Commodities News

Grain futures gain ahead of planting and stocks report

Grain futures gained on Tuesday following the U.S. Department of Agricultures weekly crop progress report on Monday and ahead of planting and stocks report later in the week. On the Chicago Mercantile Exchange, corn futures for September delivery traded at $5.7963 a bushel at 13:45 GMT, up 0.04% on the day. Prices ranged between days […] Read more

Copper bounces off three-year low on People’s Bank of China comments

Copper rebounded on Tuesday, marking a large intra-day gain as Peoples Bank of China representatives reassured investors the recent cash squeeze in the economy will be handled and liquidity will be kept at a supportive level for growth. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at […] Read more

Gold gains on Fed comments

Gold marked daily gains on Tuesday as comments by Dallas and Minneapolis Fed presidents curbed speculations of an earlier-than-expected deceleration of the central banks monetary easing program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery gained 0.48% on the day. The precious metal traded at $1 283.25 a […] Read more

Oil prices remain higher on reserves expectation

Oil prices continued to edge higher throughout the early European session, supported by projections U.S. oil reserves dropped during the week ending June 21. Even though China received a further downward revision of its growth forecast by Goldman Sachs, projections for demand picking up in the U.S. during the driving season boosted oil. On the […] Read more

Natural gas gains on warmer weather forecasts

Natural gas fluctuated on Monday, swinging between gains and losses. The fuel, like all other dollar-priced commodities, was pressured by the stronger greenback. However, natural gas drew support by forecasting models, which projected warmer weather throughout the week before cooling down in the beginning of July. On the New York Mercantile Exchange, natural gas for […] Read more

Grain futures lower ahead of USDA’s weekly crop report

Grain futures were lower on Monday ahead of the U.S. Department of Agricultures weekly crop progress report that is poised to show planting increased in the U.S. Midwest. DTN reported on June 21 that warmer and drier weather in the Midwest will boost crop prospects. Also, the broadly stronger dollar keeps weighing on all commodity […] Read more

Silver extends losses on QE outlook

Silver tracked golds downward direction and extended losses on Monday, trading near its 33-month low. On the Comex division of the New York Mercantile Exchange, silver futures for September delivery fell 1.43% for the day. The precious metal traded at $19.715 a pound at 10:16 GMT, ranging between daily high and low at $20.197 and […] Read more

Copper crumbled on China slowdown, lowest since July 2010

Copper made a steep plunge on Monday, losing more than 3% of its value as yet another China GDP forecast was revised down. Goldman Sachs became the latest bank to trim the Asian countrys economic growth projection amid tighter financial conditions and reforms. On the Comex division of the New York Mercantile Exchange, copper futures […] Read more

Gold erases earlier gains

Gold fell on Monday, erasing earlier gains during the Asian session. The precious metal rebounded on Friday after being hammered down following Feds meeting on Wednesday, but still settled with a 6.8% weekly loss, the worst performance since September 2011. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery […] Read more