Commodities News

Soft futures mixed, sugar rebounds

Soft futures were mixed on Thursday with cotton and cocoa marking daily losses, while sugar and arabica coffee gained. Sugar rebounded after prices fell to a three-year low of $0.1617 on Thursday as farmers in Brazil started to accelerate harvesting. Investors started buying sugar futures after bearish bets reached a record and the worlds top […] Read more

Soybeans drop amid lower demand from China

Soybeans dropped on Monday as imports by China, the worlds biggest consumer, may be lower than the U.S. Department of Agricultures forecast. The agency projected on June 13 shipments will total 69 million metric tons in the 12 months starting October 1. According to Bloombergs survey China will import 63 million instead, which is one […] Read more

Gold remains steady on Monday

Gold prices remained overall unchanged in the early European session, awaiting Feds meeting this week, which would shed some light into the centrals bank s future intentions regarding its Quantitative Easing. Gold prices rose on Friday, following U.S. data that spurred inflation concerns. Core PPI both on annual and monthly basis for May met expectations […] Read more

Oil prices fairly unchanged

Oil prices remained steady during the early European session on Monday as Middle East tension was offset by news about Irans president election and the lasting global demand concern. On the New York Mercantile Exchange, both WTI crude and Brent oil hovered near open prices. At 7:02 GMT crude oil futures for August delivery traded […] Read more

Gold gains on U.S. data

Gold gained on Friday as U.S. data showed signs of rising inflation, boosting the precious metals appeal as a hedging strategy versus inflation. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded 0.74% higher on the day and stood at $1 388.05 at 14:13 GMT. The precious metal […] Read more

WTI at nine-month high on weak dollar and Syria war concern

Oil prices surged to nine-month high levels on Friday, supported by weaker dollar and concern over the war in Syria. The U.S. currency has been pressured throughout the week by its major counterparts, driving commodity prices up. The greenback remained fairly unchanged even after positive U.S. data on Thursday and somewhat controversial figures, published on […] Read more

Soft futures mixed; sugar rebounds as Brazil ethanol rallies

Soft futures were mixed on Friday with sugar, coffee and cotton on green side, while cocoa marked another day of losses. On the ICE Futures U.S. exchange, sugar futures for July delivery marked a new daily high at $0.1641 a pound at 13:00 GMT, up 1.17% on the day. The sweetener varied between daily high […] Read more

Grain futures mixed, wheat traders bearish

Grain futures were mixed on Friday with corn and soybeans marking daily gains, while wheat fell amid global ample supply forecast. Wheat futures have been under pressure as favorable weather conditions boosted developing prospects in different parts of the world. Harvests in the Black Sea region by Ukraine and Russia, Australia and Europe are expected […] Read more