Commodities News

Grain futures mixed

Grain futures were mixed on Tuesday as the U.S. Department of Agriculture published its weekly crop progress report yesterday. Wheat traded lower on the day and soybeans marked gains, while corn rebounded after plunging 2.2% yesterday and stood higher as well. On the Chicago Mercantile Exchange, corn futures for July delivery traded at $6.5200 per […] Read more

Gold trades lower on stimulus outlook

Gold fell on Tuesday near two-week low amid speculation of an earlier than projected Quantitative Easing scale back after Standard & Poors improved its assessment for the worlds biggest economy. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery lost 0.65% on the day and stood at $1 376.95 […] Read more

Oil lower as reserves seen gaining

Oil traded lower on Tuesday as analysts forecast a gain in Crude Oil Inventories ahead of the American Petroleum Institutes report, scheduled for today. API collects information on a voluntary basis from operators of refineries, pipelines and bulk terminals. The Energy Information Administrations more reliable report is due tomorrow at 14:30 GMT. On the New […] Read more

WTI erased earlier drops, remains lower on the day

West Texas Intermediate was pressured today by negative China economic data that was published during the weekend. Prices found some support by U.S. data on Friday and conflict in Sudan that could cut off crude supply from South Sudan. On the New York Mercantile Exchange, WTI crude for July delivery traded at $95.84 a barrel […] Read more

Soft futures mixed

Coffee futures rebounded after dropping earlier as the harvest in Brazil accelerated amid favorable conditions and weaker local currency gave producers competitive advantage on the markets. On the ICE Futures U.S. Exchange, Arabica coffee for July delivery erased earlier losses and traded at $1.2720 a bushel at 13:01 GMT, up 0.61% on the day. Prices […] Read more

Gold gains following China data

Gold traded overall higher on Monday, offsetting some of last weeks declines after the Bureau of Labor Statistics reported the U.S. economy has created more jobs than expected, although the unemployment rate also rose by 0.1%. This spurred concern about a premature scale back of Feds Quantitative Easing program, which caused gold to drop 2.2% […] Read more

Gold sinks following U.S. labor data

Gold fell below $1 390 a troy ounce after key U.S. labor data was published at 12:30 GMT. According to the Bureau of Labor Statistics, the Change in Non-Farm Payrolls indicator rose to 175 000, 12 000 more than the 163 000 projection and significantly above the revised 149 000 value for April. The Unemployment […] Read more