September 17, 2013 9:35 am
Grain futures rose on Tuesday following yesterdays USDA weekly crop progress report which showed a fifth consecutive deterioration in soybeans condition, while corn harvesting fell well behind last years pace. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.60% to $13.5625 per bushel at 9:34 GMT. Prices held in […]
Read moreSeptember 17, 2013 8:42 am
Copper rose on Tuesday as positive economic data from top consumer China boosted demand prospects for the metal. Upbeat U.S. industrial production reported on Monday continued to underpin the market. Gains remained limited amid broad expectations for Quantitative Easing tapering announcement at the FOMC meeting. On the Comex division of the New York Mercantile Exchange, […]
Read moreSeptember 17, 2013 8:07 am
Gold swung between gains and losses on Tuesday ahead of the upcoming Federal Open Market Committee meeting amid broad expectations that the Federal Reserve will begin trimming its bond purchasing program. Receding Syria tension also pressured the market. Silver, platinum and palladium slightly advanced. On the Comex division of the New York Mercantile Exchange, gold […]
Read moreSeptember 17, 2013 7:08 am
West Texas Intermediate fell to a three-and-a-half week low and Brent hovered near yesterdays 4-week low as fears faded that a U.S.-led attack against Syria might spill the conflict over to neighboring major oil producers. Broad expectations that Fed will announce it will pare its monetary stimulus program after the upcoming FOMC meeting continued to […]
Read moreSeptember 16, 2013 3:18 pm
Natural gas rose more than 1% on Monday with sentiment still boosted from last weeks upbeat inventories data and positive outlook for this weeks EIA report. Market players continued to monitor hurricanes Ingrid and Humberto. On the New York Mercantile Exchange, natural gas for delivery in October rose by 1.89% to $3.746 per million British […]
Read moreSeptember 16, 2013 2:48 pm
Copper rose more than 1% on Monday amid overall upbeat U.S. data and after one of the potential candidates for next Fed chairman and supporters of tighter monetary policy dropped out of the race. Receding fears over an escalating conflict in Syria stoked demand for riskier assets. On the Comex division of the New York […]
Read moreSeptember 16, 2013 11:17 am
Grain futures were mixed on Monday with wheat and corn advancing, while soybeans declined as rains in parts of the Midwest may halt a decline in soybeans condition that has already deteriorated for four consecutive weeks. On the Chicago Board of Trade, soybeans futures for November delivery fell by 1.04% to $13.6650 per bushel at […]
Read moreSeptember 16, 2013 9:10 am
Copper rose on Monday after hitting a five-week low on Friday following Lawrence Summerss withdrawal as a candidate for next Fed chairman. Broad expectations that the Federal Reserve will pare its monetary stimulus after the upcoming two-day FOMC meeting on September 17-18 limited gains. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreSeptember 16, 2013 8:16 am
Gold gained more than 1% on Monday as the U.S. dollar retreated to the lowest in a month following Lawrence Summers withdrawal as a candidate for next Fed chairman. Easing tension between the U.S. and Syria and expectations that policy makers will trim the $85 billion bond purchasing program after the upcoming two-day FOMC meeting […]
Read moreSeptember 16, 2013 7:29 am
Both WTI and Brent benchmarks extended last weeks retreat amid growing chances for a diplomatic resolution of the Syrian conflict, which eased concern over global supply disruptions. Market players also eyed FOMCs upcoming two-day meeting on September 17-18, which should clarify Feds next moves. On the New York Mercantile Exchange, WTI crude for delivery in […]
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