May 21, 2013 10:52 am
Wheat for July delivery fell 1,4% on the day and traded at $6,7438 a bushel after earlier in the session it tumbled 1,5% and reached its weakest level since April 3. Wheat prices are experiencing downward pressure amid improved weather forecasts for crop developing in the Black Sea region, which is easing the concerns about […]
Read moreMay 21, 2013 9:18 am
According to data published by the General Administration of Customs today, Chinas copper imports dropped to 183 023 metric tons last month, its lowest level since June 2011. Exports sunk 52% to 29 072 tons compared to 60 642 tons in March. This is the first contraction in copper exports for the last eight months. […]
Read moreMay 21, 2013 8:45 am
European Commissions investigation into possible oil pricing manipulation is widening its circle as trading houses from Glencore Xstrata PLC, a $70 billion firm, to Gunvor Group Ltd. and Vitol Group were asked to assist European regulators by providing information. The three trading houses along with other companies with offices in Switzerland arent been investigated, but […]
Read moreMay 21, 2013 7:36 am
Natural gas kept rising on Monday and traded 1,91% higher at $4,133 per million British units amid weather forecasts for higher-than-average temperatures in the central parts of the U.S. When warm weather is expected, natural gas surges as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is used for […]
Read moreMay 21, 2013 7:16 am
Gold tracked WTIs upward momentum after the Japanese economy minister made a statement that a further weakening of the yen might harm growth. This led to an increased demand for the Asian nations currency and weakened the dollar, thus increasing precious metals price. The U.S. dollar tends to trade in an inverse relation to dollar-priced […]
Read moreMay 21, 2013 6:52 am
WTI crude rose to a two-month high amid forecasts for the first two consecutive decreases in U.S. oil reserves. According to a Bloomberg News survey before the Energy Information Associations report tomorrow, stockpiles decreased by 800 000 barrels last week and refineries increased their operating rates for a fourth week in a row. Ric Spooner, […]
Read moreMay 20, 2013 1:56 pm
Gold futures continued to drop for an eight day in a row. Together with the worst performing precious metal of the year – silver, gold sank 1% on the day and futures for July were traded at $1 351,05 as investors are awaiting Ben Bernankes statement about the future of the Quantitative Easing 3 program, […]
Read moreMay 20, 2013 10:44 am
Soybean prices are climbing to an eight-week high following concerns over slower than usual soy crop planting. As of last week only 6% of the U.S. crop was planted, well below the 43% planted in the same week last year, according to the U.S. Department of Agriculture. Soybeans futures for July delivery rose 0,2% on […]
Read moreMay 20, 2013 8:48 am
For the first time in 4 days on Monday WTI crude futures traded lower, giving back some of its recent gains. WTI for July delivery lost 0,5% on the day and traded at $95.78 during the European morning session. New York-traded oil prices lost 0,6% earlier in the day and hit a session low. Given […]
Read moreMay 20, 2013 7:46 am
Natural gas futures hit a two-week high on Friday, May 17, following forecasts of above the average temperatures during the next two weeks in the central parts of the United States. When warm weather is expected, natural gas surges as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is […]
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