November 8, 2013 12:46 pm
Grain futures were mixed on Friday with soybeans retreating, while wheat remained fairly unchanged and corn hovered near a freshly hit three-year low on speculations the USDA will revise upward its crop estimate. On the Chicago Board of Trade, corn futures for settlement in December rose by 0.45% to a session high of $4.2188 per […]
Read moreNovember 8, 2013 10:39 am
Natural gas rose for a fourth straight day after the Energy Information Administration reported on Thursday that U.S. natural gas inventories rose below the average in the week ended November 1, indicating robust demand. The power-station fuel was also supported as weather forecasting models continued to predict colder-than-normal weather in key U.S. consuming areas, boosting […]
Read moreNovember 8, 2013 10:03 am
Copper reversed six days of declines on Friday after upbeat trade data from China signaled the governments economic expansion target was achievable, boosting demand prospects in the worlds top consumer. Expectations that todays U.S. employment data may curb speculations for an earlier-than-expected deceleration of Feds quantitative easing program also supported the market. On the Comex […]
Read moreNovember 8, 2013 9:33 am
Gold rebounded from Thursdays three-week low on Friday on expectations todays U.S. employment data will show employers added fewer jobs in October from a month earlier, curbing speculations the Federal Reserve will trim its monetary easing program earlier than expected. Silver, platinum and palladium tracked the yellow metals upward momentum. On the Comex division of […]
Read moreNovember 8, 2013 8:59 am
Oil prices fluctuated on Friday but remained fairly unchanged in the early European session after trade data showed Chinas targeted economic expansion was achievable and ongoing clashes in the streets of Tripoli continued to spur concern over Libyas crude supply. Market players however remained cautious before the release of key U.S. employment data after a […]
Read moreNovember 7, 2013 3:07 pm
Natural gas futures rose to the highest in more than a week as weather forecasting models predicted below-normal temperatures in key U.S. consuming areas through the middle of November, limiting demand prospects prior to the peak winter consuming season. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.581 […]
Read moreNovember 7, 2013 12:58 pm
Grain futures were little changed during European trading on Thursday with soybeans and wheat trading near multi-week lows, while corn fell to the weakest level since August 2010 on speculations the USDA will raise its crop estimate on November 8. On the Chicago Board of Trade, corn futures for settlement in December traded at $4.2213 […]
Read moreNovember 7, 2013 10:21 am
Copper snapped five straight days of declines ahead of the release of key U.S. economic data on Thursday and Friday that will help investors assess when the Federal Reserve will commence scaling back its monetary stimulus. Market players also eyed Germanys industrial production figures at 11:00 GMT on Thursday and upcoming data from China on […]
Read moreNovember 7, 2013 9:12 am
Gold was steady in a rangebound trade on Thursday after rising the most in two weeks on Wednesday ahead of the release of key U.S. economic data during the next two days and the conclusion of ECBs policy meeting later today. Silver and platinum were little changed, while palladium posted a moderate decline. On the […]
Read moreNovember 7, 2013 7:59 am
Both West Texas Intermediate and Brent benchmarks were steady during early European trading on Thursday ahead of the release of key U.S. economic data and the conclusion of ECBs policy meeting. A steeper-than-expected fall in U.S. motor gasoline and distillate fuel inventories last week supported prices despite a seventh consecutive increase in U.S. crude inventories. […]
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