July 29, 2013 11:37 am
Grain futures were mixed on Monday with wheat marking minor daily gains and corn rebounding off a new 33-month low, while soybeans plunged to lowest since February 2012 amid favorable weather. On the Chicago Board of Trade, corn futures for September delivery traded at $4.9313 a bushel at 11:34 GMT, up 0.39% on the day. […]
Read moreJuly 29, 2013 9:18 am
Copper fell on Monday and extended last weeks decline on renewed concern over demand from top consumer China as profits earned by Chinese industrial companies in June rose less year-on-year compared to the previous month. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.094 a pound […]
Read moreJuly 29, 2013 8:15 am
Gold gained during early European trading as a weaker greenback supported dollar-denominated commodities. Market players are awaiting this weeks key U.S. data and news from the two-day FOMC meeting in order to gauge the U.S. economys recovery pace and possibly get a date for when deceleration of Feds Quantitative Easing program will start. On the […]
Read moreJuly 29, 2013 7:19 am
West Texas Intermediate fell for a second day, extending last weeks decline as market players await this weeks two day Fed policy meeting and the final reading of Chinas HSBC/Markit PMI. Crude was also pressured as Saudi Prince Alwaleed bin Talal said in an open letter that demand for oil by the group has declined […]
Read moreJuly 26, 2013 2:59 pm
Oil continued to fall on Friday, drawing closer to its first weekly decline in more than a month as the Chinese government forced 1 400 companies in over 19 industries to shut down excess capacity until the end of the year. On the New York Mercantile Exchange, WTI crude for September delivery traded at $103.96 […]
Read moreJuly 26, 2013 1:31 pm
Natural gas continued its steep fall this week and extended losses on Friday as weather forecasting models continued to point at mild temperatures over key consuming areas of the U.S., reducing demand for the fuel. On the New York Mercantile Exchange, natural gas for September delivery traded at $3.611 per million British thermal units, down […]
Read moreJuly 26, 2013 12:06 pm
Copper fell on Friday as the Chinese Ministry of Industry and Information Technology announced yesterday that 1 400 companies in 19 industries will have to cut excess production capacity this year. This comes as a part of Premier Li Keqiangs efforts to restructure the countrys economy in order to achieve a slower but more sustainable […]
Read moreJuly 26, 2013 9:55 am
Grain futures were mixed on Friday with wheat and corn advancing, while soybeans fell to a 17-month low as favorable weather conditions boosted crop prospects and demand for U.S. supplies declined. On the Chicago Board of trade, soybeans for August delivery traded at $13.4663 a bushel at 9:52 GMT, down 0.57% on the day. Prices […]
Read moreJuly 26, 2013 8:41 am
Gold advanced on Friday and is headed for the longest weekly rally since March as overall controversial U.S. economic data eased concern over an imminent deceleration of Feds monetary stimulus, which supported dollar-denominated dollars. On the Comex division of the New York Metal Exchange, gold futures for August delivery traded at $1 330.95 per ounce […]
Read moreJuly 26, 2013 7:34 am
West Texas Intermediate fell on Friday and is poised for a first weekly drop in five as U.S. output reached a 22-year high while Chinas latest economic data showed a further slowdown in its manufacturing sector. Brent also fell and is headed for a weekly decline. On the New York Mercantile Exchange, WTI crude for […]
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