September 25, 2013 8:49 am
Grain futures edged higher on Wednesday. Wheat advanced amid prospects for increased demand from China, while soybeans gained as recently predicted showers in the Midwest were considered futile since the crop was already mature and in the harvest stage. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.29% to […]
Read moreSeptember 25, 2013 7:58 am
Gold rose for the first time in four days and traded in a narrow range as market players returned to the market to seek cheap valuations after the recent drop in prices. Gains however remained limited as investors were cautious following recent mixed comments by Fed officials regarding the central banks future moves. Silver, platinum […]
Read moreSeptember 25, 2013 7:15 am
West Texas Intermediate snapped four days of declines on Wednesday after the industry-funded American Petroleum Institute reported on Tuesday that U.S. crude inventories dropped last week, indicating consistent demand in the worlds top consumer. A larger decrease is expected to be reported by the EIA at 14:30 GMT. Gains however remained capped as the U.N. […]
Read moreSeptember 24, 2013 3:07 pm
West Texas Intermediate futures fell to the lowest since the beginning of July on speculations that relations between the U.S. and Iran are improving and as Syria fears fade. A larger than expected drop in U.S. consumer confidence also weighed on prices. On the New York Mercantile Exchange, WTI crude for delivery in November fell […]
Read moreSeptember 24, 2013 11:26 am
Grain futures rose on Tuesday following USDAs crop progress report on Monday which showed harvesting fell well behind last years pace, while soybeans condition remained unchanged after 5 weeks of deterioration and the corn crop improved. Increased U.S. exports of the oilseed pushed prices over 1%. On the Chicago Board of Trade, soybeans futures for […]
Read moreSeptember 24, 2013 9:10 am
Natural gas swung between gains and losses on Tuesday after five straight days of declines as weather forecasters predicted mild weather in the U.S. that would curb demand for the power-plant fuel. On the New York Mercantile Exchange, natural gas futures for delivery in November rose by 0.05% to $3.679 per million British thermal units […]
Read moreSeptember 24, 2013 8:41 am
Copper fell for a third day amid ambivalent expectations for Feds tapering timetable following mixed comments from Federal Reserve officials. Political disagreement over the U.S. budget further damped sentiment. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell by 0.89% to $3.269 per pound at 8:41 GMT. […]
Read moreSeptember 24, 2013 7:58 am
Gold swung between gains and losses on Tuesday as market players weighed ambivalent expectations about the timing of Fed parings its monetary stimulus against increased physical demand from China before the nations Golden Week holiday. Silver, platinum and palladium also fell. On the Comex division of the New York Mercantile Exchange, gold futures for delivery […]
Read moreSeptember 24, 2013 6:59 am
Oil prices remained pressured on Tuesday amid expectations that a U.N. drafted resolution this week will back a U.S.-Russian plan to destroy Syrias chemical arsenal and avert military action against the Middle Eastern country. Recovering output in different OPEC members eased concern over global supplies, while market expectations for a bullish crude inventories tomorrow by […]
Read moreSeptember 23, 2013 2:54 pm
West Texas Intermediate fell to the lowest since the end of July after a preliminary report by Markit Economics showed that U.S. manufacturing activity expanded at a slower pace in September. Meanwhile, output in South Sudan rose to the highest since 2012 and Libya is in the process of recovering its production. A possible groundbreaking […]
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