December 11, 2013 4:13 pm
Grain futures were mixed on Wednesday with wheat declining, while corn and soybeans advanced despite increased US forecasts for global production. On the Chicago Board of Trade, corn for March delivery surged by 0.41 percent to $4.3838 a bushel by 15:59 GMT. Futures held in range between day’s high and low of $4.3862 and $4.3438 […]
Read moreDecember 11, 2013 4:06 pm
West Texas Intermediate crude shed some losses but continued to trade lower after a second straight weekly decline in US crude inventories was offset by a much-larger-than-expected rise in both motor gasoline and distillate fuel stockpiles in the seven days to December 6. Further weighing on the market, supplies at Cushing, Oklahoma, jumped to the […]
Read moreDecember 11, 2013 1:14 pm
Natural gas retreated after hitting a 6-1/2-month high yesterday as investors awaited the release of the EIAs weekly inventories report due on Thursday. Weather forecasts continued to call for below-average temperatures and heavy snows across much of US. On the New York Mercantile Exchange, natural gas for delivery in January declined by 0.94% to $4.197 […]
Read moreDecember 11, 2013 9:45 am
Gold fell on Wednesday, after yesterday it registered the largest daily advance in seven weeks as investors weighed Feds tapering prospects. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009 for a third day, adding to bearish sentiment. Increased Chinese physical demand relieved some pressure on the […]
Read moreDecember 11, 2013 8:27 am
West Texas Intermediate held near the highest in 7 weeks after an industry report showed yesterday that crude stockpiles in the US fell more than expected last week, indicating a pick up in demand. The oil market gained further support as two new pipelines are expected to relieve a supply glut at Cushing, Oklahoma, the […]
Read moreDecember 10, 2013 3:56 pm
Grain futures were mixed on Tuesday, with wheat touching the lowest since September 16th, while soybeans advanced. Corn fell as well. Wheat futures for settlement in March traded at $6.4163 per bushel by 15:37 GMT, losing 1.39% on daily basis. Prices jumped to a session high of $6.5212, while day’s low was touched at $6.4112 […]
Read moreDecember 10, 2013 12:33 pm
Natural gas hit a fresh 6-1/2-month high as weather forecasts continued to call for bitter cold temperatures and heavy snows and ice across much of US, increasing demand for natural gas. Thursday’s EIA report for the week ended November 29th showed a record November withdrawal in US gas inventories, which continued to support the market. […]
Read moreDecember 10, 2013 9:16 am
Gold advanced amid speculations for increased Chinese demand and a weaker dollar. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained for a second day at the lowest since January 2009, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in February added […]
Read moreDecember 10, 2013 8:35 am
Both West Texas Intermediate and Brent benchmarks rebounded from Mondays losses supported by expectations a government report tomorrow may show U.S. crude oil inventories fell for a second week in the seven days to December 6, signaling demand in the worlds top consumer is picking up. News that TransCanada Corp. began injecting oil in its […]
Read moreDecember 9, 2013 4:00 pm
Grain futures were mixed on Monday, with wheat losing ground as a record-high output is expected. Meanwhile, corn and soybeans advanced. Wheat futures for settlement in March traded at $6.5013 per bushel by 15:39 GMT, losing 0.2% on daily basis. Prices jumped to a session high of $6.5712, while day’s low was touched at $6.5012 […]
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