December 5, 2013 2:09 pm
Grain futures edged lower on Thursday, with wheat hitting one week lows amid increased output estimates from Canada and Australia while wheat production is already at an all-time high. Prices were further pressured after the Agricultural Market Information System, set up by the Group of 20 countries, announced today that global wheat, corn and soybeans […]
Read moreDecember 5, 2013 10:20 am
Natural gas hovered close to 6-month highs for a second day, ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. Weather forecasts called for freezing temperatures across most of the US densely populated areas. On the New York Mercantile Exchange, natural gas futures for settlement in January traded […]
Read moreDecember 5, 2013 8:51 am
Gold fell as prices surged yesterday by the most in three weeks, which lured some investors to sell the precious metal, clustering sell orders. Speculations arose again that better-than-expected data due later today and tomorrow may prompt the Federal Reserve to taper stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further […]
Read moreDecember 5, 2013 8:29 am
West Texas Intermediate crude held near yesterdays five-week high after the Energy Information Administration reported U.S. crude inventories fell more than expected in the seven days through November 29, snapping 10 straight weeks of builds. Market players attention turned to upcoming crucial GDP and employment data from the United States due on Thursday and Friday […]
Read moreDecember 4, 2013 4:02 pm
West Texas Intermediate crude remained firmly near the $97 mark after the Energy Information Administration reported a much-larger-than-expected decline in US crude inventories in the seven days through November 29, while gasoline and distillate fuel supplies rose. The market continued to draw support after TransCanada Corp. said that an extension of its Keystone XL pipeline […]
Read moreDecember 4, 2013 3:04 pm
Grain futures were mixed on Wednesday, as some Brazilian farming companies announced their plans of switching production from corn to soybeans, which may end in a global glut. Soybeans and wheat declined, while corn gained. On the Chicago Board of Trade, soybeans futures for settlement in January hit a session low at $13.1175 per bushel […]
Read moreDecember 4, 2013 1:51 pm
Natural gas remained near 6-month highs, ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. On the New York Mercantile Exchange, natural gas futures for settlement in January traded at $3.964 per million British thermal units at 13:50 GMT, down 0.31% on the day, having reached a 6-month […]
Read moreDecember 4, 2013 8:58 am
Gold extended losses on Wednesday on reinforced speculations the Federal Reserve may reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. A stronger dollar further pressured gold. On […]
Read moreDecember 4, 2013 8:28 am
West Texas Intermediate crude rose for a fourth consecutive day, the longest winning stretch since August, after TransCanada Corp. said that an extension of its Keystone XL pipeline will become operational on January 3, relieving a supply bottleneck at Cushing, Oklahoma. Prices were further supported by a much larger-than-expected decline in US crude inventories in […]
Read moreDecember 3, 2013 4:02 pm
Natural gas reached the highest level since June 5th on chilly weather outlook ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. On the New York Mercantile Exchange, natural gas futures for settlement in January traded at $3.994 per million British thermal units at 15:54 GMT, up 0.14% […]
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