June 5, 2013 12:38 pm
Soft futures were mixed on Wednesday on the ICE Futures U.S. Exchange. Sugar prices bounced off lowest levels since July 2010 as investors returned to the market amid speculations prices will start climbing. Arabica coffee also rose, while cotton futures plunged. Sugar futures for July delivery traded at $0.1652 a pound at 12:26 GMT, up […]
Read moreJune 5, 2013 11:00 am
Brent oil rose above $103 a barrel and neared $104 amid increased demand prospects as South Korea aims to reduce its Middle East oil reliance. Expectations that the country will increase imports from other regions is supposed to increase demand for crudes priced off Brent. Brent crude traded at $103.30 at 10:39 GMT, up 0,05% […]
Read moreJune 5, 2013 10:19 am
Copper marked little gain on Wednesday and remained mainly steady in expectation for the ADP data, scheduled for release later today. The ADP Employment Change indicator for May is supposed to surge to 165 000, up from 119 000 in the preceding month. Unit Labour Costs and and Non-Farm Productivity are expected to remain unchanged. […]
Read moreJune 5, 2013 8:32 am
Wheat marks a fourth day of gains as excessive rains in Midwest U.S. delayed planting of the spring crop and drought in Kansas and Texas caused winter yields decline. On the Chicago Mercantile Exchange, wheat futures for July delivery traded at $7,1063 at 8:13 GMT, up 0,14% on the day. According to USDA’s report on […]
Read moreJune 5, 2013 7:32 am
Gold gained in the early Asian session, supported by equities retreat and weaker dollar. Gold prices plunged 1% on Tuesday on news that India will extend its import ban on the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 399,35 a troy ounce […]
Read moreJune 5, 2013 6:47 am
WTI crude traded higher in the early part of the Asian trading session, supported by expectation of declining stockpiles. According to the American Petroleum Institutes industry report crude reserves shrank by 7,8 million barrels in the week ending June 2. Gasoline stockpiles decreased by 1.3 million barrels, but distillate supplies rose by 241 000 barrels. […]
Read moreJune 4, 2013 1:12 pm
Cotton futures extended gains from the previous session and hit a two-week high. On the ICE Futures U.S. Exchange, cotton futures for July delivery traded at $0.8318 a pound at 12:48 GMT, up 0.99% for the day. It rose by 1.5% earlier and hit $0,8364 a pound, the strongest level since May 23. According to […]
Read moreJune 4, 2013 11:38 am
Copper futures extended gains from the previous session and hit a two-week high, supported by positive news from China. On the Comex division of the New York Mercantile Exchange, copper futures for July delivery traded at $3.342 a pound at 11:32 GMT, up 0,34% on the day. According to the Chinese government’s official report on […]
Read moreJune 4, 2013 9:32 am
Silver tracked golds performance and slipped on Tuesday as the dollar regained some of its strength. The dollar index, which tracks the greenbacks performance against a basket of six major counterparts, was up 0,1% and traded at 82.81. The dollar found support in negative Euro zone data. PPI for April for the single currency block […]
Read moreJune 4, 2013 8:10 am
Corn dropped for a second day in a row as planting in the U.S. advanced last week and is near completion. According to the U.S. Department of Agricultures report yesterday, around 91% of the corn crop in the worlds largest grower has been planted, up from 86% last week. The USDA said on May 10 […]
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