November 29, 2013 3:01 pm
The worlds largest wheat producer China is expected to grow 2 million tons of wheat more than previously estimated in October, the International Grain Council reported on Friday. According to the London-based IGC, the harvest will surge to 698.4 million metric tons, compared to 654.9 million tons in the 2012-13 season. Wheat plunged 25% on […]
Read moreNovember 29, 2013 2:08 pm
Copper rose to a new session high in late European trading, extending its first daily advance in four, after Standard & Poors affirmed Chinas credit sovereign rating at AA- with stable outlook, boosting the industrial metals demand prospects in its biggest consumer. Investors eyed a private report due to be released on Sunday that might […]
Read moreNovember 29, 2013 11:41 am
Silver advanced on Friday supported by rising inflation in the Euro zone and Japan and as overall upbeat data from the two regions pressured the U.S. dollar, boosting demand for alternative investments. Gold, platinum and palladium rose as well. However, speculations for an earlier-than-expected tapering of Feds monetary stimulus limited gains. On the Comex division […]
Read moreNovember 29, 2013 11:08 am
Natural gas continued its upward trend on Friday, having hit fresh 6-months highs yesterday on cold weather outlook across most of the densely populated US areas, which boosts demand for the power-station fuel for heating purposes. EIA report further supported the market, showing robust demand, as US gas inventories fell in line with expectations last […]
Read moreNovember 29, 2013 10:02 am
Gold gained on Friday, but is headed for a third monthly decline after overall upbeat data from the U.S. reinforced speculations for an earlier-than-expected reduction in Feds monetary stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. However, strong Chinese physical demand […]
Read moreNovember 29, 2013 9:30 am
Copper advanced for the first day in four after upbeat manufacturing, housing and inflation data from Japan boosted the metals demand prospects in the worlds third biggest economy. Speculations for an earlier-than-expected deceleration of Feds monetary easing program after a recent series of positive key data points limited gains. On the Comex division of the […]
Read moreNovember 29, 2013 8:25 am
West Texas Intermediate crude hovered near 6-month lows and is set for a third monthly decline, the longest losing streak in almost five years, after U.S. inventories rose for a tenth consecutive week as output exceeded 8 million barrels per day for the first time in nearly 25 years. Also weighing on the oil market, […]
Read moreNovember 28, 2013 3:01 pm
Natural gas rose to the highest since the beginning of June as weather forecasting models continued to call for below-average temperatures across most of the U.S. densely-populated areas, stoking demand for the power-station fuel as American households crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in January traded at […]
Read moreNovember 28, 2013 1:47 pm
Silver fell for a third consecutive day on Thursday and erased its weekly advance on renewed speculations for an earlier-than-expected Fed tapering following this weeks overall upbeat U.S. data points. Prices varied in a narrow range throughout the day as trading conditions remained subdued with markets in the U.S. set to remain closed on Thursday […]
Read moreNovember 28, 2013 11:03 am
Copper swung between gains and losses on Thursday after falling for two days as investors weighed prospects for increased demand in the U.S. and falling inventories tracked by the LME against speculations for an earlier-than-expected deceleration of Feds quantitative easing program. A weaker dollar supported prices. On the Comex division of the New York Mercantile […]
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