February 14, 2014 1:44 pm
Grain futures advanced on Friday, soybeans touched a 5-month high, after the US Department of Agriculture predicted yesterday that demand for the US oilseed from China, the largest global importer of the grain will increase. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.44% to trade at $13.5088 per […]
Read moreFebruary 14, 2014 9:35 am
Natural gas surged on Friday and headed for the first week of advances since January 24, as the chilly US weather spurred demand for the energy source and eroded stockpiles by the largest February amount since 2007. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared by 1.95% to trade […]
Read moreFebruary 14, 2014 8:17 am
West Texas Intermediate crude fell on Friday after an unexpected decline in US retail sales and an increase in the number of people filing for initial unemployment payments raised concerns over the recovery state of the worlds biggest economy. Losses however were capped by supply outages in Libya and Angola and as cold weather and […]
Read moreFebruary 14, 2014 8:06 am
Gold advanced on Friday and was poised for the largest weekly gain since October as downbeat US economic data boosted demand for haven assets, with holdings in the SPDR Gold Trust, the biggest bullion-backed ETF, expanding to the strongest level in almost two months. On the Comex division of the New York Mercantile Exchange, gold […]
Read moreFebruary 13, 2014 2:56 pm
Grain futures advanced on Thursday, soybeans increased on speculation a government report later today may show US exports accelerated last week. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.23% to trade at $13.3762 per bushel by 14:52 GMT. Prices touched a session high at $13.3850 per bushel, while […]
Read moreFebruary 13, 2014 9:19 am
Natural gas surged on Thursday amid speculation for a larger than the 5-year average drop in US gas inventories ahead of EIA weekly report, due later today. Meanwhile, natural gas and heating demand is expected to remain very strong as a massive winter storm tracks across the US Northeast, leaving heavy snow and ice over […]
Read moreFebruary 13, 2014 8:12 am
Gold snapped six days of advances, the longest winning run since June 2012, as investors weighed prospects for further Fed stimulus cuts and signs of decreasing physical demand from China. However, a weaker US dollar relieved some pressure on the yellow metal, while at the same time assets in the SPDR Gold Trust, the biggest […]
Read moreFebruary 13, 2014 8:07 am
West Texas Intermediate fell on Thursday amid speculations that yesterdays surge to four-month high levels may have been overdone, but a positive global demand outlook for this year and 2015 kept losses in check. A second consecutive draw in supplies at benchmark delivery point Cushing and record high Chinese crude imports kept the market underpinned. […]
Read moreFebruary 12, 2014 3:57 pm
Grain futures were mixed on Wednesday, wheat declined amid expectations for a record global output. Meanwhile, wheat touched 5-week high, while soybeans edged lower. On the Chicago Board of Trade, corn futures for March delivery traded at $4.4088 a bushel by 15:30 GMT, losing 0.12% for the day. Futures hit a session high at $4.4262 […]
Read moreFebruary 12, 2014 3:51 pm
West Texas Intermediate crude held near its recently hit four-month high after the Energy Information Administration reported a fifth consecutive weekly decline in US distillate fuel inventories, albeit smaller than expected, and as inventories at Cushing, Oklahoma, slid for a second week. An upward revision to global demand growth this year and in 2015 and […]
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