July 5, 2013 9:29 am
Analysts turned most bearish on corn since November 2010 after The U.S. Department of Agriculture reported last Friday that 97.4 million acres of land was sown to corn, the highest since 1936. U.S. corn output is expected to be 30% higher than last year’s crop and total 14.005 billion. Global production is also projected to […]
Read moreJuly 5, 2013 8:07 am
Gold dropped for a second straight day on Friday, erasing partially its first weekly advance in three before todays U.S. jobless data that is expected to point at improving economic performance. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 240.55 per troy ounce at 8:03 […]
Read moreJuly 5, 2013 6:59 am
WTI prices were little changed in the early European session on Friday and traded near Wednesdays 14-month high closing price. Market players are expecting positive readings of todays U.S. jobless data, which would boost demand amid improving economic performance. This weeks unexpectedly large drop in crude oil inventories also supported prices. On the New York […]
Read moreJuly 4, 2013 3:11 pm
Natural gas remained fairly unchanged during Thursdays thin trade. Investors kept in focus EIAs weekly natural gas storage report that was released on Wednesday instead of Thursday due to the Independence Day holiday. Natural gas for August delivery traded at $3.657 per million British thermal units at 15:09 GMT, below opening price of $3.688. Prices […]
Read moreJuly 4, 2013 2:42 pm
Gold traded in a narrow range throughout the day and hit a session low as the dollar pushed against the euro following Mario Draghis announcement on the future direction of ECBs monetary policy. Gold futures for August delivery traded at $1 248.15 per troy ounce at 14:41 GMT, below its opening price of $1 252.65. […]
Read moreJuly 4, 2013 12:47 pm
Cocoa fell on Thursday amid speculation next harvest in the worlds biggest growing region will be delayed due to unfavorable weather. On NYSE LIFFE in London, cocoa futures for July delivery traded at $1 497 pounds per ton, up 1.49% on the day. Prices ranged between days high and low of $1 503 and $1 […]
Read moreJuly 4, 2013 9:00 am
Copper fell on Thursday as decreased demand outlook from the metals biggest consumer, China, weighed on prices. Investors also laid eyes on tomorrows key U.S. economic data that is expected to be on track withs Fed projections as a step towards Quantitative Easing tapering. Copper futures for September delivery traded at $3.149 a pound at […]
Read moreJuly 4, 2013 8:25 am
Gold remained fairly unchanged during Thursdays slow trading, supported by speculation demand may increase amid Europes debt crisis and political turmoil in Egypt. Gold for August delivery traded at $1 252.35 per troy ounce at 7:54 GMT, down 30 cents from opening price. The precious metal held range between days high and low at $1 […]
Read moreJuly 4, 2013 7:02 am
West Texas Intermediate traded above $101 on Thursday, holding in tight range as there will be no floor trading in New York due to the Independence Day holiday. Oil prices surged recently as political tension in Egypt threatened to close the Suez Canal and EIAs latest oil reserves report showed an unexpectedly large drop in […]
Read moreJuly 3, 2013 2:59 pm
According to the Energy Information Administrations weekly oil reserves report, U.S. Crude Oil Inventories dropped well above expectations. Gasoline and distillate fuel stockpiles also decreased, rebutting projections. On the New York Mercantile Exchange, WTI crude for August delivery traded at $101.96 a barrel at 14:58 GMT, up 2.37% on the day. Prices ranged between days […]
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