Wheat continues its slump on USDA data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities finished in red on Tuesday as bearish USDA report released last week continued to weigh on the commodity group. Moreover, prospects of sufficient global supplies added pressure on rural commodities.

Wheat extended losses as sentiment remained weak after the USDA report showed inventories totaled 1.23 billion bushels in the beginning of March compared to expectations of 1.17 billion bushels. Limiting the downswing, only 34% of the US wheat crop was rated as good or excellent last week, the lowest rating in 11 years.

Corn plunged 7.88% to reach the lowest level since June as market players sold the commodity after the USDA report. The USDA said corn stocks had totaled 5.39 billion bushels as for March 1, above the market consensus of 4.99 billion bushels. Meanwhile, investors anticipated the report on US ethanol production due on Wednesday.

Sugar and Coffee slid as expectations of a record Brazilian crop continued to push the commodities lower. Coffee output in Brazil is expected to increase to a record of 63 million bags next year from 54 million bags this year.
Back to articles

Actual Topics

Wed, 03 Apr 2013 12:22:06 GMT

U.S. stocks up on Tuesday as concerns over Europe's debt crisis fade

U.S. stocks closed higher on Tuesday, with the S&P 500 Index trading at its record high, as concerns over the Eurozone's debt crisis faded and report showed factory orders climbed in February due to increasing demand for motor vehicles and aircraft. The Standard  & Poor's 500 Index rallied 0.5% to end at 1,570.25. Seven out of ten groups in the

Wed, 03 Apr 2013 11:38:09 GMT

Crude oil flat ahead of EIA inventory report

Energy futures were mixed on Tuesday amid ideas that the EIA weekly supply report scheduled on Wednesday may show an increase in the US inventories. Furthermore, disappointing manufacturing numbers from the US and China weighed on global energy demand prospects. Crude oil inched down as investors expected the EIA report to show an increase in inventories by 1.8 million barrels last

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.