Corn jumped as rains failed to improve crop

Note: This section contains information in English only.
Source: Bloomberg
On Wednesday, July 25, corn jumped as rains may not be able to reverse crop losses after the draught. Corn for December settlement rocketed 1.1 per cent to $7.87 per bushel during today's New York trading session.  At the same time November soybeans increased by 0.5 per cent to $15.7725 per bushel and wheat for September settlement edged higher 1.2 per cent to $8.895 per bushel.
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Thu, 26 Jul 2012 06:33:37 GMT

U.S. new-home sales drop

U.S. new-home sales declined in June following a jump to two-year high in May, indicating uneven housing recovery. Purchases drop 8.4% from the prior month to a 350,000 annual rate, the Commerce Department reported. Slow progress in labour market as well as lack of inventory is depressing purchases even though mortgage rates and prices remain attractive.    

Thu, 26 Jul 2012 17:07:38 GMT

Spanish and Italian bonds appreciated on Wednesday

Spanish and Italian bond increased on hopes for European Stability Mechanism enhancement, after ECB's approval to get a banking license. The yields on Spain's two-year government bonds dropped from a Eurozone's high, falling to 6.46 per cent, after rocketing to 7.147 per cent, the ten-year yield tumbled 21 percentage point to 7.41 per cent. At the same time, the yield on two-year Italian bond declined

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