Wheat slumped on weak demand for US shipments

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities plunged on Monday as favorable weather conditions accelerated harvesting in the US and Brazil. Slightly lower US Dollar despite encouraging national data restricted losses of rural commodities.

Wheat lost almost 1% after US numbers showed that farmers sold only 14,200 tons of grain last week, the lowest level since June.

Corn was the top-loser as US harvesting is accelerating. US corn harvest was 79% completed last week compared to 69% in the preceding week, according to the USDA.

Sugar faced the longest drop in eight days on speculation that supplies form Brazil will surge as dry weather facilitates harvesting.

Coffee dropped as weather concerns in Brazil eased. However, broadly weaker US Dollar restricted the downswing of the commodity.


Back to articles

Actual Topics

Tue, 16 Oct 2012 07:01:27 GMT

Asia stocks rise on U.S. retail data

Asian stocks rose on Tuesday, lead by better-than-forecast U.S. retail sales, pushing Dow Jones Industrial Average 0.7% up, and a rebound of Softbank Corp.'s shares in Tokyo. The Nikkei surged 1.2%, the Kospi added 0.9%, while the S&P/ASX 200 and the Hang Seng indices both advanced 0.3%. The Shanghai Composite index gained 0.5%.

Tue, 16 Oct 2012 08:08:32 GMT

Crude oil flat on escalated tensions in the Middle East

Energy futures except for Brent oil were bearish on Monday amid strong US data releases and persistent worries over Spain. The commodity group continued to face pressure after the EIA reduced its global demand estimate, citing lower consumption in Europe, US and China.Crude oil was almost flat, balancing between escalated tensions in the Middle East and concerns that global demand

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.