Wheat climbs as US winter crop condition deteriorates

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Farm commodities advanced on Monday as broadly softer US Dollar boosted appeal of the commodity group. Moreover, a recent fall in prices created bargain buying opportunities for the market players. At the same time, weak demand for US supplies and rising production in Brazil weighted down on rural commodities.

Wheat rebounded after the USDA reported that only 34% of the US winter-wheat was rated as good and excellent as for November 18, compared with 36% in the previous week. However, lack of demand for the US exports capped gains.

Corn climbed on weaker US Dollar. At the same time, the commodity remained under pressure due to a combination of slowing demand for US grains and easing worries over the US production.

Sugar rallied the most since June on lingering concerns that rains this week may cut Brazilian harvest.

Coffee rose despite ample global supplies. Latin American coffee exports surged by annualized 19% last month, according to Anacafe.


Back to articles

Actual Topics

Tue, 20 Nov 2012 09:57:59 GMT

Loonie advances as IMF consider classifying it as reserve currency

Canada's Dollar strengthened the most in a month versus the U.S. peer as the IMF considers classifying the Lonnie and Aussie as reserve currencies. The Canadian Dollar gained 0.5% to 99.63 cents per greenback after advancing as much as 0.6%, the most since October 17. The Loonie traded below parity with the U.S. Dollar last week and touched the lowest

Tue, 20 Nov 2012 10:41:57 GMT

Crude oil rallies amid Middle East tensions, weak greenback

Energy futures apart from natural gas moved higher on Monday, supported by broadly softer greenback and rising optimism over the US budget approval. From the supply side, the commodity group also found support as tensions between Israeli and Hamas militants escalated.Crude oil jumped on brighter demand prospects amid optimism over the US fiscal cliff and signs of the US housing

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.