Wheat rallied on dip buying

Source: Dukascopy Bank
Rural commodities caught momentum on the expectation for strong China's demand and slightly better situation in the Euro Zone.

Sugar retested 10-month low as improving weather conditions in top-producers of the sweeter and additional Indian exports created pressure on the commodity. The sweetener may seek support on the increased bargain buying.

Wheat rebounded after sharp fall during previous sessions as low prices created opportunities for dip buying.

Coffee was flat as the commodity continued to balance between record high Brazilian crops and a 28% drop in Colombian coffee output.

Corn was the top-gainer as low China's reserves and growing consumption are likely to force the county to import more grains.


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Mon, 23 Apr 2012 09:33:11 GMT

Euro Zone manufacturing and services declined in April

Shared currency's region production output and services contracted more than expected in April, as the Euro Zone struggled to recover from a 2011 last quarter's slow down. The Euro Area PMI dropped to 47.4, reaching a five month record low, compared to 49.1 in March, Markit Economics reported on Monday. Analysts had expected an improvement to 49.3. A figure below

Fri, 20 Apr 2012 15:04:28 GMT

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