Corn rose on bright demand prospects

Source: Dukascopy Bank SA
Farm commodities were mixed as weather conditions in the US improved while global demand remains uncertain.

Wheat advanced on speculation that lower Russia production is likely to boost demand for US grains. Russia output is expected to fall by annualized 5.7% over 12 month, starting from June 1.

Corn rose on expected increase in demand for US supplies. However, recent rains in the US that are likely to revive developing crops capped the upswing.

Sugar dropped on speculation that rains in Brazil that delay production in the moment may boost output later in the season.

Coffee extended previous losses after ICO reported that output prospects remain bright as crops in Indonesia, Peru, Papua New Guinea and Brazil are expected to reach record levels.
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Fri, 15 Jun 2012 10:03:52 GMT

S&P 500 index jumps 1.1% on Thursday

S&P 500 index experienced a strong session on Thursday on signals global policy makers may apply extra measures to boost slowing economies. US benchmark jumped 1.08% or 14.22 points and closed at 1,329.10. International Game Technology rallied 14%, Casino machines maker announced a $1 billion share buyback plan in an effort to reward investors after a 23% share drop in

Fri, 15 Jun 2012 09:42:48 GMT

Natural gas sored after US supplies report

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