Wheat gains on Barack Obama re-election

Source: Bloomberg
© Scanpix/RS

Wheat steps higher as for December settlement price advanced 0.3% to $8.8 a bushel in the end of Asia trading hours on Wednesday. Investors were trading commodities positively, as Barack Obama won re-election bringing expectations that U.S. monetary policy will stay loose. That brings the U.S. Dollar value down and increases the appetite for more risky assets.

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Wed, 07 Nov 2012 12:08:26 GMT

Oil comes close to a two-week high on re-election results

Brent type oil for December supply was 26 cents higher to $111.33 a barrel on the ICE Futures Europe exchange on Wednesday. After the announcement of the U.S. re-election results tonight, investors shifted capital to the commodity markets, as the President Barack Obama is a supporter of a loose monetary policy and further money interventions are possible.

Wed, 07 Nov 2012 11:47:19 GMT

Rubber is traded higher as Obama wins re-election

Rubber for April settlement was 2.4% higher to 252.5 Yen per kilogram or $3,149 a metric ton in the end of Asia trading hours. Rubber price rebounded from a seven-week bottom, which was reached yesterday, as market closed at 246.6 Yen per kilogram. Together with other commodities, rubber is higher, as Barack Obama won re-election meaning that the U.S. will probably maintain the easier monetary

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