Corn rose amid bottom fishing

Source: Dukascopy Bank SA
© Scanpix/Reuters
Rural commodities were mixed on Wednesday amid solid greenback and bottom fishing. Meanwhile, weak demand for the US exports coupled with fears over global economic slowdown created a heavy pressure on the commodity group.

Wheat extended previous losses on rallying US Dollar. However, the grain may find support on further cuts of global supply estimates. Dan Basse President of AgResource Co announced that global wheat output is likely to miss the USDA forecast of 651.4 million MT.

Corn climbed on bottom fishing. Moreover, hopes that lower prices will attract livestock producers added to gains.

Sugar declined on bearish Unica's crop update last week. Unica stated that sugar production in Brazil's Center South-region skyrocketed 73% in the second half of October.

Coffee bounced off recent lows as traders returned to markets to look for cheap valuations. However, easing concerns over Brazilian harvest capped gains in coffee prices.


Back to articles

Actual Topics

Thu, 15 Nov 2012 10:39:42 GMT

German GDP growth decelerates in the third quarter

The pace of economic growth in Germany continued to slow down in the third quarter on threats euro zone crisis possess on the Europe's largest economy. The nation's GDP expanded 0.2% in the time period from July to September on seasonally adjusted basis. Experts say German economy will further contract in Q4, as business climate is worsening, industry orders still

Thu, 15 Nov 2012 16:02:12 GMT

Silver rose on weak US data

Precious metals advanced on Wednesday, following dismal economic data releases from the US. US retail sales and PPI dropped more than expected last month, adding to fears that the country's economy may into recession, especially after tax hikes. At the same time, mounting hopes that the Fed may introduce a new bond-buying program in 2013 buoyed the commodity group.Gold traded

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.