Wheat slips to a one-month low on rainy forecast in the U.S.

Source: Bloomberg
Wheat futures for March settlement were lower by 0.8% to $7.7275 for one bushel on Chicago Board of Trade during Singapore trading session on Wednesday. Commodity traders were selling wheat, as rains might bring some relief to crops in the U.S., which are suffering from drought. Weather forecast, which say that some precipitation will be brought next week, pushed market for a reasonable selling on as the price of wheat lost 1.5% yesterday.
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Wed, 23 Jan 2013 08:59:23 GMT

Platinum soars on strong investment demand

Precious metals rallied on Tuesday after the BoJ announced an open-ended asset purchasing program and raised its inflation target by 2%. Sending the commodity group higher the US Dollar depreciated further on weak data from US real estate and manufacturing sectors. Gold advanced after the BoJ unveiled its stimulus measures. However, the gains were capped by an increase in gold's import

Wed, 23 Jan 2013 12:06:03 GMT

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