Corn gains as US stockpiles may have fallen to 15-year low

Source: Dukascopy Bank SA
Rural commodities were mixed on Monday amid unfavorable weather conditions in Brazil and expectations of lower US gains inventories. Meanwhile, cold and wet weather in the top growing areas in the US may slow early grain planting.

Wheat retreated after the data showed that crop rating in Oklahoma rose to 25% good or excellent as for Sunday compared to 24% a week earlier. However, talks that cold temperatures in the south western Plains may damage crops were supportive for wheat futures.

Corn advanced on speculation that the USDA will announce that US inventories dropped to a 15-year low. Stocks on March 1 probably reached 4.995 billion bushels, down 17% from the year earlier.

Sugar slumped despite unfavorable weather forecasts in Santos, the largest Brazil's exporting port. Rains are likely to complicate logistical situation in the major ports in Brazil.

Coffee moved higher on ideas that crops in Central America and Mexico may decline to 15 million bags next year compared to earlier forecast of 16 million bags because of spreading crop disease.
Back to articles

Actual Topics

Tue, 26 Mar 2013 08:56:01 GMT

GBP/USD slides to the weekly PP

The Cable maintains correlation with other greenback peers and slightly depreciated to the weekly pivot point level at 1.5177. The pair is still firmly positioned in the upper part of Bollinger band, but movement there demonstrates low volatility and absence of desire to breach upper levels.

Tue, 26 Mar 2013 11:52:07 GMT

Slovenia's industrial output falls in January

Slovenian industrial output dropped in the month of January mainly due to an annual 17.6% fall of mining and quarrying output and a 2.5% decrease in manufacturing production, a report released by the Statistical Office of the Republic of Slovenia showed on Monday. Year-on-year, industrial production tumbled 1.8% in January and it slipped 0.2% on a sequential basis in the

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.