Rubber depreciates on increasing Yen and weak data from China

Source: Bloomberg
© Scanpix/FP
Rubber futures for October settlement were lower by 1.7% to 259.2 Yen per kilogram on the Tokyo Commodity Exchange in the morning on Wednesday. Commodity futures lost 14% this year. The commodity slides as the Japanese Yen strengthened and China announced weaker than expected manufacturing industry data. Also, crude rubber stockpiles in Japan increased by 2% and reached 15,976 tons on 20th of April.
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Wed, 01 May 2013 10:21:03 GMT

Crop drops on speculation about U.S. harvest

Wheat futures for July settlement edged lower by 1.2% to $7.225 per one bushel on the Chicago Board of Trade in the morning of Singapore trading session on Wednesday. The commodity price increased by 5.6% in two previous sessions and today traders cashed in profit on speculation that rains will help winter wheat to recover in Kansas, the biggest U.S. grower.

Wed, 01 May 2013 11:37:03 GMT

Dow up amid improvement in consumer confidence

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