Grain futures sharply lower on Friday

Source: Forexpros
US grain futures closed essentially lower on Friday following the US Department of Agriculture unexpectedly reported about higher stockpiles of corn and wheat. Corn futures dropped 8% during two sessions after the report release while wheat futures lost about 6%. High US Dollar also weighted down on the agricultural commodities' prices.
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Mon, 16 Jan 2012 07:58:01 GMT

Oil futures increased in electronic trade

Crude oil futures increased in electronic trade but stayed lower than $100 a barrel amid S&P credit downgrades and geopolitical tensions that may lead to supply disruptions. Light, sweet crude oil futures for delivery in February traded at $98.85 a barrel during Asian session, on the New York Mercantile Exchange, advancing 0.2%.

Mon, 16 Jan 2012 07:57:38 GMT

Euro remains weak; French bond auction in focus

The Euro remained weak against the US Dollar and the Yen amid growing fears over the spreading Euro Zone's crisis after S&P downgraded credit ratings of nine Euro Zone countries and anticipation of French bond auction. The Euro traded at $1.2645 at Asian trade as compared to $1.2677 in late Friday's American trading. The common currency traded at ¥97.13 today

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