Rural commodities were up on dry weather in South America

Source: Dukascopy Bank
Rural commodities were mostly higher on Thursday amid broadly weaker US Dollar and adverse weather conditions in South America. Sugar, the top performer, approached almost three-month high on the lingering concerns over the Brazilian crop. Moreover, institutional investors and hedge funds showed increased interest in sugar buying. At the same time, wheat lost momentum created due to stronger China's demand for US grains. Corn posted slight gains but the upswing is likely to be capped as USDA warned of corn prices to tumble below 5 US Dollars per bushel on the record high harvest. Coffee inched up by 0.1 after touching 15-month low on Wednesday amid speculation of record coffee crops in Brazil.


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Mon, 27 Feb 2012 07:07:43 GMT

Gillard wins Rudd in Australia leadership ballot

Australia's premier Julia Gillard won her predecessor Kevin Rudd in a leadership vote and remained the head of ruling Labour party. Gillard gained 71 votes compared to 31 in favour of Rudd's, said party representative Chris Hayes. Rudd claimed he accepts the outcome and will support current PM. 

Fri, 24 Feb 2012 16:56:28 GMT

Crude and Brent oil moved up on supply concerns

Energy pack, excluding natural gas, continued to post strong gains amid escalated supply disruption concerns due to geopolitical tensions between Iran and Western economies. Weaker US Dollar and stronger equities also contributed to gains of the commodity group. Crude oil edged up even despite buildup in the US and dismal economic perspectives for the Euro Zone. Following crude oil jump,

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