Rural commodities mixed on improved crop condiitions in the US

Source: Dukascopy Bank
Agricultural commodities were mixed on Wednesday with growing sugar and wheat futures and falling corn and coffee. Rural commodes were pressured by the higher US Dollar and bleaker outlook on China's economy. Moreover, favorable weather conditions in the US also pushed the commodity group lower. Corn futures lost 0.67% on Wednesday as traders cashed out form the market due to high corn prices after Argentina delayed granting corn export permits until April. Wheat was almost unchanged over the day balancing between growing soybean prices and falling corn futures. Sugar was the top-performer despite expected ample supplies. Meanwhile, coffee price approached almost 17-month low along with nearing Brazilian harvest.


Back to articles

Actual Topics

Fri, 16 Mar 2012 07:01:17 GMT

Unemployment claims in US decline to 4-year low

The number of applications for unemployment benefits fell last week to four-year low while consumer confidence climbed to highest level since 2008 stimulating expectations recovering labour market may encourage household spending. Jobless claims decreased by 14 000 to 351 000 through week ended March 10 said Labor Department on Thursday. Consumer confidence index surged from minus 36.7 to minus 33.7.

Thu, 15 Mar 2012 20:08:40 GMT

Crude and Brent oil moved lower in Wednesday despite supply concerns

Energy markets inched down on Wednesday on the appreciating US Dollar and signs of stagnating China's economy. China's PM reported on Wednesday that the country will stick to its prudent property policies and will target more modest growth. Moreover, higher than expected US crude oil inventories added to losses of the crude oil. However, escalated supply concerns after OPEC cut

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.