Euro continues tumbling

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Source: Marketwatch

The Euro continued to tumble against the US Dollar even after crossing a $1.30 border. The euro fell to $1.2978 from $1.3026 in the late US trading yesterday. The Euro started to tumble after Italy sold 3 billion euros of bonds maturing in five years with record high yields of 6.47%. During the year the Euro decreased by 3% against the USD.

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Wed, 14 Dec 2011 16:29:28 GMT

Cotton futures touch 16-month low

Cotton futures fell to 16-month low as the growing concerns over the euro-zone put investors off risky assets. On the ICE Futures U.S. Exchange, cotton futures for delivery in March traded at USD0.8624 a pound at the European afternoon trade, declining by 1.23% since opening.

Wed, 14 Dec 2011 16:26:41 GMT

Corn futures move higher

Corn futures increased on the poor weather conditions in South America which in turn increased worriers over the commodity supplies from the second and third biggest corn producers. On the Chicago Mercantile Exchange, corn futures for delivery in March traded at USD5.9662 a bushel at the early European trade, adding 0.41% since opening.

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