Wheat price soared amid US crops concerns

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Source: Dukascopy Bank
Rural commodities were mixed on Monday with growing wheat and coffee prices and declining corn and sugar futures. Agricultural commodities as all commodity markets were backed up after Ben Bernanke reported that the US central bank would maintain low interest rates and may provide additional monetary stimulus to increase hiring. Wheat, the top-gainer, was spurred as colder weather in the US may hurt wither crops. At the same time corn came under pressure on the speculation that the US farmers are going to plant the most acres since 1994. Sugar continued its downswing as India allowed more sugar exports. Further, coffee rose ahead of the Brazilian harvest as global coffee stockpiles dropped to a record low level.


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Wed, 28 Mar 2012 05:20:02 GMT

British notes climb on BoE bond purchase speculation

UK bills advanced on Tuesday fuelled by investor speculations Bank of England may expand asset purchases to stimulate economic recovery. The borrowing costs on 10-year benchmark gilts slipped 7 basis points to 2.26%. British pound strengthened 0.2% against Euro to GBP 0.8351. The Sterling was little changed against greenback at USD 1.5971.

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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