Coffee declined as crop prospects improved

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Source: Dukascopy Bank
Rural commodities, except for sugar, were lower on Wednesday along with stronger US Dollar and softer global equities. Wheat was the top-loser, declining for the second time as output in Southern US Great Plants is likely to soar on favorable weather.  Moreover, the EU forecast predicted rains after dry weather that is expected to boost crops. Corn's tumble was capped as South Korean demand remained strong. Meanwhile, sugar caught momentum as Mexico's sweetener production slumped by 11% this season while bulk consumers showed interest in the commodity. Coffee was strongly pressured as supplies from Brazil and Vietnam are likely to improve. Traders were cautious ahead of Brazilian coffee harvest that starts in May.


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Fri, 06 Apr 2012 05:59:30 GMT

Swiss CPI added 0.6% in March

Swiss consumer prices decreased 1.0% in March compared to similar period previous year and added 0.6% on monthly basis,  the Federal Statistics Office reported on Thursday. Analysts predicted the monthly inflation to climb at slower pace and attain only 0.4% advance. Monthly core inflation which excludes most volatile items such as fuel was negative at minus 1.2% in March.

Thu, 05 Apr 2012 17:53:32 GMT

Energy commodities fell after EIA report

Energy commodities fell on Wednesday amid firmer US Dollar and EIA report on the US crude oil inventories. The EIA announced a 9 billion barrel increase in the US inventories. Spain and Italy's bond auctions that faced weak demand and rising yields also added to the negative mood of the commodity pack as the Euro Zone's economic activity may slump

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