Coffee boosted by expectation for stronger demand

Note: This section contains information in English only.
Source: Dukascopy Bank
Agricultural commodities were volatile on Thursday as traders expected USDA report on the world crop estimates.

Wheat rose as USDA lowered its forecast for the US stockpiles in the end of this season as exports are likely to increase.

Corn was the only loser after USDA added a billion bushels to the total world's output estimate as US production is likely to rocket this year.

Sugar was marginally higher as Brazilian crops may be lower after Brazilian government failed to revive the sweetener's planting because of drop in overseas loans.

Coffee was top-performer, raising the most in more than a week on speculation that global demand will continue to increase despite slowing growth in the Euro Zone. Global coffee consumption is expected to gain 2% in the current marketing season.


Back to articles

Actual Topics

Fri, 11 May 2012 18:06:13 GMT

Oil reaches USD 112 per barrel

After China's, which is the worlds second largest economy and oil consumer, report on industrial growth oil price fell to USD 112 a barrel. China's industrial output in April grew the lowest in almost three years. Such news raised a lot of concerns about China's industrial prospects in the nearest future and Brent June oil future contract dropped to USD

Fri, 11 May 2012 17:44:12 GMT

Natural gas rallied after US supply data

Energy markets balanced between easing concerns over the turmoil in the Euro Zone and increase OPEC output.Crude oil climbed after the US released optimistic job market data and OPEC raised its global oil demand forecast by almost 4%.Brent oil declined as removed risk-premium after talks between Iran and six major economies started to progress continued to block any upswing in

Subscribe to "Fundamental Analysis" feed

Souscrire
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.