Wheat retreated as US weather conditions may improve

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Rural commodities mostly retreated from recent highs on Friday as weather conditions are likely to improve in the US.

Wheat was the top-loser after AccuWeather reported that temperatures in the US are expected to decrease in the next days. Cooler weather is likely to boost crop prospects in the country.

Corn retreated from the nine-month high as exports demand started to slow in view of high prices and availability of substitutes.

Sugar was the only gainer as sweetener's supplies are expected to remain restricted after rainfalls in Brazil that harmed harvest.

Coffee dropped after Colombia announced that its output grew 52% on monthly basis in June. Moreover, Indian coffee crops may hit record high next year, potentially boosting exports.


Back to articles

Actual Topics

Mon, 09 Jul 2012 18:30:53 GMT

S&P 500 declined after US jobs report on Friday

US stocks slid on Friday after news about dismal performance of the US labour market last month. The data spurred risk-aversion among investors as it may signal stagnation of the world's largest economy. From another side of the Atlantics headlines were also disappointing as borrowing costs of peripheral countries of the single currency union rose again. S&P 500 declined by

Mon, 09 Jul 2012 18:08:52 GMT

Brent oil declined despite supply uncertainties

Energy commodities declined on Friday on rallying greenback and persistent demand concerns. US economic data continued to disappoint, with US non-farm payrolls growing less than expected in June and services sector's weakening.Crude oil futures decreased on sentiment that US economy is stagnating thus pressurizing energy demand of the world's largest economy.Brent oil followed bearish trend on demand worries. However, supply

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.