Wheat dips ahead of USDA monthly supply report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities, excluding corn, finished Tuesday's session in the red territory, being pressured by solid US Dollar. Increased caution ahead of the USDA monthly report on global supplies also weighed on rural commodities.

Wheat edged lower ahead of the key USDA report due on Friday. However, the grain may seek support on US winter crop concerns and lower Argentina's harvest. Argentina's northeastern province of Entre Rios lost about 50% of its wheat harvest because of heavy rainfalls.

Corn was the only gainer, advancing for the second consecutive session on speculation that the USDA is likely to cut its harvest forecast due to severe drought last year.

Sugar dropped amid oversupply on the market. However, index funds' rebalancing may provide support in the next sessions.

Coffee tumbled as investors turned to ample supplies from the world's the top and the second biggest producers, Brazil and Colombia. Brazilian Arabica coffee production.
Back to articles

Actual Topics

Wed, 09 Jan 2013 13:45:04 GMT

Asian shares rise, halting 2-day retreat

Asian shares rose, snapping two days of losses, as Japan's Nikkei 225 Stocks Average reversed 1% losses after the Yen fell. The MSCI Asia Pacific Index added 0.4% to 131.28. Australia's S&P/ASX 200 Index climbed 0.4% and Hong Kong's Hang Seng Index climbed 0.2%, whereas China's Shanghai Composite Index slid 0.6% and South Korea's Kospi Index slipped 0.3%.

Wed, 09 Jan 2013 13:01:08 GMT

Crude oil slides as investors bet on increase in US stocks

Energy futures were mixed on Tuesday amid expectations of the US inventory buildup this week. Firmness of the US Dollar and dismal economic reports from the Eurozone also pushed energy prices lower. Moreover, concerns over looming debt limit dispute in the US added to losses of the commodity group.Crude oil eased as investors bet on an increase in the US

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.