Wheat surged after the USDA crops condition report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Farm commodities apart from coffee rose as investors were focused on the US elections. Broadly weaker greenback coupled with record low US crop ratings created strong upward pressure on rural commodities.

Wheat jumped after the USDA reported that only 39% of the US winter wheat crop was rated in ‘excellent' and ‘good' condition, a record low for this per5iod of the year.

Corn moved higher, supported by weaker US Dollar. However, the US harvesting nears completion, thus easing supply shortage in the market.

Sugar inched up ahead a release of the closely watched report on Brazilian supplies due on Friday. Last month, Unica reported that Brazil's Center South-region's crop soared 57% in the first half of October, creating heavy pressure on the sweeper's price.

Coffee was the only loser as speculation that global supplies will be ample next year continued to weight down on the commodity futures.


Back to articles

Actual Topics

Wed, 07 Nov 2012 14:41:20 GMT

Treasuries gain after Barack Obama re-elected

Treasuries reached their highest level in 11 weeks, as president Barack Obama was re-elected for a second term. Yield on the 10-year treasury tumbled 10 basis points to 1.65%, while government bonds rebounded to 1.81% in 2012. The government securities have gained around 14% since the President Barack Obama took leadership. Meanwhile, yield on two-year Treasury notes lost 3 basis points and touched its lowest

Wed, 07 Nov 2012 14:08:20 GMT

Crude oil rocketed ahead of the EIA report

Energy futures soared on Tuesday on the US easing speculation and bottom fishing. However, the upswing was capped as refineries in the US Northeast are not expected to return to pre-hurricane production levels soon. Meanwhile, traders also remained focused on the EIA inventory report due on Wednesday.Crude oil skyrocketed as market turned bullish on the US presidential election day. Meanwhile,

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.