Wheat depreciates for a second day on signs that supplies increase

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Source: Bloomberg
Wheat futures for May settlement were lower by 1.4% to $7.175 per one bushel on the Chicago Board of Trade during Singapore trading session on Monday. Volume was more than twice bigger than the 100-day SMA. Investors traded on speculations that supply from Russia and the EU will increase. Also, Cyprus problems put a pressure on commodities to step lower.
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Mon, 18 Mar 2013 12:13:10 GMT

Gold advances on Cyprus problems

Gold immediate delivery price was higher by 0.3% to $1,596.95 in the beginning of Singapore trading session on Monday. Previously the price jumped 1.1% to $1,608.60 and the commodity was the most expensive since 27th of February. Cyprus problems pushed gold to a $1,600 benchmark, but physical purchasing, which was supporting gold's price in recent weeks, disappeared at these levels.

Mon, 18 Mar 2013 13:19:06 GMT

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