Corn edged up despite better weather in Argentina

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities were mixed on Thursday amid weak risk appetite after dismal data from the US and Japan. Signs of soft demand for US exports and improving weather conditions in Argentina also pressurized the commodity complex.

Wheat was the top-loser after the USDA report signaled US export sales tumbled 40% in the week ended January 24 compared to the previous week. Limiting the downswing, the USDA now expects Argentina's crop to reach 11 million tonnes compared to Argentina's government estimate of 15.45 million tonnes.

Corn inched up despite weak US export data. Corn exports approached 252,000 tonnes, the lower range of analysts' forecasts. Adding pressure, Argentine is expected to witness rains that may improve prospects for drought-stricken crops.

Sugar advanced on speculation the sweetener's output may fall for the first time since 2009 as farmers across the globe reduce plantings after the largest price decline since 1999. Global output is likely to attain 165 million metric tonnes in 2013-14, compared to 172.3 million metric tonnes in 2012-13.

Coffee declined despite concerns over spreading coffee leaf rust in Central America.
Back to articles

Actual Topics

Fri, 01 Feb 2013 14:01:04 GMT

Asian equity fluctuates after China data

The MSCI Asia Pacific Index was lower by 0.2% to 132.99 points by midday Tokyo trading session on Friday. The area's benchmark increased by 1% this week and was traded at the highest point since August, 2011. Today market traded negatively as the data from China's manufacturing sector indicated unexpected contraction. Also, market waits a report on the U.S. jobless

Fri, 01 Feb 2013 14:50:06 GMT

Gold falls ahead U.S. job data

Spot gold price edged lower by 0.2% to $1.660.45 an ounce in Singapore trading session on Friday. Gold price extended the longest streak of monthly losses in last nine months, as the price decreased by 0.7% in January. Investors traded precious metal with negative sentiments ahead a U.S. jobless report, which according to expectations, should indicate an improvement of unemployment

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.