Corn drops as U.S. government may raise production estimates

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Source: Bloomberg
Corn traded in Chicago declined on Friday falling for an eight day and traded close to its lowest level in three years amid speculations that the U.S. government may raise its production estimate in today's USDA report. Corn for delivery in two months slipped 0.2% to $4.195 a bushel and traded at $4.20 as of 1:53 p.m. Singapore time.

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Fri, 08 Nov 2013 12:40:04 GMT

Copper is likely to rise next week on China's demand

Copper is set to increase next week according to a survey released by the Bloomberg News with eighteen bullish analysts compared to seven bearish and seven natural, suggesting that the prices may grow on stronger demand from the largest buyer China. Copper has declined 9.8% to $7,155 a metric ton on London Metal Exchange this year.

Fri, 08 Nov 2013 12:18:20 GMT

Gold rises as U.S. GDP is forecast to accelerate

Gold gained on Friday trimming its second weekly fall before a government data showed that payrolls in the U.S. declined in October, but the U.S. GDP grew faster suggesting that the Federal Reserve may scale back its stimulus sooner than expected. Bullion for delivery in November advanced 0.3% to #1,311.13 an ounce and traded at $1,310.18 as of 2:20 p.m.

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