Coffee soars on leaf rust concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Rural commodities except for coffee retreated on Thursday despite improved risk-appetite among investors after upbeat US data. Grains dropped even despite supportive USDA weekly report. At the same time, concerns over ample global supplies continued to weight on softs.

Wheat halted its rally despite bullish reading of the USDA report on weekly export sales. US sold more than 570,000 tonnes of wheat last week.

Corn retreated despite improved demand for US supplies. US corn exports reached 393,000 tonnes, the second highest level in 2012-13. Corn came under heavy pressure after the US Energy Department reported US ethanol production tumbled to the lowest mark since June 2010.

Sugar extended losses on global supply surplus and a potential drop in demand from South Africa and Russia.

Coffee was the only gainer, surging the most in four sessions on lingering concerns that a coffee crops disease will cut output in Central America.  Coffee production in Guatemala, Nicaragua and Costa Rica is likely to decline in 2013 given spreading coffee leaf rust.


Back to articles

Actual Topics

Fri, 18 Jan 2013 11:25:03 GMT

China's equity advances on increased growth

The Shanghai Composite Index was higher by 1.4% to 2,317.07 points on the Asian trading session on Friday, extending the weekly gains to 3.3%. That was the largest weekly increase this year, as the domestic data showed better-than-expected economic growth in the fourth quarter. The GDP increased by 7.9% in Q4 and retail sales surged by 15.2% in December.

Fri, 18 Jan 2013 09:35:04 GMT

Heating oil jumps on upbeat US data, weaker greenback

Energy futures were bullish on Thursday on positive US housing and employment data. US jobless claims dropped more than expected last week while housing starts soared by 12.1% in December, beating forecasts of a 4.6% increase. Crude oil continued to gain inspiration from falling US inventories. The EIA reported on Wednesday that US stockpiles dropped by 0.9 million barrels compared

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.