Corn rallied on adverse US weather

Note: This section contains information in English only.
Source: Dukascopy Bank
Agricultural commodities were mixed on Friday as US weather remains abnormally hot while sugar and coffee supplies are rising.

Wheat rallied for six consecutive sessions, approaching eight-month high as exceptionally hot temperatures in the main grain-growing regions in the US and Russia may harm crops.

Corn followed wheat's suit, gaining 1.68% as dry and hot weather in the US slows development of crops. Moreover, Argentina has revised down this year crop estimates, providing additional spree for the commodity.

Sugar fell as speculation that supplies may outplace demand impacted the sweetener's price.

Coffee declined after reports that Latin American coffee exports rose by 4.5% in April.
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Mon, 21 May 2012 15:44:40 GMT

New regulations for Colombia's banks

Last Friday the government of Colombia stated that it is going to influence a number of national banks in order to hold over higher reserves on every new consumer loan, because of an unexpected increase in past-due credits and signs the economy is overheating. Juan Carlos Echeverry, Financial Minister of Columbia, has no doubt that new regulations will not only stabilise

Mon, 21 May 2012 15:55:40 GMT

Brent oil slid ahead of G8 summit

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