Wheat jumps despite easing US crop concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities were divided on Wednesday, with sugar and wheat moving higher and coffee and corn declining. Broadly stronger greenback and expectations that upcoming USDA report will show a drop in grains exports pushed the commodity complex lower.

Wheat ended on the positive note on hopes for better demand for US exports. Iraq and Bangladesh are seeking to buy 50,000 tonnes of wheat each. However, the upswing was capped as snow across the US central Plains improved crop conditions.

Corn slumped as experts predict a decline in the US corn exports last week. At the same time, the downward trend was limited as US ethanol output surged 15,000 barrels per day last week, beating analysts' expectations.

Sugar advanced ahead of options expiry later in the week. However, ample global supplies continued weigh on the sweetener. The price may drop below 18 cents per pound amid record cane crops in Brazil, reported F.O. Licht.

Coffee re-approached the lowest level since June 2010 amid lack of end user buying and global supply glut.
Back to articles

Actual Topics

Thu, 14 Feb 2013 11:47:19 GMT

Shrink in German economy in fourth quarter exceeds forecasts

After exports fell, Germany, the largest Europe's economy contracted more than predictions of economists, with GDP plummeting 0.6% compared to the 3rd quarter, when it advanced 0.2%. There was also seen a significant decline in the Italian and French economies in the fourth quarter, where GDP dropped 0.9% and 0.3% respectively. "The figures released in individual member states so far suggest

Thu, 14 Feb 2013 10:46:03 GMT

Crude oil bearish after EIA report, OPEC demand outlook raise

Energy futures were mixed on Wednesday after bullish EIA crude oil inventory report. Sending energy futures higher, the OPEC hiked its global demand outlook for 2013 by 100,000 barrels per day. However, strong US Dollar created notable pressure on the commodity group. Crude oil retreated despite much smaller-than-expected increase in the US crude oil stockpiles last week. The EIA reported

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.