Sugar slumped ahead of Brazilian crop report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Rural commodities were mixed on Thursday, with wheat and coffee advancing and corn and sugar declining. Broadly stronger greenback and deteriorating global economic outlook pushed farm commodities lower. At the same time, fears that global supplies may tighten further due to unfavorable weather conditions lent support for the commodity group.

Wheat jumped on worries that drought in the US will weight on global supplies after dry weather in Australia and Russia cut crops. Meanwhile, investors awaited the USDA monthly report on global grain supplies due on Friday.

Corn dropped as support from hopes for better substitution demand appeared to be short-lived. Solid greenback and weak export demand pressurized the commodity futures.

Sugar plunged to nine-week low as investors became increasingly cautious ahead of the Brazilian crop update due on Friday.

Coffee climbed despite expectations for ample global supplies as concerns over crops in Brazil eased.
Back to articles

Actual Topics

Fri, 09 Nov 2012 11:33:26 GMT

Loonie fell below parity versus greenback on Euro debt crisis

The Canadian Dollar fell below parity versus the U.S. Dollar on concern the Eurozone's debt crisis may deepen as officials said they will postpone decision on Greece bailout package. The loonie weakened 0.4% to C$1.0003 per U.S. Dollar after declining yesterday the most in 3 weeks. Canada's Dollar last fell below parity November 1 after Hurricane Sandy closed equity markets.

Fri, 09 Nov 2012 11:11:26 GMT

Natural gas moved higher after US inventory data

Energy futures except for heating oil were bullish on Thursday after the release of upbeat US data. Moreover, the commodity group was supported by the previous day's sharp drop as lower prices created bottom fishing opportunities for investors. However, rising US inventories coupled with bleak demand outlook limited gains.Crude oil climbed after the US data showed that unemployment claims declined

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.