Rural commodities rose on Thursday amid Brazilian crops uncertainty

Note: This section contains information in English only.
Source: Dukascopy Bank
Rural commodities apart from coffee advanced on Thursday on the talks over Brazilian crops. Grains were mostly lifted by the fears that favorable US weather may soon deteriorate, impacting the plantings. Wheat also caught momentum on stronger export and growing concerns over the EU, North African and Russian harvest. Moreover, unexpected surge in Tunisian and Moroccan imports because of dry weather also lent support to the wheat futures. Corn was bolstered by the increase in Japan's purchases and lower Argentina's crops. Sugar despite being pressured by the ample global supply managed to climb as Brazil delayed sugar processing amid dry weather. At the same time, coffee continued to swing on the tightening of the Colombian output and expectations for Brazilian crops.


Back to articles

Actual Topics

Fri, 23 Mar 2012 13:49:45 GMT

FTSE 100 extends loss on Friday

British FTSE 100 extended drop on Friday as miners and banks kept pushing index lower. Additionally data showed UK mortgage approvals declined more than expected in February. Randgold Resources fell 5% and Rio Tinto shed 1.4%. Royal Bank of Scotland Group lost 1% and HSBC Holdings slipped 1.2%. On the upside BT group rallied 6% on news telecom company finally

Fri, 23 Mar 2012 15:32:50 GMT

Base metals slumped on Thursday after EU PMI data

Industry metals tumbled on Thursday amid stronger US Dollar and weaker equities. The strongest downward pressure on the commodity pack was created by weak PMI releases from the EU and China. Improving manufacturing activity in the US failed to limit the losses. Alumnium and copper were the top-losers, showing high sensitivity to the economic conditions in the EU and China.

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.