Coffee declined as crop prospects improved

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Source: Dukascopy Bank
Rural commodities, except for sugar, were lower on Wednesday along with stronger US Dollar and softer global equities. Wheat was the top-loser, declining for the second time as output in Southern US Great Plants is likely to soar on favorable weather.  Moreover, the EU forecast predicted rains after dry weather that is expected to boost crops. Corn's tumble was capped as South Korean demand remained strong. Meanwhile, sugar caught momentum as Mexico's sweetener production slumped by 11% this season while bulk consumers showed interest in the commodity. Coffee was strongly pressured as supplies from Brazil and Vietnam are likely to improve. Traders were cautious ahead of Brazilian coffee harvest that starts in May.


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Fri, 06 Apr 2012 05:59:30 GMT

Swiss CPI added 0.6% in March

Swiss consumer prices decreased 1.0% in March compared to similar period previous year and added 0.6% on monthly basis,  the Federal Statistics Office reported on Thursday. Analysts predicted the monthly inflation to climb at slower pace and attain only 0.4% advance. Monthly core inflation which excludes most volatile items such as fuel was negative at minus 1.2% in March.

Thu, 05 Apr 2012 17:53:32 GMT

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