Corn slid further on soft demand for US supplies

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities apart from coffee were bearish on Friday amid soft demand for US exports and firm greenback. Meanwhile, traders anticipated US crop progress report due on Monday and World Demand and Supply Report due on Tuesday.

Wheat dropped on falling US exports due to availability of cheaper supplies from Ukraine and Russia. Solid greenback and corn weakness also pushed wheat futures lower.

Corn was the top-loser amid sluggish demand for US grains. Corn prices were declining for the second day in a row after the USDA reported a 78% fall in US corn exports in the week ended November 29 from a week earlier.

Sugar prolonged its slump on expectations for a record surplus this year due to rising production in Brazil and India.

Coffee was the only gainer, being supported by the record extend of short positions on the market that raised a risk of short-covering.


Back to articles

Actual Topics

Mon, 10 Dec 2012 15:53:49 GMT

Greece extends buyback deadline on December 11

The Greece's debt buyback was extended by one day from the earlier last Friday deadline to the new deadline set on December 11, in order to meet the buyback target of 30 billion euro as a precondition of the country's creditors to approve the next financial package for the debt-burdened economy. Media in Greece reported the country received 27 billion

Mon, 10 Dec 2012 16:06:09 GMT

Brent oil flat amid solid greenback, weak European numbers

Energy futures traded lower on Friday, weighted down by disappointing US preliminary consumer confidence reading for November and strong US Dollar. Adding to the negative mood of the commodity group, industrial production in the UK and Germany was weaker-than-expected last month. However, speculation that the Fed will stick to its ultra-easy policies limited losses of the commodity group.Crude oil retreated

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.