Coffee rallies amid index funds' rebalancing

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities jumped on Friday after closely-watched USDA global supply report showed a fall in the US grain inventories after the worst drought since the 1930s. Meanwhile, ongoing index funds' rebalancing sent softs higher. Soft US Dollar also was supportive for rural commodities.

Wheat gained after the USDA slashed its forecast for US reserves for the end of the current marketing year on May 31 by 5%. US wheat stocks are now expected to reach a four-year low of 716 million bushels.

Corn rose after the USDA reduced its estimate for US inventories. The forecast of the US stocks was lowered by 45 million bushels to the lowest level in 17 years. Moreover, US consumption was hiked by 300 million bushels. However, gains were partly offset as the USDA predicted US exports were likely to hit a 41-year low in 2012-13.

Sugar and Coffee continued their winning streak on ongoing index funds' reweighting and weak US Dollar. However, ample global supplies due to large South American harvest capped gains of softs.


Back to articles

Actual Topics

Mon, 14 Jan 2013 09:39:32 GMT

GBP/USD fluctuates around the 20-day SMA

The Cable fluctuates around the 20-day SMA for a third session, as the price sharply surged from the lower Bollinger band last week.

Mon, 14 Jan 2013 11:47:05 GMT

Asian stocks appreciate leading by Chinese equity

The MSCI Asia Pacific excluding Japan index was higher by 0.3% to 477.41 points in the midday time in Hong Kong trading session on Monday. Stocks in Asia, excluding Japan equity, was increasing for a third day out of four leading by Chinese shares. The China's Shanghai Composite index was up by 2.4%, as market was driven by positive speculation,

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.