Wheat slides ahead of weekly USDA report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Rural commodities except for corn retreated on Thursday on expectations of a decline in the US grain exports. Meanwhile, ample global supplies weighed on softs. Solid greenback and better weather conditions in the US also pushed farm commodities lower.

Wheat declined on easing concerns over persistent drought in the US Great Plains. Experts predict the US winter wheat area to witness some moisture this weekend. Moreover, expectations that US exports dropped by over 13% year on year in the period between June 1 and January 10 pressurized wheat futures.

Corn was the only gainer after the data showed US ethanol production rose by eight barrels per day to 792,000 last week. However, the upswing was limited by speculation that the upcoming USDA report will show a decline in export sales.

Sugar edged lower after estimates indicated US domestic supply glut reached a ten-year high. Stocks approached 2.2 million short tonnes, the most since 2000.

Coffee declined to a two-week low on a potential increase in supplies from Brazil. Brazilian farmers sold only 60% of the current year's harvest by December 31 compared with 76% a year earlier, reported Cecafe
Back to articles

Actual Topics

Fri, 25 Jan 2013 09:45:04 GMT

Dow climbs on better-than-expected earnings

Most U.S. blue chips advanced, sending higher the Dow Jones Industrial Average after better than expected jobless data was posted and companies mostly reported corporate earnings that beat the estimates. The Dow Jones Industrial Average surged 0.3%, or 46 points, to 13,825.33. Only three out of nine groups declined with telecommunications pairing biggest losses caused by Verizon Communications

Fri, 25 Jan 2013 10:30:12 GMT

Crude oil climbs despite bearish EIA supply data

Energy futures except for natural gas were bullish after a release of the EIA inventory report. The market sentiment was further boosted by better-than-expected flash PMI readings in the US, China and Europe. Crude oil rose despite larger-than-expected increase in the US inventories. The EIA reported US stockpiles climbed by 2.8 million barrels last week versus an expected 1.9-million-barrel jump. Brent

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.