Coffee tumbled amid rising global supplies

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities declined during the last five trading days amid worries over ample global supplies and weak demand for US grains. Updated weather forecasts suggesting rains in Argentina and the US Great Plains also added pressure.

Wheat dropped as expectations for snow in the US Great Plains removed supply risk premium. However, wheat futures may climb on speculation that US farmers will harvest 3.5% less in 2013 even despite planting the most acres in four years.

Corn plunged as weather forecasts predict rains in Argentina that may boost drought-stricken harvest. Adding pressure, demand for US export remained weaker than expected in the week ended February 3.

Sugar dipped amid global oversupply concerns. However, the sweetener may be boosted by speculation that lower prices may attract more buyers at a time when Brazilian cane growers are likely to direct more cane to make ethanol.

Coffee was the top-loser as supply glut may be further exacerbated by lack of demand from end users. Rains in Brazil expected this week will be beneficial for coffee crops thus may further increase global production.
Back to articles

Actual Topics

Tue, 19 Feb 2013 11:03:04 GMT

Brazil stocks at 11-week low

Brazilian stock market closed in red for the fourth session in a row on Monday amid concerns over domestic economy. The survey conducted by the central bank of Brazil showed that the GDP is expected to rise 3.08% and 3.65% in 2013 and 2014, compared to estimates of 3.09% and 3.8% a week earlier. The Bovespa Index lost 0.50%

Tue, 19 Feb 2013 10:30:04 GMT

Heating oil dives despite colder weather forecasts

Energy futures apart from natural gas finished in red on Monday as market participants shunned riskier assets after weak US industrial production data released on Friday. Fears over deepening recession in the Eurozone also weighed. Restricting the downswing, JODI data showed Saudi Arabia's output reached a 19-month low of 9.03 million barrels per day in December. Crude oil moved lower amid

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.