Coffee jumps amid strikes in Santos, spreading leaf rust

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities were mixed on Friday, with softs advancing and grains sliding. Pushing the commodity group higher, port workers began a strike in Brazil, stopping a loading of sugar and corn onto boats in Santos. However, improving weather conditions in the US Great Plains as well as bearish USDA report put heavy selling pressure on grains.

Wheat plunged on hopes that long-awaited snow in the US Great Plains will boost harvest of winter varieties. Supporting wheat prices, the International Grain Council and the USDA do not expect a significant rebound in global stocks even despite forecasts for a sharp improvement in global crops in 2013-14.

Corn slid after the USDA said it now expects stocks in 2013-14 to be bigger than originally predicted. Corn inventories may be even bigger if the International Grains Council proves correct and US farmers plant 99 million acres in 2013-14, compared to 86.5 million acres predicted by the USDA.

Sugar and Coffee surged on concerns over strikes in Brazil. Coffee also found support on worries that coffee leaf rust may hit Central American harvest. However, gains were limited amid forecasts for ample global supplies this year.
Back to articles

Actual Topics

Mon, 25 Feb 2013 10:57:07 GMT

Yen Fell to 3-Year Low on BOJ New Governor

The Yen depreciated to the weakest since May 2010 as Japan's government decrease number of candidates for the position of the Bank of Japan governor. The Yen weakened versus all its main counterparts on concerns Shinzo Abe, Lapar Prime Minister, will nominate Huriko Kurodo, the president of Asian Development Bank, for BOJ governor. The Asian currency dropped 0.9% versus the U.S. Dollar to 94.21 per Dollar

Mon, 25 Feb 2013 10:13:07 GMT

Heating oil climbs as US stockpiles decline

Energy futures rallied on Friday as a recent decline in prices spurred bargain- hunting. However, solid greenback and escalated worries over the health of the Eurozone's banking sector continued to push the commodity group lower.Crude and Brent oil bounced off as market players were seeking cheap valuations after prices sagged to a seven-week low. At the same time, a surge

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.