Commodities News

Grain futures mixed, wheat rebounds from 14-month low

Grain futures were mixed on Monday ahead of USDAs WASDE and crop progress reports. Corn rebounded from a three-year low but remained on negative territory, while soybeans advanced. Wheat erased partially earlier daily losses after rebounding from a freshly hit 14-month low. On the Chicago Board of Trade, wheat futures for September delivery traded at […] Read more

Natural gas trims daily gains, mild weather in focus

Natural gas rose on Monday after settling Friday at the lowest level since February. Prices advanced as market players returned to the market for a round of bargain buying and some covered short bets. The fuel however trimmed its daily advance as weather forecasting models continued to point at mild temperatures across the lower 48 […] Read more

Gold rallies as SPDR assets surge, China en route to becoming top bullion consumer

Gold rose to the highest level in August as assets in the SPDR Gold Trust, the biggest bullion-backed ETP, expanded for the first time since June. Meanwhile increased demand for the precious metal in China has put the country back on track to becoming the worlds biggest consumer India, current top consumer, curbed imports to […] Read more

Oil fluctuates, U.S. data in focus

Oil prices swung between gains and losses on Monday after posting their biggest daily advance on Friday since August 1 and erased most of earlier weekly losses. Market players are looking ahead at key U.S. economic data due later this week to assess whether Fed might start scaling back its monetary easing program in September. […] Read more

Oil extends gains on supply disruptions and China data

Oil prices edged higher in the late European and early U.S. sessions amid supply disruptions in the North Sea and Libya and on signs the economy of second top consumer China is stabilizing. On the New York Mercantile Exchange, WTI crude for September delivery traded at $104.98 per barrel at 14:35 GMT, up 1.53% on […] Read more

Natural gas en route to weekly decline

Natural gas remained on positive territory most of the day but is still headed for a weekly decline as weather forecasting models continued to point at cooler-than-normal temperatures across key consuming areas, which would likely widen the stockpiles surplus over the five-year average. On the New York Mercantile Exchange, natural gas for delivery in September […] Read more

Grain futures mixed, soybeans gain on frost concern

Grain futures were mixed on Friday with corn declining, while wheat gained and soybeans advanced on concern over frost damage and increased U.S. exports. On the Chicago Board of Trade, soybeans for September delivery traded at $12.3638 a bushel at 9:40 GMT, up 0.71% on the day. Prices ranged between days high and low of […] Read more

Copper at 2-month high on China economic data

Copper advanced for a fourth straight day on Friday following overall positive China data, which boosted sentiment that the worlds top consumer of the red metal is in process of stabilizing its economic activity. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.272 a pound at […] Read more

Gold steady with QE outlook in focus

Gold swung between gains and losses but hovered around its previous closing price on Friday after the metal posted its biggest daily advance since two weeks yesterday as the U.S. Department of Labor reported more people had filed for initial unemployment benefits last week. However, the precious metal remained pressured on Friday as market players […] Read more

Oil snaps five days of losses on China data, QE outlook in focus

West Texas Intermediate snapped a five-day losing streak, the longest since December, after China released overall positive economic data, which coupled with yesterdays surprisingly upbeat trade figures helped push oil higher. Gains however remained limited on speculation the Federal Reserve might scale back its bond purchasing program as early as next month, which would hurt […] Read more