The price of sugar gained through Tuesday’s trading, then fell precipituously in the last hours. After opening around 19.8 cents per pound, the sweetener climbed as high as 20.1 cents per pound before crashing down to just 19.76 cents. Some concern stemmed from the possibility of lower-than-expected supplies in Brazil, the world’s largest producer of… Read more.
Coffee futures climbed on Monday, reflecting traders’ nervousness about the supply of high-quality arabica beans, according to the Wall Street Journal. The largest source of these beans is Colombia, and that nation’s harvest won’t reach the market until November and December. Farther south, Brazil is looking at a bumper first crop, but the second crop… Read more.
Stock index futures fell as traders processed news that American personal incomes failed to meet estimates in the last month, as consumers struggle with the weight of their debts and the threat of unemployment. For the first time since January, the government reported, disposable personal income fell after being adjusted for inflation. Dow Jones Industrial… Read more.
Investors are clearly wary of any further economic setbacks this week, in light of Wednesday stock futures that were once again trending firmly downward. In mid-morning trading on Wednesday, stock futures on the Dow Jones Industrial Average were down by a relatively modest 32 points to 9,991 – which also happens to be just below… Read more.
A dour mood among investors carried over into Tuesday’s stock futures, which were down to varying degrees in many parts of the world. Stock futures on the Dow Jones Industrial Average were down 102 points on Tuesday morning, while the NASDAQ 100 was down 30.50. Some of the decline in investor sentiment may due to… Read more.
Futures on all of the world’s major stock indexes dropped on Friday morning, indicating that the markets would likely finish off the week in a disappointing fashion. Investors are still reeling from the unexpected surge in U.S. unemployment that was announced yesterday, in addition to the slump in the Philadelphia Federal Reserve Bank’s Mid-Atlantic manufacturing… Read more.
Initial jobless claims jumped by 12,000 to a total of 500,000 in the week ending on August 14, far higher than even the most pessimistic estimates of analysts. That left the four-week moving average at 482,500, up 8,000 from last week’s figure. Though stock index futures were initially flat, equities quickly gave up over 1… Read more.
The price of sugar fell and then rebounded on Wednesday, reflecting the influence of commodity futures brokers and traders following technical indicators, Bloomberg News reported. “There’s some technical selling,” said Boyd Cruel, a senior analyst at Vision Financial Markets, told the news service. “Funds and speculators are holding a large long position. They may start… Read more.
The price of sugar jumped on Tuesday, while other soft commodities fell in the day’s trading. Pakistan may be forced to import raw sugar, the nation’s industries ministry said, rather than buying expensive white sugar. Pakistan has been devastated by lethal, destructive floods which have killed over 2,000 people, displaced 20 million people and flooded… Read more.