Reduced demand pulled down hog futures on Monday as the livestock reversed three consecutive trade sessions of gains, according to Bloomberg. Stronger weather systems during the past 180 days have warded away many consumers from grocery stores, such as heavy snowfall in Boston and Hurricane Sandy along the Eastern Seaboard in October of last year,… Read more.
Indications about the possibility of droopy prices driving demand for U.S. supplies pushed up the price of corn futures on Tuesday, Bloomberg reports. Also benefiting the grain was economic data indicating inspections at ports in the U.S., the globe's biggest grower, surged 49 percent for week-ended October 25 to amount to 15.5 million bushels, according… Read more.
Preoccupations about the pace of global development pulled copper futures to their lowest value since early September on Monday, according to Reuters. Despite stronger than anticipated third-quarter growth in the U.S., host of the globe's largest economic system, the reddish metal suffered from decreases to risk appetite. Trading and deal-making were projected to slow down… Read more.
Oranges, grown on trees, are widely cultivated in tropical and subtropical climates for the sweet fruit. Oranges are peeled or cut (to avoid the bitter rind) and eaten whole, or processed to extract orange juice, and also for the fragrant peel.
The weather phenomenon hovering in the Pacific Ocean and wreaking havoc on crops throughout the world is likely to dissipate this spring, according to the U.S. Climate Prediction Center. Bloomberg reports La Niña, which cools weather throughout the globe, will continue influencing temperatures in the U.S. and rainfall through April, according to the arm of… Read more.
Inclement weather and the presence of a fungicide pushed orange-juice futures to their sharpest climb since 2007, according to published reports. Citrus groves in Florida endured large amounts of damage from sub-zero temperatures, Bloomberg reports. Roughly 5 percent of the groves in the Sunshine State's central groves, considered the main growing region for oranges, endured… Read more.
Inventories of crude oil are likely to drop for a second-straight week in the U.S., pushing up oil prices on Tuesday, according to published reports. In anticipation of a not-yet released report from the U.S. Department of Energy stating supplies dropped by as many as 3 million barrels because of tempests manifesting in the Gulf… Read more.
The price of crude oil futures ebbed and flowed Thursday morning prior to the release of a government report indicating the inventory of U.S. supplies of the energy commodity is likely to fall, according to published reports. One day after gaining nearly 4 percent in value, crude oil prices hovered around even, Bloomberg reports. The… Read more.
Crude oil futures fell Thursday following oil companies ordering crews to evacuate rigs and platforms in the Gulf of Mexico as a storm system manifests and stands a likelihood of becoming a hurricane, according to published reports. Should the system of thunderstorms and gusty winds hovering above the central and eastern regions of the Gulf… Read more.
Indications of a stabilizing housing market helped push crude oil futures to their highest level in nearly one month, Bloomberg reports. As the aftermath of Hurricane Irene subsides, refineries on the East Coast are firing up their operations anew, also a contributing factor to the energy commodity's gains. "We're probably seeing the residual impact of… Read more.