It’s been a nerve-wracking month for those trading in sugar futures, as logistical gridlock at Brazilian sugar ports ran into a surge in demand on the eve of the Ramadan holiday in the Muslim world. Food manufacturers in Egypt and other nations use huge quantities of the sweetener to produce traditional desserts for late-night feasts,… Read more.
A new report from the Financial Times illustrates the complex situations that arise at the nexus of political and economic realities. As wheat prices rise – on the Comex in New York, wheat futures contracts for September delivery were up 21 cents to $6.16 per bushel – India’s government holds massive stockpiles of wheat and… Read more.
Disappointing data on employment and manufacturing, predictions from the IEA that oil consumption will fall and dollar fluctuations all pushed the price of crude oil futures down. Brent crude oil futures lost .99 percent to trade at $75.34, down 3.56 percent from a month ago. Oil has been trapped in a narrow band between $70… Read more.
Gold futures sank to a six-week low this week, crossing back over the $1,200 per ounce line. The price of gold for August delivery fell $12.60 to $1,195.10 per troy ounce on the Comex in New York trading. Global equities started the day strongly, although they declined as trading continued. U.S. stock index futures were… Read more.
Wheat futures for July delivery perked up a bit today after slumping yesterday to a four-year low of $4.26 a bushel. The low prices yesterday were partially the result of the summer harvest beginning on the Great Plains, swelling stocks of grain and potentially leading to fears of excess supply. Today, however, the U.S. Department… Read more.
A survey of Bloomberg subscribers found that emerging markets no longer represent the most attractive investment destination for investors and analysts, signalling a change in sentiment from the year’s start. A similar poll taken in January rated China as the best market for investors, followed by Brazil. Brazil and China, along with Russia and India,… Read more.
Spot gold prices broke through previous highs and smashed records in several currencies during London trading on Tuesday, reaching $1,251.85 per ounce and 1,050.86 euros per ounce. Continuing uncertainty about the sustainability of European sovereign debt and a new warning from the Fitch rating agency that Britain faces a fiscal crisis weighed on investor demand… Read more.
Investors looking for a traditional safe harbor in light of ongoing jitters in the stock market may want to take a closer look at gold futures. Gold has enjoyed a price run-up over much of the last decade, but investors are still attracted to the precious metal because it is seen as a traditional safe… Read more.