Speculation that China might take action to prevent inflation by again raising interest rates pushed the nation's commodities futures downward on Friday, according to Bloomberg. Cotton, sugar and rubber prices fell amidst additional speculation that additional preventative steps China might take include selling from its reserves. Copper, zinc and soybeans also decreased in value. "The… Read more.
The Federal Reserve giveth, and the People's Bank of China taketh away. For a while, it seemed that commodity futures prices had nowhere to go but up. Then speculation that the Chinese central bank would cut back on loose money by raising its interest rates sent commodity futures brokers and traders fleeing for the exits,… Read more.
A fresh wave of economic uncertainty helped push the dollar higher on Tuesday, which dampened demand amongst commodity futures brokers and traders for grains like wheat and corn. "Prices in Chicago are adjusting as a function of the euro-dollar rate," Sebastien Poncelet, a consultant at Paris-based farm adviser Agritel, told Bloomberg News in an interview. "There are… Read more.
The greenback surged while corn, wheat and soybean futures fell on Tuesday, raising speculation that the risk trade may be unwinding to some degree. All three commodities have posted strong performances this year, largely on the back of supply worries from around the globe. The worst damage was done in the Black Sea region of… Read more.
A broad range of commodity futures gained in value on Thursday, as investors bet that the Federal Reserve would continue working to weaken the dollar and boost inflation expectations. That strategy appears to be working, at least in part – precious metals, grains, base metals and crude all rose on futures markets. Silver led the… Read more.
The price of wheat futures climbed again in Tuesday's trading, as it appeared likely that dry weather across the Great Plains in Kansas and Nebraska will cut down on wheat yields in the coming year. "We are seeding wheat now, and in a good many areas we have some dry conditions," Dewey Strickler, the president… Read more.
Corn futures continued to rise on Monday, October 11, driven by fears that falling U.S. crop yields will put pressure on global supplies of the grain. Corn for December 2010 delivery gained 37 and 3/4 cents to trade at $5.66 per bushel on the Globex electronic trading system, while March 2011 corn rose 38 cents… Read more.
The latest news release from the U.S. Department of Agriculture is the equivalent of a blockbuster record to commodity futures brokers and traders – and it's corn, wheat and soybean futures that are soaring up the charts. Corn, wheat and soybeans saw massive gains after the report hit the wires, and agricultural companies are also… Read more.
Ukraine announced yesterday that it would limit exports of corn and wheat in response to the punishing drought which devastated fields in the Black Sea region. The government in Kiev will allow exports of just 500,000 tons each of wheat and barley, and 2 million tons of corn. First deputy prime minister Andriy Kyulev said that… Read more.
Meteorological and political considerations once again boosted the price of wheat on Tuesday, as Ukraine set export quotas for both barley and wheat. Bloomberg News reported that the quota for barley will be likely be 1 million tons from September 1 to December 31, while wheat’s limit will be 1.5 million tons. Last year, the… Read more.