Showing posts with label Commodities News. Show all posts
Showing posts with label Commodities News. Show all posts

Wednesday, 28 September 2011

Cotton Futures Rebound On Global Crop Concerns

Cotton term of about seven weeks away from concern about the conditions of the United States that is deteriorating at a minimum, Pakistan on Tuesday, recovered quickly, and a black-out material on growing fears of rising prices send the Product.

On the ICE Futures U.S. in exchange for delivery in December, the jump term cotton 1.7%, European 1 GBP traded USD1.0133 in the morning.

Previously, the maximum daily trading 1.78% USD1.0139 a book is spent.
 
Markets Closed on Monday after the week issued by the Department U. S. of Agriculture said that the product is still around 44% U.S. cotton crops in the same week last year, against only 14%, September 25, "bad" or "very poor" condition evaluated.

Cotton crop by 29% over the same period last year, compared to 55% "excellent" status last week, the "good" was.

Zero as a "perfect" when it is in Texas, the United States is the largest cotton growing, cotton plants, nearly 62%, "bad" or "very bad" were rated as the state continues to suffer from drought.

America's third largest cotton producer and exporter of fiber.

Pakistan, world's largest producer of cotton in the area, the cultivation of cotton in the country of about 73%, from the middle of August, about 2 million bales were destroyed by heavy rains in the monsoon.

The expected increase in demand for new U.S. sources, Pakistan has to import more cotton will be raised speculation.

Cotton prices fell on Sept. 23 after seven weeks of the purchase USD0.9905 book is also supported in some mild bargain.

Swiss company lending credit Suisse, "citing weak global decline in stock prices of cotton," limited "a report said on Monday that another Nina likely this threat to farmers, more setbacks, time and probability emerging markets may fail, even if Western economies, continues to grow. "

Elsewhere, the Chicago Board of Trade, wheat for December delivery USD6.5988 a bushel of corn per bushel for December delivery also rose to 1.83% of trade increased by 1.78% to trade at USD6. 5975, November USD12.7238 bushels of soybeans for delivery to the trade, 1:01% was achieved.

Corn Futures Climb To 3-Day High On U.S. Crop Concerns

Egypt after a government report showed the second day of term on Tuesday, rising more than three days, the conditions U.S. corn crop in the United States increased by adding to concerns about supply shortages, compounded last week .

Chicago Mercantile Exchange, corn for December delivery rose 1.83% term, per bushel USD6.5988 traded am European.

As before, USD6.6162 bushel in trade, 12.2%, the highest price since Sept. 22 rose to.

Markets Closed on Monday after the Department of Agriculture U. S. said in a statement posted on a product a week, about 15% of the U.S. corn crop by 26% in the same week, compared to last year, September 25 was harvested.

The report showed that about 52% of U.S. corn in the same week last year compared to 66%, "excellent" status last week, the "good" is classified as.

Produced by about 20% 21% recorded the previous week to develop a “very bad” condition "bad" happened. However, only 13% of corn in the same week last year, "very bad" and "bad" is classified.

15% "bad" situation "very bad" while in Iowa, the U.S. government as the main maize crop, the product of 12% "excellent" rating.

The USDA reported that corn exports of controlled U.S. ports have shown more support after the Egyptian-term price less than the demand last week, a week ago to nearly 10 million bushels, up to 34 , 3 million bushels.

America and exporter of cereal producer and largest in the country corn.

Corn prices per bushel in the previous session USD6.2975 fell to a low of 11 weeks after the purchase is also supported in some mild bargain

Due to the recent weakness in prices of Wall Street investment bank Morgan Stanley, saying on Monday reiterated his optimism on corn have "a very simple macro attached to a significant change in risk aversion."

November delivery rose 0.98% to trade soybeans USD12.7200 elsewhere in the Chicago Board of Trade, wheat for December delivery, rose 1.94% to trade at USD6.6075 bushels per bushel.

Gold Futures Edge Lower On Profit Taking, Greece Fears Support

Investors notched the biggest one-day gain after seven weeks of the previous session before the gold price sell gold for the duration of the post fell Wednesday.

New York Mercantile Exchange Comex division, losing 0.39% of gold for delivery in December term, USD1, 646.05 one troy ounce late Asian trade exchanges.

Previously USD1, 631.15 one troy ounce per day of at least 0.85% of world trade has dropped.

Gold prices in the euro zone policy makers hoping to take measures to support the economy of the area in the back of strong gains in global stocks increased by 3.6% on Tuesday on the need to raise funds to meet the reduction of losses in other markets.

However, some investors move to sell the positions of profit and profit has led to the lock.

Ongoing concerns about the loss of the debt problems of Greece pale European optimism about the recovery of the debt has been constrained by the sovereign.

Financial Times, the rescue plan for the second country in Greece euro area are divided on the conditions reported, the financing needs of the country's growing concern in recent months has increased dramatically.

At the end of the day, the European Fund for financial stability in Finland was the realization of the potential increase in the vote.

Gold is often in times of economic uncertainty and protection against the financial risk is considered an alternative currency.

Meanwhile, London-based GFMS Limited is the industrial group, due to the attractiveness of gold as a safe haven and the debt related to the concerns of European and global growth, uncertainty remains intact, "he said Tuesday in a report. "

Industry group maintained that the gold price will reach USD2000 per ounce at the end of the year.

USD3.356 per pound of copper for December delivery fell 2.43% to trade at other places in the Comex, silver for December delivery, fell 0.1% to trade at USD31. 50 ounces troy.

Natural Gas Futures Climb To 1-week High On Cool U.S. Weather

Natural gas, increasing fuel demand caused by the weather forecast for the second time in a week on Tuesday, the day while the U.S. provides more than the growing concerns about deterioration in the Gulf of Mexico provides additional support.

New York Mercantile Exchange for delivery of natural gas increased by 1.18% in November term, U. S. USD 3890 per million British thermal units traded in the morning.

USD3.925 per million British thermal units before September 20 the highest since 2.2% of the transaction is.

Industry Group of the Federal MDA, the eastern states, predicts colder than normal through the first week of October, I said before, re-heating before the end of the month.

Major cities north of 50 degrees Fahrenheit during the low temperature range (4 to 10 degrees Celsius) to 40 degrees are likely to float.

"In many regions are expected to remain below normal, but cold at this time because it moves slowly fade," said forecasters.

Meanwhile, parts of Time Group, warmer temperatures than normal are expected in the southern U.S. states said in an episode of the cooling demand season, from September 28.

According to the AccuWeather weather service provider, Houston and Dallas, September 28th at 100 degrees Fahrenheit (37 degrees Celsius), highs can reach the top.

GTC said the cold weather in the Midwest and Eastern U.S. October 5 to October 1 at least 3-5 degrees colder than average temperatures should be, which could boost demand for heating during the first week of early October.

Merchants late September and October, trying to measure the effects of heating and cooling demand change in status in recent weeks, the weather forecast for natural gas prices have closely followed.

Natural gas prices have more support from the National Hurricane Center U. S. and then moved along the Pacific coast of Mexico, three storms, upgraded to Hurricane Hillary.

2.4%, to trade at USD2.869 per heating oil for November NYMEX in another part of the bag, sweet crude for November delivery term, rose to 3.94% of trade gallons of USD83. 41 a barrel.

Tuesday, 27 September 2011

Crude Oil Futures Hit 3-Day High on Hopes for EU Debt Plan

With crude oil futures in the EU hit a great hope for the level of debt 3 days

Gross-term policy in the euro area economy in the region to support the patient and provide a solution to the debt crisis currently will move to three days in the hope of rising, the single currency increased for the second day Tuesday in the block.

New York Mercantile Exchange, November for the delivery of light, sweet crude future of 2.85%, bringing European USD82.53 a barrel of oil traded in the morning.

Prior to USD82.60 a barrel, trading at the highest level since Sept. 22 fell to 2.93%.

A bank official of high rank said Monday after the market sentiment of the European Central Bank, the economy of the euro area, monetary policy to help facilitate the reduction of interest rates because speculation that the increases can not be ignored.

Also supports a sense, high level politicians EUR440 million from the European financial stability, the European Central Bank on exchange rate of liquidity, the ECB can be used as collateral for loans, he said.

According to British Petroleum in the euro area in 2010 was about 16% of world oil consumption.

Markets in the U.S. is waiting for new records for weekly updates of crude and refined products to measure the strength of oil demand, consumers of oil in the world.

Increase of 2.2 million barrels in crude stocks last week, the government can show the American Petroleum Institute report on Wednesday will release its report on inventories at the end of the day is planned to increase the gasoline supplies by 1.0 million barrels.

Some support to negotiate the purchase of light after oil prices fell to a seven-week low USD77.11 per barrel in the previous session

Create a cascading effect on the lender Barclays is a UK based, multi-action emergency oil when all other asset classes based on the horror hit the same economic climate, "a report said Monday active participation of technicians, prices fall precipitously, and a lack of respect for the underlying fundamentals. "

Elsewhere in ICE Futures exchange, Brent with delivery in November the American equivalent of USD23.14 a barrel, trading USD105.67 per barrel rose to 1.66%.

Natural Gas Futures Jump to 3-Day High on U.S. Weather Outlook

Natural gas for three days of U.S. aerial high jump

Warmer than normal weather forecasts for U.S. states in the south to at least about 11 months later, on Monday raised expectations of demand for the fuel gas to regain his strength.

New York Mercantile Exchange for delivery of natural gas in October 2:02% jump term, USD3.842 per million British thermal units is traded on the U.S. in the morning.

USD3.853 per million British thermal units before September 21 the highest since 2.2% of the transaction is. USD3.662 Thursday October contract reached a million British thermal unit for at least 11 months.

Time Group tracks, previously announced, the United States U. S. south than normal are expected final warm-season should lead to a cooling demand of September 28.

According to the AccuWeather weather service provider, Houston and Dallas, September 28th at 100 degrees Fahrenheit (37 degrees Celsius), highs can reach the top.

GTC said the cold weather in the Midwest and Eastern U.S. October 5 to October 1 at least 3-5 degrees colder than average temperatures should be, which could boost demand for heating during the first week of early October.

Merchants late September and October, trying to measure the effects of heating and cooling demand change in status in recent weeks, the weather forecast for natural gas prices have closely followed.

Gas to stimulate demand - despite a strong earnings, a lot of Wall Street Bank, Citigroup, the price of natural gas outside the unusually cold weather, should remain under pressure in the coming weeks "in a previous report, and heating -. Or a hurricane in the Gulf of Mexico production”

Mild weather reduces demand for natural gas, often in time of use of the oil peak before recovering heat in the winter in October, low season is reached.

Heating oil fell 0.12% in November to trade at USD2.812 per bag to another part of NYMEX, sweet crude for November delivery term, USD79.45 a barrel, trading shed gallons of 0.49%.

Gold Futures Rebound From 3-Day Rout on Bargain-Buying

Negotiate the purchase of gold-term defeat in three days to recover

It was also announced strong growth, while silver-term opportunities for investors to buy gold term coined by the largest three-day decline since the 2008 financial crisis, that on Tuesday, recovered quickly.

New York Mercantile Exchange Comex division, October delivery, gold for the duration of their biggest daily gain since March 2009 on the road to a maximum of 3.91%, USD1, 654.95 one troy ounce late Asian trade transactions.

USD1 657.95 an ounce before trading at 4.15% of the daily maximum was increased to.

Some investors sold the precious metal to raise money to cover losses in other markets, gold prices, the last three trading sessions, fell almost 14%.

However, some of the sharp drop in prices in the euro zone and concerns about the global economic outlook and concerns about the debt crisis of the fall would be more reluctant to bet the traders led to the purchase of negotiation.

Monday, senior politicians EUR440 million from the European financial stability, the European Central Bank ECB funds can be used as collateral for the debt, he said.

Greater role in EFSF are, however, the German parliament Thursday approved an important vote.

There is a good result would allow gold traders "are positioned before the vote on EFSF precious metals, on Monday, reported the global financial services company Commerzbank selloff of dollars and risk appetite up ".

Golden wedding and festival season starts in September and October ahead of the consumers buying gold purchases in India, increased physical demand increases, prices supported.

USD3.365 per pound of copper for December delivery increased by 2:51% for trade in other places in the Comex, silver for December delivery, rose% to trade at 6:07 USD31.79 oz.

Silver Morgan Stanley, "a growing concern for industrial use" and the recent decline attributed to "a small piece of high investor base."

Sugar Futures Down For Second Day As Supply Concerns Ease

Future of sugar in the diet of the last day of ways to reduce

India is concerned about the speed of the global shortage of sugar-term; high-sugar harvest estimated in the four years after the previous session, the lowest in a month, close, fell on the second day on Wednesday.

ICE Futures U. S. Open Exchange, October delivery fell 0.83% for sugar-term USD0.2738 1 pound traded at the European exchanges.

Just over a month ago USD0.2726 below the previous session, trading USD0.2734 at least one book a day fell to 0.94%.

The production of sugar cane in India, according to a compilation of estimates of the Commission, 1 October 2011 to 12 years total marketing 25,830,000 tons predicts 10 states.

According to 24.2 million tons the previous optimistic projection is that the highest since the 2007-08 marketing year.

The State of Uttar Pradesh in India, growth in the production of sugar cane, Kamran Rizvi, sugar cane, according to the State Commissioner, 6.45 million tons, can reach you.

India second largest sugar producer.

5% of 29.5 million tonnes of sugar industry group, Canaple sugar crops in Brazil raised its estimate of effect after Meanwhile, optimism about the price of sugar to sugar crops in Brazil continue to weight on the last Thursday.

U. S. Department of Agriculture in Brazil with the largest manufacturer and exporter of sugar, about 20% of global production and national accounts for an estimated 39% of world sugar exports.

Sugar prices in Brazil as a diminishing supply concerns eased nine months USD0.3184 books hits since August 24 have lost almost 15%, the main producer prices drift lower.

The sharp drop in prices boosted buying a business importing sugar. Egypt bought 30,000 tonnes of sugar, on Monday, the Ministry of Agriculture U. S. said Tuesday.

Elsewhere, the Chicago Board of Trade, wheat for December delivery USD6.9313 bushel a bushel of corn for December delivery also rose 0.4% to trade at USD6.7625 trade rose 0.2% for November delivery fell 0.05% to trade bushels of soybeans USD13.3825.

Copper Pulls Back From 14-Month Low As Sentiment Improves

Feeling the copper futures market by speculation European Central Bank cut about a possible increase in interest rates by a minimum of 14 months as losses are taken on Monday, were compared.

Decrease of 1.15%, the European is USD3.279 per pound for December delivery traded on the New York Mercantile Exchange, Comex copper futures division.

Previously, the lowest trade since July 22, 2010 USD3.072 sterling fell 6.9%.

The ECB management board, after Ewald Nowotny, amid speculation that the region could be of interest rates to stimulate the appetite for risk improvement in the economy, said members should not be a possibility of reductions in interest rates should be discarded.

"The ECB will never pre-committed and rate reductions can not be ignored. It all depends on future developments," said Nowotny before.

Following the performance of the dollar against a basket of six index dollar exchange foreign, 78 comments against the U.S. dollar was trading down 0.25% and provided support to the single currency, 72 years, up 0 , 6% of pre-contrast.

A weaker dollar increased demand for raw materials as an alternative investment, and the dollar-priced goods cheaper for holders of other currencies is.

Copper-term expectations of demand for industrial metals weighed the first concerns the emergence of global economic growth fell sharply.

CME Group, operator of a Comex margin deposit for a walk at the same time the positions of speculative investors had to be an increasing amount of money.

After the close of business Friday, the market on Monday after closing, an initial margin of CME, U.S. $ 6, 750 contracts of copper increased by 18%.

A silver medal for December delivery fell 3.13% to trade elsewhere on the Comex, October delivery, gold, USD1, 636.15 one troy ounce earlier losses to facilitate exchanges of 0.16% over USD29. 18 troy ounces of 10-month low.

Margins per ounce of silver contracts 875 5000 contracts, while 16% of the FMC USD24, 475 to 100 oz contract USD9, 450, USD11 for the first margin increased to 21% of gold contracts.

Soybean Futures Drop To 10-Month Low On Demand Concerns

Growing concerns about global economic prospects, with the slowdown in global demand for grain, expressed concern about the soy-term, at least ten months of declines, dropped Monday, the sixth day.

Chicago Mercantile Exchange, November-term 0.76 for delivery of soybeans from the% is traded on the morning European USD12.4912 bushel.

Previously USD12.2612 bushel of the date of November 29, 2010 1:08% fell to the lowest trade.

Federal Reserve, the U.S. economy faces "significant downside risks," warned that the manufacturing operations in China and data on the outlook for global economic concerns, busy last week, the third month in September, has decreased.

According to the Department of Agriculture U. S. China, world's largest consumer of soybean and 1 October 2011 to 12th season should represent about 60% of world trade in cereals.

In the meantime, a large hedge fund liquidation of long positions and unconfirmed speculation about a possible sale to weigh on prices.

Soybean prices fell to 14 past 17 sessions, and the global economic slowdown will affect demand for fear of losing about 15% in September.

Despite the sharp drop in prices, the Wall Street investment bank Goldman Sachs for growth in emerging markets "is a strong vision," citing soybeans continues to be optimistic.

Bank "world of stocks and emerging markets and its impact on population growth, income levels are low." With an average of USD14.00 per bushel of soybeans in 2012, waiting for prices

Wheat for December delivery dropped to 2.72% elsewhere in the Chicago Board of Trade, corn for December delivery, per bushel USD6.6763 two months, fell 2.59% to trade at least two months at least trade USD6.4838 bushel.

Agriculture at the end of the day, the ministry U. S. United States of a product was considered as they provide an indication of how, last week released its own product improvement week.