Commodity Blog

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Soybeans Fall from Four-Year Record, Brent Stays Above $100 Posted: 12 Jul 2012 05:09 PM PDT Soybeans fell on speculations that high prices might damp demand for the grain. Earlier, soybeans touched the four-year high. The prices also fell on the forecast that rains would occur in the regions of the United States that are currently affected by drought. Soybeans fell from $16.5275 to $16.2400 per pound yesterday on CBoT and traded at $16.2425 today. Crude oil jumped as the United States are going to implement new sanctions against Iran. The USA plans to punish companies that Iran uses to circumvent the embargo. Concerns that such measures would disrupt oil supply brought the prices higher. August futures for delivery of crude oil rose $0.27 to $86.08 per barrel on NYMEX. Brent oil fell, but later rebounded at stayed at $100.60 per barrel on ICE today. (...) Read the rest of Soybeans Fall from Four-Year Record, Brent Stays Above $100 (12 words) Posted on Commodity blog.

Commodity Prices — July 12th 2012 Posted: 12 Jul 2012 03:49 PM PDT Latest commodity prices (ICE, NYMEX, CME) as of 22:47 GMT: Oil (Brent) — $100.55 per barrel. Gold — $1,569.70 per troy ounce. Silver — $27.14 per troy ounce. Palladium — $579.85 per troy ounce. Platinum — $1,413.60 per troy ounce. Copper — $342.70 per 100 pounds. Cocoa — $2,189.00 per metric ton. Sugar — $22.52 per 100 pounds. Corn — $781.00 per 100 bushels. Soybean — $1,624.25 per 100 bushels. Posted on Commodity blog.

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