Commodity Blog

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Oil Falls on Political Issues in Europe & USA Posted: 10 Dec 2012 04:52 PM PST Crude oil declined today amid political turmoil in Italy that reignited fears of the crisis in Europe. Italian Prime Minister Mario Monti signaled that he is going to resign after the budget for 2013 is approved. Former Prime Minister Silvio Berlusconi increased his attacks on Monti and said that he is going to run for the seat during the next year’s election. Oil also fell on fears of the US fiscal [...]

Demand for US Grains Wanes, Corn & Soybeans Suffer Posted: 10 Dec 2012 11:32 AM PST Corn fell today on signs that demand for US crops is waning. Soybeans also dropped. According to the US Department of Agriculture report, sales of corn committed for delivery due August 31 totaled 12.229 million metric tons as of November 29, down 46 percent from a year ago. Expectations of favorable weather in South America also hurt prices for US grains. According to the Commitments of Traders, hedge funds’ long positions [...]

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