Commodity Blog |
| Platinum Retreats from Three-Month Record Posted: 15 Jan 2013 07:37 PM PST Platinum fell today. Other precious metals also retreated. Yesterday, platinum reached the highest level in three months on concerns that strikes hurt supply from South Africa. Anglo American Platinum Ltd. said that it will cut production by 400,000 ounces per year, which equals to almost 7 percent of total global output. Metals were under pressure amid negative fundamental data from Europe [...] |
| Corn & Wheat Drop, Is Rebound Probable? Posted: 15 Jan 2013 06:17 PM PST Corn retreated today following the longest rally in a year. Wheat also dropped. The grains may yet rebound as weather threatens crops in America. South America experiences drought and forecasters predict that it may continue for 10 more days. Plants in the United States may be hurt by cold weather. Adverse weather conditions will likely lead to smaller harvest and that should prop up prices. The report of US Department [...] |
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