Commodity Blog |
| Good Trading Session for Agricultural Commodities Posted: 24 Jan 2013 03:33 PM PST Agricultural commodities gained today. Corn advanced as usage in making of biofuel and as animal feed increased. The Energy Department reported that ethanol production rose 1 percent last week. At the same time, inventories declined 1.4 percent. Rising production and falling stockpiles mean that more corn will be used in making of ethanol. Soybeans and wheat also rallied, erasing previous losses. Earlier, soybeans fell as favorable weather in Argentina [...] |
| Copper Erases Gains, Bounce is Probable Posted: 24 Jan 2013 02:35 PM PST Copper fell today, erasing its previous rally. Still, fundamentals look good for the industrial metal and many market analysts believe that copper may yet resume its rally. China’s Purchasing Managers’ Index rose from 51.5 in December to 51.9 in January, according the preliminary estimate. The US leading index increased 0.5 percent in December, beating forecasts. Most macroeconomic reports from Europe were also good. All [...] |
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