Commodity Blog |
| Wheat Falls due to Rains in USA Posted: 06 Mar 2013 03:13 PM PST Wheat futures declined today on forecasts that favorable weather in the United States will improve prospects for harvest. According to the National Weather Service, precipitation in some US regions was six times above norm. Experts say that rains will improve conditions for plants, boosting potential yield. Wheat followed other agricultural commodities in decline. Forecasters predict favorable weather in both the USA and South America. This means additional [...] |
| Crude Oil Extends Decline as US Inventories Swell Posted: 06 Mar 2013 11:56 AM PST Crude oil extended its decline today as US inventories grew much more than was expected. US stockpiles of crude swelled by 3.8 million barrels to 381.4 million last week. Analysts have expected an increase by just 0.9 million barrels. Refineries operated at the lowest level in almost a year, trimming demand for oil used in making of fuels. It is a seasonal phenomenon as need for heating oil wanes, but consumption [...] |
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