Commodity Blog

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Soybeans Rally on Growing Demand & Falling Stockpiles Posted: 07 Mar 2013 08:57 PM PST Soybeans rallied today as the United States boosted their exports. The USA was the biggest world’s grower of the oilseed last year. At the same time, it is expected that official data will show a decline of global inventories. The US Department of Agriculture reported yesterday that US exporters sold 1.38 million metric tons over a week as of February 28 for delivery by September 1st. Analysts predicted that the government report will [...]

Cold Weather in USA Boosts Demand for Natural Gas Posted: 07 Mar 2013 07:22 PM PST Natural gas jumped as cold weather in the United States led to growing demand. At the same time, US stockpiles shrank more than was expected. The Energy Department Administration reported that US reserves of natural gas declined 146 billion cubic feet to 2,083 Bcf last week. The decline was somewhat higher than market participants have anticipated. The year-over-year deficit was highest since July 2008. Temperatures were [...]

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