Commodities Retreat On Worries Of China Rate Hike

Published on November 15, 2010 by admin   ·   No Comments
Commodities tumbled across the board, part of a wider market selloff as worries grow that China will take additional actions to slow its surging economy.
Data from China released Thursday showed inflation rising faster than anticipated, which could force China’s central bank to raise interest rates or take other steps to slow growth. Grains and metals had risen on the report Thursday but they backtracked Friday along with crude oil and equities markets. Cotton and sugar, which fell from multi-year highs earlier this week, saw additional declines.>>>

GRAINS-U.S. wheat drops on dollar, weather outlook

* Wheat falls to near one-week low on dollar, weather
* Soy down 0.4 pct, falls from 26-month peak
* Corn extends losses, down 0.7 pct to a two-week low
* EU wheat weaker, follows U.S. down
(Adds European session, updates prices, dateline pvs SINGAPORE)
By Michael Hogan
HAMBURG, Nov 10 (Reuters) – Chicago wheat futures slid almost one percent on Wednesday to a near one-week low as a firmer tone for the dollar and an outlook for rains in U.S. winter crop areas weighed on the market. >>>>> More

Wall Street bets on commodities trader

By Gregory Meyer in New York
George Soros and other Wall Street investors are backing a US commodity merchant that is clawing its way into the ranks of the industry’s top trading houses. >>>>>> More

Commodities Soar As Surging Demand Meets Dwindling Supplies

A broad array of commodities hit multiyear highs as producers of metals and agricultural goods are finding it increasingly more difficult to meet robust demand. >>>>> More

Soft Commodity Technicals by Reuters

Published on November 10, 2010 by admin   ·   No Comments  

WHEAT
SINGAPORE, Nov 10 (Reuters) – The CBOT wheat December contract is expected to retrace further to $6.90 per bushel as the sharp drop on Tuesday is likely to continue. >>>>>> More

Agricultural Futures Climb On USDA Report, Led By Soybeans, Cotton

U.S. soybean futures surged to a 26-month high Tuesday as federal forecasters cut estimates for this year’s harvest in a crop report that showed tightening supplies across agricultural commodities. >>>>>>> More

Suddenly, Corn Costs More. Why Not Corn Flakes?

 
The price paid to farmers for a bushel of corn averaged $4.78 in October, up from $3.61 in the same month last year.
For months, prices paid to farmers for corn, wheat and soybeans have been shooting up. But so far, grocery prices have held steady for consumers. >>>>>>>>>> More

Soft Commodity Technicals by Reuters

 
WHEAT
SINGAPORE, Nov 8 (Reuters) – A bullish target at $7.61-¼    for the CBOT wheat December contract has been established, as an upward wave “c” is progressing.  >>>>>>>>>>>> More