venerdì 26 ottobre 2012

COMMODITIES-Corn slips; Brent oil up on Hurricane Sandy threat

Most commodity markets posted
slight losses on Thursday, led by a 2 percent slide in corn on
weak U.S. export sales, though Brent crude oil prices bounced
Oil traders were eyeing a Hurricane Sandy as it raked Cub
following seven days of losses as gasoline prices surged. a with 150-mile winds. The powerful late-season storm is expected to makes its way north in the coming days toward the
theast, so it's very possible New Jersey and Pennsylvania r
Northeastern United States, potentially disrupting refinery operations. "Sandy looks to make a direct hit in the No refiners might engage in some defense and slow or shut some operations," said John Kilduff, partner at Again Capital LLC in New York.
. The Thomson Reuters-Jefferies CRB index, a
Brent crude oil prices rose 64 cents to $108.49 a barrel, while RBOB gasoline futures jumped more than 3 percent to $2.68 a gallo nbellwether for commodities, rose 0.02 percent, snapping a four-day losing streak on the back of the oil price bounce. Gold rose by 0.5 percent to $1,710.20 an ounce, a day after
decision to keep interest rates near-zero until mid-2015 to
falling to the lowest level since September. U.S. palladium futures were up 2 percent to $604.50 an ounce. WEAK ECONOMIC DATA WEIGHS The U.S. Federal Reserve's stimulate the economy did little to support copper in the face of a stronger U.S. dollar. Benchmark copper on the London Metal Exchange (LME) ended at $7,815 a tonne, down from $7,817 on Wednesday.
s for capital goods, excluding defense, were unchanged
U.S. business investment showed signs of stalling in September, an indication that worries over a possible sharp tightening in the federal budget are already weighing on the economy. New orde rlast month at $60.3 billion, the Commerce Department reported, disappointing analysts who had predicted a rise. A monthly manufacturing output report from the Federal Reserve Bank of Kansas City showed activity in the Midwestern
ts, who are now curtailing demand. The U.S. Departmen
United States slowed in October from the previous month. Corn was down 1.7 percent, wheat fell 1.4 percent and soybeans shed 0.4 percent on signs the historic highs of this summer during the Midwest drought have hit end-user prof it of Agriculture's (USDA) weekly export sales report showed lower-than-expected export sales. The USDA said net export sales of corn were at 142,400 tonnes, below estimates for 150,000 to 250,000. Export sales of U.S. wheat last week totaled nearly 572,000
% -12.9% Brent crude 108.49
tonnes, above estimates for 350,000 to 450,000. Prices at 5:20 p.m. EDT (2120 GMT) LAST/ NET PCT YTD CLOSE CHG CHG CHG US crude 86.05 0.32 0. 4 0.64 0.6% 1.0% Natural gas 3.434 -0.016 -0.5% 14.9% US gold 1713.00 11.40 0.7% 9.3% Gold 1710.54 8.61 0.5% 9.4% US Copper 355.05 -1.75 -0.5% 3.3%
872.75 -11.25 -1.3% 33.7% US Coffee
LME Copper 7815.00 -2.00 0.0% 2.8% Dollar 80.099 0.186 0.2% -0.1% US corn 742.00 -12.50 -1.7% 14.8% US soybeans 1564.00 -6.50 -0.4% 30.5% US wheat 161.00 1.20 0.8% -29.4% US Cocoa 2402.00 3.00 0.1% 13.9% US Sugar 19.53 -0.15 -0.8% -15.9% US silver 32.078 0.458 1.4% 14.9% US platinum 1569.60 6.90 0.4% 11.7%
US palladium 604.50 11.75 2.0% -7.9%