December 31st, 2012

Dollar Futures – The dollar fell against most of its biggest peers as Senate Majority Leader Harry Reid said he’s hopeful a last-minute U.S. deficit-reduction deal will be reached to protect all but top earners from a tax increase.

The yen weakened after Finance Minister Taro Aso told reporters at a Dec. 28 briefing that the U.S. should have a stronger dollar. The 17-nation euro fell against most of its 16 major peers as German Chancellor Angela Merkel said the region’s debt crisis was “far from over.”

Continue reading »

December 31st, 2012

Mini S&P Futures – U.S. stocks rose, after the biggest weekly drop for the Standard & Poor’s 500 Index in about two months, amid speculation Congress will reach a deal to head off more than $600 million in spending cuts and tax increases.

Hewlett-Packard Co. and Caterpillar Inc. jumped more than 1.2 percent. Investors bought shares of companies most tied to economic growth, sending technology and material shares higher by at least 0.6 percent. Facebook Inc. climbed 2.3 percent after Bank of Montreal raised its rating on the company to outperform from underperform.

Continue reading »

December 31st, 2012

Sugar futures rose in London to the highest price in almost four weeks on speculation demand for the refined variety exceeded estimates. Robusta coffee gained.

The premium commanded by white, or refined, sugar over raw sweetener climbed 5.4 percent in the past month, data compiled by Bloomberg showed. That may mean demand was underestimated, London-based broker Marex Spectron Group said in a report dated today. Sugar is down 13 percent in London and 16 percent in New York in 2012, heading for a second year of declines, as global supply is set to outpace demand for a third year in the 2012-13 season begun in October.

Continue reading »

gold futures and options

Gold extends longest streak

December 31st, 2012

Gold futures rose, poised for a 12th consecutive annual gain, as central banks from Europe to China pledge more steps to spur economic growth and U.S. lawmakers near a deadline for budget talks.

Gold for immediate delivery added 0.3 percent to $1,661.38 an ounce by 12:44 p.m. in London, extending this year’s climb to 6.2 percent. Prices rebounded from a five-week slump as the deadline for the so-called U.S. fiscal cliff of automatic tax increases and spending cuts due to take effect tomorrow loomed with no accord in sight among lawmakers.

Continue reading »

December 28th, 2012

Natural gas futures gained in New York for the second time in three days on speculation that a cold start to January will drive up demand for the heating fuel.

Natural gas rose as much as 2.2 percent as forecasters including Commodity Weather Group LLC predicted below-normal temperatures for most of the lower 48 states over the next six to 10 days. An Energy Department report today may show supplies declined by 72 billion cubic feet last week, based on the median of 20 analyst estimates compiled by Bloomberg. The five-year average drop for the period is 140 billion, department data show.

Continue reading »

December 28th, 2012

Wheat futures headed for the biggest gain in more than a week as export sales surged to the highest in almost two years in the U.S., the world’s biggest shipper. Soybeans and corn were little changed.

Exporters sold 1 million metric tons of wheat in the week ended Dec. 20, the most since Jan. 13, 2011, and the fourth straight weekly increase, government data showed today. Prices fell 11 percent this month through yesterday, boosting the appeal of U.S. supplies for overseas buyers, said Brian Hoops, the president of Midwest Market Solutions.

Continue reading »

Coffee Futures Fall as Stockpiles Rise

On December 28, 2012, in coffee futures news report, by Infinity Trading
coffee futures trading

coffee futures fall

December 28th, 2012

Coffee Futures – Robusta coffee fell for the first time in seven sessions in London as exchange-monitored stockpiles advanced and exports from top grower Vietnam are set to jump this year. Cocoa advanced.

Robusta coffee stockpiles with a valid grading certificate in warehouses monitored by NYSE Liffe were 106,540 metric tons on Dec. 24, up 1.3 percent from two weeks earlier, according to data on the exchange’s website today. Vietnamese coffee exports will be 201,000 tons this month, the country’s Ministry of Agriculture and Rural Development estimates. Shipments for the year will total 1.76 million tons, an increase of 40 percent from a year earlier, it forecasts.

Continue reading »

December 28th, 2012

Commodity Investing: Gold traders are the most bullish in four months as U.S. lawmakers near a deadline for budget talks, at a time when hedge funds are cutting bets on higher prices.

Fifteen of 19 analysts surveyed by Bloomberg expect prices to rise next week and one was bearish. A further three were neutral, making the proportion of bulls the highest since Aug. 24. Investors bought 60 percent more this year through gold- backed exchange-traded products compared with 2011, boosting holdings to a record on Dec. 20 and which are now valued at $140.5 billion, data compiled by Bloomberg show.

Continue reading »

December 28th, 2012

Rubber futures will likely extend a bull market next year as monetary and fiscal stimulus from Japan to China and the U.S. will accelerate a global recovery and boost raw-material demand.

Rubber futures in Tokyo, a global benchmark, will climb 14 percent to 344 yen a kilogram ($3,981 a metric ton) by March, according to the median estimate from seven analysts surveyed by Bloomberg, who correctly predicted in September that the price would climb to 300 yen by the end of 2012. The threshold was crossed yesterday for the first time since May.

Continue reading »

December 27th, 2012

Silver futures for March delivery advanced 1.1 percent to $30.365 an ounce. Earlier, the price dropped as much as 1.1 percent.

Gold futures rebounded after U.S. Senate Majority Leader Harry Reid said that the budget dispute probably won’t be resolved before Jan. 1, boosting demand for the metal as a haven.

Republicans won’t cooperate, said Reid, a Nevada Democrat. The impasse leaves the U.S. closer to more than $600 billion in automatic tax increases and spending cuts set to begin in 2013. Earlier, gold fell as much as 0.5 percent.

Continue reading »