February 25th, 2014

Gold futures traded near a 16-week high in New York as investors weighed turmoil in Ukraine against the outlook for slowing bullion demand at higher prices.

Ukraine’s Acting President Oleksandr Turchynov pushed back a parliamentary vote on a national unity government to Feb. 27 from today as he attempts to win agreement with protest leaders who orchestrated last week’s ouster of Viktor Yanukovych. Physical demand for gold from Asia is “muted,” Standard Bank Group Ltd. said in a report yesterday.

After slumping the most since 1981 last year, gold is set for the first back-to-back monthly increase since August as data that trailed estimates fueled concern the U.S. recovery may be faltering. Prices gained even as the Federal Reserve lowered its bond-buying program by $10 billion a month in January and again in February, reducing the purchases to $65 billion.

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Crude Oil Climbs From One-Week Low

On February 23, 2014, in Crude Oil Futures News Report, by Infinity Trading

February 23rd, 2014

Crude oil west texas intermediate crude rose from the lowest price in a week amid speculation that cold weather in the U.S. will boost energy demand in the world’s biggest oil consumer. Brent in London gained.

Oil futures increased as much as 0.5 percent in New York, snapping two days of declines. Frigid arctic air will make a return to the Northeast and Midwest this week, according to AccuWeather Inc. Distillate inventories, a category that includes heating oil and diesel, dropped to the lowest level since November in the period ended Feb. 14, the Energy Information Administration said last week.

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February 18th, 2014

Coffee futures jumped the most in a decade, soybeans reached the highest since December and sugar rallied as drought scorches fields in Brazil, the world’s biggest exporter of the crops.

The Standard & Poor’s GSCI Agriculture Index of eight commodities capped a seventh straight gain yesterday, the longest streak since 2011. Rain in growing regions will be 75 percent less than normal in the next five days, deepening a moisture deficit after the driest January since 1954, David Streit, an agricultural meteorologist at Commodity Weather Group, said in a phone interview from Bethesda, Maryland.

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Coffee Futures Caps Biggest Rally Since 2000

On February 7, 2014, in coffee futures news report, by Infinity Trading

February 6th, 2014

Coffee futures arabica posted the biggest rally in more than a decade as extreme weather threatened supplies from Indonesia to Brazil, the world’s biggest grower and exporter.

In Brazil, where drought is scorching crops from coffee to sugar, Sao Paulo and southwest Minas Gerais, the top arabica-producing state, will receive about one 10th of normal rains in the next 10 days, according to Donald Keeney, a senior meteorologist at MDA Weather Services in Gaithersburg, Maryland. In Indonesia, the second-largest exporter of robusta beans, heavy rains threaten crops in Java and parts of Sumatra, according to MDA.

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