gold futures quotes

gold futures quotes

September 30th, 2014

Gold futures fell to the lowest level since January, set for the biggest monthly decline in 15, on the outlook for higher U.S. interest rates that strengthened the dollar. Silver dropped to the lowest in four years.

Gold retreated 6.3 percent in September, the most since June 2013. It’s within 0.4 percent of erasing this year’s gains, which were fueled partly by tensions in Ukraine and the Middle East. The dollar has climbed amid improving U.S. economic data and as the Federal Reserve raised interest-rate forecasts, while central banks in Europe and Asia maintained or expanded stimulus to spur economic growth.

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natural gas futures brokers

natural gas futures brokers

September 29th, 2014

Natural gas futures advanced to a one-month high in New York on forecasts for colder-than-normal October weather that would stoke demand for the heating fuel.

Temperatures may be below normal in parts of the central U.S. from Oct. 4 through Oct. 13, according to MDA Weather Services in Gaithersburg, Maryland. Gas stockpiles were 13 percent below the five-year average in the week ended Sept. 19, the biggest deficit for the time of year since 2005.

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futures brokers

futures brokers

September 29th, 2014

Intercontinental Exchange Inc. (ICE) eliminated the Liffe name and incorporated cocoa, robusta coffee, white sugar and feed wheat futures and options into ICE Futures Europe, owner of the Brent crude contract.

ICE, based in Atlanta, has the dominant position in the softs markets, also owning ICE Futures U.S. in New York where arabica coffee, cocoa and raw sugar trade. ICE Futures Europe now has the biggest share of the cocoa market with 259,410 futures outstanding today compared with 209,687 contracts on ICE Futures U.S., according to data compiled by Bloomberg. ICE’s Brent oil futures have 1.4 million contracts outstanding.

“All softs contracts are now under one roof,” said Michael McDougall, a senior vice president in New York at Societe Generale SA’s Newedge Group, a member of both ICE Europe and ICE Futures U.S. “It seems to be the general trend with futures exchanges that we’re seeing a concentration. That means less competition. Whether it’s a good or bad thing, time will tell.”

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soybean futures quotes

soybean futures quotes

September 26th, 2014

Soybean futures dropped to the lowest in more than four years in Chicago as farmers in the U.S. gather a record crop. Corn and wheat headed for weekly losses.

The U.S. soybean harvest was 3 percent complete in main growing areas as of Sept. 21, the U.S. Department of Agriculture said this week. The agency expects production to climb 19 percent this season to 3.913 billion bushels, the most ever. U.S. corn output may also reach a record at 14.395 billion bushels, the USDA estimates.

“For soybeans and corn in the U.S., there’s ideal conditions for the harvest so far,” Graydon Chong, an analyst at Rabobank International, said by phone from Sydney. “That’s supporting the hypothesis that we potentially see increases to soybean yields going forward, putting extra pressure on the market.”

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dow jones futures brokers

s&p futures quotes

September 24th, 2014

U.S. stocks rebounded after a three-day slump for the Standard & Poor’s 500 Index, as new-home sales climbed to a six-year high and health-care shares rallied with producers of consumer staples.

Bed Bath & Beyond Inc. added 7.4 percent after posting quarterly profit and sales that topped analysts’ estimates. Wal-Mart Stores Inc. jumped 2 percent after reaching a deal to offer checking accounts to its customers. Citizens Financial Group Inc. gained 7.4 percent in its debut after raising $3 billion in an initial public offering. Health-care stocks rallied the most in the equity benchmark amid signs efforts to curtail tax-friendly overseas deals might fall short.

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corn futures quotes

corn futures quotes

September 23rd, 2014

An ounce of gold is worth the most bushels of corn in at least four decades, signaling the grain is “dirt cheap,” according to AgriVisor LLC.

The CHART OF THE DAY shows one ounce of gold buys more than 370 bushels of corn, the most since the data for U.S. trading begins in 1975. December futures for the grain have tumbled 28 percent this year as global farmers are set to produce a second straight record harvest. Bullion is up 1.6 percent in 2014.

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cocoa futures quotes

cocoa futures quotes

September 23rd, 2014

Forecasts for the Ebola disease to spread faster in West Africa than earlier estimates are sending cocoa prices higher as concerns mount that shipments from Ivory Coast, the world’s top producer, may be disrupted.

Cocoa futures reached to a 42-month month high before erasing gains. Without better containment of the Ebola outbreak, the number of cases in Liberia and Sierra Leone may jump to 550,000 to 1.4 million by January, according to an estimate published today by the U.S. Centers for Disease Control and Prevention. On Sept. 18, the group advised Ivory Coast to establish a command center and train medical staff to deal with the disease.

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Crude oil futures quotes

Crude oil futures quotes

September 23rd, 2014

Crude oil futures West Texas Intermediate advanced after the U.S. and its Arab allies launched a series of airstrikes against Islamic State positions in Syria.

The November contract climbed as much as 1.1 percent. Saudi Arabia, Jordan, the United Arab Emirates, Qatar and Bahrain “participated in or supported” strikes against 14 Islamic State targets near their stronghold of Raqqa and along the Iraqi border, the Pentagon said in an e-mailed statement today. Prices also advanced as a Chinese manufacturing gauge beat forecasts.

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commodity brokers

commodity brokers

September 22nd, 2014

Commodities fell to a five-year low on speculation that slowing Chinese growth will temper demand in the world’s biggest metals and energy consumer.

The Bloomberg Commodity Index (BCOM) of 22 raw materials dropped as much as 0.7 percent to 118.652, the lowest since July 2009, before reaching 118.6568 by 1:44 p.m Singapore time. Corn and soybeans fell to the lowest since 2010 as nickel touched a five-month low and crude slid for the third time in four days.

Commodities are 12 percent lower this quarter, set for the biggest such loss since the financial crisis in 2008. China’s Finance Minister Lou Jiwei said in a statement yesterday that growth in Asia’s largest economy faces downward pressure. Data tomorrow may show China’s manufacturing slowing for a second straight month, according to a Bloomberg survey.

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corn futures brokers

corn futures brokers

September 17th, 2014

Corn futures fell for the first time this week in Chicago as farmers in the U.S., the world’s top grower, begin harvesting what’s expected to be the largest crop on record. Wheat also dropped.

Four percent of corn in the main U.S. growing area was harvested as of Sept. 14, in line with last year’s pace, the U.S. Department of Agriculture said two days ago. Farmers may collect 14.395 billion bushels this season, the most ever, the agency said last week. Futures have tumbled 19 percent this year. Frost in parts of the Midwest last weekend probably didn’t cause significant damage, and the region should experience a warming trend this week, forecaster DTN said today.

“The weather remains nearly perfect,” economist Dennis Gartman wrote in his daily Gartman Letter. “The harvest that is beginning in the South can and will be sped along.”

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