gold futures prices

gold futures prices

October 31st, 2014

Gold and silver fell in New York, slumping to the lowest since 2010, as the dollar strengthened after the Bank of Japan unexpectedly boosted stimulus and the Federal Reserve ended asset purchases this week.

The Fed is weighing the timing of interest-rate increases as other central banks add to stimulus to bolster their economies. The Bank of Japan said today it’s targeting an expansion of its already unprecedentedly large monetary-stimulus program by 80 trillion yen ($723 billion), sending the yen to a six-year low against the dollar. Gold yesterday erased the year’s advance after U.S. gross domestic product beat estimates.

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natural gas futures brokers

natural gas futures brokers

October 30th, 2014

Natural gas futures rose for a third day in New York as forecasts showed below-normal temperatures that would stoke demand for the heating fuel.

The weather may be colder than usual in the eastern half of the U.S. through Nov. 3, according to MDA Weather Services in Gaithersburg, Maryland. The low in New York on Nov. 2 may be 39 degrees Fahrenheit (4 Celsius), 6 less than average, data from AccuWeather Inc. show.

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gasoline futures prices

gasoline futures prices

gasoline futures prices

gasoline futures prices

October 30th, 2014

The push to end a four-decade limit on exporting U.S. oil may get a boost from a government study set for release as soon as today that will explain the relationship between crude oil and domestic gasoline prices.

Supporters of lifting the ban anticipate the Energy Information Administration analysis will affirm what they suspect: that overseas sales won’t raise the price Americans pay at the pump because the price of gasoline is tied to the global oil supply.

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soybean futures quotes

soybean futures quotes

October 28th, 2014

Soybean meal futures advanced to a four-month high as meat prices close to a record spurred demand for animal feed to fatten hogs and chickens.

Futures rose as much as 6.1 percent to $399.80 per 2,000 pounds on the Chicago Board of Trade, the highest since June 23, before trading at $388.70 at 6:30 a.m. local time. Prices jumped 7.6 percent yesterday, the most since 2007.

Wholesale pork, chicken and beef prices have climbed to records this year, contributing to an October rally in soybeans, meal and grains used to feed livestock. Retail pork chops and bacon increased to all-time highs in 2014 after the hog herd was reduced by a deadly virus. About 42 percent of U.S. soybean production is made into food for animals.

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commodity brokers

commodity brokers

October 27th, 2014

Commodities slumped to a five-year low led by agriculture items produced by Brazil on speculation a slump in the country’s currency will fuel exports.

The Bloomberg Commodity Index dropped 0.6 percent at 11:03 a.m. in London after falling to the lowest since July 2009. Raw sugar futures fell 2.3 percent and arabica coffee declined 1.4 percent. Brazil is the biggest producer of both commodities.

Brazil President Dilma Rousseff’s re-election damped speculation for a change in policies, sending the real down 3.2 percent today, the biggest decline since 2011. The real weakened 33 percent against the dollar since Rousseff took office in January 2011. Declines in the Brazilian currency tend to encourage export sales of products traded in dollars.

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dow jones futures brokers

Dow Jones futures brokers

October 24th, 2014

U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for its best week since 2013, after a doctor in New York tested positive for Ebola and investors weighed earnings from companies including Amazon (AMZN).com Inc. and United Parcel Service Inc.

Amazon slid 8 percent after posting a loss that was wider than analysts estimated. Pandora Media Inc. plunged 9.4 percent after the largest Internet-radio service reported a slowdown in user growth. Microsoft Corp. climbed 4.1 percent after revenue beat predictions. UPS gained 2.3 percent as profit topped estimates.

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wheat futures brokers

wheat futures brokers

October 24th, 2014

Australia’s wheat harvest may drop short of a government forecast after frost and hail damaged crops in the world’s fifth-biggest shipper. Futures climbed to a six-week high.

Production may total 23.2 million metric tons in 2014-2015, according to the median of five analysts and trader estimates compiled by Bloomberg News. That compares with a government forecast of 24.2 million tons and 27 million tons a year earlier. Farmers started harvesting the crop this month.

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S&P futures brokers

S&P futures brokers

October 23rd, 2014

U.S. stocks jumped, recovering from yesterday’s retreat, as earnings from Caterpillar Inc. to 3M Co. exceeded analysts’ estimates and data signaled stronger growth in the European economy.

Caterpillar, the largest construction equipment maker, added 5.1 percent after raising its full-year earnings forecast amid higher sales of construction machinery in North America. 3M climbed 5.7 percent as the maker of Post-it notes boosted sales in all of its businesses. Tractor Supply Co. surged 15 percent, the most in the Standard & Poor’s 500 Index, after increasing its profit forecast.

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cocoa futures brokers

cocoa futures brokers

October 23rd, 2014

Cocoa processing in Asia fell in the third quarter as futures soared to the highest level in more than three years, damping profits for grinders.

The grind, an indication of demand, declined 5.9 percent to 151,643 metric tons in the three months ended Sept. 30 from 161,097 tons a year earlier, the Singapore-based Cocoa Association of Asia said in an e-mailed statement today. The data are for Malaysia and members in Singapore and Indonesia. The number, which includes grinds from two more factories, was down 6.3 percent from the previous quarter. Beans are processed into butter and powder to make chocolate.

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soybean futures quotes

soybean futures quotes

October 22nd, 2014

Soybean futures rose to the highest in more than a month in Chicago as traders weighed concerns about dry weather in Brazil and slow harvesting in the U.S.

U.S. farmers had collected 53 percent of crops in main growing areas as of Oct. 19, behind the average pace of 66 percent, the U.S. Department of Agriculture said. While wet weather recently delayed fieldwork, conditions are expected to be drier this week in most areas, according to DTN. Brazil, the biggest exporter, is facing planting delays because of dry weather. Growing areas may see scattered showers late this week, DTN said.

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