Posts Tagged ‘commodities’

WTI Falls for Seventh Session, Geopolitical Tensions Subside

by Christopher Lemieuxon July 7, 2014 7:41 pm BST
West Texas Intermediate (WTI) crude fell for the seventh consecutive day as geopolitical concerns fade from the headlines. The fall in future prices is the longest string of losses since December of 2009. The risk premium due to the Iraqi conflict has collapsed. Although Islamic militants have captured several cities north of Baghdad, the vast […]

Support Grows for Gold Fixing Alternatives

by Christopher Lemieuxon July 7, 2014 6:48 pm BST
The gold industry is supporting the idea for alternative pricing methods to the questionable London gold fixing, which dates back nearly 100 years. Currently, four banks hold a conference twice daily to determine the going rate for the precious metal. There have been recent probes into how the fixing is conducted due to evidence of potential […]

Wheat Continues Epic Decent as Supplies Ample

by Christopher Lemieuxon June 30, 2014 9:41 pm BST
Speculators continued to get more bearish on wheat as forecasts see crops as more than ample. Prices on wheat futures have collapsed from $744 to $576, or $5.76 per bushel. Traders are betting that wheat prices will continue to decline, holding the most net-short contracts since mid-February. Global wheat inventories are expected to reach three-year […]

Gold Elevated on Geopolitical Tensions, Poor US Data

by Christopher Lemieuxon June 25, 2014 8:09 pm BST
Gold remained elevated for the sixth consecutive session as geopolitical tensions remain in the back of market participants’ minds. The situation between the Iraqi government and Islamic militants still remains unclear, as Iraq Prime MInister Mouri al-Maliki rejects to relinquish power to allow a formation of a national government to battle militants. The differences between […]