Posts Tagged

commodities

The bears are treading on the stock market.
Business Headlines

©2015 Bloomberg News NPY8GFSYF01S (Bloomberg) — Hedge funds retreated from bearish bets on agricultural commodities too soon as the U.S. government said crop supplies will keep getting bigger. Speculators cut the net-short position in wheat, dumping wagers on declines at the fastest pace since 2013, just before prices tumbled for

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a cornfield with wheat at harvest. a combine harvester at work.
Business Headlines

©2015 Bloomberg News NP7TSVSYF01T (Bloomberg) — Hedge funds accumulated the most bearish bet ever on crops from corn to soybeans after a mix of sunshine and rain created almost perfect growing conditions for U.S. farms. Across the Midwest, the weather’s been dry enough to get fieldwork done, with enough showers

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Businessman from the back on a long country road
Business Headlines

©2015 Bloomberg News NOCWTK6KLVRB (Bloomberg) — Wheat futures posted the biggest gain in almost four years on speculation that hedge funds bailed out of record bearish bets amid concern that adverse weather will damage crops in the U.S., the world’s top exporter. Severe thunderstorms were forecast for the Great Plains

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Cup Of Espresso With Coffee Beans
Business Headlines

©2015 Bloomberg News NMPJX96K50XS (Bloomberg) — Coffee, last year’s best-performing commodity, is now the worst thanks to the return of rains in parched growing areas of Brazil. Showers in February and March brightened the outlook for crops that will start being collected in May. With more coffee on the way, exporters

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Get Taken For A Ride
Business Headlines

©2015 Bloomberg News NM58JC6K50Y1 (Bloomberg) — Wheat traders are suffering from whiplash. Prices swung more than 3 percent on five occasions in the past nine days, the first time that’s happened since 2011, according to data compiled by Bloomberg. A drought spreading over the U.S. plains sent Chicago futures to

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Bridge Between Europe And Russia
Business Headlines

©2015 Bloomberg News NLTX626K50YO (Bloomberg) — Russia is exporting half as much wheat as last year after the government started taxing overseas shipments as a way to reduce local food prices. The country will sell 65 percent less wheat in March than the previous year, according to estimates from ZAO Rusagrotrans,

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Pieces Of Coal In Dirty Palm
Business Headlines

Copyright 2015 Bloomberg. NL4C4M6TTDS8 (Bloomberg) — In the last year, mining companies eliminated about 15 million tons of production capacity for the coal used to make steel, while outlining plans to double those cuts in the near future. It won’t be near enough. That’s the determination of Chief Executive Officer Don

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Commodity
Business Headlines

Copyright 2015 Bloomberg. NL0U966K50XU (Bloomberg) — Gold traded near the lowest level in three months after the dollar strengthened to a decade-high on expectations that the Federal Reserve will raise U.S. interest rates as the world’s largest economy improves. Bullion for immediate delivery was at $1,163.55 an ounce at 8:18 a.m.

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oil and gas workers inside large petrochemical oil refinery
Business Headlines

Copyright 2015 Bloomberg. NK9ABM6K50YI (Bloomberg) — Oil traded below $50 a barrel before U.S. government data forecast to show crude inventories expanded from a record high in the world’s biggest consumer. Futures were little changed in New York after falling 2.7 percent on Monday. Crude stockpiles probably rose by 3.75 million

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Commodity
Business Headlines

Copyright 2015 Bloomberg. NK6ZYY6JTSEC (Bloomberg) — Judging by the barometer of hedge-fund interest, there’s less to get excited about in gold these days. Even as Greece battled with its creditors to avoid default and keep the euro zone intact, speculators retreated from the metal used as a haven from economic and

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