Headlines
Supply shortages boosting corn price
Fri, 08 Apr 2011 14:39:04 CDTCorn prices have surged over the past few years as burgeoning global demand has eclipsed stockpiles. According to the U.S. government, domestic corn stockpiles could fall precipitously from the same time a year ago.
Gold futures hit record levels for fourth straight day; silver futures top $40
Fri, 08 Apr 2011 14:37:50 CDTGold futures hit new record levels for the fourth straight day in trading on Friday, fueled by a weakening dollar. Silver futures traded above $40 per troy ounce.
Copper futures climb on speculation supplies would fall
Thu, 07 Apr 2011 20:04:16 CDTCopper futures climbed in trading on Thursday for the third straight day on bets that quickly rising demand will outstrip global stockpiles.
Gold futures hover at record levels; silver eyes $40
Thu, 07 Apr 2011 14:52:11 CDTGold futures hovered near record levels in trading on Thursday as investors endeavored to ascertain whether the recent run-up in value is overdone. Silver futures traded at their highest levels in over three decades.
Cocoa futures climb on Ivory Coast concerns
Wed, 06 Apr 2011 15:55:59 CDTCocoa futures climbed in trading on Wednesday, driven higher on speculation that resumed production in the Ivory Coast would take time to translate into increased exports.
Gold futures hit record levels, silver at 31-year high
Wed, 06 Apr 2011 15:41:38 CDTGold futures traded at record levels for the second straight day on Wednesday as demand for the yellow metal grew on the political and economic instability coursing throughout the globe. Silver futures also hit a 31-year high as demand jumped.
Gold futures hit record levels; silver near 30-year high
Tue, 05 Apr 2011 14:20:00 CDTGold futures hit record levels in trading on Tuesday as investors sought out the yellow metal as a haven asset amidst lingering sovereign-debt concerns in the euro zone, the conflict in Libya and the ongoing crisis in Japan. Silver futures hit their highest levels in over 30 years.
Gold, silver futures up on inflation concerns
Mon, 04 Apr 2011 16:15:46 CDTGold futures climbed higher in trading on Monday on speculation that loose monetary policies employed by central banks around the world during the depths of the recession would soon lead to higher interest rates to curb a potential uptick in inflation; silver futures also jumped 2 percent.
Survey: Copper prices to fall before rebounding by end of year
Mon, 04 Apr 2011 16:14:58 CDTCopper futures trended lower during the first three months of 2011 as a variety of factors like increasing stockpiles and diminished Chinese demand coalesced to soften demand. Nonetheless, copper futures could rebound through the end of 2011 as shortages take hold.
Gold futures decline on speculation Fed could rein in monetary policy
Fri, 01 Apr 2011 16:21:13 CDTThe positive jobs report out of the U.S. on Friday sent gold futures down the most in over two weeks as investors increasingly expect the Fed will rein in its monetary policy following the end of QE2 in June.
Gold futures up on Libyan conflict, head for longest streak of quarterly gains in over 30 years
Thu, 31 Mar 2011 17:38:51 CDTAfter falling in trading on Monday and Tuesday, gold futures have rallied the past two sessions, buoyed by escalating violence in Libya and lingering concerns over the euro zone's sovereign debt crisis. Gold futures are headed for their longest streak of quarterly gains in more than 30 years.
Copper futures decline on worsening global economic outlook
Wed, 30 Mar 2011 15:20:59 CDTThough copper futures surged in value in 2010 on a global economic recovery, the metal declined in trading on Wednesday, falling for a fifth straight day on speculation global economic growth will cool.
Gold futures rally on escalating violence in Libya, lingering euro zone debt worries
Wed, 30 Mar 2011 15:18:48 CDTGold futures rallied in trading on Wednesday after falling earlier in the week as escalating violence in North Africa and worries over the euro zone's sovereign debt crisis coalesced to boost the metal's appeal as a haven asset.
Gold futures drop on bets interest rates could rise as U.S. economy improves
Tue, 29 Mar 2011 15:54:05 CDTIn trading on Tuesday, gold futures fell on speculation that the economic recovery in the U.S. is sustained and will result in higher interest rates as the Fed scales back its aggressive program of purchasing U.S. Treasury securities.
Gold futures fall on improving U.S. economy
Mon, 28 Mar 2011 17:33:37 CDTGold futures declined for the third consecutive day of trading following weekly gains throughout February and March on an improving economic outlook for the U.S.
Allianz Global: Gold to lead commodity gains in 2011
Fri, 25 Mar 2011 13:12:39 CDTThough a <a href="http://barcap.info/About+Barclays+Capital/Press+Office/News+releases/News,1729,Investors+bullish+on+2011+outlook+for+commodities">report</a> from banking giant Barclays this week said investors think gains in gold would be limited this year, a newly released study states that gold could lead gains in commodities in 2011 as investors look for a way to hedge their investments against climbing inflation rates in the wake of the nascent global economic recovery.
Droughts plaguing Texas affecting wheat, cattle supplies
Thu, 24 Mar 2011 16:14:33 CDTCommodity prices have surged over the past year as global demand, especially from emerging economies, has far outpaced supply. In Texas, inclement weather is hurting the state's wheat crops and has forced farmers to reduce cattle herds, driving wheat and livestock prices higher.
Chinese demand for gold could outpace India
Thu, 24 Mar 2011 16:08:42 CDTDemand for gold in China has risen precipitously over the past decade. Among other factors, a burgeoning middle class, growing wealth and anxious investors looking for a store of value have fueled the rise. Though India is currently the world's biggest user of the metal, it could soon be overtaken by China.
Gold futures hit record levels, retreat on speculation rise was overdone
Thu, 24 Mar 2011 16:07:31 CDTGold futures have steadily climbed over the past weeks as violence escalated in North Africa and the Middle East. On Thursday, gold futures touched record levels before declining on speculation the price rally was overdone.
Barclays survey: Investors bullish on commodities in 2011
Wed, 23 Mar 2011 15:55:05 CDTInvestors plan to increase their holdings in commodities over the next 12 months, according to a recently published report from Barclays Capital.
Gold futures hit near-record on worries over Libyan conflict, euro zone sovereign debt
Wed, 23 Mar 2011 15:53:57 CDTGold futures hit near record levels in trading on Wednesday, buoyed by escalating tensions in the Middle East and North Africa, where coalition forces are enforcing a no-fly zone over Libya; jittery investors are also concerned about the euro zone's sovereign debt crisis, which is still fueling worries.
Corn futures rise slightly
Tue, 22 Mar 2011 16:25:52 CDTCorn futures rose slightly in trading on Tuesday on speculation that U.S. farmers would increase planting this year, allaying concerns that global supplies would be tight in the coming year; corn futures have climbed the past four sessions.
Gold futures climb on Libyan conflict
Tue, 22 Mar 2011 16:23:59 CDTEscalating violence in Libya sent gold futures higher in trading on Tuesday as the metal's status as a haven asset was boosted by the political instability that currently rages inside the North African country.
Cocoa traders could be forced to pay taxes to Gbagbo in Ivory Coast
Tue, 22 Mar 2011 15:39:07 CDTFollowing November's disputed presidential elections in the Ivory Coast, former president Laurent Gbagbo has refused to relinquish power to the internationally recognized winner, Alassane Ouattara. Now, some cocoa traders are set to pay taxes to Gbagbo in a move analysts say could extend the standoff.
Gold climbs on Libyan conflict
Mon, 21 Mar 2011 17:23:53 CDTThe U.S.-led coalition that is enforcing a no-fly zone in Libya left the markets uneasy on Monday, sending gold futures higher as investors turned to the metal as a haven asset amid the political and economic instability in the Middle East and North Africa.