Wednesday, December 19, 2018
Text size

cameco sees japan uranium recovery: commodities

two years after the fukushima disaster caused some countries to abandon atomic power generation, cameco corp. says japan is stepping up uranium imports on speculation the government will allow more idled reactors to restart.

world food prices stable, low stocks pose risk of spikes: u.n.

(reuters) - world food prices stabilized in january after falling in the previous three months, the united nations food agency said on thursday, but it warned that adverse crop weather could cause violent price spikes due to tight grains stocks.

global food prices surged in mid-2012 following the worst u.s. drought in more than half a century and dry weather in other key grains exporters, raising fears of a food crisis similar to the one in 2008.

but prices eased in the last three months of 2012 due to expectations that large south american production will replenish tight global cereals supplies.

bulls rewarded with best january rally since 2006: commodities

speculators increased their bullish commodity wagers for a third straight week before prices capped the biggest january rally since 2006 on signs that the global recovery will be sustained by central bank stimulus.

hedge funds and other money managers raised net-long positions across 18 u.s. futures and options in the week ended jan. 29 by 5.6 percent to 800,738 contracts, the highest since dec. 11, u.s. commodity futures trading commission data show. traders became the most bullish on cotton since october 2010 and increased wagers on silver gains. crude-oil holdings rose a seventh week, the longest stretch, data starting in 2006 show.

cotton leads gains as emissions tumble 40%: commodities at close

the standard & poor’s gsci gauge of 24 commodities rose 0.4 percent to 664.53 at 4:54 p.m. in london. the ubs bloomberg cmci index of 26 raw materials was down less than 0.1 percent at 1,595.593.

soft commodities

cotton futures rose for the seventh straight session, the longest rally in almost two years, on bets that production will drop in the u.s. as demand rebounds in china. sugar, cocoa and orange juice declined.

cotton for march delivery rose 1.5 percent to 81.66 cents a pound on ice futures in new york, after reaching 81.82 cents, the highest for a most-active contract since may 10. prices rallied 6.6 percent in the six previous session.

copper falls; oil trades at one-week low: commodities at close

the standard & poor’s gsci gauge of 24 commodities fell 0.01 percent to 661.91 at 5:05 p.m. singapore time. the ubs bloomberg cmci index of 26 raw materials decreased 0.3 percent to 1,592.227.

crude oil

oil traded near the lowest level in a week in new york after u.s. crude stockpiles gained and capacity on the seaway pipeline was reduced.

west texas intermediate crude for march delivery was at $95.39 a barrel, up 16 cents, in electronic trading on the new york mercantile exchange at 4:04 p.m. singapore time. the contract dropped $1.45 yesterday, the most since dec. 21, to the lowest price since jan. 16. the average volume of all futures traded was 32 percent above the 100-day average.

Pick a Market

Login to the Contributor Network