Featured Blogs
Top Traders Are a Cot Above The Rest
Views: 6455
Comments: 9
The Writing is On The Wall
Views: 3815
Comments: 18
How The CPU Terminated The Corn Broker
Views: 3590
Comments: 10
Why Farmers Have More 'Tweet Cred' Than Forex Traders
Views: 2706
Comments: 1
USDA Chief Says Social Media is Important for Farmers
Views: 2184
Comments: 3
Post Comments
Have The Commodity Bulls Come Home for Christmas?
Posted: 12/21/11
By: tomgrisafi
The Standard & Poor’s GSCI gauge of 24 commodities spiked 2.4 percent to close at 634.48 in New York yesterday, led by cocoa, gasoline and crude oil.
The increase was the biggest since Oct. 27, Bloomberg reported.
Crude oil also rose the most since October. Futures for January delivery gained 3.6 percent to settle at $97.22 a barrel.
Corn and soybeans rose on speculation that scattered showers forecast for Brazil and Argentina this week will fail to bring relief to crops after hot, dry weather reduced soil moisture. Wheat gained.
Corn futures for March delivery rose 1 percent to settle at $6.07 a bushel on the Chicago Board of Trade.
Soybean futures for January delivery climbed 0.7 percent to $11.54 a bushel on the CBOT.
Wheat futures for March delivery rose 1.3 percent $6.07 a bushel, capping a three-session gain of 4.9 percent.
Source: Bloomberg
0 Comments
Be the first to comment on this blog!
Advertisers
Advertise your company today at IndianaGrain.com! Contact us now for more information.