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Commodities rise to highest in 14 weeks as crops, metals advance

Posted on 17 July 2013

Commodities jumped to a 14-week high as crop conditions declined and prospects improved for raw-material demand in the U.S. and China, the world’s largest consumers of everything from corn and oil to pork and copper.
The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 0.2 percent to settle at 645.99 at 3:43 p.m. in New York, after reaching 648.91, the highest since April 3. Soybeans and corn climbed more than 1.4 percent, cocoa jumped 3.1 percent and copper increased 1.3 percent. The GSCI has risen 5.7 percent this month, almost erasing its loss for the year………………………………………..Full Article: Source


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