07.07.2014 - Commodities begin H2 2014 on a mixed note, agri bears heavy losses:Saxo Bank
Commodities have begun the second half of 2014 on a mixed note with Bloomberg Commodity Index (formerly DJ-UBS) falling for second week in a row. The losses were on account of decline in corn, soybeans, soft commodities such as sugar and Arabica coffee, according to Ole S Hansen, Head of Commodity Strategy at Saxo Bank. The price of key crops such as corn and soybeans traded on the Chicago Board of Trade (CBOT) plunged on Monday following the release of two reports from the US Department of Agriculture. Both the quarterly stock report and the latest update on planted acreage surprised the markets with the stock report showing domestic stockpiles of grains as being significantly bigger than what was forecast...............................................Full Article: Source
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