01.10.2014 - Commodities Head for Biggest Quarterly Loss Since 2008
Corn futures tumbled to a five-year low, gold is the cheapest since January and copper extended this year’s decline as raw materials posted their worst quarter since 2008. The Bloomberg Commodity Index fell as much as 1.5 percent today, the biggest intraday loss since June 2013. U.S. corn inventories before the start of this year’s harvest were bigger than analysts forecast, the government said today. Holdings in bullion-backed exchange-traded products are near the lowest in five years amid waning investor demand...............................................Full Article: Source
Print