29.08.2016 - Wheat Prices Fall To Lowest In A Decade
Fed chair, Janet Yellenís speech on Friday night failed to rattle commodity markets - even as it helped to push the value of the US dollar higher. In fact she was aided by a speech from Fed deputy chair, Stanley Fischer, who is anything was a bit more certain that the case was there for an increase in US rates - but there were not hints on when that case might become clearer. As a result commodities were mostly steady to a touch weaker (but not zinc which jumped sharply in London), or wheat which fell to decade lows in Chicago. US oil futures managed to hold on to a modest gain on Friday night, our time, but finished well off the sessionís highs as the greenback moved sharply higher...............................................Full Article: Source
Print