Supply deficit likely on global coffee market

Nov 13, 2015 12:20 pm UTC| Commentary

There is a 2.8 million bag deficit on the global coffee market in 2015/16, says London-based commodities broker Marex Spectron in a report on Thursday.This would be the second year of deficit in a row. In 2014/15, a...

Higher oil production in US put pressure on price

Nov 13, 2015 11:28 am UTC| Commentary

Crude oil stocks at Cushing grew by 2.2 million barrels. The increased rate of crude oil processing balance the increased imports. This prevented an even more pronounced inventory build.In the months before, oil production...

French wheat stocks likely to be doubled in 2015/16

Nov 13, 2015 10:15 am UTC| Commentary

FranceAgriMer, a French agricultural forecasting authority has increased its forecast for 2015/16 French soft wheat ending stocks by 400000 to 5.2 mn tonnes, on Thursday.They seem ready to reach more than twice as high as...

SNB may react to ECB measure

Nov 13, 2015 10:10 am UTC| Commentary

The SNB will try to take advantage of recent CHF REER depreciation. Hence, the Bank may react to the ECBs additional stimulus.An immediate response from the SNB is anticipated in the form of the removal of all exemptions...

Gold and platinum drop to multi-year lows

Nov 13, 2015 10:00 am UTC| Commentary

Gold dragged down other precious metals along with it, for instance silver slid to 2.5 month low, platinum and palladium prices are still sliding this morning.Platinum fell to $870 per troy ounce, its lowest since December...

Oil prices continue the slippage

Nov 13, 2015 09:48 am UTC| Commentary

Oil prices picked up their sliding pace yesterday. Brent crude oil dropped by 4% and reportes a 2.5 month low at $44 per barrel. In last two trading days, it lost nearly 7%.Also, there is sharp fall seen in WTI off late....

BoE’s lift-off likely in Q2 2016

Nov 13, 2015 09:25 am UTC| Commentary

UKs unemployment rate and wage growth were according to the expectations. Healthy growth momentum is seen in UK economy and labor market also improved noticeably.UK labor market continues to tighten as signaled by the...