August 11, 2010 - Euro Coal-European prompt coal into backwardation - Coal prices into Europe for delivery in the next two months dropped into backwardation on Tuesday as demand in Asia remained weak, while futures prices struggled to hold the $100 per metric tonne mark September coal into Europe was around $93.75 a tonne on Tuesday afternoon, half a dollar down on the day, while October delivery coal into Europe was slightly weaker at $93.50 a tonne.
August 11, 2010 - Commodity prices drop on signs recovery weakening - Industrial metals and energy pared their losses Tuesday after the Federal Reserve said it would buy government debt, signaling that it will act to support the economic recovery as needed. Gold prices settled lower before the statement, but shot up in after-hours trading.
August 10, 2010 - Wheat Falls for a Third Day on Speculation Rally Carried Prices Too High - Wheat futures declined for a third day on speculation that prices have risen more than justified on falling production in Russia because world stocks of the grain remain ample.
August 10, 2010 - Crude Declines on Signs of Slowing Fuel Demand in U.S., China - Oil fell in New York on signs that fuel demand in the U.S. and China, the two largest energy consumers, is faltering as the economic recovery slows.
August 7, 2010 - A yen for bonds in ‘upside down’ financial world - The financial world “seems upside down”, writes Michael Heise, chief economist at Allianz, in Wednesday’s FT, noting that the spectre of inflation haunts countless TV and radio debates while gold and other precious metals are the flavour of the moment – and yet, he adds at the same time, yields on the main bond markets seem to be falling into an abyss, as if inflation had been nailed into its coffin for the foreseeable future. Yields on German government bonds have been flirting with all-time lows in early summer, and US long-term interest rates are still hovering at an exceptionally low level.
August 7, 2010 - And now, the main event -- inflation vs. deflation - Federal Reserve Bank of St. Louis President James Bullard shot a warning over the bovine bow last week, saying the U.S. is at risk of falling into a Japan-like deflationary trap
August 7, 2010 - Soybeans Rise as China Boosts Imports From U.S.; Corn Rallies on Dry Spell - Soybeans rose, capping the longest rally since 2007, as increased demand from China threatened to erode stockpiles in the U.S., the largest exporter. Corn also gained as hot, dry weather may limit U.S. crop yields.
August 7, 2010 - Sugar Has Biggest Price Drop Since May as Indian Supply Outlook Improves - Raw-sugar futures declined, capping the biggest weekly drop since late May, on concern that India, the world’s second-biggest producer, may boost exports as rain aids its cane crop. India may be able to export about 1 million metric tons in the year starting in October, Macquarie Group Ltd. said in a report.
August 6, 2010 - Drought Sends Ruble Forwards to Three-Month High on Inflation - Russia’s drought is sending forward contracts on the ruble to the strongest level in three months on speculation the central bank will allow the currency to appreciate to help combat rising food prices.
August 5, 2010 - Oil Futures Contango Collapses as Cushing Inventories Swell: Energy Market - Record oil stockpiles in the U.S. Midwest are reducing the premium traders will pay for later deliveries amid signs that fuel demand may be ebbing as the pace of the economic recovery slows.
August 5, 2010 - China's iron ore, steel trends hit markets - Rising domestic iron ore production and slowing steel demand have hit some foreign miners and affected the global market, industry leaders said on Tuesday. China's iron ore imports dropped for the third straight month to 47.2 million tons in June, while spot prices have dropped to about $122 per ton after peaking at $185 per ton in April.
August 5, 2010 - Copper at 3-week high on buying, lower inventories - Copper rose to a three-week high on Wednesday due to strong physical and Chinese buying and falling inventories, but gains were capped by uncertainty over economic growth. Benchmark copper for three-month delivery on the LME traded at $6,790 a tonne from $6,637 at the close on Tuesday and compared with a session high at $6,830.
August 5, 2010 - Rubber Gains to Five-Week High as U.S. Jobs Data Spurs Demand - Rubber advanced to a five-week high as better-than-expected U.S. employment data spurred optimism in an economic recovery, boosting demand for the commodity. Futures in Tokyo climbed as much as 3 percent to the highest level since June 28 after U.S. reports showed service industries and payrolls rose more than forecast in July. Prices also gained as Asian stocks rose toward a three-month high, boosting investor appetite for riskier assets.
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