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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * Feel-good mood after German court decision fades quickly * Commodities, at multi-month highs after rally, erase gains * Day’s winners seek secular catalysts: soybeans, platinum * All eyes on FOMC decision on Thursday, Bernanke presser By Veronica Brown and Jonathan Leff LONDON\/NEW YORK, Sept 12 (Reuters) – A four-day rally in commodity markets faltered […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14565","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14565"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14565\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Feel-good mood after German court decision fades quickly\n * Commodities, at multi-month highs after rally, erase gains\n * Day's winners seek secular catalysts: soybeans, platinum\n * All eyes on FOMC decision on Thursday, Bernanke presser\n\n\n By Veronica Brown and Jonathan Leff\n LONDON\/NEW YORK, Sept 12 (Reuters) - A four-day rally in\ncommodity markets faltered on Wednesday, with signs of higher\noil and grain supplies tempering optimism over a German court's\napproval of a euro zone bailout fund and expectations of more\nmonetary easing from the U.S. Federal Reserve.\n While select markets such as platinum, aluminum and soybeans\ncarried on rising, broader risk assets, including oil, gold and\ncopper, pulled back from early session peaks to close little\nchanged on the day, with some traders pocketing recent gains\nthat lifted prices to their highest in months.\n Raw materials rose earlier in the day after the German court\ncleared the way for Germany to back the euro zone's new 700\nbillion euro European Stability Mechanism, boosting the bloc's\nability to face up to its debt crisis. \n \"There is some 'buy the rumor, sell the fact' selling going\non. The retreat in commodities is somewhat expected when you had\na big momentum run into the news,\" said Sean McGillivray, head\nof asset allocation for Great Pacific Wealth Management in\nOregon.\n Now traders are positioning ahead of the Fed's two-day\npolicy meeting that began on Wednesday, widely expected to\napprove a third dose of bond buying - or quantitative easing\n(QE) - to kick-start the economy, a stimulus that many expect to\nstoke further buying of commodities.\n The meeting, which is also expected to extend the central\nbank's zero interest rate pledge to 2015, will end on Thursday.\nThe result is expected to be released at 12:30 p.m. EST (1630\nGMT), while Chairman Ben Bernanke will hold a press briefing at\n2:15 p.m.\n \"Once again the big question is QE or not,\" said Gabriel\nGarcin, a portfolio manager at Europanel Research Alternative\nAsset Management in Paris, which invests in European hedge funds\nand CTAs. \n \"If they do, it could really push up prices. Then once again\nthe drivers of commodity prices would shift from supply demand\nfundamentals to more risk-on, buy everything that are risky\nassets.\"\n The Thomson Reuters-Jefferies CRB commodity index\nrose 0.25 percent, pausing after a four-day 2.1 percent rise\ntook the index to its highest since March.\n Stock markets and the euro also got a brief shot in the arm\nfrom the German court decision, but it proved fleeting. U.S.\nstock markets were marginally higher near the close, while the\ndollar index dipped 0.15 percent. \n \n GRAINS SPLIT ON USDA\n Chicago grain markets registered a split decision on the\nmonthly U.S. Agriculture Department crop report, with corn \ndropping more than 1 percent to $7.69-1\/2 per bushel after the\ndata suggested this summer's deep drought had done less damage\nthan expected to corn stalks at the end of the growing season.\n \n \"At least initially looking at the headline numbers, it's\ngoing to take some of the fear of super short production out of\nthis market,\" Jack Scoville, vice president of Price Futures\nGroup, said about corn.\n But soybean prices kicked 2.6 percent higher to\n$17.45-3\/4 per bushel, pushing back toward a record high after a\nfive-day slide. A smaller than expected production forecast and\nconcerns that farmers might harvest fewer acres than the USDA\nestimates fueled gains.\n \n OIL TEMPERED BY STOCK DATA\n Brent crude for October delivery, which expires on\nThursday, rose 56 cents, or 0.49 percent, to settle at $115.96 a\nbarrel, paring gains after an early push to a one-month high of\n$116.67. Second-month November Brent rose 0.3 percent.\n \n Early gains were driven both by the German decision and by\nnews that the U.S. ambassador to Libya and three other embassy\nstaff had been killed by militants in a rocket attack, reviving\ngeopolitical risk in the OPEC producer.\n But U.S. inventory data showing an unexpected nearly\n2-million barrel rise in crude stockpiles last week - opposite\nto forecasts of a 2.6-million barrel decline - knocked the wind\nout of prices, already fading in line with other risk assets.\n \n METALS RIDE UP\n London copper eked out a tiny gain after a strong\nthree-day run pushed prices above $8,000 a tonne for the first\ntime since May, while aluminium clung to its ninth\nconsecutive gain, both buoyed by QE hopes, as well as Chinese\ninfrastructure spending that should pump up demand.\n \n Gold, which has come back to life in recent weeks \nafter being rangebound for four months, also pulled back from a\nsix-month peak to trade at $1,731 an ounce, barely changed.\nSilver fell by nearly 1 percent. \n While many analysts anticipate further bullion gains as Fed\naction weighs on the dollar and stokes inflation, the focus for\nthe day was on platinum, which jumped another 2.8 percent\nto a more than five-month high amid spreading unrest in South\nAfrica, which controls around 80 percent of global output.\n South African police said striking miners blockaded roads\nleading to shafts belonging to number one producer Anglo\nAmerican Platinum Ltd. The price has risen by nearly 20\npercent since a strike at number three producer Lonmin Plc\n turned violent last month. \n \"The situation is delicate, very politically sensitive. But\nwe have to sit back and take a more neutral look at the market\nand say this is all sentiment driven,\" Societe Generale analyst\nRobin Bhar said. \"It's debatable as to how much of a sustained\nrise this will be once the dust has settled.\"\n\n Prices at 3:37 p.m. EST (1937 GMT) \n LAST\/ NET PCT YTD\n CLOSE CHG CHG CHG\n US crude 96.81 -0.36 -0.4% -2.0%\n Brent crude 115.65 0.25 0.2% 7.7%\n Natural gas 3.063 0.071 2.4% 2.5%\n \n US gold 1733.70 -1.20 -0.1% 10.7%\n Gold 1731.26 -0.38 0.0% 10.7%\n US Copper 371.00 -0.45 -0.1% 8.0%\n LME Copper 8096.00 6.00 0.1% 6.5%\n Dollar 79.718 -0.139 -0.2% -0.6%\n CRB 315.700 0.800 0.3% 3.4%\n \n US corn 769.50 -8.25 -1.1% 19.0%\n US soybeans 1745.75 44.25 2.6% 45.7%\n US wheat 890.00 6.25 0.7% 36.3%\n \n US Coffee 177.50 -0.05 0.0% -22.2%\n US Cocoa 2631.00 -1.00 0.0% 24.8%\n US Sugar 19.72 0.28 1.4% -15.1%\n \n US silver 33.233 -0.276 -0.8% 19.1%\n US platinum 1648.60 42.60 2.7% 17.3%\n US palladium 678.80 4.40 0.7% 3.5%<\/pre>\n