\t\t<\/p>\n
\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * Investors worry about demand despite Fed, ECB stimulus * Data shows 2nd month of declines in NY state factory activity * Crude oil, CRB index lose most in a day since July * Soybeans drop by daily limit, sharpest drop in 1-1\/2 years By Barani Krishnan NEW YORK, Sept 17 (Reuters) – Commodity markets […]<\/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-14712","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\/14712","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=14712"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14712\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Investors worry about demand despite Fed, ECB stimulus\n * Data shows 2nd month of declines in NY state factory\nactivity\n * Crude oil, CRB index lose most in a day since July\n * Soybeans drop by daily limit, sharpest drop in 1-1\/2 years\n\n By Barani Krishnan\n NEW YORK, Sept 17 (Reuters) - Commodity markets tumbled on\nMonday, as investors worried about the demand outlook for oil,\nmetals and grains after weeks of rising prices built on optimism\nover economic stimulus in the United States and Europe.\n With technical charts showing many commodity markets in or\nnear overbought territory, weak regional U.S. manufacturing data\ngave commodity traders another reason to sell markets that had\nhit multi-month highs. Investors worried that high prices may\nhurt demand for commodities even as the Federal Reserve and\nEuropean Central Bank take steps to reboot economic growth.\n Oil and copper prices sank between 2 and 3 percent each, and\nsoybean futures slumped about 4 percent.\n The 19-commodity Thomson Reuters-Jefferies CRB index \nfell 2 percent, posting its biggest one-day loss in 2-1\/2\nmonths.\n \"The speed and severity of the sell-off in such a short time\nacross commodity markets illustrates how correlated and fragile\nmarkets can be,\" said Adam Sarhan at New York's Sarhan Capital.\n Until last week, the CRB had logged seven straight weekly\ngains, as investors banked on the Fed's third round of\nquantitative easing to push commodity prices higher.\n The Fed said last Thursday it will buy $40 billion worth of\nmortgage debt a month until the U.S. jobs market improves,\nfueling a run-up in risky assets whose prices had languished for\nmonths on a dim global economic outlook. \n Even so, some analysts had doubts about whether the rally\nwould last, as past evidence has shown it takes months, or as\nmuch as a year, for substantive gains to build after a Fed\neasing. \n Crude oil prices fell their most in a day since July, with\nLondon's benchmark Brent crude crashing through technical\nsupport to touch a 5-week bottom below $112 per barrel after\nclosing down 2 percent officially at $113.79.\n U.S. crude settled down 2.4 percent at $96.62.\n Trading volumes in crude, initially muted due to a Jewish\nholiday, spiked as the market headed down. Ten thousand lots of\nBrent traded in one minute during the drop, up from 152 lots the\nminute before the market's turn.\n Brent crashed through the 200-day moving average before\nbeginning to recover, prompting some oil traders to seek an\nexplanation for the abrupt fall. \n \"I've been doing this for 14 years and that's the fastest\nmove I've ever seen,\" said John Gretzinger, energy risk manager\nat INTL-FCStone in Kansas City. \n \"I think it was too fast to be anything but HFT\n(high-frequency trading) or other algos,\" he said, referring to\ntrading based on algorithms. \"We just don't know right now, but\nthat's my gut feeling.\" \n \n \n \n \n Some pinned the selling on data showing weak factory\nactivity in New York state, which had a second straight month of\ndeclines in September to a near 3-1\/2 year low, according to a\nreport from the Federal Reserve Bank of New York.\n \n Investors also questioned whether stimulus by the European\nCentral Bank be enough to end the euro zone debt crisis.\n U.S. copper futures extended losses in after-hours trade,\nshowing the biggest slump in a day since August.\n The most-active copper contract for December delivery fell\nto a session bottom of $3.7270 after settling down 1 percent at\n$3.7920.\n Three-month copper on the London Metal Exchange \nclosed down 1 percent at $8,302 per tonne.\n U.S. soybean futures tumbled by the daily trading limit,\nposting their biggest percentage drop in 1-1\/2 years, on selling\nsparked by anecdotal accounts of better-than-expected yields in\nthe drought-ravaged Midwest farm belt.\n \"There have been reports of yields being better than\nexpected during the harvest over the weekend, and farmers were\nalso selling more corn than expected because they don't want to\nstore grain that is affected by diseases,\" said Charlie\nSernatinger, vice-president of sales at ABN AMRO.\n Jeff Hainline, president of Advance Trading, added: \"It's\nnothing scientific, but these are people we trust.\"\n Chicago-traded soybeans for November delivery slid 4\npercent to $16.69 a bushel and registered the lowest front-month\nprice since Aug. 20.\n Corn futures also fell 4 percent while wheat \ntumbled 5 percent.\n \n Prices at 4:33 p.m. EDT (2033 GMT) \n LAST\/ NET PCT YTD\n CLOSE CHG CHG CHG\n US crude 96.26 -2.74 -2.8% -2.6%\n Brent crude 113.23 -3.43 -2.9% 5.4%\n Natural gas 2.865 -0.078 -2.7% -4.1%\n \n US gold 1770.60 -2.10 -0.1% 13.0%\n Gold 1759.50 -9.96 -0.6% 12.5%\n US Copper 381.00 -4.15 -1.1% 10.9%\n LME Copper 8301.00 -79.00 -0.9% 9.2%\n Dollar 78.972 0.125 0.2% -1.5%\n CRB 314.460 -6.460 -2.0% 3.0%\n \n US corn 752.50 -33.50 -4.3% 16.4%\n US soybeans 1670.00 -70.00 -4.0% 39.3%\n US wheat 890.25 -46.25 -4.9% 36.4%\n \n US Coffee 175.65 -5.45 -3.0% -23.0%\n US Cocoa 2584.00 -58.00 -2.2% 22.5%\n US Sugar 20.03 0.12 0.6% -13.8%\n \n US silver 34.298 -0.305 -0.9% 22.9%\n US platinum 1671.60 -41.10 -2.4% 19.0%\n US palladium 688.60 -10.20 -1.5% 4.9%<\/pre>\n