{"id":14829,"date":"2012-09-21T04:42:10","date_gmt":"2012-09-21T02:42:10","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/commodities-another-mixed-day-as-brent-oil-up-metals-crops-down\/"},"modified":"2012-09-21T04:42:10","modified_gmt":"2012-09-21T02:42:10","slug":"commodities-another-mixed-day-as-brent-oil-up-metals-crops-down","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/commodities-another-mixed-day-as-brent-oil-up-metals-crops-down\/","title":{"rendered":"COMMODITIES-Another mixed day as Brent oil up; metals, crops down"},"content":{"rendered":"<p>\t\t<!--[if IE]&gt; div#resizeableText { overflow-x:auto; overflow-y:hidden; } &lt;![endif]--><\/p>\n<p>\t\t<span><\/span><\/p>\n<pre>* Brent up 2 pct, halting 3-day slide as gasoline supports\n    * Metals slip; copper retreats from Wednesday's 4-mth peak\n    * Soybeans down after speedy harvest, encouraging yields\n\n    By Barani Krishnan\n    NEW YORK, Sept 20 (Reuters) - Prices of Brent crude oil rose\non Thursday, halting a three-day selloff that followed last\nweek's enlarged U.S. stimulus plan, while metals and crop\nmarkets mostly fell in another mixed performance for\ncommodities.\n    The dollar surged to a one-week high against the euro\n, pressuring commodities priced in the U.S. currency,\nafter weak data from the United States, Europe and China stoked\nglobal growth worries. \n    Copper prices shed 1 percent, retreating from a 4-1\/2 month\nhigh hit the previous session. Gold backed away from a 6-1\/2\nmonth high in Asian trade before ending little changed in New\nYork.\n    Soybean and corn futures slipped as well as the brisk pace\nof the domestic harvest and global economic worries dampened\ninvestor sentiment.\n    Coffee also lost ground, for a second straight day,\nsettling down 3 percent to lead losses on the bellwether Thomson\nReuters-Jefferies CRB commodities index.\n    The CRB itself fell half a percent, finishing down for a\nfourth day. Eight of its 19 components ended in positive\nterritory, with gasoline leading gains, with a 3 percent rise.\n    Fresh bearish sentiment came upon metals and crop markets\nafter data showing the downturn in the euro zone's service\nsector steepened this month at the fastest pace since July 2009.\nU.S. manufacturing also closed out its weakest quarterly growth\nrate in 3 years in September.  \n    \"That (data) is certainly going to limit how bullish the\nmarket can get, irrespective of the supportive policy action\nfrom the ECB and Fed,\" Barclays analyst Nicholas Snowdon said,\nreferring to stimulus measures of the European Central Bank and\nthe U.S. Federal Reserve.\n    In base metals, three-month copper futures on the London\nMetal Exchange dropped $85 to end at $8,265 a tonne,\nafter hitting a 4-1\/2-month peak at $8,422 on Wednesday.\n    A rapid start to the U.S. soybean harvest and reports of\nbetter-than-expected yields weighed on grains markets, even\nthough analysts believe U.S. and global supply will remain\nextremely tight after the worst drought in the United States in\nhalf a century slashed yield potential. \n    U.S. soybean futures for November delivery lost 3\npercent, or 50-3\/4 cents, in Chicago trade, settling at\n$16.18-3\/4 a bushel.\n    On the energy front, Brent crude closed up $1.84 at\n$110.03 per barrel, supported partly by a rally in gasoline.\n    U.S. gasoline futures jumped 2.6 percent, after a\nfire at Venezuela's 146,000 barrel per day El Palito refinery\nand a decline in the U.S. gasoline inventory reported by the\ngovernment on Wednesday. \n    The Venezuelan fire followed last month's blaze at the OPEC\nmember's Amuay 645,00 bpd refinery. The U.S. Energy Information\nAdministration (EIA) said domestic gasoline stocks fell 1.41\nmillion barrels last week.\n    \n Prices at 5:21 p.m. EDT (2121 GMT)      \n                             LAST\/      NET    PCT     YTD\n                             CLOSE      CHG    CHG     CHG\n US crude                    92.14    -0.11  -0.1%   -6.8%\n Brent crude                110.33     2.14   2.0%    2.7%\n Natural gas                 2.797    0.035   1.3%   -6.4%\n \n US gold                   1770.20    -1.50  -0.1%   13.0%\n Gold                      1766.20    -2.99  -0.2%   12.9%\n US Copper                  377.25    -5.65  -1.5%    9.8%\n LME Copper                8270.00   -80.00  -1.0%    8.8%\n Dollar                     79.421    0.368   0.5%   -0.9%\n CRB                       306.930   -1.480  -0.5%    0.5%\n \n US corn                    749.50    -9.25  -1.2%   15.9%\n US soybeans               1617.75   -51.50  -3.1%   35.0%\n US wheat                   891.50    -2.25  -0.3%   36.6%\n \n US Coffee                  168.60    -5.80  -3.3%  -26.1%\n US Cocoa                  2519.00   -19.00  -0.7%   19.4%\n US Sugar                    19.21     0.25   1.3%  -17.3%\n \n US silver                  34.618    0.099   0.3%   24.0%\n US platinum               1623.40   -16.50  -1.0%   15.6%\n US palladium               659.60   -11.40  -1.7%    0.5%<\/pre>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Brent up 2 pct, halting 3-day slide as gasoline supports * Metals slip; copper retreats from Wednesday&#8217;s 4-mth peak * Soybeans down after speedy harvest, encouraging yields By Barani Krishnan NEW YORK, Sept 20 (Reuters) &#8211; Prices of Brent crude oil rose on Thursday, halting a three-day selloff that followed last week&#8217;s enlarged U.S. [&hellip;]<\/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-14829","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\/14829","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=14829"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14829\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}