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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":" * Risk off day after clashes in Athens, Madrid * US crude prices down despite stockpile decline * Copper hits 2-week low, after recent 4-1\/2-month peak * Soybeans and corn prices near 3-month bottom By Barani Krishnan NEW YORK, Sept 26 (Reuters) – Oil and metals prices tumbled on Wednesday after Spain’s spiraling borrowing costs […]<\/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-14983","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\/14983","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=14983"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14983\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Risk off day after clashes in Athens, Madrid\n * US crude prices down despite stockpile decline\n * Copper hits 2-week low, after recent 4-1\/2-month peak\n * Soybeans and corn prices near 3-month bottom\n\n\n By Barani Krishnan\n NEW YORK, Sept 26 (Reuters) - Oil and metals prices tumbled\non Wednesday after Spain's spiraling borrowing costs signalled a\nworsening European debt crisis, and U.S. soybeans and corn fell\nto near three-month lows as the Midwest harvest rapidly\nadvanced.\n Anti-austerity demonstrators clashed with police in Athens\n and Madrid, and the euro fell to\na two-week against the dollar, pushing investors to cut\nrisk in markets from commodities to currencies and stocks.\n \n The bellwether 19-commodity Thomson Reuters-Jefferies CRB\nindex closed down 1 percent, after dropping to a six-week\nlow.\n \"It is 'risk off' today,\" said Olivier Jakob, energy analyst\nat Petromatrix in Zug, Switzerland. \"The Greek strike and\nSpanish demonstrations are getting a lot of coverage.\"\n Data showing an unexpectedly sharp decline last week in U.S.\ncrude stockpiles - meaning more demand for oil than anticipated\n- did little to boost crude prices.\n The front-month contract for U.S. crude settled down\n1.5 percent at $89.98 a barrel, its lowest close - and the first\nbelow $90 - since Aug. 2. The price drop came despite the U.S.\nEnergy Information Administration reporting a 2.45\nmillion-barrel decline in crude inventories last week. \n London's benchmark Brent crude ended down 0.4\npercent, near a one-week bottom, at $110.04.\n Commerzbank oil analyst Carsten Fritsch said investors were\nlosing faith in the ability of the European Central Bank to hold\nthe euro zone together.\n \"No solution is in sight for the euro zone crisis,\"\nFrankfurt-based Fritsch said. \"It is impossible to make\nfinancial reforms in the face of such strong opposition from the\npeople.\"\n Greek police fired teargas at youths hurling petrol bombs\nand stones as tens of thousands took to the streets in Greece's\nbiggest anti-austerity demonstration in months. \n The Bank of Spain said the country's gross domestic product\nfell at a \"significant rate\" in the third quarter, pressuring\nEuropean equities to their worst session in two months.\n \n Copper prices hit a two-week low, posting their largest\nsingle-session decline since Aug. 2.\n Copper, used in construction and the power sector, had\ngained about 16 percent from early August until hitting a 4-1\/2\nmonth peak last week on the back of stimulus measures from the\nEuropean Central Bank and U.S. Federal Reserve. \n The metal has eased 4 percent since touching that peak of\n$8,422 a tonne on the London Metal Exchange.\n \"After the central banks' action prices ran ahead of the\nfundamentals, but there is a general recognition now that the\nrally was overdone and problems haven't really gone away yet,\"\nsaid Standard Chartered analyst Daniel Smith. \n \"There are some key concerns at this point: there are\nongoing worries about the euro zone and about a softer tone in\nChina,\" Smith said, referring to the world's largest copper\nbuyer.\n Three-month copper futures on the LME fell 1.9\npercent to close at $8,120 per tonne, after rising 1.1 percent\nin the previous session. U.S. copper for December delivery\n finished down 1.3 percent at $3.71 a lb. \n In grains markets, investors who had focused for more than\nthree months on tight supplies brought on by the worst U.S.\ndrought in half a century turned their attention to\nmacro-economic factors, including a stronger dollar.\n Key soybean futures on the Chicago Board of Trade fell\nbelow the key $16 a bushel level, closing down 2.4 percent at\n$15.73, after touching an early July low at $15.65-1\/2.\n CBOT corn also hit a near three-month low, falling 2.6\npercent to close at $7.24-3\/4 a bushel.\n \n Prices at 4:31 p.m. EDT (2031 GMT) \n LAST\/ NET PCT YTD\n CLOSE CHG CHG CHG\n US crude 90.19 -1.18 -1.3% -8.7%\n Brent crude 110.05 -0.40 -0.4% 2.5%\n Natural gas 3.023 0.099 3.4% 1.1%\n \n US gold 1753.60 -12.80 -0.7% 11.9%\n Gold 1752.59 -7.45 -0.4% 12.1%\n US Copper 371.40 -5.95 -1.6% 8.1%\n LME Copper 8120.00 -155.00 -1.9% 6.8%\n Dollar 79.842 0.293 0.4% -0.4%\n CRB 303.740 -2.970 -1.0% -0.5%\n \n US corn 728.50 -19.00 -2.5% 12.7%\n US soybeans 1574.25 -40.00 -2.5% 31.4%\n US wheat 881.25 -17.00 -1.9% 35.0%\n \n US Coffee 169.45 -4.20 -2.4% -25.7%\n US Cocoa 2469.00 -14.00 -0.6% 17.1%\n US Sugar 19.57 -0.29 -1.5% -15.8%\n \n US silver 33.883 -0.003 0.0% 21.4%\n US platinum 1634.40 2.60 0.2% 16.3%\n US palladium 624.70 -15.00 -2.3% -4.8%<\/pre>\n