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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 loses 2 pct despite last week’s stockpile drop * 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 […]<\/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-14984","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\/14984","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=14984"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14984\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Risk off day after clashes in Athens, Madrid\n * US crude loses 2 pct despite last week's stockpile drop\n * Copper hits 2-week low, after recent 4-1\/2-month peak\n * Soybeans and corn prices near 3-month bottom\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 soybeans and corn fell to\nnear three-month lows as the Midwest harvest rapidly advanced.\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 lost more than 1 percent, 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 fell more\nthan 2 percent to below $89 a barrel, its lowest since Aug. 3,\nafter the U.S. Energy Information Administration reported a 2.45\nmillion-barrel drop in crude inventories. \n London's benchmark Brent crude slid about 1 percent\nto a one-week bottom below $109 a barrel.\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, touching their lowest since\nearly August.\n CBOT corn also hit a near three-month low, falling\nalmost 3 percent to below $7.25 a bushel.\n \n Prices at 2:10 p.m. EDT (1810 GMT) \n \n LAST NET PCT YTD\n CHG CHG CHG\n US crude 89.58 -1.79 -2.0% -9.4%\n Brent crude 109.59 -0.87 -0.8% 2.1%\n Natural gas 3.030 0.106 3.6% 1.4%\n \n US gold 1753.40 -13.00 -0.7% 11.9%\n Gold 1750.76 -9.28 -0.5% 12.0%\n US Copper 371.30 -5.95 -1.6% 8.1%\n LME Copper 8143.25 -131.75 -1.6% 7.1%\n Dollar 79.890 0.338 0.4% -0.4%\n CRB 303.200 -3.510 -1.1% -0.7%\n \n US corn 728.50 -19.00 -2.5% 12.7%\n US soybeans 1573.75 -40.50 -2.5% 31.3%\n US wheat 880.50 -17.75 -2.0% 34.9%\n \n US Coffee 169.30 -4.35 -2.5% -25.8%\n US Cocoa 2476.00 -7.00 -0.3% 17.4%\n US Sugar 19.43 -0.43 -2.2% -16.4%\n \n US silver 33.710 -0.003 0.0% 20.8%\n US platinum 1634.50 2.70 0.2% 16.3%\n US palladium 626.75 -14.10 -2.2% -4.5%<\/pre>\n