Evening markets: crops reverse ‘Soros’ losses. Corn leads
Was liquidation by a George Soros fund behind last session’s sell-off? Whatever, investors take a more clement view of crops on Friday. Corn soars 4%
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Asian markets slip as US data disappoint
Asian shares retreated as weak US output growth fuelled uncertainty about the outlook for corporate earnings while a strong Australian dollar weighed on the Sydney market
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Morning markets: grain prices jump as prayers go unanswered
Grain prices jump again as US farmers’ hopes of better weather look like being dashed. Russian growers are well behind in spring sowings too
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Resources stocks lift Asian markets
Asian shares were generally higher as resources stocks gained ground on expectations of demand once rebuilding gets under way in Japan, even as worries about the Middle East and the eurozone continued to weigh
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Morning markets: sugar’s collapse puts crop markets on edge
Food commodity investors wait to see if sugar’s worst daily plunge in a decade will set a trend. At least the dollar and weather are on bulls’ side
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Fines by markets watchdog hit record
Markets watchdog embarks on some of the most far-reaching enforcement activities in its history to bring tally of penalties in 2010 to £89m
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China food price curbs send crop markets plunging
Wheat leads a fall in crop futures, slumping 7%, after China threatens a clampdown on food costs in a fight against rising inflation
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How Are Prices Determined In The Commodity Markets?
A common understanding among most is that the prices of the commodities that are traded in the commodity trading market have their prices already predetermined with the help of the commodity trading exchange. This however is not true. What most of us would be surprised to learn is that the prices of these commodities are determined depending on the market conditions of demand and supply.
The reason why a commodity price increases is because the supply of the commodities is much lower than the actual demand. If the number of sellers for a particular product is much more then that the number of buyers then the prices of the commodity falls. The buying and selling of the commodity comes from various sources and all of this is then channelized to the trading floor so that it can be executed. This forms the basis of the price execution of the products in the commodity trading markets. The buying and selling orders are then converted to the actual sales and purchases in the commodity trading floor. The regulation then further states that the prices be further determined by the public outcry from a commodity trading pit or a ring and this does not include any kind of private negotiation to fix prices.
The prices of the commodities transaction are then recorded and this is then sent out to the number of people with the help of a huge telecommunication network system. If you want a clear picture of how the sales and purchases of commodities are made, the best visual picture would be the public auction that is action packed. It follows the same kind of principle; however it is not the same for the futures market where there is a two way auction that continuous to go on even after trading hours. This two way auction is because of the standard futures commodity trading contract which does not need any kind of description of what the sale has to offer.
In a two way commodity trading contract, the volumes of the goods that are bought and sold in the exchange floor are in a sufficient volume making it a much more practicable trade. However the public auction is where you will find a lot of emphasis on the sale of the product.
The commodity trading markets main purpose is to have an organized market place where members can buy and sell commodities that they are interested in freely.
Weekly Recap – Oct. 1: U.S. Markets
New York, NY, United States (AHN) – U.S. markets finished higher Friday amidst mixed economic data. The move came a day after stocks closed out the strongest September dating back to the 1930′s.
The Dow Jones Industrial average rose 41 points or 0.4 percent, trading in positive territory the majority of the session as 22 of 30 Dow issues finished Friday’s session higher. The move puts the blue-chip index in the green to start the month following the 8 percent rise in September.
The S&P 500 added 5 points or 0.4 percent as nine of 10 major economic sectors finished higher Friday. Energy names led the way, adding 1.3 percent, while tech was the lone laggard, down 0.1 percent.
The Nasdaq Composite added 2 points or 0.1 percent as semiconductors weighed on its advance. The Philadelphia Semiconductor index shed 0.3 percent on Friday.
On the economic front, the University of Michigan Consumer Sentiment survey posted a reading of 68.2 for September, above estimates for 67. Shortly after, the Commerce Department said construction spending in August rose 0.4 percent, which was better than the 0.5 percent decline expected.
However, the Institute for Supply Management said its index for September dipped to 54.4 from 56.3 in the prior month.
Earlier in the week, the Commerce Department released its final estimate on third quarter Gross Domestic Product (GDP), reporting 1.7 percent growth in the economy, topping estimates for 1.6 percent.
Crude oil finished the week strong, adding 2.2 percent to $81.58 a barrel. The commodity rallied 7.5 percent on the week, its best performance since mid-February.
Next week’s market will see a slew of headline economic data beginning with August pending home sales on Monday and concluding with the September unemployment rate on Friday.
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Grain markets could see ‘multi-year’ rally
The need for higher US corn sowings, and dim prospects for Russian wheat exports, point to continued strength in prices, Rabobank says
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