Daniels Trading - All News

Consumer foods giant investing in palm oil alternative

Wed, 08 Sep 2010 13:21:37 CST

Palm oil is a necessary ingredient in a wide variety of consumer products, from food to soaps. Yet it generates its fair share of controversy; naturally harvested palm oil has been linked to deforestation in Indonesia and Malaysia, and its price is linked to sometimes-volatile commodity markets.

Corn futures fluctuate near 14-month highs

Wed, 08 Sep 2010 10:35:53 CST

Corn futures fluctuated on Wednesday, as some traders are speculating that low supplies will boost the price of the grain. At 10:41 a.m. EST, corn futures for September delivery were down 2 cents to $4.494 per bushel on the Chicago Board of Trade.

Stock index futures gain after reassuring Portuguese bond auction

Wed, 08 Sep 2010 07:14:14 CST

U.S. stock index futures rose on Wednesday, as Citigroup, Staples and Costco shares increased and investors flocked to a Portuguese 10-year sovereign bond sale.

Technical analysis shows upside for silver

Wed, 08 Sep 2010 06:57:23 CST

Technical analysts at Barclays Capital see a strong potential upside for silver after the trading pattern completed a "pennant formation."

Food prices continue to climb, as rioting breaks out in Africa

Wed, 08 Sep 2010 06:56:05 CST

The rising price of key grains and social unrest in Africa raised fresh concerns of a food crisis that could mirror or exceed that which wracked the developing world in 2007 and 2008.

Employment falls by less than expected, boosting stocks

Wed, 08 Sep 2010 06:51:18 CST

U.S. stock index futures rose on Friday, as the private sector added more jobs than analysts had predicted, causing total overall unemployment to fall less than many had expected.

Soybean futures gain on China buying

Tue, 07 Sep 2010 15:22:13 CST

The price of soybean futures surged on Tuesday, as China purchased larger quantities of soybean oil in response to rising domestic demand for vegetable oils.

Corn could follow wheat's upward trajectory

Tue, 07 Sep 2010 12:55:02 CST

The U.S Department of Agriculture will update its estimates of the nation's corn, soybeans and wheat stockpiles this week - and the data will probably show that inventories of corn have dropped to the lowest levels since 2004.

Crude oil futures drop as economic slowdown looms

Tue, 07 Sep 2010 10:26:11 CST

The price of petroleum dropped as traders returned from the long Labor Day weekend in the U.S.

Dollar and stock index futures drop without significant supports

Tue, 07 Sep 2010 09:11:52 CST

A dearth of good news for the economy - other than President Obama's proposed business tax cuts and infrastructure investment plan - led to a fall in U.S. stock index futures and the dollar.

Crude oil futures rise amidst rig fire, peak concerns

Thu, 02 Sep 2010 13:47:09 CST

Crude oil futures gained after early losses on Thursday, amidst news and reports that paint a grim picture for the supply of the world's most vital commodity.

Copper futures hit four-month high on tightening supply

Thu, 02 Sep 2010 08:38:06 CST

The price of copper soared on Thursday morning, reaching a four-month high of $7,675 per ton on the London Metal Exchange, reported the Financial Times. That's the red metal's highest level since April 2010, when it reached $8,000 per ton.

Slight decrease in jobless claims leads to mild stock rise

Thu, 02 Sep 2010 08:07:33 CST

U.S. equity index futures were mixed this morning, with initial jobless claims showing a very mild decrease - enough that the news wasn't actively bad, but not strong enough to inspire confidence.

U.S. and China manufacturing drive crude oil futures

Wed, 01 Sep 2010 16:28:09 CST

The price of crude oil surged on Monday, driven by surprisingly optimistic manufacturing figures from both the U.S. and China. The rise in crude futures also buoyed the stocks of producers like Exxon-Mobil, Chevron and Petrobras, which all gained at least 3 percent in today's trading.

Wheat futures continue to rise, Russia loosens export ban

Wed, 01 Sep 2010 11:06:11 CST

The price of wheat gained on Wednesday, with wheat futures for September delivery climbing 12.4 cents to $6.65 per bushel. Futures for March delivery were even higher, at $7.224 per bushel.