Commodities

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OPEC focuses on rival mega projects, lives with shale swing output

DUBAI - After almost a year of painfully low oil prices, OPEC members are beginning to believe they are winning against upstart U.S. shale producers in a short-term market share contest.

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Oil tumbles; large gasoline build trumps U.S crude draw

NEW YORK - Global oil markets tumbled on Wednesday, with U.S. crude futures settling down 4 percent after bullish impact from lower crude inventories was offset by large gasoline builds that raised concerns about high autumn fuel supplies.

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Glencore slump spoils commodity trader appetite for IPOs

LONDON - Unprecedented shareholder pressure over the past six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson - think twice before going public or amassing large physical assets.

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U.S. crude stockpiles fall more than expected last week: EIA

NEW YORK - U.S. crude oil stocks fell more than expected last week, while gasoline inventories increased and distillates drew down unexpectedly, data from the Energy Information Administration showed on Wednesday.

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U.S. gasoline sales surge at fastest for over a decade: Kemp

LONDON - Gasoline sales to U.S. motorists rose by more than 5 percent in July compared with the same month a year before, according to the U.S. Energy Information Administration (EIA).

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Megaships are worsening overcapacity in the container market

LONDON - Container shipping lines are poised to take delivery of a new generation of "megaships" over the next two years, just as the growth of world trade is slowing down, contributing to massive overcapacity in the market.

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Volkswagen's cheating and China's exports showcase diesel woes

LAUNCESTON, Australia - - It may seem to be stretching a rather long bow to link the overbuilding of refining capacity in Asia and the Middle East to Volkswagen's woes in the United States, but the common thread is the threat to diesel's dominance of the oil barrel.

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Commodities' dive raises doubts over Africa's 'middle class'

JOHANNESBURG - Whether it's selling pensions, pasta or toothpicks, investors in Africa have been targeting the booming middle class. But a year of diving commodity prices has exposed how much the continent, and its consumers, still rely on exporting resources.

Peru's Cerro Verde mine expansion to start copper output in second quarter

AREQUIPA, Peru - The expansion of Freeport-McMoRan Inc's Cerro Verde deposit in Peru is nearly finished and should double the mine's copper output after starting in April or May of 2016, the mine's spokesman said Wednesday.

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Elusive recovery for iron ore as Chinese steel peaks

QINGDAO, China - Iron ore prices will be trapped around $50 a tonne over the next two years, or only about a quarter of the highs the bulk commodity scaled during the mining boom, a Reuters poll showed.

387.70
Net Change
-1.66
Open
0.00
High
392.10
Low
387.64
Times
09/23 16:38
Data as of5:10pm EDT (Delayed at least 20 minutes).
COMMODITY FUTURES
Energy:   Oil, Natural Gas, Electricity
 
 
Grains:   Corn/Maize, Wheat, Barley, Rice
 
Oilseeds:   Soybeans, Rapeseed, Palm Oil
 
Softs:   Sugar, Coffee, Cocoa, Rubber, Citrus, Cotton
 
Livestock:   Lean Hogs, Live Cattle
Commodity Currency Last Trade Price Change % Price Change Trade Time
LIGHT CRUDE CON1  Oct15 USD 44.60 -1.76 -3.80% 09/23 16:59
NO 2 HT OIL CON1  Sep15 USD 1.51 -0.02 -1.31% 09/23 16:56
NATURAL GAS CON1  Sep15 USD 2.57 -0.01 -0.35% 09/23 16:56
100 OZ GOLD MAR4  Sep15 USD 1,130.00 +6.60 +0.59% 09/23 15:41
SILVER 5000 CON1  Sep15 USD 14.84 +0.03 +0.20% 09/23 09:21
HG COPPER CON1  Sep15 USD 2.30 -0.00 -0.17% 09/23 16:41
CORN CON1  Dec15 USC 383.00 +2.50 +0.66% 09/23 14:19
WHEAT CON1  Dec15 USC 507.00 +11.50 +2.32% 09/23 14:19
SOYBEANS CON1  Nov15 USC 863.00 +1.25 +0.15% 09/23 14:19
SUGAR 11 CON1  Sep15 USC 10.93 +0.05 +0.46% 09/23 12:59
COFFEE C CON1  Dec15 USC 115.60 +0.15 +0.13% 09/23 13:29
COCOA CON1  Dec15 USD 3,307.00 -5.00 -0.15% 09/23 13:30
FROZEN OJ CON1  Nov15 USC 110.80 -5.00 -4.32% 09/23 13:59
COTTON NO 2 CON1  Oct15 USC 58.51 -0.22 -0.37% 09/23 13:16
LIVE HOGS CON1  Oct15 USC 70.62 -0.38 -0.53% 09/23 16:49
LIVE CATTLE CON1  Oct15 USC 133.23 -3.00 -2.20% 09/23 16:07
Data as of5:10pm EDT (Delayed at least 20 minutes).

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Sector Summary

Short Term Rates
Prime 3.25
Discount 1.25
Fed Funds 0.25
1 Month Libor --
3 Month Libor 0.32
Date as of 09/23 17:10 (Delayed at least 20 minutes)