Commodity Blog

Archive for December 7th, 2009

Cattle rose on forecast that adverse winter weather in the northern U.S. Great Plains may slow animal-weight increases. Animals tend to gain less weight in winter, as they expend more energy to stay warm. As a result colder winter means slower weight increase. February futures for cattle delivery rose $0.00275 (0.3 percent) to $0.83475 per pound as of 12:36 on CME.

Corn dropped to the lowest in three weeks on prediction that the U.S. inventories will grow. Analysts consider export demand to be slow. March futures for corn delivery dropped $0.01 (0.3 percent) to $3.875 per bushel by 12:43 on the Chicago Board of Trade.

Latest commodity prices (ICE, NYMEX, CME) as of 17:18 GMT:

Oil (Brent) — $76.56
Gold — $1,142.70
Silver — $17.92
Palladium — $367.00
Platinum — $1,429.22
Copper — $6,985.00
Aluminum — $2,157.00
Nickel — $16,100.00
Zinc — $2,313.00
Cocoa — $3,379.00
Sugar — $22.40
Corn — $370.00
Soybean — $40.39