Stock Market News
Commodities: Wheat, cocoa futures see sharpest losses
Commodities as a whole were lower on Monday, even as the US dollar lost ground, amid heavy selling in the agricultural space.
By the closing bell on Wall Street, the Bloomberg commodity index was 0.96% lower at 86.52 even as the US dollar index retreated 0.40% to 86.52.
Leading falls, May 2018 wheat futures on the Chicago Board of Trade lost 3.63% to end at $4.5075 a bushel, alongside a 3.05% drop in ICE-traded cocoa futures to $2,445 per metric tonne and a 1.96% fall in similarly-dated cotton #2 futures on ICE to 0.8213 US cents.
Base metals were also generally weaker, after data released overnight in China showed that in February new home prices rose in 44 cities in the Asian giant, down from 52 in January.
Against that backdrop, three-month LME copper futures slipped from $6,873 per metric tonne at the start of trading to end at $6,854.
In the energy patch, by the closing bell on Wall Street, Brent crude oil futures for May delivery were 0.14% lower at $66.12 per barrel on the ICE.
The NYMEX gasoline and natural gas contracts for April on the other hand were down by roughly one percentage point each.
Benefiting from the dip in the US dollar, gold futures on COMEX were ahead by 0.31% to $1,316.40/oz..
By the closing bell on Wall Street, the Bloomberg commodity index was 0.96% lower at 86.52 even as the US dollar index retreated 0.40% to 86.52.
Leading falls, May 2018 wheat futures on the Chicago Board of Trade lost 3.63% to end at $4.5075 a bushel, alongside a 3.05% drop in ICE-traded cocoa futures to $2,445 per metric tonne and a 1.96% fall in similarly-dated cotton #2 futures on ICE to 0.8213 US cents.
Base metals were also generally weaker, after data released overnight in China showed that in February new home prices rose in 44 cities in the Asian giant, down from 52 in January.
Against that backdrop, three-month LME copper futures slipped from $6,873 per metric tonne at the start of trading to end at $6,854.
In the energy patch, by the closing bell on Wall Street, Brent crude oil futures for May delivery were 0.14% lower at $66.12 per barrel on the ICE.
The NYMEX gasoline and natural gas contracts for April on the other hand were down by roughly one percentage point each.
Benefiting from the dip in the US dollar, gold futures on COMEX were ahead by 0.31% to $1,316.40/oz..
Related share prices |
---|
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price