Commodity Market News from Time Leverage Capital

TSX Extends Losses On Greece Impasse, Commodities - Canadian Commentary

Friday, 18 May 2012 10:19 Daniel Shaaya

(RTTNews.com) - Canadian stocks were extending losses for a third session Tuesday morning as commodities continued to reel under selling pressure on worries over Greece after the nation announced a new election in June.

Meanwhile, data from the euro zone came in encouraging with the region avoiding a recession in the first quarter, largely helped by a robust growth recorded by Germany.

South Africa May Cut Corn-Crop Forecast By 1.4%

Friday, 18 May 2012 10:09 Tshepiso Mokhema

South Africa, the continent’s biggest corn producer, will probably lower its forecast for this season’s harvest by 1.4 percent, a survey showed.

Soybeans, Wheat May Open Higher on Dry Weather; Corn Seen Weaker

Thursday, 17 May 2012 10:35 Jeff Wilson

Soybean futures may open 6 cents to 8 cents a bushel higher on the Chicago Board of Trade on speculation that drier weather may threaten production in the U.S. and China, spurring increased overseas demand for U.S. supplies, Jim Gerlach, the president of A/C Trading Inc.

Crude oil prices continue to fall as supplies grow

Thursday, 17 May 2012 10:23 USA TODAY

Benchmark U.S. crude fell by $1.17 to finish at a seven-month low of $92.81 per barrel on the New York Mercantile Exchange. Oil is down nearly 13% since the beginning of May.