Treasuries were set for the steepest weekly decline this year amid speculation a U.S. jobs report today will strengthen the case for the Federal Reserve to push ahead with tapering its monetary stimulus program.
In the basement kitchen of the Churchill War Rooms in London, Maree Harrison and her chefs bake hundreds of flapjacks a month for catered events using the same Golden Syrup favored by Queen Elizabeth. Soon, they may need to change the recipe.
Persistent dry weather in Brazil’s center south, the main sugar cane-growing region of the world’s top producer, will probably cut output for this year’s crop by 7.1 percent, according to Usina Alta Mogiana SA.
Gold traded below a four-month high in New York as investors weighed the crisis in Ukraine and the outlook for the U.S. economy before employment data due tomorrow. Palladium was near the highest price since April.
The highest premium for arabica coffee, favored by Starbucks Corp., over the robusta variety in two years is fueling speculation roasters will boost purchases of the cheaper variety used to make instant drinks.
The chief executive officer of Sharps Pixley Ltd., who has traded gold for 30 years, challenged a study that says the market’s price-setting mechanism is susceptible to manipulation, compromising the $19.6 trillion of the precious metal that trades annually.
Armajaro Trading Ltd.’s cocoa supplier in Ivory Coast, the world’s largest producer of the beans used to make chocolate, said it received funds to pay premiums owed to farmers by the London-based trader.
Arabica coffee, this year’s best performing commodity, may climb to the highest in almost three years as dry weather over the next two months threatens to cut production in top grower Brazil, J. Ganes Consulting said.