MORNING CALL: CRUDE 110.47 +0.67%; COTTON 94.41 -0.53%; BDI 784 -2.85%

Brent crude prices edged down during Asian trade following earlier gains during US markets. Oil prices rose in expectation of rising fuel demand and a weaker dollar after the FOMC stated that interest rates were likely to stay at ultra low levels until end 2014, a year later than the market expected.

Cotton prices fell sharply early in Asian session continuing the trend from earlier, following concerns that cotton was overvalued amid slow demand from China.

The BDI continues to fall on a daily basis and is now below the lows set in late 2008 early 2009.

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