Commodity Risk Economic Calendar 9th – 13th Jan 2012

(All times GMT):

Wednesday 11th January

15:30 – EIA Crude Oil Market Report: the EIA (Energy Information Administration) will publish its weekly report on the U.S oil and petroleum market for the week ending on January 6th. The Latest report will be available here.

Thursday 12th January

TBC – Chinese CPI y-o-y: Inflation declined from 6.5% in August to 4.2% in December, 0.9% lower than December 2010. Further declines may be supportive of commodity prices should the Chinese government be able to relax monetary policy. CPI is forecast at 4%. read more

CRUDE 111.83 -0.36%; COTTON 95.33 -0.49%

Brent crude rose in Asian trade supported by strong manufacturing PMIs yesterday in US and Iranian threats to disrupt the flow of oil in the Straits of Hormuz. Sentiment for commodities was also buoyed by stronger than expected employment data from Germany (despite the fact that employment data tends to be a backward looking indicator).

Cotton prices rose to a 3 week high on concerns, raised by the US DOE that Indian crop estimates were too optimistic given poor weather in the main cotton producing state. read more