Archive for  August 2004
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NYBOT cotton futures finished easier Thursday on speculative and automatic sell orders as the market pulled back after surging recently to a two-month high, dealers said. Key December cotton sank 1.69 cents to settle at
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Liffe robusta coffee futures held steady for a second session on Thursday as the market focused on rolling positions. However, traders expected some upward momentum next week once activity on the front-month spreads ended. September
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Liffe cocoa futures finished higher on Thursday, rebounding from the losses of the previous two sessions though traders said outright activity was slim. Industry buying pushed New York futures higher, helping London recover from negative
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Gold fell in Europe on Thursday, consolidating as inflation fears faded with easier oil prices, dealers said. Spot gold softened to $406.30/406.80 an ounce by 1508 GMT, compared with $407.25/408.05 quoted late on Wednesday in
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Copper prices ended higher in Thursday London Metal Exchange (LME) trading, bolstered by talk of potential labour problems in Peru and by another modest inventory decline. Analysts said copper miners were seeking higher wages amid
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Benchmark arabica coffee futures rallied to a five-week high on Thursday as funds bought on strong technical signals, despite continued favourable crop weather in Brazil, traders said. On the New York Board of Trade, the
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NYBOT raw sugar futures ended at a nine-week low Thursday on speculative fund sales in a subdued session, and the sweetener was seen possibly edging lower Friday on follow-through sales, brokers said. October sugar fell
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Selling by speculators, following a drop in soy, turned Chicago Board of Trade wheat futures lower early on Thursday, traders said. Wheat opened firm in response to supportive export news, but the sliding soy and
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Corn futures at the Chicago Board of Trade fell early Thursday, pressured by disappointing weekly export data released before the open and an improvement in US crop weather, traders said. Warmer temperatures were expected through
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Chicago Board of Trade soyabean futures were lower at midday Thursday on weak US cash prices, improved crop weather and talk of good US Delta harvest yields, brokers said. Overnight rains of up to 5.5
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