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Archive for  February 2005

  • US copper futures ended mixed on Friday in a shortened pre-holiday session that saw a decline in volatility following Thursday's frenzied late rally. Benchmark March copper at the COMEX division of the New York Mercantile

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  • Chinese copper futures rose sharply and closed just shy of their upper trading limits on Friday, as traders locked in profits in both Shanghai and London Metal Exchange trade. Rising physical stock levels also curbed

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  • Chinese corn exports are picking up as lower prices and higher freight rates restore a competitive edge in the Asian market against its rivals from Argentina or the United States. Traders said on Friday China

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    • News Desk
    • Feb 20th, 2005
    • Comments Off on Indian wheat and rice crops seen higher: USDA attache

    The US Agriculture Department's attache in New Delhi released the following report, dated February 18, on India grain and feed outlook. India's MY 2005/06 wheat and rice production are both forecast higher, assuming normal weather

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  • Philippine millers have delayed a planned tender to sell 12,000 tonnes of raw sugar to Monday to give more time to buyers, a senior industry executive said on Friday. The government previously said local millers

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    • News Desk
    • Feb 20th, 2005
    • Comments Off on New York gold lower; silver reaches two-month peak

    US gold futures ended lower but held near a three-week high on Friday while silver hit a two-month peak, supported by strong base metals and a flat dollar in thin, pre-holiday trade. New York metals

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    • News Desk
    • Feb 20th, 2005
    • Comments Off on Soyabean rally triggers heavy US cash movement

    This week's run-up in Chicago Board of Trade soyabean futures prompted farmers in the US Midwest to unload stored soybeans, with heavy volume reported on Friday, grain merchandisers said. CBOT March soybeans hit a high

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    • News Desk
    • Feb 20th, 2005
    • Comments Off on New York sugar down on switches and trade sales

    Raw sugar futures finished softer on Friday on sales from trade accounts and switch trade as investors moved their positions out of the spot month ahead of a holiday weekend, analysts said. The raw sugar

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    • News Desk
    • Feb 20th, 2005
    • Comments Off on Oil prices rise; copper, zinc and coffee at multi-year highs

    World oil prices rose this week as OPEC's forecast of increased global demand for 2005 overshadowed a sharp rise in US crude inventories. Copper reached its highest level for 16 years and coffee the highest

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    • News Desk
    • Feb 20th, 2005
    • Comments Off on US Airways reaches $125 million deal for restructuring

    US Airways Group Inc late Friday said it had reached a $125 million deal with an investor group to fund its restructuring under bankruptcy protection. The company said it reached the agreement with Eastshore Aviation,

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