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Archive for  February 2005

  • Cocoa futures rose to a 10-day high on Thursday, fuelled by a sliding dollar, tight supply and some market concerns about a potential disruption in deliveries from top grower Ivory Coast, traders said. "Dollar weakness

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  • Agriculture products company Monsanto Co on Thursday said it will buy Emergent Genetics Inc, the third-largest US cotton seed company, for $300 million. Monsanto said that acquiring Emergent, its second acquisition in less than a

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  • USDA cotton export sales highlights for latest reporting week: Net Upland sales of 233,100 RB slipped 44 percent from the previous week's marketing-year high and 32 percent under the prior 4-week average. The major buyers

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on New York copper rallies, closes near contract highs

    US copper futures surged in late trading on Thursday, racing to new contract highs in a rally fuelled by fund buying triggered by technical signals, traders said. "A lot of late buying came in; we're

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Tokyo gold up to highest since December, trend strong

    Tokyo gold futures rallied to their highest level since late December on Friday after the dollar- denominated spot price notched up solid gains, with brighter technical prospects drawing fresh purchases from fund operators. The benchmark

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on New York gold ends at three-week peak; silver extends gains

    US gold futures ended at a three-week high on Thursday, lifted by a dip in the dollar, which failed to draw support from two days of congressional testimony by US Federal Reserve Chief Alan Greenspan,

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Asian gold soft but sentiment upbeat on weak dollar

    Spot gold inched down in Asia on Friday, pressured by light corrective sales ahead of a long weekend in the United States, but underlying sentiment stayed bullish due to the dollar's weakness against the euro.

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  • Copper futures retreated on light Chinese selling on Friday, a day after rocketing more than 3 percent to a 16-year peak as a weaker US dollar attracted funds to buy the industrial metal as an

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Oil inches back towards $48, trimming losses

    Oil prices drifted higher on Friday, reclaiming some of the previous day's slide after the market absorbed news of a hefty stock build in the United States. Dealers also remained on edge about possible cuts

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    • News Desk
    • Feb 19th, 2005
    • Comments Off on Malaysian tin ends up 0.8 percent, eyes $8,000

    Malaysian tin rebounded on Friday, helped by foreign buying and a higher price of the metal in London. Spot tin on the Kuala Lumpur Tin Market ended up $59, or 0.8 percent, at $7,924 a

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