Archive for  February 2005
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Kansas City Board of Trade hard red winter wheat futures settled lower on Wednesday in an extension of Tuesday's setback, with spreading the feature of the day, traders said. The market flirted with contract lows
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Benchmark arabica coffee futures retreated from recent five-year highs and a new contract peak on Wednesday after short-term speculators banked profits, traders and brokers said. "There was some buying this, and in the end we
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US copper futures fell sharply on Wednesday as some players became disappointed at the lack of Chinese buying and took profits, but prices erased some losses by the close as the dollar turned lower, traders
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US gold futures finished down but off session lows on Wednesday as the euro recouped its losses after investors digested testimony from Federal Reserve Chief Alan Greenspan. "It was mainly currency-driven, following the euro, which
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Tokyo gold futures advanced to a fresh 1-1/2 month high on Thursday but gains were capped by light profit-taking as the market lacked fresh incentives to convince fund operators to build more long positions. Traders
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Gold traded in a tight range in Asia on Thursday as wary investors eyed the dollar after Federal Reserve Chairman Alan Greenspan pointed to further probable increases in US interest rates. Spot gold was at
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London Metal Exchange copper fell in Asia on Thursday as Chinese traders liquidated their long positions, supporting market expectations the red metal had reached its peak and was set to consolidate lower, traders said. Three-month
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Tin fell 1 percent in Malaysian trade on Thursday, tracking a drop in the London price, but dealers said the local market appeared strong enough to climb to $8,000 a tonne in coming weeks. Spot
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Oil prices added to strong gains on Thursday, spurred by persistent Opec talk of a cut in supplies ahead of the second quarter that could drain healthy US stockpiles before summer. US light crude rose
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With world feed grain prices dropping everyday, Asian buyers are increasingly facing a dilemma whether to strike deals now or wait for still lower prices. And this may be slowing business volumes in Asia in
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