Archive for February 2005
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Wheat and sugar prices suffered set back on the grain market on Wednesday as most the commodities did not move either way in the process of trading, dealers said. On the cereals side, wheat Mexipak
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A lack of significant rain in the past three months could hurt 2005/06 grain crops in Spain and Portugal, the US Agriculture Department said on Tuesday. Although Spain's south-east coast had some rain earlier this
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Benchmark cocoa futures rose about 2 percent on Tuesday as a soft dollar attracted speculators, funds and trade to the market, traders said. The New York Board of Trade's most-active May contract gained $31, or
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Arabica coffee ended at a five-year high on Tuesday as managed-money funds showed no signs of retreating from a market that has seen prices rise over 50 percent in four months. At the New York
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US corn exports are being dampened by stiff competition from Argentina and cheap feed wheat, with the government expected to scale its sales target back further, traders and analysts said on Tuesday. Although there has
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US copper futures finished with solid gains on Tuesday as short-covering and fund buying buoyed prices to a six-week high as the dollar remained weak against the euro, market sources said. "It was a mixture
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Yen-based gold futures edged up on Wednesday, supported by the recent weakness of the dollar and lingering geopolitical wariness, but activity was restrained by a computer problem at the Tokyo Commodity Exchange. The key December
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US gold futures settled flat on Tuesday in choppy, currency-based activity as the market was reluctant to make bold moves before two days of testimony from Federal Reserve Chairman Alan Greenspan, dealers said. Silver showed
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Gold was little changed in Asia on Wednesday and was expected to remain within a slim $424 to $428 per ounce range ahead of remarks by Federal Reserve Chairman Alan Greenspan, which should offer fresh
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Nearby Chinese copper futures closed near their daily trading limits on Wednesday, reflecting gains on the London Metal Exchange during China's week-long Lunar New Year market hiatus. But traders said physical demand for copper remained
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