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Archive for  February 2005

  • Cotton futures closed with small losses Wednesday in activity dominated by heavy switch business as players scrambled to get out of positions in the spot March contract, brokers said. Players are trying to get out

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  • London cocoa futures closed little changed on Wednesday, stuck in a recent range as market players awaited fresh impetus from New York. Traders said the higher than usual volume of 22,061 lots was attributable to

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on LME copper dips after failing to test peaks

    London copper futures failed to test October's near-16-year peak on light selling on Wednesday as the market interrupted a four-day rally that had lifted prices by more than five percent, dealers said. Three-month copper closed

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on European gold falls on Greenspan and Iran blast

    Gold prices were falling in Europe on Wednesday as the dollar firmed after the US Federal Reserve chairman raised the prospect of interest rate rises by saying the benchmark federal funds rate remained fairly low.

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on US MIDDAY: coffee retreats on speculators profits

    Benchmark arabica coffee futures retreated from recent five-year highs and a new contract peak Wednesday after short-term speculators banked profits, traders and brokers said. The New York Board of Trade's most-active May arabica contract fell

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on US MIDDAY: cocoa sags on arbitrage selling

    Benchmark cocoa futures eased Wednesday on trade and arbitrage selling amid a firm dollar, while fund buying and talk of a farmers' strike in leading cocoa grower Ivory Coast limited losses, traders said. "There were

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on US MIDDAY: sugar weaker on speculative liquidation

    Raw sugar futures closed lower Wednesday on speculative liquidation due to switch business, but trade buying believed linked to consumer interest trimmed the market's losses, brokers said. The New York Board of Trade's March raw

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on US MIDDAY: wheat plunges on fund short-covering

    Wheat futures at the Chicago Board of Trade fell early Wednesday, with the market setting back further from the technical fund short-covering rally on Monday, traders said. Analysts and traders continue to cite the plentiful

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on US MIDDAY: corn weaker on technical correction

    Corn futures at the Chicago Board of Trade slid on Wednesday on a downward technical correction after this week's short-covering bounce, traders said. Concerns about huge US and global feed grain stocks continue to cap

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    • News Desk
    • Feb 17th, 2005
    • Comments Off on US MIDDAY: soyabeans fall on technical setback

    Soyabean futures at the Chicago Board of Trade fell early Wednesday on a technical setback from this week's fund-led short-covering rally, traders said. The May contract fell below its 50-day moving average of $5.31-1/2, sliding

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