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Archive for the February 3, 2005

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Oil hovers at $47, expected US crude build weighs

    Oil prices drifted around $47 a barrel on Wednesday, well off recent peaks as traders braced for another increase in US crude oil inventories. US light crude was down 12 cents at $47.00 a barrel,

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Malaysia buys 60,000 tonnes Argentine corn

    Malaysia, Southeast Asia's biggest corn buyer, has sealed a deal to import 60,000 tonnes of corn from Argentina for March-April shipment, regional traders said on Wednesday. The contract was finalised at $128 a tonne, including

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  • Tokyo rubber futures rose briskly to mark a fresh 12-week high on Wednesday on technical buying, with the market anticipating further gains after the benchmark contract closed above the key 135-yen level. The benchmark July

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Good African crops cold comfort for hungry refugees

    African farmers have produced more than expected despite locust plagues and drought, but that is cold comfort to the continent's countless refugees with no cash to pay, or aid agencies whose funding has dried up.

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on New York sugar settles at week low, may slip further

    Raw sugar futures closed on Tuesday at a week-low on speculative fund liquidation and the market may grind lower in the days ahead on follow-through pressure in the sweetener, brokers said. The New York Board

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Soya slides to contract lows as CIF weakens

    Soybean futures at the Chicago Board of Trade sank to contract lows on Tuesday, following a sharp decline in the CIF market at the US Gulf, traders said. The nearby CBOT soybean and meal spreads

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on CBOT rice higher after choppy trade

    Rough rice futures at the Chicago Board of Trade closed mostly higher on Tuesday boosted late by speculative buying, floor traders said. CBOT March rice futures settled 1 cent higher at $6.68 per hundredweight. The

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Thai rubber prices rise on higher demand

    Thai rubber prices are expected to rise over the next week, supported by tight domestic supplies and strong overseas demand, exporters said on Wednesday. The price of unsmoked rubber sheet grade 3 (USS3), the raw

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Malaysian palm oil falls on soya, eyes 1,250 ringgit support

    Malaysian crude palm oil futures fell more than 1 percent on Wednesday and seemed poised to break the key psychological support of 1,250 ringgit as the market tracks sharp falls in rival US soyoil, dealers

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Taiwan stocks end at one-month high as techs jump

    Taiwan stocks rose to their highest close in a month on Wednesday, as gains in US tech shares and hopes of a tech recovery lent strength to tech heavyweights like United Microelectronics Corp (UMC). The

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