Archive for the November 2, 2005
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Cotton futures finished with slight gains Tuesday on modest speculative and trade buying, but most players feel the market could slip due to US cotton harvest pressure and a weak technical outlook, brokers said. The
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London white sugar futures closed lower on continued speculator selling on Tuesday after a World Trade Organisation order to the EU to limit sugar exports by May 22, traders said. Front-month December settled down $3.50
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London Metal Exchange (LME) copper ended little changed after earlier volatility on Tuesday, dealers said. The market has established a loose range between $3,800 and $4,000 a tonne recently in illiquid conditions that were exacerbated
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Gold skidded down to its lowest in five weeks on Tuesday in Europe as a firm dollar triggered more speculative selling and took total losses this week to just over three percent. Traders expected the
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US coffee futures settled a shade higher Tuesday, with spread trading at the start of the new month putting a break to four consecutive sessions of price declines, market sources said. The New York Board
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US cocoa futures finished on positive ground Tuesday after non-commercial participants focused on rolling out of their front-month positions for longer-dated contracts, traders said. The New York Board of Trade's active December cocoa contract rose
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Raw sugar prices finished Tuesday at a five-week low on fund liquidation and the market could lose further ground as investors reduce their positions in the sweetener, brokers said. The New York Board of Trade's
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Corn futures at the Chicago Board of Trade were higher early on Tuesday with spillover support stemming from a surge in soy and on short covering, traders said. At 10:16 a.m. CST (1616 GMT), CBOT
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Wheat futures at the Chicago Board of Trade were higher early on Tuesday on a short-covering bounce after recent declines, including a break last week that pushed values into oversold territory, traders said. As of
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US copper futures opened in negative territory Tuesday in mostly technical business as increased production forecasts were seen adding pressure to an already volatile market amid the second day of the LME dinner week, floor
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