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Archive for the October 27, 2005

  • Base metals retreated during Wednesday afternoon trading on the London Metal Exchange (LME), pulled back by copper selling off and diving conclusively into the minus column, traders said. Copper traded in another wide band -

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on New money stirs palladium, platinum in Europe

    Commodity investors are switching money into precious metals other than gold, lifting palladium prices to their highest in 11 months on Wednesday and platinum towards a 25-1/2-year high. "There was a wave of new money

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: coffee declines by producers selling

    US coffee futures sagged nearly 2 percent to a 9-day low Wednesday, pressured by selling from Brazilian producers and speculators reacting to technical price signals, traders said. The New York Board of Trade's active December

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: cocoa at four-week high by small speculators

    US cocoa futures climbed 1.1 percent to a four-week high Wednesday, buoyed by speculators taking precaution against possible unrest in top cocoa producer Ivory Coast this forthcoming weekend, traders said. Ivorian President Laurent Gbagbo's constitutional

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: sugar mostly down by small speculators

    Raw sugar prices closed largely easier Wednesday on sales by small speculators as the market stayed pinned in a band and will likely be trapped there over the next few sessions, brokers said. The New

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: corn falls by active harvest

    Corn futures at the Chicago Board of Trade sagged to new contract lows early on Wednesday with the market weighed down by active harvest and quiet exports, traders said. At 10:32 am CDT (1532 GMT),

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: wheat rises on December contract

    Wheat futures on the Chicago Board of Trade were mostly higher early on Wednesday, rallying from a weak open after Iraq bought US wheat, traders said. At 10:40 am CDT (1540 GMT), CBOT December wheat

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: copper rallies on smelter walked off

    US copper futures continued their ascent early Wednesday, helped higher by news that workers at a major Mexican copper smelter walked off the job late Tuesday, sending spot copper up to a new record peak,

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: soyabeans slide on technical bounce

    Soyabean futures at the Chicago Board of Trade fell early on Wednesday, setting back from this week's technical bounce with weakness in soyaoil contributing to the sell-off, traders said. November soyabeans were 4-1/2 cents lower

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    • News Desk
    • Oct 27th, 2005
    • Comments Off on US MIDDAY: gold steadies by inflation concerns

    US gold futures edged up to hover around an eight-day peak on Wednesday morning, lifted by increased inflation concerns and a weaker dollar against the euro, dealers said. December delivery gold was up 10 cents

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