Archive for the October 27, 2005
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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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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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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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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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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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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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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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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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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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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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