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Leaning hog futures for Monday are expected to open flat to lower due to concerns about large near-term slaughter-ready supplies and declines in cash hog prices. Despite the market's oversold condition, some possible support could come from the recent declines in wholesale pork prices. Market analysts and traders
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Copper prices soared to a fresh 26-month high, defying a stronger dollar, as traders responded to comments from Federal Reserve Chairman Ben Bernanke that further monetary easing may be needed to sustain economic growth. Copper futures rallied after Bernanke's speech, with the most actively traded contract, for December
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Gold futures remained near steady on Monday, reflecting the ongoing expectations of further monetary stimulus from the Federal Reserve, which has been a significant driver of the metal's record rally. The euro was also near steady against the dollar on Monday, while the ICE Futures U.S. Dollar
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The Chicago Mercantile Exchange is expected to open flat to lower on Monday, October 4, 2010, due to a sharp drop in wholesale pork prices and follow-through selling. Analysts predict that live cattle futures will be steady to weak on expectations of a lower cash cattle market. The deferred hog
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Copper prices took a hit on Monday, October 4, 2010, as participants sought to cash in on recent gains and concerns about Ireland's sovereign debt boosted the US dollar. The strong dollar made dollar-denominated copper more expensive for buyers, hurting demand. The declines came as Chinese traders, the
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Gold futures snapped a six-day winning streak on Thursday, falling from all-time highs as hedge funds took profits from the metal's record prices. Despite the decline, gold prices remained near record levels, supported by ongoing investors' appetite for the precious metal as a refuge investment. Analysts attribute
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Copper prices saw a small increase on Tuesday after data showed a rise in home prices in the US. The December delivery copper futures contract, the most actively traded, rose 0.2% or 7 cents to $3.6040 per pound on the New York Mercantile Exchange. This increase is driven
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Copper futures, sensitive to the housing outlook due to its widespread use in wiring and piping, traded near steady Monday as market participants grappled with the balance between strong demand from emerging markets, particularly China, and the sluggish recovery in the US and Europe. The December contract on the Comex
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Copper futures declined on Monday due to concerns over the US housing market, with the most actively traded contract settling at $3.5045 a pound, a 0.5% decrease from the previous day. The decline marks a pause in the upward trend of copper prices, which had reached their highest
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China's robust industrial production, which surged 13.9% in August, has boosted the outlook for future oil demand, driving crude futures to a one-month high. The continued shutdown of a major pipeline carrying Canadian crude to U.S. refiners also supported prices, despite robust stockpiles reducing the likelihood
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Crude oil futures surged to a one-month high on Monday, reaching $77.50 a barrel on the New York Mercantile Exchange, as refiners scrambled to secure replacement oil supplies after a major pipeline shutdown. The Enbridge Energy Partners LP's 670,000-barrel-a-day Line 6a pipeline, which supplies over 3%
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Copper futures prices dropped slightly, despite the news of higher Chinese imports, as market participants worried that China could tighten its monetary policy and reduce demand for the industrial metal. The decline in copper prices came as the release of key inflation data was moved forward to the weekend, sparking
