Dow Jones & Company Inc.
Copper futures experienced a mixed day on Wednesday, with July copper rising 0.15 cents to settle at $2.3670 a pound on the Comex division of the New York Mercantile Exchange. Analysts attributed the consolidation to a stronger U.S. dollar, which put pressure on the metal. However, copper
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Copper futures experienced a decline on Monday as a strengthening US dollar made dollar-denominated commodities more expensive in other currencies, thereby reducing demand. Despite this, the metal managed to pare some losses and settle above a key moving average. Market analysts expressed mixed views on the future trajectory of the
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Macquarie Bank has revised its forecast for copper prices, projecting a 14% increase to $1.75 a pound for 2009 and a 39% hike to $2.50 a pound for 2010. Meanwhile, a BHP executive has stated that Rio Tinto is unlikely to sell its stake in the Escondida copper
Dow Jones & Company Inc.
Gold prices are expected to open trading in New York around $5 an ounce higher on Tuesday, June 2, 2009, as the dollar continues to falter and investor demand for the precious metal remains strong. The spot gold price was trading at $983.55, up $8.45 from the previous
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Copper futures eased Tuesday despite a constructive report on pending-home sales, with most-active July copper falling 2.15 cents to settle at $2.2975 per pound on the Comex division of the New York Mercantile Exchange. The pullback occurred despite a weak dollar index and favorable housing data, which is
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Despite some late-day gains, the Chicago Board of Trade grain futures saw little activity on Tuesday, pressured by general losses in the market. Corn, soybean, and wheat prices were lower for most of the day, causing farmer activity in the interior to dry up. Analysts point to a combination of
Dow Jones & Company Inc.
Copper prices are anticipated to increase by 6 cents a pound due to the weakening US dollar, improvements in China's manufacturing data, and speculative short covering, according to analysts. This comes as London copper prices have reached an eight-month high. In addition, the euro has strengthened against the
Dow Jones & Company Inc.
The cattle and hog markets in Kansas City are expected to open mixed on Friday, May 1, 2009, with a weak tone prevailing in the cattle futures, according to market analysts. The lean hogs, on the other hand, are expected to open firm, while pork bellies are forecast to remain
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Crude oil prices ended slightly higher on Thursday, despite a mixed bag of economic data, as the sector continues to grapple with sinking demand and surging supplies. The New York Mercantile Exchange saw light, sweet crude for June delivery settle 15 cents higher, or 0.3%, at $51.15 a
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A global swine flu outbreak triggered a sharp decline in grain prices, with cash prices for corn and soybeans falling to 1-3 week lows. Analysts attribute the drop to reduced feed demand from poultry and pork industries, which could have a lasting impact on livestock producers. Domestic basis for both
Dow Jones & Company Inc.
The US cash grain market experienced a significant decline in domestic grain futures due to the swine flu outbreak and spring planting discussions on Monday. Corn and wheat futures lost 10-15 cents, while soybeans fell over 45 cents per bushel. Analysts attributed the decline to consumer concerns about pork consumption
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Copper futures experienced a decline on Wednesday as profit-taking and fears of reduced Chinese buying pressured the metal, despite holding support at $2 a pound and stabilizing as equities steadied. July copper fell 1.95 cents to settle at $2.0605 a pound on the Comex division of the New
