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Copper futures rallied to five-month highs on Thursday, driven by a combination of factors including a substantial drop in inventories and a bullish stock market. May copper futures gained 7.25 cents, or 3.6%, to settle at $2.0710 a pound on the Comex division of the New York
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Crude oil futures fell for the second session on Monday, pressured by a stronger dollar and negative stock market sentiment. The price of light, sweet crude for May delivery settled at $51.05 a barrel on the New York Mercantile Exchange, a decline of $1.46, or 2.8%, from
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A sharp sell-off in gold futures Thursday was triggered by the unwinding of safe-haven positions in the metal, as traders moved funds from a sector that is not performing to one that seems to be performing. The stock market rally continues, with the Dow Jones Industrial Average climbing back above
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The Chicago Mercantile Exchange saw live cattle and feeder cattle futures prices increase on Tuesday, March 31, 2009, as the stock market and other outside markets recovered from Monday's losses. Lean hogs also finished higher, mostly due to month-ending short covering and technical support. Analysts and brokers attributed
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Crude oil prices surged to a 13-month high, rising above $54 a barrel, as the global economic slowdown and government policies fueled fears of future inflation. The price gains were largely driven by speculators trading in sympathy with other financial markets, rather than any fundamental news in the oil markets.
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A robust tone in equities and strong Chinese import data propelled copper futures to their highest level of the year on Monday, with most-active May copper settling at $1.8410 per pound on the Comex division of the New York Mercantile Exchange. The copper price hit a peak of $1.
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U.S. corn prices skyrocketed as farmers sell stored grain to raise cash for spring planting, with anecdotal evidence suggesting a 21% rise in daily cash corn receipts at Midwestern grain terminals. In contrast, soybean sales slowed down, with a marginal 2% rise in deliveries. The surge in corn sales
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Coffee futures closed modestly higher on Monday, driven by a rally on Wall Street, a weak U.S. dollar, and technical buying. The May coffee contract added 60 points to settle at $1.1075 a pound on ICE Futures U.S. Trading volumes were light, but market participants pointed to
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Gold futures surged on Wednesday, initially driven by bargain hunting and short covering, but then extending gains as equities faltered. The April gold contract rose $14.80 to settle at $910.70 an ounce on the Comex division of the New York Mercantile Exchange. Market analysts attributed the rally to
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Copper futures experienced a significant boost on March 10, 2009, driven by warehouse draws, a decline in the US dollar, and surging equity markets. The May copper contract rose 4.5 cents to close at $1.6845 per pound on the Comex division of the New York Mercantile Exchange. The
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Crude oil futures took a nosedive on Monday, shedding last week's gains as worsening economic prospects and oil demand weighed heavily on markets. The slump sent light, sweet crude for April delivery plummeting $2.88 to $41.88 a barrel on the New York Mercantile Exchange. The decline
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Fear and uncertainty in the markets led to a significant drop in U.S. May cocoa futures, with prices falling 8.3% to their lowest level in 11 weeks. The meltdown in commodities and equities, combined with a strengthening U.S. dollar, resulted in heavy speculative sales and a decline
