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The Comex copper futures contract for December delivery retreated 1.3% on Wednesday, falling 5.3 cents to $3.99 a pound, after traders cashed out of the market to profit from the metal's recent highs. The decline comes on the heels of a report showing Chinese copper
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The US Department of Agriculture (USDA) has revised its forecast of season-average cash grain prices, with soybean prices projected to range between $10.70 and $12.20 per bushel, an increase of 70 cents. The agency attributed this rise to increased global import demand and a record sales pace, particularly
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The copper futures market was cautious on Wednesday as investors awaited the Federal Reserve's decision on monetary easing, with the most actively traded contract for December delivery easing 2.7 cents, or 0.7%, to $3.8120 per pound on the Comex division of the New York Mercantile
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Gold futures traded near steady Wednesday as a little-changed dollar and anticipation of the Federal Open Market Committee (FOMC) meeting later in the day dominated the market. The FOMC is widely expected to announce a second Treasurys purchasing program aimed at expanding the money supply and stimulating growth. Some investors
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Copper futures traded higher on the New York Mercantile Exchange, with the December delivery contract rising 1% or 3.95 cents to $3.8150 per pound, as better-than-expected jobless claims and a weaker dollar boosted prices. The unexpected drop in unemployment claims, which fell by 21,000 to 434,000
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Copper futures surged on October 28, 2010, due to optimistic economic indicators and a softer dollar, but retreated from earlier highs as investors cashed in profits. The most actively traded contract, for December delivery, settled at $3.7875 per pound, up 0.3% or 1.2 cents from the previous
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Soybean futures are anticipated to trade lower on Monday as a stronger dollar and harvest pressure combine with improved South American planting weather. The Chicago Board of Trade is expected to see soybeans open 1 to 2 cents lower, reflecting the market's recent shift following a 14-month high.
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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
