Markets - Commodities
5524
NEW/YORKLONDON: Arabica coffee futures on ICE fell to a one-year low for the fourth time this week on Friday, weighed down by harvest pressure from Central America, while cocoa settled weak.
Sugar was firm on short-covering and consolidative dealings.
"The (arabica) harvest should be expanding pretty quickly across Central America now. I think there's some stuff starting to move," said Jack Scoville, The Price Group in Chicago.
March arabica coffee on ICE fell 2.20 cents, or 1 percent, to $2.1555 a lb by 12:27 p.m. EST (1727 GMT ), having earlier dipped to a one- Friday, weighed down by harvest pressure from Central America, while cocoa settled weak.
Sugar was firm on short-covering and consolidative dealings.
"The harvest should be expanding pretty quickly across Central America now. I think year low of $2.1420 .
Dealers said the weakness in arabica prices this week had been triggered mainly by selling across the ...
CHICAGO: Chicago Board of Trade corn futures closed higher Friday on increased concerns about dryness in portions of South America's crop areas.
* Private exporters reported the sale of 205,232 tonnes of US corn to Japan for delivery next marketing year - USDA.
* Argentina is too dry and it will be heating up next week with highs in the 80s degrees Fahrenheit to 90s. This will increase stress on crops. There is some rain ...
CHICAGO: Chicago Board of Trade soybean futures closed higher on Friday on increased concerns dryness in some South America's crop areas will reduce production there.
* Argentina is too dry and it will be heating up next week with highs in the 80s (degrees Fahrenheit) to 90s F. This will increase stress on crops. There is some rain in the forecast for later next week but it won't be enough and the situation in Argentina keeps ...
LONDON/NEW YORK: Copper rose on Friday on a retreating dollar and firm US economic data, but anxiety over the euro zone's sovereign debt woes threatens to curb the red metal's gains going into next week.
Industrial metals have fallen this year as Europe's problems stunt economic growth, sap banks' lending for commodity trading and threaten to dampen demand for goods exported by emerging nations.
A steadier tone in wider markets, and a halt in the slide ...
ROTTERDAM: Asking prices on the European vegetable oil market moved up a little on Friday on technical covering ahead of the weekend and a weaker dollar, market sources said.
"Business was thin due to lack of leads and buyers holding back mostly because of weakness in mineral oil," one broker said.
At 1730 GMT CBOT soyoil futures were between 0.24 and 0.37 cents per lb up on technical buying because of fears of drought in South American ...
JAKARTA: Malaysian crude palm oil futures rose more than 1 percent on Friday, rebounding from the previous day's six-week lows on rising equity markets, traders said, although they expected further losses on euro zone debt worries.
Asian shares rose and the euro edged higher on Friday, as signs of strength in the US economy temporarily broke through gloom over the European debt crisis that had driven a sell-off in riskier assets over the past three days. ...More Articles...
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