Saturday, 18 May 2013 03:37
Posted by Abdul Ahad
NEW YORK: ICE Cotton futures edged up on Friday in light trading volume, supported by outside commodities and financial markets and scaled-down mill buying, dealers said.The most-active July cotton contract on ICE Futures US edged up 0.38 cent, or 0.4 percent, to settle at 86.41 cents per pound. The spot-contract was little changed from last week's close.The Thomson Reuters-Jefferies CRB Index, a benchmark for global commodities, posted gains.Global equities markets rose on speculation that the US Federal Reserve would begin to dial back its asset-buying program and as consumer sentiment rose to a near six-year high.An improvement in consumer sentiment is often interpreted as bullish for rising demand for consumer goods, including apparel.Trade buying was limited throughout the week."We're selling a little bit of cotton every day, but we're still a ways from where the majority of purchases would be. Mills are standing tight, waiting," said Sharon Johnson, a cotton ...
48 
NEW YORK: ICE Cotton futures edged up on Friday in light trading volume, supported by outside commodities and financial markets and scaled-down mill buying, dealers said.The most-active July cotton contract on ICE Futures US edged up 0.38 cent, or 0.4 percent, to settle at 86.41 cents per pound. The spot-contract was little changed from last week's close.The Thomson Reuters-Jefferies CRB Index, a benchmark for global commodities, posted gains.Global equities markets rose on speculation that the US Federal Reserve would begin to dial back its asset-buying program and as consumer sentiment rose to a near six-year high.An improvement in consumer sentiment is often interpreted as bullish for rising demand for consumer goods, including apparel.Trade buying was limited throughout the week."We're selling a little bit of cotton every day, but we're still a ways from where the majority of purchases would be. Mills are standing tight, waiting," said Sharon Johnson, a cotton ...
CHICAGO: US corn futures rose 1.8 percent on Friday, reversing three days of declines on strong cash markets as farmers focused on planting their 2013 crop rather than selling in the cash market, traders and analysts said.Soybeans rose for a second session, with the benchmark July contract reaching a two-month high on tight US supplies and a firm cash market.Wheat fell for a third day in a row on technical selling and crop-friendly rains in ...
NEW YORK/LONDON: Gold dropped to a four-week low on Thursday, as renewed liquidation in gold-exchange traded funds and its recent drop below the $1,400-per-ounce level spooked bullion investors, prompting them to favor other assets.Traders said the fall below $1,400 in the previous session triggered heavy selling and that the yellow metal might retest two-year lows of $1,321.35 touched on April 16, when it recorded the worst daily loss for 30 years."Bullion's price break below the ...
BUENOS AIRES: Argentina's closing soy prices and trends on Thursday:In the key grains market of Rosario, soy traded firm at 1,690-1,730 pesos ($323-$331) per tonne, compared with 1,711 pesos on Wednesday, sustained by gains in US soy futures.Trade volume shrank to a paltry 5,000 tonnes from about 15,000 tonnes previously as farmers held out for higher prices, local traders said.Soybean futures on the Chicago Board of Trade rose on Thursday, with the front July contract ...
NEW YORK: Cotton futures slipped on Thursday in light trading volume, under pressure from producer selling, weakening commodity markets and US weekly export data seen as mixed, dealers said.The most-active July cotton contract on ICE Futures US fell 0.42 cent, or 0.5 percent, to settle at 86.03 cents per pound, after mixed trading throughout the session.With US plantings picking up, trade hedging added selling pressure and outweighed limited mill buying, merchants said."Mill business was more ...
CHICAGO: US corn futures fell 1.4 percent on Thursday on optimism over seeding progress and prospects for the new crop, while soybeans rose on tight US supplies, traders said.Wheat fell on technical selling and seasonal pressure as the US harvest neared, with the Chicago Board of Trade July contract hitting a six-week low.At the CBOT, July corn ended down 9-1/4 cents at $6.41-1/2 per bushel after finding support at its 20-day moving average of $6.40-1/4. ...
