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Copper dips on weakening global demand outlook  NEW YORK/London: Copper fell for a second straight day on Thursday, pressured by tepid Chinese buying at the start of the year and expectations of recession in the euro zone and its negative demand implications for industrial metals. Losses bucked a generally positive tone in other risk-asset markets like equities and crude oil, as well as stronger move in the euro versus the dollar, as copper investors returned their focus to a dimmer demand and brushed aside renewed supply-side troubles at a major copper mine in Indonesia. "The macro demand picture is trumping all today," said Michael Gross, futures analyst with in Tampa, Florida. London Metal Exchange (LME) three-month copper shed $45 to end at $8,390 a tonne. In New York, the March COMEX contract fell by 2.75 cents to settle at $3.8060 per lb, after dealing between $3.7735 and $3.8395. Copper slumped after European Commission interim data showed euro area GDP was expected ...

US wheat falls after USDA raises acreage view  CHICAGO: US wheat futures fell on Thursday, led lower by declines in MGEX spring wheat contracts after the US Agriculture Department raised its projection for US wheat acreage. * Spring wheat acres seen rising sharply from a year ago, when flooding in the northern US Plains curtailed planting efforts. * USDA forecast US wheat plantings at 58 million acres, up 3.6 million acres from 2011. USDA pegged world wheat stocks at record 213.1 million tonnes. * International ...
CBOT soybeans end higher on S.American crop worries  CHICAGO: Soybean futures on the Chicago Board of Trade ended higher Thursday on a weaker dollar and worries about South American crop problems that may signal more export demand for US supplies, traders said. * Soymeal followed soybeans higher, but soyoil ended lower on profit-taking and meal/oil spreading. * Front-month March soybeans reached a five-month high at $12.80 a bushel, the highest spot soybean price since Sept. 23, 2011, but pared gains by the close. Soybeans have ...
Argentina soy prices stable due choppy CBOT trade  BUENOS AIRES: Argentina's closing soy prices and trends on Wednesday: * Soy prices in Rosario closed flat at 1,360 pesos per tonne ($312) due to a lack of clear direction in the benchmark Chicago futures market, traders said. Argentine grain markets were closed Monday and Tuesday due to national holidays. * Trade volume remained light at between 7,000 tonnes and 8,000 tonnes, roughly similar to what changed hands in the previous session. * Soybean futures on the Chicago ...
ICE canola ends mixed after hitting 5-month high  WINNIPEG: ICE Canada canola futures settled narrowly mixed on Wednesday as light profit-taking after a five-month high offset support from firm cash markets and exporter pricing, traders said. * March canola settled 10 cents higher at $558.40 a tonne on volume of 7,397 lots. The March contract has closed higher or unchanged for 13 straight sessions. * March canola hit $559.90 per tonne, the highest spot price since Sept. 16. Canola is up more than 7 percent ...
Gold jumps to 3-month high on chart buying  NEW YORK/LONDON: Gold jumped to a three-month high on Wednesday, reversing early losses after bullish technical factors triggered fund buying, and platinum prices hit their highest in five months on supply worries. Platinum outperformed gold's 1 percent gain, rallying 2 percent on the prospect of shortage driven by a labor dispute in South Africa, the world's top platinum producer. Bullion turned positive late in the session and accelerated upwards once it breached technical resistance near $1,765 ...
NY juice ends down for second day on profit-taking  NEW YORK: Orange juice futures fell for a second straight session on Wednesday as the market continued to consolidate recent gains on supply worries driven by speculation about a banned fungicide in juice imports. Benchmark May frozen concentrated orange juice fell 1.65 cent to close at $1.7880 per lb, trading from $1.7835 to $1.8350. The nearby March contract ended down 4.05 cents at $1.8230 a lb. Weakness in other agricultural commodities such as coffee and cotton and a ...


Index Closing Chg%
Arrow DJIA 17,051.73 0.28
Arrow Nasdaq 4,424.70 0.17
Arrow S&P 1,973.63 0.23
Arrow FTSE 6,728.44 0.31
Arrow DAX 9,612.05 1.11
Arrow CAC-40 4,304.74 0.71
Arrow Nikkei 15,215.71 1.01
Arrow H.Seng 23,387.14 0.29
Arrow Sensex 25,715.17 0.29

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