Archive | August, 2004

DJ CBOT Traders Call USDA Data Bullish For Soy, Bearish Wheat, Corn

By Lisa Kallal – CHICAGO (Dow Jones)–Traders on the Chicago Board of Trade floor found Thursday’s U.S. Department of Agriculture data to be bullish for soybean futures, but bearish corn and wheat. Traders called CBOT soybean futures mostly up 10-20 cents per bushel, after seeing a much lower-than-expected U.S. 2004-05 soybean crop. “If everyone believes […]

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Chicago muscles in on gold, silver trade

By Peter McKay – The Chicago Board of Trade is planning to launch online gold and silver futures that will compete directly with the long-established ones listed on the Comex division of the New York Mercantile Exchange. People familiar with the move say the CBOT is trying to capitalise on the spate of high prices […]

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Commodity News Brief

IBA net surges International Bank of Asia (IBA), one of Hong Kong’s smallest listed lenders, said yesterday its first-half profit nearly quadrupled as it set aside less money for bad loans amid the city’s economic recovery. IBA, which is 75-per-cent owned by Taiwan’s Fubon Financial Holding Co, reported net profit of HK$198.84 million (US$25.5 million), […]

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Europe gold seen steady to firmer before Fed meet

LONDON, Aug 9 (Reuters) – Gold prices kept to tight ranges on Monday in Europe as the market digested Friday’s run up to two-week highs above $400/oz following much weaker-than-expected U.S. jobs data. Traders and analysts felt the market had potential for further gains, although volatility would remain high given the low liquidity levels. “It […]

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Crude Prices: “It’s Unreal!”

By Bill Cara – The head of the Organization of Petroleum Exporting Countries, called OPEC, gave us the quote of the Day: “It’s Unreal!” We beg to differ. It is real, and if, as and when crude oil prices go higher, so too does our cost at the fuel pumps. Analysts widely believe that for […]

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Canadian Bonds Rise as Economic Reports Show Dim U.S. Growth

Aug. 3 (Bloomberg) — Canadian two-year bonds rose after the country’s biggest trading partner, the U.S., reported spending by consumers fell in June for the first time in nine months and a measure of inflation slowed. The currency rose. Canada has no economic reports until Thursday and was celebrating the Civic Holiday yesterday. Bonds gained […]

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