Fri, 10/12/2010 - 06:52 by Prince damin
Chicago -- Wheat and oat futures trended higher Thursday on the Chicago Board of Trade with the dollar index flat, climbing just 0.05 percent.
Corn was off 1/4 to up 3/4, soybeans were off 14 1/2 to off 15 3/4, wheat was up 4 1/2 to up 7 3/4 and oats were up 4 to up 16.
Corn prices were little changed with sellers taking advantage of Wednesday's rally and the U.S. Department of Agriculture announcing Mexico's purchase of 240,000 metric tons. Wheat futures found support with Iraq purchasing 250,000 metric tons from U.S. sources. Soybean prices fell as China is expected to try to delay deliveries of some of its recent purchases.
The prices:
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Fri, 10/12/2010 - 06:51 by Prince damin
New York -- Gold prices held steady Thursday in New York as equities were mixed and the dollar turned flat after three days of increases.
The Dow Jones industrial average lost 2.42 points or 0.02 percent. The Standard & Poor's index climbed modestly, adding 4.72 points or 0.38 percent to 1,233.00.
The dollar index rose 0.08 percent, a relatively flat performance, but one that comes after gains of 0.5 percent Tuesday and 0.17 percent Wednesday.
On the Comex division of the New York Mercantile Exchange gold added $3.10 to $1,386.30 per troy ounce. Crude oil prices for January delivery added 17 cents to $88.45 per barrel.
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Thu, 09/12/2010 - 09:55 by Prince damin
Chicago -- Grain futures closed higher on the Chicago Board of Trade Wednesday with the dollar index up 0.16 percent.
Corn was up 23 1/4 to up 13 1/4, soybeans were up 10 1/2 to up 11 1/4, wheat was off 1 to up 3 and oats were off 5 to up 14.
Corn prices rose sharply with the weekly ethanol report showing a 6.1 percent rise in production from the previous week -- up 19.2 percent from a year ago. Wheat futures found support from Australia, where weather conditions in the southeast are expected to drop up to 60 percent of the crop in the region to feed status. Soybeans found support as sellers focus on end-of-year targets and weather conditions in Brazil and Argentina, where beneficial rain is expected.
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Thu, 09/12/2010 - 09:50 by Prince damin
New York -- U.S. markets mustered few gains Wednesday with the dollar index extending its rise into the second trading session, climbing 0.18 percent to 80.
The dollar's gain weighed on commodities and U.S. firms that rely on exports. With no major reports on the U.S. economic calendar, Germany reported its trade surplus grew from $16.5 billion in October 2009 to $18.8 billion in October 2010.
The surplus is a reminder of the struggles of the euro, which is shared by countries with economies in decline, such as Greece and Ireland, and countries where an economic recovery has found traction, such as Germany and France.
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Thu, 09/12/2010 - 07:42 by Prince damin
New York -- U.S. markets opened flat Wednesday with the dollar index extending its gains into the second trading session, rising 0.22 percent to 80.03.
The dollar's gain weighed on commodities and U.S. firms that rely on exports. With no major reports on the U.S. economic calendar, Germany reported its trade surplus grew from $16.5 billion in October 2009 to $18.8 billion for October 2010.
The surplus is a reminder of the struggles of the euro, which is shared by countries with economies in decline, such as Greece and Ireland, and countries where an economic recovery has found traction, such as Germany and France.
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Wed, 08/12/2010 - 10:51 by Prince damin
New York -- Crude oil prices slid Tuesday after peaking above $90 per barrel for the second time in a week.
Prices reached $90.76 in overnight trading but lost ground as the dollar index rose 0.5 percent. U.S. equity markets started strong but closed flat as enthusiasm over a tax plan compromise announced by the White House faded by the close of trading.
The price of January light, sweet crude oil on the New York Mercantile Exchange dropped $2.46 from the peak to $88.30. Heating oil prices lost 0.57 cents to $2.47 per gallon. Reformulated gasoline prices dropped 2.93 cents to $2.3124 per gallon.
Henry Hub natural gas prices shed 1.03 cents to $4.485 per million British thermal units.
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Wed, 08/12/2010 - 10:37 by Prince damin
Chicago -- Grain futures closed lower on the Chicago Board of Trade Tuesday with the dollar index up 0.5 percent.
Corn was off 6 1/4 to off 6 1/2, soybeans were off 3/4 to off 3, wheat was off 4 1/2 to off 9 and oats were off 8 to up 1.
Corn prices fell on a weaker dollar, despite a U.S. Department of Agriculture announcement of a sale of 116,000 metric tons to an unnamed buyer. Wheat futures fell with Australia expecting a drop in wheat available for exports due to extensive rains through the harvest season. Soybeans found support from an announcement that China would increase imports to combat rising food prices.
The prices:
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Wed, 08/12/2010 - 10:21 by Prince damin
New York -- Gold prices slid under $1,400 per ounce in New York, losing $17.60 or 1.2 percent Tuesday, as the dollar index rose 0.5 percent.
The Dow Jones industrial average lost ground for the second consecutive day, dropping 3.03 points or 0.03 percent, as early gains prompted by an announced agreement to extend the George W. Bush era tax cuts failed to hold.
On the Comex division of the New York Mercantile Exchange gold lost $17.60 to $1,398.50 per troy ounce. Crude oil prices for January delivery lost $1.19 cents to $88.19 per barrel.
The U.S. dollar was mixed in Asia and Europe. The euro fell to $1.3263 from Monday's $1.3314. Against the yen, the dollar rose to 83.48 yen from Monday's 82.66 yen.
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Thu, 02/12/2010 - 10:07 by Prince damin
Chicago -- Grain futures surged higher on the Chicago Board of Trade Wednesday, as the dollar index fell 0.64 percent.
Corn was up 21 3/4 to up 22 3/4, soybeans were up 40 to up 40 1/4, wheat was up 46 to up 49 1/2 and oats were up 12 1/4 to up 27 1/4.
Corn prices jumped with funds positioned to buy and the Energy Information Administration reporting ethanol production for the week ending Nov. 26 averaged 885,000 barrels per day, up 99,000 barrels from the same week last year. Wheat founds support from Egypt purchasing 220,000 metric tons Wednesday. Soybean prices rose sharply along with a strong gains in equities on Wall Street.
The prices:
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Thu, 02/12/2010 - 09:45 by Prince damin
New York -- Gold prices rose in New York Monday as equities moved sharply higher and the dollar index moved lower, down 0.64 percent.
The Dow Jones industrial average surged higher, up 2.27 percent. The Standard & Poor's index gained 2.16 percent, while the Nasdaq index gained 2.05 percent.
Investments found support from improved fundamentals with payroll firm Automatic Data Processing Inc. reporting private sector jobs rose for the 16th consecutive month in November
On the Comex division of the New York Mercantile Exchange gold prices gained $2.50 to $1,388.60. Crude oil prices for January delivery added $2.66 to $86.77 per barrel.
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Thu, 25/11/2010 - 06:53 by Prince damin
New York -- Gold prices fell in New York Wednesday as equities rebounded and the dollar index was flat, falling 0.06 percent.
On Wall Street, equities recovered from Tuesday's losses, the Dow Jones industrial average tacking on 150.91 points, up 1.37 percent to 11,187.28.
On the Comex division of the New York Mercantile Exchange gold prices lost $4.30 to $1,375.40. Crude oil prices for January delivery added $2.93 to $84.18 per barrel.
The dollar was mixed Wednesday before a U.S. holiday. The U.S. dollar fell against the Australian dollar and the South Korean won. It made headway in trades with the euro and the British pound.
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Wed, 24/11/2010 - 06:08 by Prince damin
New York -- Gold prices rose in New York despite a sharp climb in the dollar index as investors fled equities Tuesday.
The dollar index rose 1.28 percent from 78.64 to 79.69.
In late afternoon trading, gold prices on the Comex division of the New York Mercantile Exchange added $18.70 to $1,376.50. Crude oil prices for January delivery lost 76 cents to $80.98 per barrel.
The sell-off in equities was sparked by jitters over the escalating hostilities in North and South Korea, which exchanged artillery fire over disputed territory in the western maritime border.
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