International Business News - Commodities http://www.ibtimes.com/subsection/globalmarkets/commodities.htm All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Soybeans gained 1.5-percent this week, with the July contract settling 20 cents higher on the week at $13.78 a bushel. Speculation that the Argentine farmer strike would add pressure to an already tight U.S. supply kept prices higher. Improving corn plantings in the U.S. Midwest, however, capped any additional gains in the corn market. 118059 http://www.ibtimes.com/articles/20080517/cnc-commodities-weekly-wrap-up.htm Sat, 17 May 2008 08:32:22 EDT Gold prices picked up another 2.4% on Friday, as the dollar dropped quite a hefty amount, to 72.79 on the index. A $3.69 rise in crude oil during the day (to $127.82) was met with a correlated move in gold this time around. A 117938 http://www.ibtimes.com/articles/20080516/oil-amp-gold-divorce-or-happy-reunion.htm Fri, 16 May 2008 19:06:15 EDT Gold futures closed near $900 an ounce on Friday in New York, making it the highest gain for the contract in 10 weeks as energy costs surged to a record and the dollar weakened, boosting the appeal of the precious metal as a hedge against inflation. 117751 http://www.ibtimes.com/articles/20080516/gold-oil-silver-commodities-futures-hedge.htm Fri, 16 May 2008 17:21:33 EDT Agriculture futures traded mixed Friday on the Chicago Board of Trade. Wheat for July delivery added 4 cents to $7.755 a bushel; July corn fell 8 cents to $5.91 a bushel; July oats traded flat at $3.94 a bushel; July soybeans gained 30.5 cents to $13.78 a bushel. 117657 http://www.ibtimes.com/articles/20080516/agriculture-futures-open-higher-on-cbot.htm Fri, 16 May 2008 16:16:45 EDT Crude oil soared to a new record high on Friday above $127 a barrel, after Goldman Sachs significantly increased its projections for oil prices while trader's feared demand for distillate fuels from China will increase next month. 117720 http://www.ibtimes.com/data/articleimgs/47525-oil.jpg http://www.ibtimes.com/articles/20080516/oil-goldman-sachs-record-brent-china.htm http://www.ibtimes.com/articles/20080516/oil-goldman-sachs-record-brent-china.htm Fri, 16 May 2008 16:16:21 EDT Gold prices picked up yet another 1.5% overnight as the dollar headed lower on anticipation of poor US housing and consumer confidence data being released today. A two-dollar rise in crude oil (to $126.09) was met with a correlated move in gold this time 117549 http://www.ibtimes.com/articles/20080516/hedge-trimming-season.htm Fri, 16 May 2008 08:51:01 EDT Precious MetalsGold was dead flat straight through the overseas markets yesterday, but once the NYMEX opened it was off to the races, shooting as high as $887 before selling off about $8 at the noon hour, but then catching a second wind in the Globex and pushing to a finish at $881.00, up $16.60. ... 117547 http://www.ibtimes.com/articles/20080516/the-daily-resource-05-16-2008.htm Fri, 16 May 2008 08:06:01 EDT Gold was up $13 to $878.40 yesterday and silver was up 7 cents to $16.62 (more on silver below). Gold traded flat in Asia and has risen in early trading in Europe to $889 per ounce. 117546 http://www.ibtimes.com/articles/20080516/gold-investments-market-update.htm Fri, 16 May 2008 08:05:51 EDT Crude oil closed modestly lower today, with the June contract settling 10 cents lower at $124.12 a barrel. Larger than expected build in U.S. natural gas inventories pulled crude lower after rallying $2 higher early in the session. 117386 http://www.ibtimes.com/articles/20080515/commodity-news-center-com-market-summary.htm Thu, 15 May 2008 21:14:12 EDT Natural gas spot prices increased in a majority of regions of the Lower 48 States this report week (Wednesday–Wednesday, May 7-14).The Henry Hub spot price increased $0.43 per million Btu (MMBtu) to $11.51, the highest 117381 http://www.ibtimes.com/articles/20080515/natural-gas-weekly-update-may.htm Thu, 15 May 2008 19:51:36 EDT Copper rose on Thursday as a report showed inventories of the metal declined and investors speculate supplies will be insufficient to meet global demand. 117375 http://www.ibtimes.com/articles/20080515/copper-futures-rise-inventories-slumped.htm Thu, 15 May 2008 18:21:55 EDT Gold futures closed with gains for the first time this week on speculation that higher energy costs and a weaker dollar will boost demand for the precious metal as a hedge against inflation. 117218 http://www.ibtimes.com/articles/20080515/gold-oil-silver-commodities-futures.htm Thu, 15 May 2008 16:22:56 EDT Agriculture futures traded mixed Thursday on the Chicago Board of Trade. Wheat for July delivery rose 7.5 cents to $7.715 a bushel; July corn added 2.75 cents to $5.99 a bushel; July oats fell 13.5 cents to $3.94 a bushel; July soybeans dropped 32 cents to $13.475 a bushel. 117223 http://www.ibtimes.com/articles/20080515/agriculture-futures-trade-mixed-on-cbot.htm Thu, 15 May 2008 16:21:13 EDT Agriculture futures traded mostly lower Thursday on the Chicago Board of Trade. Wheat for July delivery added 9 cents to $7.73 a bushel; July corn fell 0.75 cent to $5.955 a bushel; July oats dropped 1.25 cents to $4.0625 a bushel; July soybeans fell 7 cents to $13.725 a bushel. 117035 http://www.ibtimes.com/articles/20080515/agriculture-futures-trade-mostly-lower-on-cbot.htm Thu, 15 May 2008 12:26:19 EDT Gold was down $3.60 to $865.40 yesterday and silver was down 18 cents to $16.55. Gold traded flat in Asia and has risen marginally in early trading in Europe. While the dollar is down today, the dollar's short term bounce may continue and this could put further pressure on gold and result in further consolidation at these levels (the $850 to $890 range). But oil is up more than 0.5% again th... 116958 http://www.ibtimes.com/articles/20080515/gold-investments-market-update.htm Thu, 15 May 2008 10:24:31 EDT Relatively quiet conditions dominated the overnight action in gold as it spent the time within the $860-$870 range following yesterday's dip to one-week lows. Light physical buying emerged and lent support to the metal, along with a turn 116932 http://www.ibtimes.com/articles/20080515/bubble-bursting-blueprint.htm Thu, 15 May 2008 09:35:53 EDT Relatively quiet conditions dominated the overnight action in gold as it spent the time within the $860-$870 range following yesterday's dip to one-week lows. Light physical buying emerged and lent support to the metal, along with a turn 116931 http://www.ibtimes.com/articles/20080515/bubble-bursting-blueprint.htm Thu, 15 May 2008 09:34:32 EDT Precious MetalsGold was tightly rangebound from the overseas markets straight through the NYMEX and Globex sessions on Wednesday, bouncing between $860 and $870, and finishing at $864.40, down $1.30. Overnight, gold has edged higher in the overseas markets.Platinum fell as low as $2000 in Hong Kon... 116876 http://www.ibtimes.com/articles/20080515/the-daily-resource-05-15-2008.htm Thu, 15 May 2008 08:06:01 EDT Wheat fell to a 6-month low, with the July contract settling 31 3/4 cents lower at $7.64 per bushel. Speculation that importers are waiting until next months harvest in the U.S. before making new purchases, on expectations that prices will come down on a huge U.S. crop 116665 http://www.ibtimes.com/articles/20080514/commodity-news-center-com-market-summary.htm Wed, 14 May 2008 20:38:52 EDT Tokyo stocks continued to rise for the third-straight day Wednesday due to a weaker yen against U.S. dollar and rebounding Shanghai equities. 116557 http://www.ibtimes.com/articles/20080514/japan-stocks-continued-rise-stregthening-shanghai-shares.htm Wed, 14 May 2008 16:44:27 EDT