|
Commitments of Traders in the News
May 16 (Bloomberg) -- Crude oil rose above $127 a barrel for the first time, leading commodities higher, after Goldman Sachs Group Inc. raised its forecast and on speculation Chinese diesel purchases will strain supplies.
Washington—The National Grain and Feed Association ( NGFA ) told Congress this week that it formally has petitioned the Commodity Futures Trading Commission ( CFTC ) urging the agency to impose a moratorium on all hedge exemptions for certain investment funds in U.S. agricultural futures markets to provide time for the market to adjust.
U.S. cotton futures closed with modest gains Monday after a choppy session in which prices swung on both sides of unchanged amid a mixed trade in many commodities, brokers and analysts said.
Frozen concentrated orange juice futures fell to 2 1/2-week lows Monday on technical selling as the July contract traded above Friday's high but was unable to pierce stronger resistance, which encouraged speculative sales, brokers said.
Cocoa on ICE Futures U.S. rose on speculative buying linked to U.S. dollar weakness, with technicals also providing buying interest, a broker said Monday.
Research and Markets (http://www.researchandmarkets.com/reports/c90505)
DUBLIN, Ireland----Research and Markets
May 6 (Bloomberg) -- Gold rose for the third straight session as the dollar declined against the euro and energy costs surged, boosting the appeal of the precious metal as a hedge against inflation. Silver also gained.
CHICAGO - May 5/08 - SNS -- International agriculture commodity markets maintained moderate activity as a rising number of large buyers show increased reluctance to participate in markets at current values.
July frozen concentrate orange juice futures ended mixed Monday amid technically linked sales and light volume trading, a broker said. Most-active July futures settled 85 points lower at $1.2070 a pound. The nearby May contract rose 125 points to settle at $1.1905 a pound.
|