links for 2007-10-04
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Gold dropped for the second day in a row after the dollar rebounded against the euro, reducing the appeal of the precious metal as an alternative investment. Silver was little changed.
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Soybeans rose, erasing an early loss, as hot, dry weather delays planting and threatens newly sown crops in Brazil, the second-biggest producer and exporter of the oilseed after the U.S.
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Coffee rose as dry weather forecast for Brazil, the world’s largest producer, threatens to damage the crop during the flowering season.
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Crude oil was little changed after an Energy Department report showed that U.S. inventories unexpectedly increased last week.
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Copper rose to the highest price since May 2006 as a strike at Southern Copper Corp., the world’s fifth-largest producer of the metal, threatened to cut supplies.
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Wheat and Soybeans, Silver and Copper Show Some Resilience As U.S. Dollar Climbs
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Sugar fell after mill owners in Brazil, the world’s biggest producer, increased sales to take advantage of the highest prices in six weeks.
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Copper fell the most in almost a month on concern that slower economic growth will reduce demand in the U.S., the world’s second-largest user of the metal.
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Gold declined for a third consecutive session in London as the euro traded near the lowest in a week against the dollar, eroding the metal’s appeal as an alternative investment.
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Robusta coffee fell for a third successive day in London on speculation more beans will be shipped from Vietnam, the biggest grower of the commodity.
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