The U.S. Commodity Futures Trading Commission is investigating allegations of price manipulation in silver futures markets. Gold, silver and platinum declined. Pilgrim's Pride Corp. plunged in New York after saying it may breach a credit covenant because of a fourth-quarter loss. Corn and soybeans fell, while wheat gained. Sugar output in Brazil's Center South, the world's biggest-producing region, fell in the first half of September.
PRECIOUS METALS, GEMS
U.S. Commodity Regulator Investigating Silver Futures Markets
The U.S. Commodity Futures Trading Commission is investigating allegations of price manipulation in silver futures markets, an agency official said.
Gold Drops on Speculation U.S. Rescue Plan Will Placate Markets
Gold futures dropped on speculation that a U.S. plan to ease the credit crunch will stabilize financial markets and reduce the appeal of the precious metal as a haven. Gold fell $13, or 1.5 percent, to $882 an ounce in New York. Silver declined 16.5 cents, or 1.2 percent, to $13.275 an ounce.
Platinum, Palladium Fall in N.Y. as Durable-Goods Orders Slump
Platinum and palladium dropped for a second day in three on concern that demand for the metals used in car and truck parts may slow as orders for U.S. durable goods fell more than twice as much as forecast last month. Platinum fell $39.80, or 3.2 percent, to $1,191.20 an ounce in New York. Palladium sank $10.40, or 4.1 percent, to $242.45 an ounce.
AGRICULTURAL COMMODITIES
Pilgrim's Pride Plunges 40% After Default Warning
Pilgrim's Pride Corp., the biggest U.S. chicken producer, plunged 40 percent, the most ever, on the New York Stock Exchange after saying it may breach a credit covenant because of a ''significant'' fourth-quarter loss. The shares tumbled $2.52 to $3.84 at 4:15 p.m. in New York.
Corn, Soybeans Decline as Sagging U.S. Economy Erodes Demand
Corn fell for the first time in a week and soybeans declined on speculation that a slowing U.S. economy will reduce demand for food, animal feed and fuels made from the crops. Corn dropped 4.75 cents, or 0.8 percent, to $5.5825 a bushel in Chicago. Soybeans declined 4 cents, or 0.3 percent, to $11.83 a bushel.
Wheat Rises as U.S. Growers May Seed Less Grain on Lower Prices
Wheat gained, reversing earlier losses, on speculation growers in the U.S., the largest exporter of the grain, will plant fewer acres with winter varieties as prices fall and input costs rise. Wheat gained 6 cents, or 0.8 percent, to $7.3625 a bushel in Chicago.
Cattle Fall on Signs of Slowing U.S. Beef Demand; Hogs Drop
Cattle futures fell the most in a week on signs that U.S. demand for beef has slowed after the end of summer grilling season. Cattle dropped 1.575 cents, or 1.5 percent, to $1.02625 a pound in Chicago. Feeder cattle declined 1.075 cents, or 1 percent, to $1.06375 a pound in Chicago. Hogs slipped 0.1 cent, or 0.2 percent, to 66.125 cents a pound.
U.S. Hog Farmers Cull Breeding Herd on Feed Costs, Survey Shows
U.S. hog producers probably reduced the size of their breeding herds by 2.8 percent in the quarter ended Aug. 31, as record corn costs led to losses in nine of the past 11 months, analysts said.
CHEMICALS
PPG to Buy BASF's North American Coil-Coatings Unit
PPG Industries Inc., the world's second-biggest paintmaker, agreed to buy some of BASF SE's North American industrial-coatings assets, excluding factories.
INDUSTRIAL METALS, MINING
Copper Rebounds as Dollar's Decline Increases Metal Demand
Copper gained, rebounding from a two-day slide, as a weaker dollar boosted the appeal of commodities as inflation hedges. Copper climbed 2.8 cents, or 0.9 percent, to $3.1345 a pound in New York.
SOFT COMMODITIES
Brazil Region's Sugar Output Drops on Ethanol, Rains
Sugar output in Brazil's Center South, the world's biggest-producing region, fell 0.8 percent in the first half of September from a year earlier as mills boosted ethanol output and rains slowed harvesting.
Sugar Touches 2-Month High as India's Cane Harvest Declines
Sugar rose to the highest price in almost two months amid speculation that India, the world's second-largest producer, will export less as its cane harvest declines. Raw sugar gained 0.45 cent, or 3.2 percent, to 14.55 cents a pound in New York.
Orange Juice Falls as Storm Threats to Florida Citrus Crop Wane
Orange juice dropped the most in a week as the odds fell that a major storm will damage citrus groves in Florida, the world's second-biggest orange producer. Orange juice fell 1.3 cents, or 1.4 percent, to 91.3 cents a pound in New York.
Coffee Futures Climb in N.Y. on Signs of Tightening Inventories
Coffee rose to the highest price in more than a week amid signs that supplies are tightening and speculation the dollar will slump, lifting demand for U.S. commodities. Arabica coffee climbed 1.95 cents, or 1.4 percent, to $1.376 a pound in New York. Robusta gained $19, or 0.9 percent, to $2,179 a metric ton in London.
Cocoa Falls as Gain in Dollar Reduces the Appeal of Commodities
Cocoa fell in New York for the second day in three as the dollar extended its rally, reducing the appeal of commodities as inflation hedges. Cocoa dropped $17, or 0.6 percent, to $2,740 a metric ton.
Cotton Rises on Bets U.S. Congress to Approve Bank-Rescue Plan
Cotton rose on signs that the U.S. Congress was close to an agreement on a $700 billion bank-rescue plan that would boost confidence in the economy. Cotton climbed 0.31 cent, or 0.5 percent, to 61.66 cents a pound in New York.
Related Products:
    
aluminum tube aluminum fin strip copolymer coated aluminum tape kitchen cabinet zinc strip
|
