Commodities Futures

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  • U.S. crude futures edged down 4 cents to $48.04 a barrel by 0016 GMT, having settled down 33 cents in the previous session. Brent futures dipped 4 cents to $48.31 after closing down 37 cents in the previous session, with both contracts finishing with modest losses for a fourth straight session. The American Petroleum Institute is due to release its inventory data...

  • CHICAGO, May 23- U.S. soybean futures fell on Monday on profit-taking as soymeal backed down from contract highs and as the U.S. dollar firmed, steering investors away from commodities, analysts said. At the Chicago Board of Trade as of 11:58 a.m. CST, July soybeans were down 16-1/ 4 cents at $10.58 per bushel after dipping to $10.52. CBOT July wheat was down 3-1/ 4 cents...

  • *Iran says it has no plan to freeze oil output, exports. *Brent to average $45/ barrel this year, WTI $45- Goldman. NEW YORK, May 23- Oil prices slid early on Monday as Iran vowed to ramp up output and rig reductions paused in the United States, then crude futures pared losses on data showing a stockpile drawdown at the U.S. delivery hub.

  • May 23- Oil prices pared losses on Monday morning after market intelligence firm Genscape reported a drawdown of nearly 1 million barrels at the Cushing, Oklahoma delivery point for U.S. crude futures in the week to May 20, traders said. U.S. crude' West Texas Intermediate futures were down 33 cents at $48.08 a barrel by 10:12 a.m. EDT, after sliding to $47.40...

  • *Soymeal dips after 18- month high on Argentina crop fears. PARIS/ SINGAPORE, May 23- Chicago soymeal futures edged lower on Monday as a retreat across commodities encouraged the oilseed market to consolidate after an 18- month high before the weekend due to concerns about rain losses in Argentina's soybean harvest. Chicago Board of Trade most-active soybeans...

  • May 23- U.S. stock index futures were slightly lower on Monday as oil prices fell and investors awaited speeches by Federal Reserve officials this week for clues on the timing of the next rate increase. *Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output, returning investor attention to a global...

  • *Brent to average $45 per bbl this year, up from $39- Goldman. Brent futures had dropped 57 cents to $48.15 a barrel by 0641 GMT, after ending the previous session 9 cents down. That came as U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent, as unplanned supply outages rose to the highest since at least 2011 due to wildfires in Canada and losses in Nigeria,...

  • *Brent to average $45 per bbl this year, up from $39- Goldman. Brent futures were down 18 cents at $48.54 a barrel as of 0421 GMT, after ending the previous session 9 cents down. That came as U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent, as unplanned supply outages rose to the highest since at least 2011 due to wildfires in Canada and losses in Nigeria,...

  • SINGAPORE, May 23- Chicago wheat futures slid for a fourth consecutive session on Monday as the market was weighed down by ample global supplies and a strong dollar. Chicago Board of Trade most-active wheat contract lost 0.2 percent to $4.66-3/ 4 a bushel by 0310 GMT, having given up more than 3 percent in four sessions. Soybeans fell 0.7 percent to $10.67-1/ 4 a...

  • SYDNEY, May 23- U.S. soybean prices inched down on Monday, but concerns about South American production curbed the decline. *The most active soybean futures on the Chicago Board of Trade fell 0.63 percent to $10.67-1/ 2 a bushel, having firmed 0.26 percent on Friday. *The U.S. Department of Agriculture, through its daily reporting system, said exporters struck deals to...

  • MELBOURNE, May 23- London copper was mired near three-month lows on Monday as the dollar held strong on expectations the U.S. would raise interest rates next month, boosting capital costs and eroding the allure of commodities. *Shanghai Futures Exchange copper eased 0.4 percent to 35,060 yuan a tonne. *Conditions for a rate increase by the Federal Reserve are "on...

  • U.S. crude futures fell 16 cents to $48.25 a barrel as of 2347 GMT after settling down 41 cents in the previous session. Brent futures were down 7 cents at $48.65 a barrel after ending the previous session 9 cents down. U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent week, as unplanned supply outages rose to the highest since at least 2011 due to...

  • Dennis Gartman on the gold market.

    Here's when veteran trader Dennis Gartman says you should consider buying gold.

  • *Argentina soy crop suffers from excessive rains. CHICAGO, May 20- U.S. soybean meal futures climbed to 18- month highs on Friday as short-covering and concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains. "It's no doubt a meal-led rally," said Don Roose, president of Iowa broker U.S. Commodities.

  • NEW YORK/ LONDON, May 20- Gold edged lower on Friday for the third straight session and notched its biggest weekly slide in nearly two months on growing expectations for an increase in U.S. interest rates as soon as next month. U.S. gold futures for June delivery settled down $1.90 at $1,252.90. "Those minutes from the last FOMC meeting I think really gave quite a bit of...

  • Hughes@ May 20- U.S. energy firms this week kept the number of rigs drilling for oil unchanged for the first time this year as crude futures trade near a seven-month high, indicating that a near two-year slump in the rig count could be ending as forecast by several analysts. Drillers kept the number of rigs RIG-OL-USA- BHI> at 318 in the week to May 20, holding at the...

  • Drillers kept the number of rigs at 318 in the week to May 20, holding at the lowest level since October 2009, Baker Hughes said in its closely followed report. RIG-OL-USA- BHI> Prior to this week, drillers added only one rig so far this year during the week of March 18. But with U.S. crude futures settling over $48 a barrel much of the week on production worries in Nigeria...

  • CHICAGO, May 20- U.S. soybean meal futures climbed to their highest prices in 18 months on Friday as concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains. "We've got ideas and reports that Argentina is not offering as much meal as they should," said Rich Nelson, chief strategist for Illinois brokerage Allendale.

  • *Oil was marginally up on Friday and hovered near a six-month high, helped by supply disruptions in Canada and Nigeria. *New York Fed President William Dudley said on Thursday the U.S. economy was strong enough to warrant a rate hike in June or July. *Tesla rose 1.4 percent to $218.23 in premarket trading on Friday after the company priced its secondary offering of...

  • *Concerns over Argentina supplies underpin soybean futures Commodity markets pick up after selling on strong dollar. PARIS/ SINGAPORE, May 20- U.S. soybeans rose on Friday, recovering from a dollar-driven sell-off in commodities a day earlier, as concerns over crop losses in Argentina underpinned a market that was heading for its sixth consecutive weekly rise.

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