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  • WINNIPEG, May 25- U.S. soybean futures jumped more than 2 percent on Wednesday, boosted by concerns about a possible shortage of soymeal from Argentina. Chicago Board of Trade July soybeans was up 22-3/ 4 cents, or 2.2 percent, at $10.77-1/ 2 a bushel at 10:14 a.m. CDT. "It's all on the meal market," said Bill Gary, president of Commodity Information Systems.

  • WASHINGTON— Citibank will pay $425 million in fines to settle federal civil charges of attempting to manipulate key benchmarks used to set interest rates for investments in derivatives and U.S. Treasury bonds as well as a range of consumer loans. The Commodity Futures Trading Commission announced two settlements Wednesday with Citibank, part of the big Wall...

  • WASHINGTON, May 25- Citigroup and its affiliates have agreed to pay a collective $425 million to resolve civil charges the bank attempted to manipulate several key benchmarks, including the U.S. dollar ISDAFIX, the Yen Libor and the Euroyen TIBOR, the Commodity Futures Trading Commission said. The CFTC said on Wednesday the bank was also charged with false...

  • WASHINGTON, May 25- Citibank and its affiliates has agreed to pay a collective $425 million to resolve civil charges that the bank attempted to manipulate several key benchmarks, including the U.S. dollar ISDAFIX, the Yen Libor and the Euroyen TIBOR, the Commodity Futures Trading Commission said.

  • Traders say several polls show Britain will vote strongly to stay in the European Union. *Euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal that will address Athens' requests for debt relief. *Fed speakers scheduled to speak later on Wednesday include Federal Reserve Bank of Philadelphia President Patrick Harker,...

  • Here's why Lindsey Group Chief Market Analyst Peter Boockvar says gold is heading higher.

  • LONDON, May 25- Copper prices rose on Wednesday for a second session as bearish investors bought futures to close out positions, unsure about the short-term direction due to mixed signals from top metals consumer China. "By and large the price moves we've seen over the last day or so reflect some profit taking on short positions that dominated the previous weeks,"...

  • HAMBURG/ SINGAPORE, May 25- U.S. wheat futures rose for a second session on Wednesday, underpinned by forecasts of rain in the U.S. Soybeans rose on renewed worries about the impact of recent rain damage to Argentina's crop now being harvested. Chicago Board of Trade most-active July wheat was up 0.5 percent to $4.66-1/ 2 a bushel at 0955 GMT.

  • *Drawdown due to lost Canada output, strong economy- analyst. A series of outages around the world, such as wildfires in Canada and a spate of violence in Nigeria's oil-producing region, has helped cut global oil supply by nearly 4 million barrels per day this month. Brent crude futures were up 58 cents at $49.19 a barrel by 0849 GMT, while U.S. crude futures rose 56...

  • Spot gold was down 0.2 percent at $1,223.96 per ounce its lowest since April 7. U.S. gold futures dipped 0.4 percent to $1,224.30. The change in rate hike expectations is still the major theme, but after the end of June the overall sentiment on the rate hike will be pretty much done, "said Mark To, head of research at Hong Kong's Wing Fung Financial Group.

  • SHANGHAI, May 25- China may open up its commodities futures markets to overseas and financial investors, the country's securities regulator said, as the world's top consumer of many raw materials seeks to play a larger role in setting global commodities prices. China's commodities exchanges will also maintain a close eye on movements in the futures market,...

  • SINGAPORE, May 25- U.S. wheat futures rose for a second session on Wednesday with prices underpinned by forecasts of rains in the U.S. Plains winter wheat belt will diminish in the southwest the rest of this week allowing some improvement in harvest conditions, but southeastern areas remain unfavorably wet, Commodity Weather Group said. Chicago Board of Trade...

  • *Prices could be capped above $50 a barrel due to glut- analyst. SINGAPORE, May 25- Oil futures pushed closer to $50 a barrel on Wednesday, with U.S. crude hitting its highest in over seven months after industry data suggested a larger-than-expected drawdown in U.S. crude inventories last week. U.S. crude futures had climbed 62 cents to $49.24 a barrel by 0249 GMT, after...

  • SYDNEY, May 25- U.S. wheat rose for a second session on Wednesday, with concerns over possible unfavorable weather in key producing regions pushing it further from a 12- day low touched the day before. *The most active wheat futures on the Chicago Board of Trade advanced 0.46 percent to $4.66-1/ 4 a bushel, after closing up on Tuesday. It touched its lowest since May 12...

  • SINGAPORE, May 25- Oil futures rose on Wednesday after U.S. industry data suggested a larger-than-expected drawdown in crude inventories last week, although a stronger U.S. dollar curbed gains. U.S. crude futures had climbed 56 cents to $49.18 a barrel as of 0042 GMT after ending the previous session up 54 cents. Brent futures rose 50 cents to $49.11 a barrel, having...

  • WASHINGTON, May 24- The U.S. derivatives regulator on Wednesday said it had adopted a final rule on margins for uncleared swaps that cross national boundaries, as it aims to shield the country from risks created when offshore deals go sour. Members of the Commodity Futures Trading Commission voted 2 to 1 on the rule, which applies to swaps that are traded outside of...

  • *USDA reports second US soybean sale to unknown in 2 days. WINNIPEG, May 24- Chicago soybean futures rose on Tuesday, shaking off earlier losses, on support from higher soymeal prices and fresh export sales. Chicago Board of Trade's July soybean contract climbed 6 cents, or 0.6 percent. to $10.64-1/ 2 a bushel by 10:37 a.m. CDT, having closed 1.5 percent lower on Monday.

  • LONDON, May 24- Gold fell to a four-week low on Tuesday as hawkish comments from Federal Reserve officials in the previous session sent the dollar to a two-month high against a currency basket. Spot gold was down 0.9 percent at $1,236.81 an ounce at 1340 GMT, off an earlier low of $1,235.35. U.S. gold futures for June delivery were down $14.50 an ounce at $1,237.00.

  • PARIS/ SINGAPORE, May 24- Chicago soybean futures lost more ground on Tuesday as rapidly progressing planting in the U.S. Midwest prompted investors to close out some long positions after a recent rally fueled by weather damage to Argentina's harvest. Chicago Board of Trade's most-active soybean contract dropped 1.3 percent to $10.45-1/ 4 a bushel by 1133 GMT,...

  • Investors will listen for fresh clues to the Fed's intentions when Chair Janet Yellen speaks on Friday. *Wall Street ended lower on Monday as a bounce in Apple failed to offset concerns that the Fed could raise interest rates sooner than later. New home sales, as measured by the U.S. Commerce Department, are expected to have increased 2 percent to a seasonally...

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