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After trading about $1 a barrel higher earlier in the day, despite a UK holiday that continues to sap liquidity, oil prices jumped by another $1 just as the U.S. market began to pick up. Brent crude rose 1.94 cents or 1.8 percent to $110.74 a barrel by 9:30 a.m. EST, its biggest one-day increase since mid-November.
*Las Vegas posted biggest seasonally adjusted rise. *Chicago recorded largest monthly home price fall. Las Vegas posted the biggest monthly rise on a seasonally adjusted basis at 2.4 percent, followed by a 1.7 percent increase in San Diego, the latest Case-Shiller data showed.
*Liffe markets closed for Boxing Day holiday. NEW YORK/ LONDON, Dec 26- U.S. cocoa futures fell for the seventh straight day on Wednesday, dropping to a five-month low, as some investors liquidated their long positions in thin holiday dealings as the end of the year approached. The Liffe softs markets remained closed for Boxing Day.
BUENOS AIRES, Dec 26- Christmas rainstorms in Argentina further delayed soy and corn planting, keeping markets guessing about whether the grains powerhouse can produce enough this season to help bring high-flying global food prices down to earth.
At the Chicago Board of Trade as of 11:07 a.m. CST, March wheat was down 16-1/ 4 cents, or 2.1 percent, at $7.77- 1/ 2 per bushel after dipping to $7.76- 1/ 4, its lowest level since June 29. CBOT March corn fell 9-1/ 4 cents to $6.95 a bushel and most-active March soybeans were down 19 cents at $14.16- 3/ 4 a bushel.
TOKYO, Dec 25- Japan's Nikkei share average rose on Tuesday as exporters gained on a weaker yen, with volume expected to stay low due to a lack of participants during the Christmas holiday. Exporters led the gains, with Toyota Motor Corp adding 2.1 percent, Nissan Motor Co rising 1.8 percent and Canon Inc rising 2.1 percent.
TOKYO, Dec 25- Japan's Nikkei share average is set to rise on Tuesday despite a fall in Wall Street as exporters are likely to gain on the weak yen, while volume may stay low due to a lack of participants during the Christmas holiday.
*Coast Guard prepares for potential waterfront labor unrest. SEATTLE, Dec 24- Dockworkers at four ports in the U.S. The International Longshore and Warehouse Union has said the shippers have hired a Delaware- based company that specializes in providing security and replacement workers in labor disputes.
*Shoppers cautious on last day of holiday season. CHICAGO/ WHITE PLAINS, N.Y., Dec 24- Retailers limped into Christmas with last-minute blowout deals on everything from TVs to celebrity-branded clothing, after a disappointing few weeks of sales led many analysts to lower their expectations for the holiday season.
*Losses limited by Middle East concerns, Philly refinery work. NEW YORK, Dec 24- Oil prices largely recovered early losses but still closed a hair lower on Monday as a late gasp of holiday-thinned buying failed to counter fears that the U.S. "
NEW YORK/ LONDON, Dec 24- Cocoa futures in New York sank for a sixth straight session to fresh five-month lows on Monday as speculative investors and producers continued to bet on lower prices due to plentiful supplies and sluggish demand. But there are no fundamentals to drive higher, "said Jack Scoville of the Price Futures Group in Chicago.
Chicago soybeans were underpinned by bargain hunting after prices slid to a one-month low last week, and by technical buying. Outside markets kept a lid on gains, said Rich Nelson, chief strategist with Allendale Inc. Stock markets traded slightly lower due to worries about the U.S. fiscal cliff budget crisis, while the U.S. dollar picked up strength.
NEW YORK, Dec 24- Most U.S. government debt prices were little changed on Monday in light volume though the bonds continued to benefit from a safety bid on fears that U.S. lawmakers will fail to avert a package of automatic tax hikes and spending cuts that are set to take effect next year.
*Losses limited by Middle East concerns. NEW YORK, Dec 24- Oil fell for a third day on Monday, threatening to erase this year's meager gains as a stalemate over the U.S. " By 1517 GMT, Brent crude had fallen 64 cents to $108.33 a barrel, taking its gains since the start of the year to less than $1.
WINNIPEG, Manitoba, Dec 24- U.S. grains edged higher on Monday in thin trading ahead of the Christmas holiday, modestly recovering from the previous week's sharp losses. Chicago corn futures gained on expectations of a rebound in demand for U.S. supplies, after dropping last week to their lowest level since early July.
NEW YORK, Dec 24- U.S. government debt prices slipped on Monday as most traders moved to the sidelines before Christmas and given the absence of a U.S. budget deal that averts a package of automatic tax hikes and spending cuts going into effect next year. The U.S. bond market will close early at 2 p.m., an hour after Wall Street.
PARIS/ SINGAPORE, Dec 24- Chicago soybeans rose on Monday, underpinned by bargain hunting after prices slid to a one-month low last week, while wheat got a boost from concerns that dry weather was hurting the U.S. winter crop.
NEW YORK, Dec 24- Most U.S. government debt prices were little changed on Monday as traders moved to the sidelines before Christmas and given the absence of a U.S. budget deal to avert a package of automatic tax hikes and spending cuts that are set to take effect next year.
CHICAGO/ WHITE PLAINS, N.Y., Dec 24- Retailers limped into Christmas with last-minute blowout deals on everything from TVs to celebrity-branded clothing, after a disappointing few weeks of sales led many analysts to lower their expectations for the holiday season.
NEW YORK, Dec 21- Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all.