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Palm oil at 6-week high on Brazil drought

The price of palm oil is at a six-week high, on speculation of an increase in overseas  demand due to fears of a soybeans supply shortage. Investors indeed fear that the low soybean production due to the Brazil drought, the

Toward a bull run for lead and zinc?

From aluminum to copper, prices of almost all metals have been in decline since the beginning of the year, plagued by stocks and surpluses. But two of them have moved in the opposite direction: lead and zinc prices are on the rise,

Surplus for lead and zinc
Copper Heads for Record Weekly Gain, Industrial Metals Jump on Europe Pact

On the London Metal Exchange, copper for delivery in three months rose 6.1 percent to close at $8,145 a metric ton ($3.69 a pound) at 6:32 p.m. This week, the commodity has jumped 14 percent, poised for the biggest increase

Lumber Futures Reverse Slide –

U.S. lumber futures were up by the daily limit of $10 a 1,000 board feet Wednesday as reports of a large sale of wood to China filtered through the market, reversing a dramatic slide that saw the lead May contract

Commodities Slump a Second Day on Japan Nuclear Crisis, Economy –

Commodities slid the most in four weeks, led by declines in oil, wheat and industrial metals, after Japan raised the severity rating of its nuclear crisis and earthquakes struck the nation. The Standard & Poor’s GSCI spot index of 24

US flat-rolled steel prices edge $5/st higher on decent demand – Platts

More spot deals came to light Wednesday in the US flat-rolled market, pushing up by $5/st both of the Platts assessments for hot- and cold-rolled coil supplied by domestic mills. The range of deals assessed by Platts for US-made HRC

EU flat steel prices remain weak – MEPS

Negative pressure persists in the European flat products market. Having recently brought more capacity back on line, domestic mills are now suffering from a lack of orders, since end-user demand remains weak in many sectors. Under these circumstances, distributors refuse

Weak Economic Sentiment Sparks Selloff Across Commodities

Fresh worries about the U.S. economy rattled commodities markets, sending prices of several benchmark materials to their lowest levels in months. Growth-sensitive commodities such as crude oil and copper frequently follow the lead of stock markets as a proxy for

Global Wheat Shortage Feared –

Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. via Global Wheat Shortage Feared –