Commodities News
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Crude Oil Rallies, Erases Decline, After Dropping on U.S. Economic Report
Crude oil increased, capping its biggest monthly gain since March, as rallies in commodities led by wheat and aluminum took the S&P GSCI Commodity Index to a 12- week high.
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Soybean Premiums Drop as Futures Jump in Chicago; Corn Basis Is Unchanged
Cash premiums for soybeans shipped to export terminals near New Orleans fell relative to Chicago futures after prices jumped to a six-month high, eroding demand for immediate supplies. Corn premiums were unchanged.
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Cotton Rises to Four-Week High as U.S. Supplies Ebb; Orange Juice Declines
Cotton rose to a one-month high as the lowest stockpiles since 2004 in the U.S., the world’s largest exporter, signal textile makers are buying now rather than waiting for the next crop. Orange-juice futures gained.
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Cattle Futures Rise, Cap Biggest Monthly Gain in Year; Hog Prices Advance
Cattle rose, capping the biggest monthly gain in a year, amid signs that shrinking U.S. herds and lighter animals are limiting beef supplies. Hogs also gained.
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COMMODITIES
| BRENT CRUDE | 78.18 | 0.59 | 0.76% |
| NATURAL GAS | 4.92 | 0.10 | 1.99% |
| Gold | 1183.90 | 12.70 | 1.08% |
| CMCI Composite USD Price Index | 1313.55 | 18.80 | 1.45% |
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