Commodities News
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Hedge funds reduced wagers on a rally in commodities to the lowest this year on mounting speculation that Greece will leave the euro, slowing global growth and curbing demand for everything from copper to soybeans.
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Oil rose for the first time in seven days in New York as China pledged to boost the nation’s economy and Goldman Sachs Group Inc. said the balance between the supply and demand of crude is tightening.
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CME Group Inc., the world’s largest futures exchange, extended grain-trading hours today in response to the threat of competitors seeking a share of the electronic transactions that now dominate the market.
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Iron ore and coking coal buyers in China are seeking to defer importing cargoes as domestic steel mills reduced output amid lower prices, according to Mirae Asset Securities Co.

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