Archive for October 28th, 2009
Orange-Juice Goes Up, Sugar Falls
Orange-juice futures may go up in next several months because of the crop disease in Florida, the second-largest producer in the world. Cold weather in the state and increasing global demand also cause the price to rise. January delivery for orange juice went up 1.7 percent to $1.174 yesterday on ICE Futures U.S. in New York.
Sugar futures slid to the two-week low on speculation that the highest prices in 28 years are curbing demand for the sweetener. The inability of prices to rise above $0.245 signals that major consuming countries including India, the largest user in the world, are cutting purchases. March futures for raw-sugar delivery slid $0.0072 (3.2 percent) to $0.2193 per pound on ICE.
Commodity Prices — October 28th 2009
Latest commodity prices (ICE, NYMEX, CME) as of 20:12 GMT:
Oil (Brent) — $75.77
Gold — $1,028.03
Silver — $16.16
Palladium — $314.50
Platinum — $1,308.00
Copper — $6,457.00
Aluminum — $1,924.00
Nickel — $17,875.00
Zinc — $2,190.00
Cocoa — $3,325.00
Sugar — $21.90
Corn — $369.25
Soybean — $37.32
