Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (419)	7/2/2001 8:03:29 PM
From: craig crawford	Read Replies (1) of 1643

Monday July 2, 6:28 pm Eastern Time Monday's Commodities Roundup Crude and Products Futures Fall on Expectations of Iraqi Oil Returning to World Market biz.yahoo.com In other commodities: -- Arabica coffee futures fell on the Coffee, Sugar & Cocoa Exchange after a late bout of speculative selling that encountered no buying support. The September contract lost 1.60 cents to 56.90 cents a pound. ``This is more due to a lack of buying than anything else,'' one broker in New York said. -- Soybean futures added to Friday's gains at the Chicago Board of Trade, mostly due to short covering -- the buying of futures to balance previous sales -- by speculative funds. The November contract climbed 8.75 cents to $4.7275 a bushel. ``The markets are still reacting to Friday's Stocks/Seedings report, which indicated much lower-than-anticipated U.S. soybean acres,'' said Dan Basse, executive vice president of consulting firm Agresource & Co. in Chicago.

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