81. Corn and soybean futures prices closed sharply lower on the Chicago Board of Trade Thursday amid liquidation by commodity funds and reports of much-needed rain in Argentina. 82. Frozen concentrate orange juice futures tumbled on the New York Cotton Exchange after an early round of selling by speculative commodity funds. 83. Gold futures rose due to short covering, the buying of futures to balance out previous sales, by speculative commodity funds. 84. Heavy buying by large commodity funds lifted wheat prices to their highest level since last year. 85. In other markets, copper futures tumbled on the Comex division of Nymex, with selling by speculative commodity funds spurred by renewed weakness in the U.S. stock market. 86. In other commodities trading, platinum futures surged at Nymex amid aggressive buying by commission houses and commodity funds, traders said. 87. In other commodity markets, corn futures gained at the Chicago Board of Trade due to short covering by speculative commodity funds. 88. In other markets, cocoa futures made sizable gains and coffee futures gained after heavy short covering by speculative commodity funds. 89. Large commodity funds bought up corn contracts in substantial numbers in a typical end-of-harvest rally. 90. Large commodity funds kept the bull run going as investors shrugged off disappointing weekly export sales figures, focusing instead on an anticipated pickup in export activity. |
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