Advertisement
YOU ARE HERE: LAT HomeCollectionsCommodities
IN THE NEWS

Commodities

BUSINESS
December 1, 1987 | From Associated Press
The stock market's steep drop helped push livestock, meat and cotton futures down their daily limits Monday, but most other commodities reacted to fundamental market factors more than to outside influences. Stock index futures retreated, soybean and corn futures closed lower and wheat futures advanced. Also, gold gained while the other precious metals declined and energy futures retreated.
Advertisement
BUSINESS
July 29, 1987 | From Associated Press
Platinum led a rally in precious metal futures prices Tuesday as a weakening dollar, renewed inflationary worries and heightened tension in the Persian Gulf sent uneasy traders scurrying for "secure" investments. "Platinum is the most thinly traded of the precious metals, and any shift in the speculative climate is most sensitively reflected there first," said Howard Levine, first vice president with Shearson Lehman Bros. in New York.
BUSINESS
October 2, 1987 | From Associated Press
Pork futures climbed the limit allowed for daily trading Thursday while cattle futures fluctuated wildly. Grain and soybean futures were sharply higher. Brisk buying in the live hog and frozen pork belly pits of the Chicago Mercantile Exchange was linked to Wednesday's government report showing a 9% expansion in the nation's hog herd, said Philip Stanley, an analyst in Chicago with Thomson McKinnon Securities Inc. Live hogs bounced back to settle up the 1.
BUSINESS
November 13, 1985 | From Associated Press
Treasury bond futures soared to five-year highs Tuesday on the Chicago Board of Trade amid growing conviction that Congress will be able to pare the federal budget deficit. Treasury bond futures for delivery in December finished with a gain of more than 1 percentage point, closing at the highest level for a Treasury bond contract since December, 1980.
BUSINESS
January 21, 1986 | From Associated Press
Petroleum futures prices plunged in a "selling panic" Monday largely because of an over-abundance of supply. Crude oil slumped the $1-a-barrel limit for daily trading on the New York Mercantile Exchange. The contract for delivery in February, for which there is no limit, settled $2.26 lower. "The market dropped as much in one day as it did all last week, and last week was one of the worst I remember," said Peter Beutel, an analyst in New York with Rudolf Wolff Energy.
BUSINESS
May 11, 1985 | From Associated Press
Cocoa futures prices soared Friday on the Coffee, Sugar and Cocoa Exchange for the second straight day, primarily in response to steps taken by the exchange to force traders out of their contract positions. In the past two sessions, the price has advanced $179 a metric ton, more than 7% of its value.
BUSINESS
July 31, 1986 | From Associated Press
Prospects for a worsening drought in the Mississippi Delta propelled soybean futures ahead strongly Wednesday on the Chicago Board of Trade. In other markets, livestock and meat futures settled sharply lower, coffee plunged the limit 4 cents a pound, cotton advanced strongly and oil moved higher. "Beans started strong and they were supported all day," said Victor Lespinasse, a trader with Dean Witter Reynolds Inc.
Los Angeles Times Articles
|