Friday, April 11, 2008

Commodity News Weekend Roundup

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COMMODITIES-Grains drop but oil ekes out gain on late bounce

Grains dropped Friday on profit taking ahead of the weekend, pulling corn further below the record hit this week, and gold also slid as cautious investors lightened their load on new signs of problems in the U.S. economy.

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Latest On Commodities: Tax Break

It’s the final weekend before Uncle Sam comes to collect his dues. AND, I have just one thing to say to everyone who finds him/herself knee-deep in old receipts, cross-eyed from punching calculator keys – Think Happy Thoughts.

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Commodities Wrap: Chicken Cuts

Chicken Producer Cuts Production Due to High Grain Costs, Prices Likely to Remain High

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Shorts, Commodities Lift These ETFs to Top

The top 10 ETFs for the quarter were dominated by funds that employed short strategies and funds invested in natural gas and copper.

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Canadian Currency's Link to Commodities Is Weakening, RBC Says

The Canadian dollar's link to commodities has been weakening as investors shift their focus to the global economic outlook amid the credit turmoil rooted in U.S. subprime mortgages, according to RBC Capital Markets.

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Forget gold, silver, bronze: the winner is aluminium

RIO TINTO's chief economist, Vivek Tulpule, says commodity prices could exceed the record prices they are fetching amid the rapid change of China and India.

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