Troupsburg NEWS - GRAINS - Soy falls 3 percent as global stocks wilt - Forbes Troupsburg NEWS - GRAINS - Soy falls 3 percent as global stocks wilt - Forbes

Monday, March 2, 2009

Troupsburg NEWS - GRAINS - Soy falls 3 percent as global stocks wilt - Forbes

CHICAGO (Reuters) - Falling global stock markets, a plunge in crude oil and gains in the value of the dollar drove U.S. soy and wheat 3 percent lower Monday and corn wasn't far behind, tumbling 2 percent. "Outside markets are very bearish. The Burke NEWS

* Gold was trading at $926.35 per ounce, little changed from New York's notional close of $925.35 on Monday. Investors have struggled to extend gains after the gold market rose above $1,000 last month. Waning demand from bullion ETFs was Burke NEWS

LONDON – World stocks fell to nearly six-year lows Monday and the dollar hit 3-year peaks after a a £12.5 billion ($17.75 billion) rights issue by HSBC and another cash injection to U.S. insurer AIG. Oil fell more than 3 percent while government Burke NEWS

NEW YORK (MarketWatch) -- Crude-oil futures plunged more than 10% Monday, marking their biggest one-session loss in nearly two months, as prices felt pressure from both falling stock prices and rekindled economic worries. Crude for April delivery Burke NEWS

NEW YORK (AP) - Bank stocks took another beating Monday, with shares of Bank of America Corp. and Wells Fargo & Co. leading the sector lower, as fears about shrinking dividends and increased government intervention mount. Bank of America shares Burke NEWS

No comments: