Coffee Extends Losses
Coffee is off 4.5% in Thursday trading, extending a five-day losing streak that has seen the commodity decline 20% from its peak on Dec. 2. Rains in Brazil have improved the outlook for the coffee harvest in the world’s largest producing country.
Natural gas, from the Implosion-5 List, is testing contract lows and gold, another member of the list, is falling for a second day.
The soybean complex is leading the descent in grains. Soybeans have been poised for a big move after registering for several days on the Multiple Days Low Volatility List.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•March T-bonds [USH0>USH0]: +6/32 to 93 29/32
•March S&Ps [SPH0>SPH0]: +1.90 to 1426.00
•March Dow futures [DJH0>DJH0]: +117 to 11310.0
•March NASDAQ 100 futures [NDH0>NDH0]: +24.50 to 3234.00
Currencies
•March dollar index futures [DXH0>DXH0]: +.62 to 101.28
•March Swiss francs [SFH0>SFH0]: -.0057 to .6432
•March British pounds [BPH0>BPH0]: -.0048 to 1.6240
Energies•January crude [CLF0>CLF0]: -.05 to 26.49
•January unleaded gas [HUF0>HUF0]: -.0016 to .7305
•January natural gas [NGF0>NGF0]: -.033 to 2.255
Metals•February gold [GCG0>GCG0]: -2.8 to 281.3
•March silver [SIH0>SIH0]: -1.5 to 515.0
Grains•January soybeans [SF0>SF0]: -8 1/2 to 463 1/2
•January soybean oil [BOF0>BOF0]: -.30 to 16.05
•January soybean meal [SMF0>SMF0]: -2.5 to 145.1
Meats•February pork bellies [PBG0>PBG0]: +.475 to 80.250
Softs and Fibers•March cocoa [CCH0>CCZ9H0]: +28 to 895
•March coffee [KCH0>KCH0]: -5.85 to 123.25