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Sugar Climbs, Copper Snaps Record Drop in 18 Years

February 4, 2014 at 23:49 by Vladimir Vyun

Sugar climbed today, extending its longest rally in four months. Hot, dry weather in Brazil over the next week or two may threaten crops. Meanwhile, India postponed plans to increase exports. Futures for sugar delivery in March surged as much as $0.0032 (2.03 percent) to $0.1606 per pound as of 23:26 GMT on ICE today.

Copper prices rose today, snapping the longest drop in 18 years. The metal was falling on worse-than-expected manufacturing data from China and the United States. Copper advanced as the dollar fell after concerns about the poor reports eased. The Standard & Poor’s GSCI Spot Index of commodities headed for the strongest rally in a week. Futures for delivery copper rose 0.3 percent $3.192 per pound on COMEX.

If you have any questions and comments on the commodities today, use the form below to reply.

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