BLBG:Mississippi River Diversion Reduces Threat to Cities, Crude-Oil Refineries
Yen Weakens Against Euro on Portugal Bailout; Stocks Drop, Copper Declines
The euro rose for a second day versus the yen as European finance officials meeting in Brussels endorsed a bailout for Portugal, boosting confidence the region’s debt crisis will be contained. Stocks fell, dragging the MSCI World Index to a fifth day of losses.
Europe Commodity Day Ahead: Soros Sheds Gold, Paulson Hangs On
The following are the top stories on metals, agriculture and shipping.
Corn Advances for Fourth Day as Wet Weather Delays Spring Planting in U.S.
Corn advanced for a fourth day, and soybeans climbed after a government report showed that U.S. plantings lagged behind the pace of recent years as many fields remained too soggy for heavy farm machinery.
Oil Drops for Second Day on Concern Over Greek Debt Crisis, U.S. Supplies
Oil dropped for a second day in New York on concern Greece’s debt crisis will curb European growth and as analysts predicted U.S. fuel inventories will rise, signaling lower demand.
Mississippi River Diversion Cuts Threat to Cities, Refineries, Croplands
Updated 1 hour, 7 minutes ago
Mississippi River water pouring through 11 gates on Louisiana’s Morganza floodway has greatly reduced the risk of flooding to oil refineries that account for about 14 percent of U.S. capacity.
‘Cajun Riviera’ Residents Paying Price of Living in Harm’s Way
Updated 4 minutes ago
Mark Vonbodungen cast a primitive form against the raging orange glow of a fire pit as he tended its coals two nights ago in Butte La Rose , Louisiana, where thousands of residents are fleeing water that could reach 15- feet high.
Colombia Stocks: Ecopetrol, Fabricato, Mineros, Rubiales
The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time.
Asia Commodity Day Ahead: Cotton Jumps Most in Five Months
The following are the top stories on metals, agriculture and shipping.
Gasoline Drops to Two-Month Low as Spillways Open: Oil Products
Crude oil fell and gasoline slipped to a two-month low after the opening of spillways reduced concern that the Mississippi River will flood refineries. Heating oil also dropped. Ethanol rose.
Oil Volatility Falls Amid Futures Drop as Refinery Concern Ebbs
Oil options volatility declined as the underlying futures fell after the opening of spillways reduced concern that the Mississippi River will flood regional refineries.
