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USDA Grain Inspections For Export-Feb 8

Monday, February 8, 2010

Crop marketing years begin June 1 for wheat, rye, oats, barley and flaxseed; September 1 for corn, sorghum, soybeans and sunflower seeds. Includes Waterway Shipments to Canada. »

Strong Chinese Demand Tempts Brazil Soybean Farmers To Sell

Monday, February 8, 2010

Brazil's farmers are tempted to sell their soybeans as the 2009-10 harvest gathers pace. March soybeans on the Chicago Board of Trade ended 1/2 cent, or 0.05%, lower at $9.13 1/2, and May soybeans settled 1/2 cent, or 0.05%, lower at $9.24 1/4 on »

MARKET TALK: CBOT Soy Futures Rally On Short Covering

Monday, February 8, 2010

CBOT soy futures spike higher, climbed to nearly two-week highs. Speculative short covering ahead of USDA supply and demand reports are giving buyers the edge in early market action, analysts say. The absence of pressure from outside markets »

MARKET TALK: ICE March Sugar Higher As Commodities Rebound

Monday, February 8, 2010

World raw sugar futures continue to trade higher as commodity markets bounce off Friday's lows. Sugar receives support from firm crude oil futures and a weak U.S. dollar index, with the market's bullish fundamentals also in play. »

MARKET TALK: US Wheat Jumps Higher In Rebound

Monday, February 8, 2010

U.S. wheat futures are climbing on short-covering and spillover support from other markets, traders say. Non-commercial speculative funds a heavily short in CBOT wheat. Weakness in the U.S. dollar and gains in crude oil and precious metals are »

MARKET TALK: CBOT Corn Climbs In Short-Covering Bounce

Monday, February 8, 2010

CBOT corn futures are surging in early trade amid short-covering following recent losses. Traders say the grains and oilseeds markets are due for a bounce. Higher crude oil is supportive they add. Fundamentally the market lacks support »

MARKET TALK: ICE Cocoa Down Slightly, May Be Finding Support

Monday, February 8, 2010

ICE cocoa is slightly softer amid continued speculative activity, but may well uptick yet with the rest of the softs higher and the dollar lower, says Chris Kraft, president of CK Futures. "I wouldn't be surprised if it's positive by the end of the day," he says. »

ICE Canola Strengthens Following Outside Markets

Monday, February 8, 2010

ICE Canada canola futures were higher Monday morning, finding some spillover support from the gains seen in the outside commodity markets. Malaysian palm oil and European rapeseed futures were both stronger in overnight trade. Calls for a higher start to the »

WWS: India Coarse Grain & Oilseed Weather Outlook – Feb 8

Monday, February 8, 2010

LSN - INDIA: Showers and brief periods of light rain will develop today and increase Tuesday as a cool front moves through the region. Most areas from Rajasthan to Uttar Pradesh will be vulnerable to showers, although some areas will be missed and most of the precipitation will... »

WWS: China Coarse Grain & Oilseed Weather Outlook – Feb 8

Monday, February 8, 2010

LSN - CHINA: Above average temperatures south of the Yellow River and wet conditions that have been occurring for more than a week south of the Yangtze River continued over the weekend. Above freezing high temperatures were observed at one time or another nearly »

WWS: Brazil Coarse Grain & Oilseed Weather Outlook – Feb 8

Monday, February 8, 2010

LSN - BRAZIL: Scattered showers and thunderstorms occurred in more than 80% of the nation at one time or another during the Friday through Sunday period. However, most of the rain was light and net drying resulted in many areas. Coverage of amounts greater than 0.50 inch was... »

WWS: Argentina Coarse Grain & Oilseed Weather Outlook – LSN

Monday, February 8, 2010

LSN- ARGENTINA: Argentina’s fine soybean weather will continue throughout the coming ten days to two weeks with alternating periods of rain and sunshine assuring good summer grain, oilseed and cotton development potential. »

US Cash Grain Outlook:Basis Strengthening, Snow Still Falling

Monday, February 8, 2010

Cash basis continued to strengthen for nearly all classes of U.S. grain Monday, registering broad interior gains, which averaged as much as 1 cent per bushel. "Bean basis remains the most firm of the grain group, despite slacking export sales," said Farm Futures basis analyst Bryce... »

USDA Report: Recap For February Supply/Demand Report

Monday, February 8, 2010

The following table is provided as a service to Dow Jones Newswires subscribers in conjunction with the U.S. Department of Agriculture's February supply and demand report. The report is scheduled for release at 8:30 a.m. EST (1330 GMT) Tuesday. However, the federal government is closed »

Commodities Market Impact Weather: Continued Midwest Rain, Snow

Monday, February 8, 2010

Continued Midwest rain and snow, a wintry precipitation mix in the Southern Plains, hotter and drier in Brazil, mild conditions in Argentina, and warmer temperatures in South Africa are the main weather items for the commodity trade's attention Monday. »

PRECIOUS METALS: NY Gold Rises On Bargain Hunting After Rout

Monday, February 8, 2010

Gold futures are moving higher Monday morning as some participants believe last week's sharp selloff has created bargain buying opportunities. In recent trading, benchmark April gold was up $14.10, or 1.3%, at $1,066.90 an ounce on the Comex division of the New York Mercantile Exchange. The contract »

CBOT Corn Outlook: Up Amid Short-Covering, Commodity Gains

Monday, February 8, 2010

Chicago Board of Trade corn futures are expected to open higher Monday amid a widespread bounce in commodities following recent losses, analysts said. Corn is called 3 cents to 5 cents higher. In overnight trade, March corn was up 4 »

CBOT Soy Outlook:Up 10-13c, Buoyed By Pre-Report Short Covering

Monday, February 8, 2010

Chicago Board of Trade soybean futures are seen starting Monday's day session with double digit gains, buoyed by speculative short-covering ahead of Tuesday's supply and demand reports. CBOT soybeans are seen opening Monday's day session 10 cents to 13 cents »

OIL FUTURES: Nymex Crude Inches Higher, Strong Dollar Weighs

Monday, February 8, 2010

Crude futures rose slightly Monday, as the flight out of commodities and equities that knocked oil prices down 7.5% in the last two trading days looks to have subsided. Light, sweet crude for March delivery recently traded 22 cents, or 0.3%, higher at »

MARKET TALK: Gold To Track Dollar, Equities – Standard

Monday, February 8, 2010

Gold will likely take direction from currency and equity markets Monday, as there is little economic data out, says Standard Bank. Says technical signals are to be key in determining short-term direction; tips support at $1,060/oz and resistance at $1,074/oz. Spot gold slipping lower »

MARKET TALK: Gold To Track Dollar, Equities – Standard

Monday, February 8, 2010

Gold will likely take direction from currency and equity markets Monday, as there is little economic data out, says Standard Bank. Says technical signals are to be key in determining short-term direction; tips support at $1,060/oz and resistance at $1,074/oz. Spot gold slipping lower »

BEFORE THE BELL: US Stock Futures Mixed After G7 Meeting

Monday, February 8, 2010

U.S. stock futures were mixed Monday amid relative calm over European finances and the lack of any sparks at a weekend meeting of top finance ministers. S&P 500 futures rose 2.6 points to 1062.40 and Nasdaq 100 futures fell 0.5 point »

MARKET TALK: Speculative Funds Add CBOT Wheat Shorts -CFTC

Monday, February 8, 2010

Non-commercial speculative funds increased their net short position in CBOT wheat futures and options to 66,355 contracts as of Feb. 2 from 60,883 contracts as of Jan. 26. That's according to CFTC supplemental reports. Index funds cut their net long »

MARKET TALK: Managed Money Adds CBOT Corn Short Positions

Monday, February 8, 2010

Managed money accounts added short CBOT corn positions in the week ended Feb. 2, the Commodity Futures Trading Commission said Friday. The disaggregated commitments of traders report showed that the managed money category cut 5,097 contracts from their long positions, leaving a total of »

MARKET TALK: Money Managers Increase Longs In ICE Sugar-CFTC

Monday, February 8, 2010

Managed money accounts added 4,131 longs to ICE world raw sugar futures and options in the week ended Feb 2, boosting their net long position to 191,878 contracts from 186,044 the previous week, the CFTC's »

MARKET TALK: CBOT Grains, Soy Climb In Overnight Trade

Monday, February 8, 2010

CBOT grain and soybean futures were higher overnight as the markets try to rebound from recent losses. Analysts note that crude oil and gold were also higher overnight, although a firm dollar limited gains. »

European Veg Oil Prices AM – Feb 8

Monday, February 8, 2010

CRUDE PALM OIL Sumatra/Malaysia »

India Extends Tax-Free White Sugar Import Deadline To Dec 31

Monday, February 8, 2010

India issued a formal government order Monday extending the deadline for tax-free white sugar imports to Dec. 31, 2010, from March 31 in order to meet a shortfall, according to a finance ministry statement. »

MARKET TALK: ICE Mar Sugar Up On Weak Dollar, Firm Indexes

Monday, February 8, 2010

World raw sugar futures are higher Monday morning, supported by a weak US dollar index and gains in the commodity indexes. Prices are attempting to rebound technically after posting sharp 4% losses Friday that came amid steep declines in commodities as a whole. »

UPDATE: FO Licht Ups World 09-10 Wheat Output To 675.5M Tons

Monday, February 8, 2010

World 2009-10 wheat production is forecast at 675.5 million metric tons, up slightly from the January estimate of 674 million tons, due to growth in Black Sea output, Germany-based analytical firm F.O. Licht said Monday. »

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