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Archive for June 2nd, 2009

ICE Canola Drops On Profit Taking, CBOT Decline

Tuesday, June 2nd, 2009

WINNIPEG (Dow Jones)–Canola contracts on the ICE Futures Canada platform were trading lower Tuesday, with the downward motion tied to profit-taking and the price weakness seen in the Chicago Board of Trade soybean complex, market watchers said. Declines in e-CBOT soybean values overnight weighed on canola early with the downturn in global crude oil futures... »

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European Veg Oil PM Palm & Lauric Oil Prices – Jun 2

Tuesday, June 2nd, 2009

HAMBURG (Dow Jones)–Lowest known offers at 1745 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

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Brazil May Ethanol Exports Soar To 309M Liters On Month -Govt

Tuesday, June 2nd, 2009

SAO PAULO (Dow Jones)–Brazil’s ethanol exports for May soared to 309 million liters on the month, the Foreign Trade Ministry said Monday. Ethanol export volume was 250.1 million liters in April, while Brazil exported 391.5 million liters in May 2008. Ethanol exports accounted for $107.9 million in sales in May compared... »

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ICE Canola Moves Lower On Profit-Taking, Outside Losses

Tuesday, June 2nd, 2009

WINNIPEG(Dow Jones)–Canola futures traded on the ICE Futures Canada platform posted small losses as of 10:03 am EDT Tuesday in heavy trade. After pushing sharply higher Monday, canola lost ground overnight on profit-taking and the retreat seen in outside markets. E-CBOT soybeans, stock markets and crude oil futures also posted overnight losses following big rallies yesterday.... »

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Government: Brazil May Soy Exports Up On Month To 4,6M Tons

Tuesday, June 2nd, 2009

SAO PAULO (Dow Jones)–Brazil’s soy exports rose to 4.6 million metric tons in May from the 4.4 million tons exported in April, the Foreign Trade Ministry said Monday. Brazil is the world’s second-largest soy exporter behind the U.S., and soy is one of the biggest revenue drivers for Brazil. Brazil’s soybean exports... »

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Brazil Min: Congress To Get New Oil Law By August – Estado

Tuesday, June 2nd, 2009

RIO DE JANEIRO (Dow Jones)–The Brazilian government will send a new regulatory regime for the country’s oil and natural gas industry to Congress by August, Mines and Energy Minister Edison Lobao said Tuesday, according to a news report. A government panel formed by President Luiz Inacio Lula da Silva will complete its work on the proposed... »

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Warm, Dry Weather Lets Seeding To Progress In Manitoba – Govt

Tuesday, June 2nd, 2009

WINNIPEG (Dow Jones)–Warmer temperatures and mostly dry conditions allowed producers in Manitoba to make significant seeding progress, according to a crop report from the provincial government’s Agriculture and Rural Development Department for the week ended Monday. In the Southwest region of Manitoba, seeding of cereal crops was estimated at 90% done, canola 75% and flaxseed at... »

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US Cash Grain Outlook: US Corn Crop Starting Out Healthy

Tuesday, June 2nd, 2009

CHICAGO (Dow Jones)–The U.S. corn crop is starting out the growing season in good shape and that’s lending some pressure to grain prices Tuesday. The U.S. Department of Agriculture said Monday in a highly anticipated report that nationwide 70% of the U.S. corn crop was in good-to-excellent condition as of Sunday, which was toward... »

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CORRECT:CBOT Soy Outlook: Down 3-5 Cents As Market Takes A Pause

Tuesday, June 2nd, 2009

(“CBOT Soy Outlook: Down 3-5 Cents As Market Takes A Pause,” at 9:13 a.m. EDT, incorrectly referenced a soybean contract month. A corrected version follows.) By Ian Berry Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)– Chicago Board of Trade soybeans are expected to open lower Tuesday amid profit-taking following... »

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Commodities Market Impact Weather: Midwest, Southern Plains Rain

Tuesday, June 2nd, 2009

OMAHA (Dow Jones)–Central Midwest and Southern Plains rain, continued dry in northern crop areas, very cool conditions through the next 10 days, more drought worries for China corn and soybean areas, dryness returning to Argentina wheat areas, and scattered showers over eastern Australia wheat regions are the main weather items for the commodity trade’s attention Tuesday. ... »

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CBOT Corn Outlook: Lower; Profit-Taking After Monday Rally

Tuesday, June 2nd, 2009

CHICAGO (Dow Jones)– Chicago Board of Trade corn futures are expected to open lower Tuesday as traders take profits following Monday’s gains, traders said. Corn is called 2 to 4 cents lower. In overnight trading, July corn was down 4 1/4 cents to $4.41 1/2 per bushel and December corn was down 4 1/2... »

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OIL FUTURES: Crude Falls, Halting Rally Amid Doubts About Econ

Tuesday, June 2nd, 2009

By Brian Baskin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Crude oil futures fell Tuesday, as traders took a breather after propelling prices higher in nine of the last 10 sessions Light, sweet crude for July delivery traded 65 cents, or 1%, lower at $69.93 a barrel on the New... »

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CBOT Soy Outlook: Down 3-5 Cents As Market Takes A Pause

Tuesday, June 2nd, 2009

CHICAGO (Dow Jones)–Chicago Board of Trade soybeans are expected to open lower Tuesday amid profit-taking following Monday’s strong gains, analysts said. Soybeans are called 3 to 5 cents lower. In overnight trade, July soybeans were down 3 3/4 cents to $12.14 3/4 per bushel and December soybeans were down 5 1/2 cents to $10.80 1/2. ... »

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Kenya Extends Duty-Free Corn Import Waiver To Year End

Tuesday, June 2nd, 2009

NAIROBI (Dow Jones)-Kenya has extended duty-free corn imports by private firms to the end of this year in an attempt to ease an acute food shortage. The waiver was scheduled to end this month. In a televised address Monday, President Mwai Kibaki attributed the food shortage in the country to failure of... »

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Brazil Soy Export Premiums And Discounts – Jun 1

Tuesday, June 2nd, 2009

SAO PAULO (Dow Jones)–Premiums and discounts for soybeans at Paranagua port, Brazil, against Chicago Board of Trade quotes. Figures calculated from free on board prices negotiated for actual trade at the Paranagua port against the nearest active CBOT contract. Soybeans (quoted in U.S. cents per bushel) Month sell ... »

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Technical Analysis: US Soy Complex Futures – Jun 2

Tuesday, June 2nd, 2009

By Jim Wyckoff Of DOW JONES NEWSWIRES JULY SOYBEANS July soybeans on Monday closed solidly higher, nearer the session high and hit a fresh eight-month high. The key “outside markets” were bullish for the soybean market Monday, as the U.S. stock indexes were higher, crude oil prices were higher and the value... »

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Argentina Port Trade-Weighted Grain, Oilseed FOB – Jun 1

Tuesday, June 2nd, 2009

SAO PAULO (Dow Jones)–Free-on-board prices in U.S. dollars per metric ton. Source: Agriculture Secretariat. Information supplied by private exporters at major Atlantic Ocean and Parana River ports. Prices listed are an average of those obtained. ... »

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Rotterdam Soybean Prices – Jun 2

Tuesday, June 2nd, 2009
Rotterdam Soybean Prices – Jun 2

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MARKET TALK: CBOT Grains, Soybeans Backpedal Overnight

Tuesday, June 2nd, 2009

0819 EDT – CBOT grain and soybean futures pulled back overnight after climbing Monday. Profit-taking pressured the markets in a “Turnaround Tuesday” scenario as the rallies were “overdone, a CBOT floor analyst says. U.S. corn plantings, reported in the USDA’s weekly crop progress report Monday, were in line with expectations. Soybean plantings are lagging “a touch,”... »

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MARKET TALK: India Soybean Futures Up 0.7% On Global Cues

Tuesday, June 2nd, 2009

1210 GMT India June NCDEX soybean futures provisionally end up 0.7% at INR2,610.50/100 kg tracking surge in CBOT soy futures, which climbed to eight-month high on Monday. “The Rally in CBOT has led to today’s gain and the momentum is likely to continue in the next few sessions,” says Deepa Shakdwipee, analyst with Nirmal Bang Commodities;... »

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