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: »
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: »
WINNIPEG (Dow Jones)–Canola contracts on the ICE Futures Canada platform were trading at higher price levels with gains a reflection of weather concerns in western Canada and the rally seen in the CBOT soybean complex, market watchers said. Early support in canola came from the overnight advances seen in e-CBOT soybean values as well as from... »
1205 – CBOT soybean futures are continuing their recovery from Wednesday’s profit-taking setback. Speculative money flow is seen as the catalyst for the gains, with inflationary signals from weakness in the U.S. dollar, and rising crude oil and metals attracting buyers to commodities, analysts say. The outside market influence trumped early worries associated... »
SAO PAULO (Dow Jones)–Brazil’s National Commodities Supply Corp., or Conab, said Thursday it will release its ninth official estimate of the 2008-09 soy crop Monday. Conab said in May that Brazil should harvest 57.6 million metric tons of soybeans from the 2008-09 crop. Conab’s estimate is in line with private estimates... »
(Adds outlook and analyst comment) LONDON (Dow Jones)–The number of supertankers used to store crude oil worldwide dropped last month after a rally in crude oil prices lured barrels onshore, shipping data suggested Thursday. A total of 34 very large crude carriers were in use for storage purposes at the end of May,... »
LONDON (Dow Jones)–Organization of Petroleum Exporting Countries members continue to slip more barrels into the world oil market, though that trend of the past several weeks may be coming to an end, tanker tracker Oil Movements said Thursday. The consultancy said crude shipments from OPEC, excluding Angola and Ecuador, are forecast to... »
1045 EDT – Soggy fields and colder temperatures make soybeans vulnerable to shallow rooting in the Midwest and South, increasing susceptibility to summer drought, according to Gail Martell, a senior agriculture analyst for Storm Exchange. When seeds are planted in soggy fields, developing roots remain concentrated in a shallow layer near the surface. If weather turns... »
1101 – CBOT soybean futures bounce in early day session trade, underpinned by ideas Wednesday’s declines were overdone. Supportive outside market influences, with a weaker U.S. dollar and higher crude oil futures are helping maintain the higher tone, analysts say. Technical buying is aiding the gains, with traders eyeing resistance at the psychological $12.00 per bushel levels... »
1055 EDT – CBOT corn futures are higher in early trading as the market takes back some of Wednesday’s losses. A trader says that crude oil is lending support, as are concerns about the crop. The market has moved back above 200-day moving averages, and traders say the market’s uptrend is still intact despite Wednesday’s sharp... »
LONDON (Dow Jones)–The number of supertankers used to store crude oil worldwide dropped last month after a rally in crude oil prices lured barrels onshore, shipping data suggested Thursday. A total of 34 very large crude carriers were in use for storage purposes at the end of May, down from 53 a month... »
For the week ended May 28 in metric tons. Based on Sep-Aug marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to rounding. Source: USDA. –New Sales– Total 08-09 ... »
WINNIPEG (Dow Jones)–Canola futures traded on the ICE Futures Canada platform posted small gains as of 10:05 a.m. EDT on Thursday in very thin trade. In overnight activity, canola took its cue from e-CBOT soybeans, which bounced higher after correcting lower on Wednesday, market watchers said. However, canola’s gains lagged those in e-CBOT... »
For the week ended May 28 in metric tons. Based on Oct-Sep marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to rounding. Source: USDA. –New Sales– Total 08-09... »
By Jim Wyckoff Of DOW JONES NEWSWIRES JULY SOYBEANS July soybeans on Wednesday closed lower, near the session low and were pressured on more profit taking. No chart damage has occurred in soybeans. The key “outside markets” were bearish for the soybean futures market Wednesday, as the U.S. stock... »
For the week ended May 28 in metric tons. Based on Oct-Sep marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to rounding. Source: USDA. –New Sales– Total 08-09... »
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 ... »
WINNIPEG (Dow Jones)–Canola planting in Saskatchewan and Alberta is virtually complete, according to a crop update issued by the Canola Council of Canada for the week ended Wednesday. In Manitoba, the seeding of canola is variable, ranging from 5% to 100% complete. In Alberta and Saskatchewan, where soil moisture is adequate for germination, cool... »
NEW YORK (Dow Jones)–Crude oil pushed back above $68 a barrel Thursday, buoyed by a report from prominent commodity analysts warning of an energy shortage ahead. Light, sweet crude for July delivery was recently up $1.91, or 2.9%, at $68.03 a barrel on the New York Mercantile Exchange. Brent crude on... »
DOW JONES NEWSWIRES Bulk-grain importers will likely bring in to Kenya about 800,000 tons of white corn for human consumption during the current marketing year (July-June), and may import only slightly less, about 600,000, during the coming marketing years, according to a U.S. Department of Agriculture attache report posted Tuesday on the Foreign Agricultural Services Web... »
