Chicago Board of Trade soybean futures opened modestly higher in the wake of a bullish, but not surprising, U.S. Department of Agriculture supply and demand report issued Wednesday. However, prices then backed off to trade below unchanged as a “buy-the-rumor, sell-the-fact” scenario played out. July soybean futures on Wednesday morning did hit a... »

Lowest known offers at 1645 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

Lowest known offers at 1645 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

NEW YORK (Dow Jones)–Crude futures traded higher after government data showed tightening oil supplies and rising gasoline demand. Light, sweet crude for July delivery traded $1.14, or 1.6%, higher at $71.15 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 93 cents, or 1.3%, higher at... »

U.S. crude-oil inventories dropped more than expected last week, while petroleum product stockpiles posted surprise declines, according to U.S. Department of Energy data released Wednesday. Crude stockpiles declined by 4.4 million to 361.6 million barrels, the department's Energy Information Administration said in its weekly report. This »

1055 EDT – CBOT corn futures are slightly higher lower in early two-sided trade. The market opened higher following overnight gains, with support from a modestly friendly USDA supply and demand report, but a firmer dollar helped turn the market lower, a trader says. Analysts say the USDA report highlighted tight new-crop ending stocks, but that... »

U.S. crude oil refinery inputs averaged nearly 14.8 million barrels per day during the week ending June 5, up less than 0.1 million barrels per day from the previous week's average. Refineries operated at 85.9 percent of their operable capacity last week. Gasoline production rose last week, averaging »

DOW JONES NEWSWIRES LONDON (Dow Jones)–Norwegian Energy Company (NOR.OS), or Noreco, produced 12,725 barrels of oil equivalent a day in May, up 13% on the year, a performance the company said was in line with its 2009 annual guidance of 14,000 boe/d. The company achieved an average price of $61 a barrel in May, reflecting oil... »

Iraqi Oil Minister Hussein al-Shahristani said Wednesday that the federal government in Baghdad supports the start of crude oil exports from Kurdish oil fields via the northern export pipeline to the Turkish port of Ceyhan. »

Canola futures traded on the ICE Futures Canada platform posted narrowly mixed results as of 10:10 am EDT on Wednesday in light trade. Overnight buying in canola reflected ideas that the USDA's latest supply/demand report would confirm tight U.S. soybean supplies, although many »

JOHANNESBURG (I-Net Bridge)–South African deliveries of corn to silos increased to 1.86 million metric tons last week, the South African Grain Information Service said Wednesday. The agency’s weekly harvest report showed that 729,000 tons of corn were delivered, up sharply from 499,000 tons the week before. The crop harvested and delivered... »

Crude futures surged above $71 a barrel Wednesday as an unexpectedly large decline in U.S. oil inventories confirmed that supplies are beginning to tighten. »

US grain growers can expect strong markets to continue for both corn and soybeans, although the USDA Wednesday warned of weaker cash wheat prices. An early-morning grain supply/demand report issued by the agency said new-crop soybean prices are liable to exactly match the farm- »

The cuts to feed and residual for corn by USDA are currently appropriate, given the apparent liquidation of breeding hog sows and dairy cows because of high input costs and low margins for livestock producers, »

CHICAGO (Dow Jones)– Chicago Board of Trade corn futures are expected to open 3 to 5 cents higher Wednesday following overnight gains and a USDA supply and demand report that was considered slightly friendly. The report cut new crop ending stocks as expected, pushing the projection closer to 1 billion bushels, due to weaker... »

Traders said Wednesday's ending stocks and wheat production reports were slightly friendly for Chicago Board of Trade corn and soybean futures but neutral for wheat. The U.S. Department of Agriculture's supply and demand reports for corn, »

CHICAGO (Dow Jones)–Soybean futures on the Chicago Board of Trade is seen starting Wednesday’s day session higher, continuing their recent trend amid the absence of any bearish news from U.S. Department of Agriculture reports. CBOT soybean futures are seen opening 5 cents to 10 cents higher. “The report met trade... »

U.S. farmers will be producing less corn for the 2009-10 marketing year than was predicted just a month ago due to lower yield prospects, the U.S. Department of Agriculture said Wednesday. "Corn production for 2009-10 is projected at 11.9 billion bushels, down 155 »

BP PLC (BP) Wednesday said oil production in non-OPEC nations like Mexico suffered its biggest drop in 16 years in 2008 despite huge sums of money spent in recent years trying to fatten up their pumping capacity. »

The U.S. Department of Agriculture on Wednesday lowered its forecast for U.S. winter wheat production to 1.49 billion bushels, pushing total 2009-10 marketing year wheat supplies down to 2.8 billion bushels, a 10-million-bushel drop from last month's forecast. »