CBOT soybean futures are lower across the board, backpedaling on end of the week profit taking amid bearish influences from outside markets. A quiet news front is enticing traders into taking some profits »
International inspection, verification, testing and certification company SGS said Friday it didn't inspect a wheat shipment under investigation by Egypt's General Prosecution office. Egypt's Ministry of Trade and Industry Wednesday said investigators are investigating whether documents submitted for a shipment of »
Export basis bids for U.S. cash grain fluctuated mildly this week, with CIF premiums generally declining for soybeans and spring wheat, while rising for corn, winter wheat and sorghum. »
U.S. wheat futures are sinking on pressure from outside markets and bearishness about ample supplies, analysts say. The firm U.S. dollar is hanging over the grains and soybeans, while crude oil sags. CBOT corn and »
Canola contracts on ICE Futures Canada were mixed Friday, with values experiencing an upward recovery from earlier lows. Losses initially were sparked by declines in the Chicago Board of Trade soybean complex and the absence of fresh export demand. »
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: »
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: »
The European Union agreed Friday to publish data on commercial stocks every month and to strengthen rules on emergency oil stocks, in an effort to increase both transparency in the commodities market and its readiness for any potential energy crisis. »
Oil futures drop below $72 a barrel, erasing three days of gains, as the dollar rebounded and eurozone industrial production plummeted to a record low, damping hopes of an economic recovery that would boost oil demand. »
1047 EDT – Head scab is present in “many” commercial wheat fields in southern and central Indiana, with incidence and severity varying from field to field. That’s the report from Purdue University’s Cooperative Extension Service. Fields that appear to look healthy from the road still have low-to-moderate levels of head scab, or Fusarium head blight,... »
Like Icarus, oil prices may have soared too high, too fast. Rising crude prices may indeed harbinger expectations for an economic rebound (and the attendant higher demand); but if prices rise too high, that could choke off a potential recovery before it ever sees the light of day. »
Running cars on biofuels from corn and sorghum requires much more water than using fossil fuels - and the mass production of ethanol to follow federal mandates could result in water shortages in some areas, according to a »
CBOT corn futures are lower in early trading as the market scrapes the bottom end of its recent range. The market continues to follow the dollar, which is stronger, weighing on commodities. Traders and »
CBOT soy futures stumbled out of the starting blocks, succumbing to speculative profit-taking amid pressure from a firm U.S. dollar. The strength in the dollar is generating broad based commodity weakness, with »
The corn crop in the province of Ontario has been growing well, but could use some warmer readings in order to enhance development, according to the Ontario Ministry of Agriculture, Food and Rural Affairs department's field crop update for the week ended June 11. »
ICE Canada canola futures were unchanged to lower as of 10:10 am EDT on Friday. Pressuring canola to the downside was the bearish tone in outside markets, traders said. The strong U.S. dollar, lower equities and a drop in crude oil »
SUPERIOR, Neb. (Dow Jones)–With the U.S. Department of Agriculture warning that U.S. soybean supply could dwindle to a 32-year low, some U.S. cash grain buyers are even resorting to psychological tactics in an attempt to convince bullish bean farmers to sell off their remaining old-crop supplies. Specifically, some major U.S. soybean processing firms... »
Domestic soybean basis continued to compress Friday, dropping another 6 3/4 cents a bushel during the past 24 hours alone, leaving cash premiums more than 15 cents lower for the week. The sudden erosion in basis has accompanied an unusual rollover of spot basis »
1343 GMT Nymex July crude is roughly a dollar lower on the day, near $71.60 a barrel. It is backing off from Thursday’s near-test of $73.65 technical resistance. Decisive trading below $70.98 would be the signal for a dip to $70.01. Take profit at $70.50. If trades are stopped above $73.65 look for a move up... »
Crude futures dropped below $72 a barrel early Friday, erasing three days of gains, as the dollar rebounded and eurozone industrial production plummeted to a record low, damping hopes of an economic recovery that would boost oil demand. »
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