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Archive for June 16th, 2009

ICE Canola Climb On Oversold Ideas, CBOT Soy Gains

Tuesday, June 16th, 2009

WINNIPEG (Dow Jones)–Canola contracts on the ICE Futures Canada platform were trading at mostly higher levels with strength associated with sentiment that the losses seen on Monday were overdone and that an upward correction was needed, market watchers said. Strength in CBOT soybean futures helped to contribute to the upward price movement. Routine exporter... »

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European Veg Oil PM Soft Oil Prices- Jun 16

Tuesday, June 16th, 2009

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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European Veg Oil PM Palm & Lauric Oil Prices- Jun 16

Tuesday, June 16th, 2009

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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News Highlights: Top Energy Stories Of The Day

Tuesday, June 16th, 2009

Oil futures rebound, shooting back above $72 a barrel, as Europe's improved economic prospects causes the dollar to weaken, as a falling dollar makes commodities more attractive for investors searching a hedge against inflation. IRAQ SAYS OIL BIDDING TO BE HELD AS SCHEDULED »

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MARKET TALK: CBOT Corn Edges Higher, Dlr, Overdone Losses

Tuesday, June 16th, 2009

CBOT corn futures are posting modest gains, finding stability after recent declines on weakness in the dollar and trade ideas recent declines were a bit overdone, analysts say. The market was a little oversold after falling to one-month lows Monday, and with outside markets generating »

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Brazil Ethanol Co To Start Crush; Reworks Recovery Plan

Tuesday, June 16th, 2009

Brazilian sugar and ethanol company Grupo Naoum plans to start sugarcane crushing activities n June 22 despite an ongoing impasse over judicial recovery proceedings, an analyst at the company said Tuesday. Grupo Naoum will start crushing its 2009-10 cane at its Santa Helena mill in Goias state. The group also hopes to begin its harvest... »

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Canada, US Work To Resolve Canola-Meal Blockage – Assoc

Tuesday, June 16th, 2009

Canada and U.S. government officials and industry representatives are working to resolve issues that have blocked the movement of some Canadian canola-meal shipments to the U.S., said an official with the Canadian Oilseed Processors Association. COPA President Robert Broeska said some shipments of Canadian canola meal have been stopped at the U.S. border by the U.S.... »

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ICE Canola Firm On Overnight Rebound

Tuesday, June 16th, 2009

Grain and oilseed futures at the ICE Canada Futures Market were steady to higher at 9:42 a.m. EDT as the canola market rebounded from the steep losses Monday in step with the firm tone in overnight vegetable oil markets, brokers said. Canola saw a light, mainly commercial, trade as an estimated 785 contracts had »

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Brazil Soy Export Premiums And Discounts – Jun 15

Tuesday, June 16th, 2009

-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. »

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CBOT Corn Outlook: Seen Up 2-5c On Soft Dollar, Rebound

Tuesday, June 16th, 2009

By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Chicago Board of Trade corn futures are poised to start 2 to 5 cents per bushel higher Tuesday in a rebound from losses Monday and with support from a weak U.S. dollar. In overnight electronic trading, CBOT July... »

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US Cash Grain Outlook: Firm Basis, Futures Rebound Overnight

Tuesday, June 16th, 2009

Basis levels for all classes of grain had strengthened throughout the U.S. interior Tuesday, owing to a rapid retreat in futures prices, which damped country movement and improved demand. Elevator bids for corn/soybeans/wheat ended Monday at 1-5 week lows. »

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CBOT Soy Outlook: Seen Higher On Supportive Outside Mkts

Tuesday, June 16th, 2009

Soybean futures at the Chicago Board of Trade are set to start Tuesday's day session higher, rebounding from a two-day slide on supportive outside market influences. CBOT soybean futures are seen opening 10 cents to 15 cents higher. The key outside markets are expected to provide support to prices, with weakness in the... »

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Oil Back Up To $72/Bbl As Dollar Loses Ground

Tuesday, June 16th, 2009

LONDON -- Crude oil futures climbed more than a dollar to back above $72 a barrel after two days of falls Tuesday, tracking a fresh bout of weakening in the dollar and as German data boosted optimism over economic recovery. Crude prices continued to take much of their cue from the greenback Tuesday. The dollar... »

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MARKET TALK: India Wheat Futures Extend Losses, Down 1.2%

Tuesday, June 16th, 2009

India June NCDEX wheat futures provisionally end down 1.2% at INR1,060.20/100 kg, extending losses to fourth straight session. "The low demand in the local market amid increasing supplies continues to pressure the market. Despite persistent talks, the federal government is yet »

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Iran Election Reaction May Trickle Into Oil Over Long Term

Tuesday, June 16th, 2009

Oil prices fell steeply in spite of the post-election turmoil in Iran, the world's fourth-largest crude producer, as the market impact of Mahmoud Ahmadinejad's consolidation of power could take years to play out. Thousands of protesters massed in Tehran's streets Monday in response to last »

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Brazilian Soybean Crop 72% Sold As Of June 12 – Celeres

Tuesday, June 16th, 2009

SAO PAULO (Dow Jones)–Brazil’s soy farmers have sold 72% of their soybean crop as of June 12, according to agricultural consultancy Celeres on Tuesday. Celeres said sales figures as of June 12 were up from 69% on June 5 and slightly below the five-year average of 71%. Sales in the... »

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MARKET TALK: CBOT Grain, Soybean Futures Bounce Overnight

Tuesday, June 16th, 2009

CBOT grain and soybean futures climbed overnight, bouncing back from recent setbacks. A weaker U.S. dollar, higher crude and equity markets as well as concerns recent declines were overdone served as the spark to rekindle buying interest, analysts said. December corn was »

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Technical Analysis: US Soy Complex Futures

Tuesday, June 16th, 2009

July soybeans on Monday closed sharply lower and near the session low on profit-taking pressure. No serious chart damage occurred, but solid follow-through selling pressure on Tuesday would inflict some chart damage. The key "outside markets" were fully bearish for the soybean futures »

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Technical Analysis: US Corn, Wheat Futures

Tuesday, June 16th, 2009

July corn on Monday closed sharply lower, near the session low and hit a fresh five-week low. Monday's losses followed sharp losses Friday that did produce a bearish weekly low close. The key "outside markets" were fully bearish for the corn futures market Monday, as the U.S. stock indexes were sharply »

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European Veg Oil AM Palm & Lauric Oil Prices- Jun 16

Tuesday, June 16th, 2009

Lowest known offers at 1330 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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