Canola contracts on the ICE Futures Canada platform were trading in a mixed range with the nearby July and November future up and January posting a small decline. The absence of fresh inputs was helping to sideline participants, market watchers said. Some minor support in the nearby contracts was linked to the minor advances in the... »
Crude oil futures edged back below $71 a barrel Thursday as market participants mulled economic recovery doubts and Wednesday's mixed set of U.S. inventory data. Lackluster financial markets robbed crude of direction, with European equity markets steady and the dollar broadly unchanged. Limited support came after the World Bank raised its forecast for China's 2009 economic... »
Lowest known offers at 1645 GMT, in USD/t unless otherwise noted Soyoil, Dutch origin Rapeseed oil, Dutch origin 0.75% FFA, FOB mill max 2% FFA, FOB... »
Lowest known offers at 1645 GMT, in USD/t unless otherwise noted Palm oil, Mal/Sumatran origin Palm oil, Mal/Sumatran origin crude (max 5% FFA), refined, FOB Malaysia CIF Rotterdam Jul-Sep 09 690.00 – 27.50 ... »
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 change... »
Although margins are not yet "robust," ethanol producers are turning modest profits due to higher prices, according to J.P. Morgan analyst Ann Duignan. The impact of higher ethanol prices has more than offset the climb in corn, she says in a research note, and producer variable margins have improved to 9.4%, up from 5.0% in April. Demand was... »
South African white corn prices ended higher Thursday after the rand weakened slightly. The in-delivery June corn contract rose 18 rand to ZAR1,503 a metric ton, July corn rose ZAR16 to ZAR1,504/ton and September corn rose ZAR15 to ZAR1,542/ton. »
CBOT soybean futures are mixed in early trade, with nearby futures supported by tight supplies, while deferred months are on the defensive form outlooks for improved crop weather next week. Solid weekly export sales provided a boost to old-crop contracts, with consolidation still a feature »
Russia exported 20.2 million metric tons of grain between July 1, 2008, the beginning of the current marketing year, to June 18, 2009, the Agriculture Ministry said Thursday. In the whole of the 2007-2008 marketing year, Russia exported about 13 million tons of grain. Grain exports in June to date totaled 383,000 tons.... »
Chicago Board of Trade December corn futures recently suffered serious near-term technical damage on the daily bar chart. A six-week-old uptrend line on the daily chart was this week penetrated on the downside and negated as prices on Wednesday hit a fresh five-week low. The month of June has seen... »
Crude palm oil prices have fallen almost 18% in the last five weeks, primarily due to subdued demand in India and China, traders and analysts have said. They said the fall in palm oil prices also shows a weakening correlation with crude oil. The benchmark third month CPO contract on Malaysia's derivatives exchange ended... »
Chicago Board of Trade corn futures are expected to open slightly lower Thursday following modest overnight losses, while strong weekly export sales support. Corn is called 1 to 2 cents lower. In overnight trading, July corn was down 2 3/4 cents to $4.05 per bushel, September corn was down 2 3/4 cents to $4.13 1/2 and... »
Volatility affecting the futures market has begun to invade the cash basis market as well, with daily spot soybean premiums at terminals tracked by Dow Jones Newswires trending from 10 cents higher to 20 cents a bushel lower Thursday. Cash corn basis also wavered from 4 cents higher to 4 cents lower. Benson Quinn Commodities noted... »
U.S. soybeans from the southern Midwest and the Delta historically are the first of the new crop to enter the cash market pipeline, but wet weather this year may delay their harvest and complicate the supply situation. The possible lag is even more significant this year as soybean supplies from last year's crop are extremely tight,... »
ICE Canada canola futures traded to both sides of unchanged in overnight activity while holding within a tight range. With calls for a firmer start in CBOT soybeans, traders thought the canola market could see some spillover support as the North American trading day progresses. However, any gains would likely be limited, as the technical... »
Chicago Board of Trade soybean futures are expected to start Thursday's day session with a mixed undertone, as the market searches for direction in the absence of fresh news and mixed signals from outside markets, analysts said. CBOT soybean futures are seen opening mixed, from 2 cents lower to 2 cents higher. A lack... »
Trading company Bunge said it opened a factory Thursday in Brazil's Mato Grosso state to crush soybeans into soyoil and soymeal. The 150 Brazilian real ($76.2 million) plant has the capacity to crush 1.3 million metric tons of soybeans per year, the company said. The plant is located in Nova Mutum in... »
December corn on Wednesday closed higher and near the session high after hitting a fresh five-week low early on. Bargain-hunting buying and short covering were featured. The key "outside markets" turned bullish for the corn futures market as the day wore on, as the U.S. stock indexes turned higher, crude oil prices turned higher and the U.S.... »
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: Palm oil, Mal/Sumatran origin Palm oil, Mal/Sumatran origin »
-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: »
