A backlash is building in agricultural powerhouse Argentina against the increasing reliance on transgenic soybeans and the herbicide widely used in their cultivation. Soybeans dominate the country's farm output, but growing concern over the environmental impact of their cultivation has spurred a legal and legislative assault on the beans. »
Informa Economics on Friday projected that U.S. corn acreage will total 83.111 million in 2009 while soybean acreage will total 78.869 million, according to traders. The private analytical firm's corn acreage projection, if realized, would be down from the U.S. Department of Agriculture's March estimate of 85.0 million acres and last year's acreage of 86.0 million.... »
Grain and oilseed futures at the ICE Canada futures market at 11:50 a.m. EDT are mixed, with canola higher on intensifying weather concerns, brokers said. Canola saw light trade, with intermonth spreading enhancing the volumes. The total estimated volume at 11:50 a.m. EDT was 4,376 contracts. Canola was lifted by rising concern... »
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: »
-Crude oil futures posted modest gains below $72 a barrel on Friday, rising for a third straight day, on a weaker dollar and hopes for an economic recovery that will boost oil demand. Light, sweet crude for July delivery traded up 24 cents at $71.61 a barrel on the New York Mercantile Exchange. ... »
U.S. wheat futures are expected to start firmer Friday in a turnaround from recent losses but could struggle to hold on to gains ahead of a harvest weekend, analysts said. Chicago Board of Trade September wheat is called to open 2 to 5 cents per bushel higher. In overnight electronic trading, CBOT September wheat gained... »
Cash prices offered to US growers for their corn and wheat languished at the lowest levels seen since late April to early May Friday, following a week in which futures dropped another 20-30 cents a bushel. Declines in wheat are being largely linked to seasonal harvest pressure. Farm progress market analyst Arlan Suderman... »
Soybean futures on the Chicago Board of Trade is seen starting Friday's day session steady to 3 cents higher, garnering strength from supportive outside market influences. A quiet news front is expected to keep attention on outside market movements, as traders await fresh news to provide leadership for futures, analysts said. In early... »
DOW JONES NEWSWIRES HAMBURG (Dow Jones)–Lowest known offers at 1315 local time in euros a metric ton as quoted by European traders, delivered. Hamburg/Rostock Wheat, E-quality, 14 % min Protein, Hagberg 275, Delivered Rostock Jun 09 172.50 Delivered Rostock Jul 09 ... »
Chicago Board of Trade corn futures are poised to open slightly higher Friday following overnight gains, with short-covering expected following losses this week. Corn is called 1 to 2 cents higher. In overnight trading, July corn was up 1 1/2 cents to $4.04 3/4 per bushel and December corn was up 1 1/2 cents to... »
India July NCDEX wheat futures end down 0.5% at INR1,082.40/100 kg on weak spot prices; local price in Delhi down 0.3% at INR1,047.25. "There are no positive triggers in the market except talks of an ease in export ban of wheat and wheat products. But the federal government is yet to take a call on it," says trader;... »
U.S. stock futures were pointing to a higher open for Wall Street on Friday, but just barely, with investors hopeful for a positive end to the week despite a quadruple witching of expiration of options and futures. Futures for the S&P 500 were up 2 points to 915.20, while the Nasdaq 100 weas up 11.5... »
Malaysia has not seen deferment of palm oil shipments in June, despite a sharp decline in prices, said Yong Chin Fatt, acting chairman of the Palm Oil Refiners Association of Malaysia. "Local refiners in Malaysia have not reported any delays or cancellation in palm oil shipments between early May and June 19," Yong said Friday. ... »
CBOT grain and soybean futures were mostly higher in overnight trade, buoyed by supportive outside market influences. A weaker U.S. dollar and higher equities and crude oil attracted speculative buying, analysts said. Light position evening heading into the weekend after a down week for prices aided the overnight bounce, a trader said. December corn was 1 1/2 cents »
Free-on-board prices in U.S. dollars per metric ton. Source: Agriculture Secretariat. Information supplied by private exporters at major Atlantic Ocean and Parana River ports. Prices listed are an average of those obtained. »
India soybean futures settled off lows as Meteorological Department says monsoon unlikely to advance to central India - key producing region - next week; July contract provisionally closes down 0.3% at INR2,508/100 kg. "After consistent decline in past five sessions, short-covering was expected, which was triggered by news of poor rains," says analyst; contract »
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: »
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: »
Lowest known offers at 1315 local time in U.S. dollars a metric ton as quoted by European traders. Argentine Soy Pellets 45-46% »
