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The dollar weakened broadly amid concerns that U.S. monetary policy may stay loose for a while. The buck reacted to White House... »
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Crude oil futures prices settle below $70 a barrel for the first time since June 8 in a selloff spurred by a steep drop in gasoline futures and weakness in the equities market. Light, sweet crude for July delivery settles down $1.82, or 2.6%, at $69.55 a barrel on the New York Mercantile Exchange. ... »
Selling by speculators and supply from the Brazilian harvest dragged ICE Futures U.S. arabica coffee to seven-week lows. The price of the coffee contract for July delivery fell 3.75 cents to $1.1670 a pound, leaving it down nearly 10% on the week and 18% this month. Prices at one point fell to the lowest point... »
Mexican oil production fell 7.9% during the first five months of this year to an average of 2.65 million barrels a day, putting pressure on state-run Petroleos Mexicanos to reverse the downward trend. Mexican oil production is down over a fifth since peaking in 2004, mainly because Pemex has failed to substitute the giant but... »
Mexican oil production fell 7.9% during the first five months of this year to an average of 2.65 million barrels a day, putting pressure on state-run Petroleos Mexicanos to reverse the downward trend. Mexican oil production is down over a fifth since peaking in 2004, mainly because Pemex has failed to substitute the giant but... »
Crude oil futures prices settled below $70 a barrel for the first time since June 8 Friday in a selloff spurred by a steep drop in gasoline futures and weakness in the equities market. Light, sweet crude for July delivery settled down $1.82, or 2.6%, at $69.55 a barrel on the New York Mercantile Exchange,... »
U.S. wheat futures extended recent losses Friday on spillover pressure and a lack of fundamental support. Chicago Board of Trade September wheat dropped 4 3/4 cents to $5.84 1/2 a bushel, down 28 3/4 cents on the week. Kansas City Board of Trade September wheat lost 4 1/4 cents to $6.25 1/4, and Minneapolis Grain... »
A backlash is building in agricultural powerhouse Argentina against the increasing reliance on transgenic soybeans and the herbicide widely used in their cultivation. Changes In Store For Market For Renewable Fuel Credits CHICAGO (Dow Jones)--Changes are on the way in the market for Renewable Identification Numbers, as the Environmental Protection Agency »
Chicago Board of Trade corn futures ended lower Friday, as pressure from the soybean market sent prices below support at $4. July corn closed down 4 cents to $3.99 1/4 per bushel, September corn closed down 4 1/2 cents to $4.07 1/4 and December corn ended down 4 1/4 cents to $4.19 1/2. ... »
Bearish private acreage estimates, improved weather outlooks for Midwest crops and a lack of fresh supportive news sent Chicago Board of Trade soybean futures tumbling Friday. CBOT July soybeans settled 34 3/4 cents lower at $11.79 and November soybeans finished 37 1/2 cents weaker at $10.06. In pit trades, speculative fund selling was... »
U.S. grain markets shed some 5% to 6% of their cash value this week to return to levels last seen in April or May, as an avalanche of crumbling futures prices buried an only-slightly fortified basis market. »
Total 2008-crop corn entries into the government's 9-mo price support loan program are 493.875 mln bu, a decrease of 34.365 mln bushels during the week ended Jun 16, according to USDA. Following is a breakdown of activity in the regular 9-month non-recourse loan program for 2009 and 2008 crop corn in... »
Total 2008-crop soybean entries into the government's 9-mo price support loan program 45.350 mln bu, a decrease of 4.515 mln bushels during the week ended Jun 16, according to USDA. Following is a breakdown of activity in the regular 9-month non-recourse loan program for 2008 & 2007 crop soybeans in 1,000... »
Grain and oilseed futures at ICE Futures Canada closed Friday's session mixed with moderate gains in canola as the market focused on the dryness problems in Alberta and Saskatchewan, brokers said. Canola saw a light trade with intermonth spreading augmenting activity. The total canola volume was estimated at 7,760 contracts, down from... »
CBOT corn futures are slightly lower in choppy, two-sided mid-day trade. The market has been pressured by soybeans, which have slid following what was seen as a bearish acreage projection by Informa. "The beans are pulling everything with it," a trader says. The report was seen as slightly friendly for corn itself, as it reduced acreage. But funds,... »
- CBOT soybean futures tumble in midday trade, succumbing to speculative selling amid bearish private acreage forecasts and technically inspired selling, analysts say. With outside markets failing to provide any leadership for prices, traders quickly took bearish acreage forecasts as a spark to ignite selling pressure ahead of the weekend, a CBOT floor analyst says. The declines accelerated once... »
European wheat futures were near unchanged in subdued trading Friday as the markets struggled to drum up much interest. "There are no sellers and consumers think prices could go lower," so they're not buying, said a U.K.-based broker. "We need a week of stability before any business happens." November Paris milling wheat traded... »
Crude oil futures prices plunged to near $70 a barrel early Friday afternoon, led by a steep selloff in gasoline futures. At 1303 EDT, July crude was down $1.20 at $70.17 a barrel after an overnight high of $72.30. The contract, which expires at Monday's settlement, came under heavy pressure after two days of gains... »
Italian energy company Eni SpA (E) said Friday an oil pipeline in Nigeria that feeds the Brass terminal was sabotaged and production has been shut down, in the latest of a string of attacks against oil companies in the hydrocarbon-rich African country. In a statement, Eni, Italy's largest energy company by market value, said... »