CBOT soybean futures remain on the defensive, sustaining price weakness on bearish influences and a lack of fresh supportive features in the market. The combination of pressure from outside markets, improved weather outlooks for Midwest crops and outlooks for the USDA to increase soybean acreage forecasts as a result of spring planting delays for corn... »
Bearish outside markets and weather continue to weigh on CBOT corn. "I think a lot of this is coming from crude oil and the dollar," says Marty Foreman, analyst for Doane Advisory Services. A trader says it's tough to find anything supportive for the market, as the warmer, damp conditions are exactly what the crop needs in most... »
Pressure from neighboring and outside markets is shoving U.S. wheat futures lower, traders say. CBOT Sep wheat hit an open outcry session low of $5.71 1/4 a bushel, its lowest price since April 30. Strength in the U.S. dollar and losses in crude oil and equities hang over the grains, traders say. Sinking CBOT corn... »
CME live cattle futures prices are mixed at midday as lower corn futures prices pressure deferred contracts. Market analysts say hedgers think the latest weather reports point to good growing conditions in the Midwest and to lower corn and feed costs in the fall. Many cattle traders also are betting that heavier feeder cattle that weren't placed in... »
Argentine wheat planting continues to suffer from drought, seriously affecting planting, the Agriculture Secretariat said in its weekly crop report late Friday. "The absence of rainfall during the week continues to accentuate the moisture deficit across most of the grain belt," the Secretariat said. "Soil moisture reserves continue to be low or... »
Canola futures traded on ICE Futures Canada were lower at 11:52 a.m. EDT Monday, as beneficial rainfall in parts of western Canada over the weekend and losses in the outside markets weighed on values. At least 60% of the particularly dry areas in western Canada received some beneficial rainfall over the weekend, said a Winnipeg-based... »
Crude is trading around $67/bbl pressed by a rebounding dollar and the expiration of the July contract later today. Analysts say the market can't ignore high inventory levels and weak demand forever, though oil prices are still up more than $30/bbl since February. "The selling pressure from Friday continues and the market will swing... »
A drop in commmodity prices and concerns about the macro-economic environment contributed to declines in mining, metal and energy companies Monday, as the materials and energy sectors both fell. Nearly the entire materials sector retreated Monday as prices for gold, copper and oil fell. The materials sector in the Standard & Poor's 500 Index was... »
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: »
Estimates for the week ended Thursday, June 18, in million bushels. The U.S. Department of Agriculture report is scheduled for release at 11 a.m. EDT (1500 GMT) Monday. Actuals are subject to revision by the USDA. Source: Chicago Board of Trade traders. »
ICE Canada canola futures posted moderate losses as of 10:10 am EDT on Monday, with the bearish tone in outside markets accounting for much of canola's early declines. Canola's price slide was influenced by double-digit losses in e-CBOT soybeans, as well as significant overnight declines in European rapeseed and Malaysian palm oil futures, traders said. ... »
Chicago Board of Trade December corn futures hit a fresh seven-week low of $4.06 3/4 a bushel Monday. Major near-term technical damage has been inflicted, as prices have declined around 65 cents a bushel from the early-June high of $4.73 1/2. In overnight trading, December corn prices dropped below the... »
Expectations for harvest progress and pressure from other markets are expected to drag down U.S wheat futures at the start of Monday's day session. Chicago Board of Trade September wheat is called to start 5 to 9 cents per bushel lower. In overnight trading, CBOT September wheat dropped 10 1/4 cents to $5.74 1/4. ... »
Crude futures dropped below $68 a barrel on Monday, dragged down by a selloff in gasoline and growing fears about the global economic outlook. Light, sweet crude for July delivery, which expires at settlement, traded down $1.73, or 2.5%, at $67.82 a barrel on the New York Mercantile Exchange. Oil for August delivery, the more-actively traded... »
Physical trading of US grain had slowed significantly Monday, as deteriorating futures and winter wheat harvest delays affecting Kansas both served to restrict farm deliveries to the cash pipeline. "We are now entering into a point of the marketing year that is commonly referred to as the 'summer doldrums'," said Iowa commodity trade advisor Karl Setzer.... »
Chicago Board of Trade soybean futures are seen starting Monday's day session lower, pressured by bearish outside market influences and improved crop weather outlooks. CBOT soybean futures are seen opening 10 cents to 15 cents lower. A firmer U.S. dollar, lower crude oil and equities coupled with weather conditions that promote crop development... »
Chicago Board of Trade corn futures are expected to open lower Monday following sharp losses overnight, as bearish outside markets and good crop weather extend the market's recent slide, traders said. Corn is called 8 to 10 cents lower. In overnight trade, July corn was down 10 3/4 cents to $3.88 1/2 per bushel, September... »
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. »
The Nymex nearby August crude oil contract as of this writing is down nearly $1.80 on the day, near the intraday low of $68.16 a barrel. It's weak in intraday trading below $68.47 and decisive trading below $67.28 would be the signal for a move down to $66.49, or to $65.69. If intraday trades are stopped above... »
