Canola futures on the ICE Canada platform were stronger in light trade as of 12:02 p.m. EDT (1602 GMT) on Tuesday. Canola prices had been narrowly mixed in early activity but firmed in response to the gains seen in Chicago soybeans, brokers said. Tuesday morning's neutral Statistics Canada 2009 canola acreage estimate... »

Delayed plantings and heavy spring rains have put much of the U.S. soybean crop at an unusually high risk of damage from Asian soybean rust, a yield-robbing fungus that has already begun to infect soybeans weeks earlier than ever before. "These early finds mean that soybean rust could be a real threat to the soybean crop,... »

CBOT soybean futures are holding firm, maintaining its bounce from recent declines. The weakness of the U.S. dollar sparked bullish optimism, with traders viewing the market as overbought following recent setbacks that produced over $1.00 a bushel loss since June 12 in active contracts, analysts say. Light bargain hunting buying is featured as well, with tight... »

U.S. wheat futures are slightly higher in a rebound from recent losses. The markets are due for a recovery after being "beaten up" in recent weeks, a CBOT floor trader says. Nearby CBOT July wheat is down more than $1.25 since hitting an eight-month high June 1. The markets are taking a bit of a "breather" after the... »

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 1745 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

Oil futures gain a little ground as the dollar weakens. Opec is also attempting to lend its support to the market in the face of growing doubts about future demand. »

Farmers throughout Kansas are starting to resume their wheat harvest following rains this weekend, according to a report from growers' group Kansas Wheat. Most farmers around Elkhart, in far southwestern Kansas, were able to return to the fields Monday, the report said. The Elkhart Cooperative Equity Exchange has taken in 400,000 bushels so far, with test... »

Brazilian oil giant Petrobras (PBR) has financing to meet most of its investment plans through 2010 and the recent uptick in oil prices means cash reserves could cover the shortfall, said a top company executive Tuesday. Indeed, if oil prices remain at current levels, Petroleo Brasileiro SA, to give the company's full name, will have cash... »

Crude oil futures traded into negative territory, hovering around $67, as equities fell on weaker-than-expected housing data. Light, sweet crude for August delivery recently traded 53 cents, or 0.8%, lower at $66.97 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 15 cents, or 0.2%, lower at $66.83... »

VIENNA -- There's too much oil in the market, but a further cut in production by the Organization of Petroleum Exporting Countries is likely only if the macroeconomy improves ahead of the group's next meeting in September, OPEC Secretary-General, Abdalla Salem El-Badri, said Tuesday. "At our latest meetings we kept production unchanged to support the... »

DOW JONES NEWSWIRES PARIS (Dow Jones)–A rise in oil prices from their current levels could strangle any economic recovery, the International Energy Agency’s chief economist said Tuesday. Low oil prices earlier this year of between $30-$40 a barrel were like an “additional stimulus package” coming from oil-producers, Fatih Birol told reporters on the sidelines of the... »

The present oil price of around $70 a barrel is fair because it isn't preventing investment in the sector and isn't imposing too much of a burden on consumers, European Union Energy Commissioner Andris Piebalgs said Tuesday. A price of $70 a barrel "at this stage I think is the most fair price," Piebalgs told... »

CBOT corn futures opened slightly lower. Outside markets are mildly supportive, but favorable crop weather and a bearish technical trend are weighing on the market. Prices are trying to correct as Monday saw the market become a little oversold, a floor trader says. Monday's USDA crop progress report, which left the portion of the crop rated good-to-excellent unchanged, »

CBOT soy futures started Tuesday's day session on firm footing, managing to find support after a recent downturn. Technical buying associated with trader's ideas that futures were oversold after declines in the past week, served as a spark to attract buyers, analysts say. Lingering concerns surrounding tight old-crop stocks and lagging planting progress in the southern »

U.S. crude oil inventories are seen falling in data due Wednesday from the Department of Energy, according to a Dow Jones Newswires survey of analysts. The data, put out by the department's Energy Information Administration unit and covering the week ended June 19, are due to be released at 10:30 a.m. EDT Wednesday. Separate weekly U.S.... »

There's too much oil in the market, but a further cut in production by the Organization of Petroleum Exporting Countries is likely only if the macroeconomy improves ahead of the group's next meeting in September, OPEC Secretary-General, Abdalla Salem El-Badri, said Tuesday. "At our latest meetings we kept production unchanged to support the global economy, even... »

Canola contracts on the ICE Futures Canada platform were trading in a narrowly mixed price range as of 9:50 EDT. Only the nearby July and November contracts had experienced any trade volume, market watchers said. Statistics Canada released their second acreage estimates for the 2009 growing season, holding wheat acres at the upper end of... »

Russian and Egyptian officials have agreed that a long-term wheat supply contract will be signed between the two countries once the form of a single quality certificate is agreed by them, the Russian economic development ministry said Tuesday. The certificate, to be shortly finalized by the two countries, will serve as a basis for grain quality... »

U.S. wheat futures are poised to start firmer Tuesday in a rebound from losses Monday, although the advancing U.S. harvest should keep a lid on gains, analysts said. Chicago Board of Trade September wheat is called to open 3 to 5 cents per bushel higher. In overnight electronic trading, CBOT September wheat rose 3 3/4 cents... »