Crude futures shook off early losses Wednesday after the U.S. government offered a mixed report on oil stockpiles, with crude inventories falling and refined products like gasoline swelling. Light, sweet crude for August delivery traded up 3 cents at $69.27 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange... »

Canola futures traded on ICE Futures Canada were higher at 12:08 p.m. EDT Wednesday, as dry weather conditions in Alberta continued to underpin the market. Ongoing weather concerns in western Canada, highlighted by an Alberta Agriculture report showing that moisture levels were poor in nearly half of the province, provided some support for canola, according to... »

European wheat futures trade lower, with the market continuing to lack confidence in the near term outlook. "There's no bullish news so it's just going to drift," says London-based broker. Adds there's no urgency for consumers to buy. "This time of year is always quiet," leading into the Northern hemisphere harvest, says broker. November Paris milling wheat -EUR1.00, »

A U.S. Senate subcommittee was wrong to link speculation by index traders with a surge in Chicago Board of Trade wheat futures, CME Group Inc. (CME) said Wednesday. CME, which owns the CBOT, disputed the conclusions of a 247-page report issued Tuesday night by the U.S. Senate Permanent Subcommittee on Investigations. The panel said "excessive speculation"... »

Egypt's Ministry of Trade and Industry has ordered the re-export of a 56,000-ton Russian wheat shipment, as the importer didn't provide all of the paperwork required, the ministry said Wednesday. The shipment was contracted for sale from RIAS Trading SA, the Swiss office of Rosinteragroservis, Russia's second-largest grain exporter, to Egyptian Traders Co., one of Egypt's... »

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: »

NEW YORK -- Crude futures shook off early losses Wednesday after the U.S. government offered a mixed report on oil stockpiles, with crude inventories falling and refined products like gasoline swelling. Light, sweet crude for August delivery traded up 3 cents at $69.27 a barrel on the New York Mercantile Exchange. Brent crude on the... »

U.S. gasoline inventories jumped more than expected for the second week in a row, according to U.S. Department of Energy data released Wednesday. Gasoline stockpiles rose by 3.9 million to 208.91 million barrels in the week ended June 19, the department's Energy Information Administration said in its weekly report. This compares with a »

Egypt's Ministry of Trade and Industry has ordered the re-export of a 56,000-ton Russian wheat shipment, as the importer didn't provide all of the paperwork required, the ministry said Wednesday. The shipment was contracted for sale from RIAS Trading SA, the Swiss office of Rosinteragroservis, Russia's second-largest grain exporter, to Egyptian Traders Co., one of... »

Next week, Iraqi officials plan a welcome-back party for Big Oil. The government intends to auction off oil contracts to foreign companies for the first time since Iraq nationalized its oil industry more than three decades ago. »

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. »

CBOT soybean futures are higher in early action, recovering from a mixed start. The market continues to consolidate in the absence of fresh directives, traders say. Tight old-crop stocks and the uncertainty of new crop acreage and output are supportive features underpinning prices. »

India's Food Ministry will decide on easing a ban on non-basmati rice exports after monitoring the monsoon's progress to ensure that the country has enough supplies in case the annual rains are lower than expected, paring fresh crop output. India's four-month monsoon rainfall, crucial for crops such as rice, wheat, sugarcane, cotton and oilseeds, are expected... »

U.S. DOE summary text for week ended Jun 19: U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending June 19, up by 354 thousand barrels per day from the previous week's average. Refineries operated at 87.1 percent of their operable capacity last week. Gasoline production rose last... »

Wet spring weather kept U.S. farmers out of their fields and likely reduced intended corn acreage by 2.5 million acres, Farm Futures magazine estimates. According to a survey of farmers and other data, Farm Futures estimates 2009 U.S. corn acreage at 82.47 million acres, down 3% from the 84.986 million the U.S. Department of Agriculture projected... »

South Africa has raised its corn crop forecast to 11.6 million metric tons for the 2008/09 season, up from the 11.51 million tons estimated last month, the Crop Estimates Committee said Wednesday. White corn production is forecast at 6.8 million tons from almost 6.74 million tons previously, and yellow corn output is estimated at 4.8... »

ICE Canada canola futures were narrowly mixed as of 10:05 a.m. EDT on Wednesday. Early volumes were thin, and with no clear signals from outside markets, canola seemed to be lacking direction, market watchers said. Minor overnight selling was tied to slight declines in e-CBOT soybean futures. Outside markets were mixed, with equities... »

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Crude futures weakened Wednesday as investors anticipated data will show a rise in U.S. gasoline stockpiles in the middle of the summer driving season. Light, sweet crude for August delivery traded down 43 cents, or 0.6%, at $68.81 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange was 41 cents... »