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Archive for June 27th, 2009

News Highlights: Top Energy Stories Of The Day

Saturday, June 27th, 2009

The industry group behind the U.S. government-backed FutureGen project to capture and store greenhouse gases from a new coal-fired power plant is looking to cut the project's cost by nearly 30%. »

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Mexico Cash Grain: Buying In White, Yellow Corn In Quiet Mkt

Saturday, June 27th, 2009

Physical trading was slow this week in the Mexican cash grain markets, with some modest buying reported in the white and yellow corn markets, traders and importers said Friday. »

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Commodities Report: Oil Tips Below $70

Saturday, June 27th, 2009

Crude prices settled below $70 a barrel, under pressure from weak stocks and concerns about sluggish oil demand. On Friday, light, sweet crude for August delivery settled $1.07 lower, or 1.5%, at $69.16 a barrel on the New York Mercantile Exchange. »

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OIL FUTURES: Crude Settles Below $70 On Weak Equities

Saturday, June 27th, 2009

Crude oil futures settled below $70 a barrel Friday, under pressure from weak equities and concerns over sluggish oil demand. Light, sweet crude for August delivery settled $1.07, or 1.5%, lower, at »

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US Wheat Review: CBOT Ends Higher As KCBT, MGE Stumble

Saturday, June 27th, 2009

U.S. wheat futures closed mostly lower Friday after trading both sides in choppy activity, with all three markets finishing lower on the week. Chicago Board of Trade September wheat settled up 1 1/2 cents at $5.63 a bushel. »

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US Cash Grain Review: Soybeans Avert Broad Price Downdraft

Saturday, June 27th, 2009

Farmgate soybean prices managed to eke out a 1% gain this week, even though all other U.S. cash grains tumbled 4% to 5% to hit their lowest levels in recent weeks. »

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CBOT Soy Review: Mixed; Bull Spreads Dominate Action

Saturday, June 27th, 2009

Chicago Board of Trade soybean futures ended mixed Friday, with old crop futures trending higher while new crop contracts retreated on spreads. CBOT July soybeans settled 5 cents higher at $12.01 and November soybeans finished 11 cents lower at $9.91. In pit trades, »

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ICE Canada Grain/Oilseed Review: Canola Down In Lackluster Trade

Saturday, June 27th, 2009

Grain and oilseed futures at ICE Futures Canada closed Friday's session mixed, with canola undermined by weakness in Chicago Board of Trade soyoil futures and liquidation of July contracts, brokers said. »

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CBOT Corn Review: Post Light Gains; Waits For USDA Report

Saturday, June 27th, 2009

Chicago Board of Trade corn futures closed modestly higher Friday with traders reluctant to make moves before next week's acreage and grain stocks reports. »

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USDA Loan Activity: 2008 Crop Enties 461.880 Mln Bu

Saturday, June 27th, 2009

Total 2008-crop corn entries into the government's 9-mo price support loan program are 461.880 mln bu, down 31.995 mln bushels during the week ended Jun 23, according to USDA. »

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USDA Loan Activity: 2008 Crop Soybeans Entries 41.182 Mln Bu

Saturday, June 27th, 2009

Total 2008-crop soybean entries into the government's 9-mo price support loan program 41.182 mln bu, a decrease of 4.168 mln bushels during the week ended Jun 23, according to USDA. »

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SURVEY: Analysts Expect USDA To Show Reduced Corn Area

Saturday, June 27th, 2009

Soggy weather that kept U.S. corn growers out of the fields for much of the planting season, particularly in the eastern corn belt, are expected to be reflected in less corn acreage in the government's planted acreage report on Tuesday. »

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ICE Canola Slips On July Expiration, Losses In CBOT Soybeans

Saturday, June 27th, 2009

Canola contracts traded on the ICE Canada platform posted mixed results as of 12:02 p.m. EDT (1602 GMT) on Friday, although all the actively traded contracts were weaker. The nearby July contract was down moderately on the day, with losses mainly »

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SURVEY: Soy Plantings To Rise, Solid 3rd Quarter Usage

Saturday, June 27th, 2009

The U.S. Department of Agriculture is expected show a moderate increase in soybean acreage from its March prospective plantings report with soybean stocks as of June 1 reflecting solid third-quarter usage in its reports scheduled for release Tuesday 8:30 a.m. EDT (1230 GMT). »

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