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Archive for June 29th, 2009

MARKET TALK: Old/New Spreads Featured In CBOT Beans, Meal

Monday, June 29th, 2009

CBOT soybean futures remain mixed at midday, with old/new crop spreading featured. Old-crop months are buoyed by tight stocks and supportive outside crude oil and equity markets, »

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MARKET TALK: CBOT Corn Slips; Lack Of News, Technically Poor

Monday, June 29th, 2009

CBOT corn futures are slipping as a lack of bullish news coupled with poor technical patterns push the market lower. "There's nothing bullish about corn," a floor trader says, citing the quarter's end, »

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European Veg Oil PM Palm & Lauric Oil Prices – Jun 29

Monday, June 29th, 2009

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: »

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European Veg Oil PM Soft Oil Prices – Jun 29

Monday, June 29th, 2009

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: »

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EIA: Final US ‘08 Oil Use Revised +0.4% Vs Estimate

Monday, June 29th, 2009

Amid record high oil prices and a weakening economy, U.S. oil demand fell in 2008 by 5.7%, or 1.182 million barrels a day, to 19.498 million barrels a day, the lowest level »

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No Threat Of Frost Forecast In Brazil Coffee Towns This week

Monday, June 29th, 2009

Brazil's main coffee-producing regions will be frost-free in the coming days, according to local weather service Somar on Monday. »

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Rotterdam Vegetable Oil Stocks – Jun 29

Monday, June 29th, 2009

Rotterdam vegetable oil stocks in metric tons. »

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FOCUS: Oil Majors Line Up For Iraq’s First Bid Round

Monday, June 29th, 2009

International oil companies, seeking stakes in the world's most lucrative oil and gas industry, are in Baghdad preparing to bid on a series of multibillion-dollar oil and gas deals Tuesday, Iraqi oil officials said Monday. »

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Iran OPEC Head: EU, OPEC Agree $70-80 Fair Oil Price For Now

Monday, June 29th, 2009

DOW JONES NEWSWIRES DOHA (Zawya Dow Jones)–Iran’s Organization of Petroleum Exporting Countries governor said Monday both the EU and OPEC agreed that $70-80 a barrel is a fair crude oil price until the global economy picks up. “Last week’s sixth meeting in Vienna between the EU and OPEC was good news because we agreed on an... »

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US Apr Oil Use Revised +1.2% Vs Estimate To 18.47M B/D

Monday, June 29th, 2009

U.S. oil demand in April was revised up by 1.2%, or 216,000 barrels a day, from preliminary estimates, to 18.471 million barrels a day, the Energy Information Administration said Monday. »

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CME Says Brazil Trade Rising; Eyes New Soybean Contract

Monday, June 29th, 2009

CME Group Inc. (CME) is starting to gain more business from an alliance with Brazil's dominant financial exchange and is also eyeing a revamp of its South American soybean contract. »

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US Grain, Soybean Export Inspections Estimates – June 29

Monday, June 29th, 2009

Estimates for the week ended Thursday, June 25, in million bushels. The U.S. Department of Agriculture report was scheduled for release at 11 a.m. EDT (1500 GMT) Monday. »

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MARKET TALK: CBOT Soy Mixed; Old-Crop Holding Firm

Monday, June 29th, 2009

CBOT soybean futures are mixed, with diverging old- and new-crop fundamentals producing the two-sided theme. Positioning ahead of Tuesday's key acreage and stocks report is featured, »

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MARKET TALK: US Wheat Turns Lower On Harvest, Weak Corn

Monday, June 29th, 2009

U.S. wheat futures are slipping on harvest pressure, despite gains overnight, analysts say. Warm, dry weather looks favorable for U.S. winter wheat cutting. »

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ICE Canola Mixed, Nearby Down On Month End

Monday, June 29th, 2009

Grain and oilseed futures at the ICE Canada Futures market were mixed Monday morning with nearby actively traded canola contracts lower at 09:35 EDT as canola was »

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US Cash Grain Outlook: Pre-Report Debate Swirls

Monday, June 29th, 2009

With most basis levels no more than fractionally mixed, swirling speculation surrounding the imminent release of 2 major USDA crop reports held most of the attention of the US cash grain market Monday. »

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OIL FUTURES: Crude Up After Fresh Nigeria Attack

Monday, June 29th, 2009

Crude futures rose Monday after a new supply disruption cropped up in Nigeria. Light, sweet crude for August delivery traded up $1.54, or 2.2%, »

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MARKET TALK: Spec Funds Exit CBOT Corn Long Positions

Monday, June 29th, 2009

Speculative funds cut 19,151 contracts from their CBOT corn long positions and added 27,700 to their short positions, putting them net long 45,121 contracts, the CFTC said Friday. »

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USDA: US Corn Export Destination Switched To South Korea

Monday, June 29th, 2009

The U.S. Department of Agriculture on Monday announced a change in destination update for 232,000 metric tons of U.S. corn exports, saying it will be delivered to South Korea. »

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CBOT Corn Outlook: Lower Start Expected, Looking To Acresge

Monday, June 29th, 2009

Chicago Board of Trade corn futures are expected to open lower Monday following modest overnight losses as the market looks forward to Tuesday's acreage report. »

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