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Archive for July 7th, 2009

MARKET TALK: US Wheat Grinds Lower As Soybeans Tumble

Tuesday, July 7th, 2009

U.S. wheat futures are slightly lower amid heavy losses in soybeans but resisting steeper losses. Wheat has seen sharp losses lately and does not have »

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MARKET TALK: CBOT Corn Slips As Outside Markets Weigh

Tuesday, July 7th, 2009

CBOT corn futures are weaker. Traders and analysts say they expected a modest bounce due to the corn market being oversold, but outside markets are beginning »

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EIA Raises Oil Price Forecasts On Economy Prospects

Tuesday, July 7th, 2009

U.S. government analysts on Tuesday slightly raised their forecast for oil prices, citing prospects for an improving economy. The Energy Information Administration said in »

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ICE Canola Drops On Fund Liquidation

Tuesday, July 7th, 2009

Canola contracts on the ICE Futures Canada platform were lower Tuesday, with much of the downward price action in the November, January and March »

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European Veg Oil PM Palm & Lauric Oil Prices – Jul 7

Tuesday, July 7th, 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 – Jul 7

Tuesday, July 7th, 2009

Lowest known offers at 1645 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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MARKET TALK: CBOT Soybeans On Profit-Taking, Weather

Tuesday, July 7th, 2009

CBOT soybean futures are sinking on profit-taking ahead of a bearish weather scenario, says Tim Hannagan, analyst for Alaron. »

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MARKET TALK: CBOT Corn Remains Stronger On Corrective Bounce

Tuesday, July 7th, 2009

CBOT corn futures are modestly higher. Traders and analysts say corn's bounce from yesterday's slide is on an oversold, technically weak market. »

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Technical trader Special:Bull Fail To Defend ICE Sugar Gains

Tuesday, July 7th, 2009

ICE Oct sugar futures have erased early gains and slipped into negative territory as the bullish forces were unable to defend the initial push to positive territory. »

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MARKET TALK: ICE Coffee Drifts Lower In Light Volume

Tuesday, July 7th, 2009

ICE arabica coffee futures are trading lower on the day in light volume, traders say. Most-active Sep coffee is down 55 points at $1.1755 per pound. »

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MARKET TALK: US Wheat Rises On Technical Bounce

Tuesday, July 7th, 2009

U.S. wheat futures are stronger in a technical rebound from recent losses, traders say. Wheat and corn "are extremely oversold on a technical basis," »

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MARKET TALK: CBOT Corn Boosted By Unwinding Bean-Corn Spreads

Tuesday, July 7th, 2009

CBOT corn futures are higher in early trading. The market is seeing unwinding of long soybean/short corn spreads, says Jerry Gidel, grain analyst »

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Brazil Soy Forecast 4.8% Less At 57.1M Tons On Year – Conab

Tuesday, July 7th, 2009

National Commodities Supply Corp., or Conab, Tuesday estimated Brazil's 2008-09 soy crop at 57.1 million metric tons. Conab's 10th crop estimate is 4.8% below the 2007-08 »

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MARKET TALK: CBOT Soy Futures Stumble With Outside Mkts

Tuesday, July 7th, 2009

CBOT soy futures are lower, backpedaling from overnight gains on a turnaround in key outside markets. The ability of the U.S. dollar to bounce higher and a subsequent »

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Crude Drops As Economic Worries Persist

Tuesday, July 7th, 2009

NEW YORK -- Crude futures were lower Tuesday as traders continued to liquidate positions after a rally to a 2009 high last week. Light, sweet crude for August »

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UPDATE: EU Agrees To Impose Duties On US Biodiesel From Sun

Tuesday, July 7th, 2009

E.U. nations decided Tuesday to impose anti-dumping duties on U.S. biodiesel imports, which are suspected to be heavily subsidised, an E.U. diplomat said Tuesday. »

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MARKET TALK: ICE Sugar Slides In Thin Range Trade

Tuesday, July 7th, 2009

ICE Oct world sugar futures are slipping toward support levels as the U.S. dollar firms and equities slide. Most-active Oct futures are down 14 points at 17.18 cents a »

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MARKET TALK: ICE Cocoa Weakens On Fundamentals, Outside Mkts

Tuesday, July 7th, 2009

ICE cocoa futures are trading near unchanged but well down from the early session high. Sep cocoa is unchanged at $2,474 a metric ton. »

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US Cash Grain Outlook:Hard Red Spring Wheat Nearing 2-Year Low

Tuesday, July 7th, 2009

US grain prices currently stand at some of the lowest levels seen in weeks, months and even years, following a futures market collapse that has cut the cash-value of »

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Commodities Market Impact Weather:Midwest Conditions Stay Good

Tuesday, July 7th, 2009

Beneficial Midwest conditions, a suitable pattern for Plains wheat harvest, continued beneficial trends for northern growing areas, a mixed pattern for the Delta, isolated »

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