The euro strengthened in late morning trading Wednesday, as disappointing U.S. economic data threw cold water on the idea the Federal Reserve would signal a sooner-than-expected rise in U.S. interest rates. With U.S. labor markets still pinched and the service sector still struggling, as data released Wednesday »
CBOT soy futures have retreated after a higher open, and are mixed in two-sided trade. The market had gained 34 cents in the Jan contract on the week headed into the session, but the rally has lacked fundamental underpinning, traders say. Dry weather is seen as bearish »
Crude futures rose Wednesday on a U.S. government report showing across-the-board declines in oil and fuel inventories. Light, sweet crude for December delivery recently traded $1.29, or 1.6%, higher at $80.89 a barrel on the New York Mercantile Exchange. Brent crude on the ICE »
ICE Dec arabica coffee futures continue to trade higher, propped up by overall speculative buying in commodities and a weak US dollar versus the Brazilian real. Gains in precious metals, crude oil futures and Chicago grains are fueling the rise in commodity indexes, as traders add »
Pakistan will import 1 million metric tons of sugar for the next season, which starts in November, and cut gas supply to industries for two days a week from mid-November to mid-March, the information minister said Wednesday. "Pakistan has demand for 4.2 million »
Stocks In Millions of Barrels »
Canola contracts on the ICE Futures Canada platform were trading at mainly higher price levels at 9:44 a.m. EST, with some of the strength linked to a pick up in demand from the commercial sector, market watchers said. Basis levels offered by the grain elevators in western Canada have improved significantly and... »
The euro strengthened against the dollar in early Wednesday trading on higher stock markets in Asia and Europe. But major currencies stayed within well-worn ranges, as investors looked toward an afternoon meeting of the Federal Reserve's interest rate-setting committee. In early New York trading, the euro »
Recent ICE sugar gains have grounding in deteriorating conditions with the ongoing Brazil sugar crop, Commerzbank says in a research note. Prices surged by 5.7% during the past two days, as in Brazil, the world's largest sugar producer and exporter, both quality and quantity of this »
ICE sugar futures are trading in a noticeably higher range as futures find underlying fundamental support from protests by sugar cane farmers in India that led police in Uttar Pradesh to block supplies of imported raw sugar, Barclays Capital says in a research note. Sugar is trading »
December corn futures this week have regained near-term technical momentum after a sharp downside price correction last week. Importantly, Monday's low of $3.59 1/4 in December corn at the Chicago Board of Trade marked the 50% Fibonacci retracement level of the price move from the September low of $3.02 to »
Row crop basis has taken a pratfall at many major grain terminals, nosediving by as much as 10 cents per bushel for corn/soybeans and 15 cents for sorghum, throughout the US interior Monday. "Weather conditions started to improve and gave farmers a chance to pick up the pace on harvest," »
U.S. wheat futures are expected to start higher Wednesday on follow-through buying from the overnight trading session and speculative money flowing into the markets, traders said. Chicago Board of Trade December wheat is called to open up 7 to 9 cents per bushel. In overnight electronic trading »
Continued drier harvest weather, beneficial conditions for winter wheat, variable conditions in Brazil, cooler and drier in Argentina, scattered showers for South Africa, a brief cold spell in central China, and additional mixed precipitation for Europe are the main weather items for the commodity trade's »
India is targeting an increase in its winter wheat harvest of two million metric tons, following a drop in output of summer-sown food grains, including rice and corn, due to drought and flooding. »
The Brazilian Vegetable Oils Industry Association, or Abiove, Wednesday trimmed its crush estimate to 29.5 million metric tons for the 2008-09 crop. Abiove's previous estimate on Oct. 2 pegged the 2008-09 soy crush at 29.8 million tons. Abiove's estimate remained steady »
Cocoa drying has resumed in southwestern Nigeria after the cessation of heavy rainfall, traders said Wednesday. Jimi Babalola, a trader in Ibadan, capital of Oyo state, said the weather has been sunny in the past four days after several weeks of rainfall and cold weather which hampered the harvesting and drying of... »
Chicago Board of Trade soybeans are expected to open higher Wednesday amid continued support from outside markets and technical strength, traders said. Soybeans are called 6 cents to 8 cents higher. In overnight trade, November soybeans were up 8 1/4 cents to $10.15 per bushel and January »
Chicago Board of Trade corn is expected to open stronger at Wednesday's open, as a weaker dollar and gains in crude oil continue to feed this week's rally. Corn is called 2 to 4 cents higher. In overnight trade, December corn was up 4 3/4 cents to $3.94 3/4 per bushel and... »
The Brazilian Vegetable Oils Industry Association, or Abiove, Wednesday trimmed its crush estimate to 29.5 million metric tons for the 2008-09 crop. Abiove's previous estimate on Oct. 2 pegged the 2008-09 soy crush at 29.8 million tons. Abiove's estimate remained steady for the upcoming 2009-10 soy »
