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Saturday, November 7th, 2009
-The euro and other higher-yielding currencies should continue to gain against the dollar next week, even as flagging U.S. jobs data cast doubt on the global economic recovery.
Investors need somewhere to put the cheap money sloshing around their portfolios, courtesy of the ultra-loose policies recommitted to this week by the Federal Reserve and »
Tags: Currency, forex
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Saturday, November 7th, 2009
The euro declined against the dollar Friday as U.S. stocks fluctuated in and out of positive territory in the wake of a disappointing U.S. monthly unemployment report.
During the New York afternoon, the single currency settled modestly below day-earlier levels versus the dollar, calming after a choppy morning. Rapid intraday shifts and »
Tags: Currency, forex
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Saturday, November 7th, 2009
Analysts expect a slight reduction in the projected size of the U.S. corn crop and 2009-10 ending stocks when the U.S. Department of Agriculture issues its supply and demand report next week.
The USDA is scheduled to issue supply and demand estimates and updated crop projections Tuesday at 8:30 a.m. EST. While... »
Tags: Corn
Posted in Corn | Comments Off
Saturday, November 7th, 2009
Seasonal harvest pressure was brought to bear on
cash prices for U.S. corn and soybeans this week, a trend analysts feel is
likely to continue, barring a bullish surprise from Tuesday's U.S. Department of
Agriculture crop-production report. However, farm-gate prices for wheat
appreciated by about 5 cents to 11 cents per bushel. »
Tags: Corn, Grain, Soybean, wheat
Posted in Grain | Comments Off
Saturday, November 7th, 2009
Chicago Board of Trade rice futures ended slightly lower Friday, near the lower end of the day's range.
November rice ended down 1 1/2 cents to $14.95 per hundredweight and January rice ended down 5 cents to $15.15. January rice, the most active contract, gained 46 cents on the week and is... »
Tags: Grain, Rice
Posted in Grain | Comments Off
Saturday, November 7th, 2009
Graded cocoa prices have risen to 470,000-472,000 naira ($3,112-$3,125) a metric ton in Nigeria's southeastern Cross River state, up from last week's level of NGN465,000, buyers said Friday.
It is the second consecutive week that graded cocoa prices have risen in the state. »
Tags: Cocoa
Posted in Cocoa | Comments Off
Saturday, November 7th, 2009
Broad-based commodities selling pushed ICE Futures U.S. world raw sugar lower in range Friday. March sugar settled 33 points lower at 22.43 cents a pound and down 1.66% for the week. The May contract settled down 29 points at 21.45.
Sugar traded near unchanged in early dealings as futures continued... »
Tags: Sugar
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Saturday, November 7th, 2009
Colombian coffee production in the calendar year 2009 is now seen falling to 8.3 million 60-kilogram bags, the head of Colombia's National Federation of Coffee Growers, or Fedecafe, said Friday.
Fedecafe General Manager Luis Genaro Munoz, speaking at the annual Asoexport congress here, »
Tags: coffee
Posted in coffee | Comments Off
Saturday, November 7th, 2009
All of Colombia's coffee-growing regions are forecast to receive sharply lower rainfall from December through March because of the El Nino and La Nina weather phenomena, Colombia's National Coffee Research Centre, Cenicafe, said Friday.
Alvaro Jaramillo, agricultural weather forecaster at Cenicafe, said »
Tags: coffee
Posted in coffee | Comments Off
Saturday, November 7th, 2009
Arabica coffee futures fell Friday, pressured by selling in nearly all commodity markets and choppy trading on Wall Street.
Nearby December coffee lost 320 points, or 2.3%, to settle at $1.3890 a pound, near the day's low of $1.3810. For the week ended Friday, however, December coffee rallied 340 points »
Tags: coffee
Posted in coffee | Comments Off
Saturday, November 7th, 2009
Thailand's domestic and export rice prices increased by 2-4% as the implementation of the government's new price support programs has taken place, according to a U.S. Department of Agriculture attache report posted Friday on the Foreign Agricultural Services Web site. »
Tags: Grain, Rice
Posted in Grain | Comments Off
Saturday, November 7th, 2009
Pressure from crude oil, soybeans and an improved harvest outlook sent Chicago Board of Trade corn futures lower Friday.
December corn ended down 9 1/2 cents to $3.67 per bushel, and March corn ended down 9 1/4 cents to $3.81.
Funds sold an »
Tags: Corn
Posted in Corn | Comments Off
Saturday, November 7th, 2009
Soybean futures at the Chicago Board of Trade dropped to one-month lows Friday, continuing to extract risk premium from prices in the face of harvest pressure.
CBOT November soybeans finished 19 cents lower at $9.48 per bushel, and January soybeans ended 17 cents lower at $9.55. »
Tags: Soybean, Soymeal, Soyoil
Posted in Soybean | Comments Off
Saturday, November 7th, 2009
Canadian grains production for 2009/10 is forecast to dip by over 15% from the preceding year, due to unfavorable weather conditions throughout 2009, according to a U.S. Department of Agriculture attache report posted Friday on the Foreign Agricultural Services Web site. »
Tags: Corn, Grain, Soybean, wheat
Posted in Grain | Comments Off
Saturday, November 7th, 2009
South Korea's MY 2009/10 total wheat import estimate is forecast at 3.9 million metric tons, up 600,000 tons due to strong demand for imported feed wheat from the Black Sea Region, according to a U.S. Department of Agriculture attache report posted Friday on the Foreign Agricultural Services Web site. »
Tags: wheat
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Saturday, November 7th, 2009
U.S. wheat futures tumbled Friday and closed near session lows on spillover selling from neighboring markets and an absence of export demand.
Chicago Board of Trade December wheat ended down 15 cents at $4.97 1/4 a bushel, up 3 cents on the week. Kansas City Board of Trade December wheat »
Tags: Corn, Grain, wheat
Posted in wheat | Comments Off
Saturday, November 7th, 2009
Crude-oil futures dropped to a one-week low Friday after the U.S. unemployment rate rose to a 26-year high, unsettling previous hopes that the fledgling economic recovery would boost flagging oil demand.
Light, sweet crude for December delivery settled $2.19, or 2.8%, lower at $77.43 a barrel on the New York Mercantile Exchange. This was the... »
Tags: Crude Oil
Posted in Crude Oil | Comments Off
Saturday, November 7th, 2009
Seasonal harvest pressure was brought to bear on cash prices for U.S. corn and soybeans this week, a trend analysts feel is likely to continue, barring a bullish surprise from Tuesday's U.S. Department of Agriculture crop-production report. However, farm-gate prices for wheat appreciated by »
Tags: Corn, Grain, Soybean, wheat
Posted in Grain | Comments Off
Saturday, November 7th, 2009
CBOT soy product futures stumbled in unison with soybean futures. Soymeal was pressured by the potential for increased soybean availability for crushings. Additional weakness was generated from economic woes and worries a bearish economic climate could lead to reduced domestic »
Tags: Soybean, Soymeal, Soyoil
Posted in Market Talk soybean | Comments Off
Saturday, November 7th, 2009
CBOT soybean futures dropped to one-month lows Friday in the face of harvest pressure. A good open window for harvest progress across the corn-belt pressured futures once again, as fresh farmer sales kept futures pinned in negative territory, said Bill Nelson, analyst »
Tags: Soybean
Posted in Soybean | Comments Off
