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Archive for November 9th, 2009

European Veg Oil PM Palm & Lauric Oil Prices – Nov 9

Monday, November 9th, 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 – Nov 9

Monday, November 9th, 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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FO Licht Revises UP 09-10 World Wheat Output To 666.69M Tons

Monday, November 9th, 2009

World 2009-10 wheat production is revised up to 666.69 million metric tons, from the October estimate of 663.37 million tons, Germany-based analytical firm F.O. Licht said Monday. This is a fall of 2.6% on the year. European Union 2009-10 wheat production was revised up 830,000 tons on »

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MARKET TALK: CBOT Soy Futures Bounce; Outside Market Support

Monday, November 9th, 2009

CBOT soy futures started Monday's day session on firm footing, buoyed by supportive outside market influences. Weakness in the U.S. dollar index, higher crude oil, metals and equity markets are providing strength for soy prices, analysts say. Short-covering »

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MARKET TALK: ICE Cocoa Weakens, Hit New 3-Week Low

Monday, November 9th, 2009

ICE Dec cocoa futures are lower, falling to new three-week lows as bears resume control of the market. Cocoa futures are down despite the weak U.S. dollar against sterling and buying in the commodity indexes. Decreased concerns over the »

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MARKET TALK: CBOT Corn Starts Higher On Outside Support

Monday, November 9th, 2009

CBOT corn futures are stronger on follow-through buying from the overnight and support from the soft U.S. dollar and climbing crude oil, an analyst says. Traders are waiting for the USDA to issue fresh production and ending stocks »

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ICO: World 2009-2010 Coffee Output Could Fall On Year

Monday, November 9th, 2009

World 2009-10 coffee production may fall below 2008-09's estimated output of 128.1 million 60-kilogram bags, due to adverse weather in Brazil and Vietnam, the International Coffee Organization said Monday. Heavy rain in Brazil, the world's largest »

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US Grain, Soybean Export Inspections Estimates – Nov 9

Monday, November 9th, 2009

Estimates for the week ended Thursday, November 5, in million bushels. The U.S. Department of Agriculture report is scheduled for release at 11 a.m. EST (1600 GMT) Monday. Actuals are subject to revision by the USDA. Source: Chicago Board of Trade traders. »

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MARKET TALK: US Rice Crop To Drop, But Not In Tuesday Report

Monday, November 9th, 2009

The U.S. long-grain rice crop will be down sharply at 140 million hundredweight, The Rice Trader says. President Jeremy Zwinger says such a reduction would be "extremely bullish" but says that the USDA's October estimate of 154.2 million hundredweight »

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UPDATE: OIL FUTURES: Crude Up On Ida Storm Concerns; Dollar

Monday, November 9th, 2009

Crude futures rose above $79 a barrel Monday on concerns about the threat Tropical Storm Ida poses to U.S. oil and gas production facilities in the Gulf of Mexico. A weakening in the dollar also supported prices. Light, sweet crude for December »

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MARKET TALK: ICE Sugar Gives Back Again As Long Exit

Monday, November 9th, 2009

Sugar is near steady on ICE Futures U.S., unable to hang onto early gains. The pullback is due to liquidation as some traders sell in order to exit long positions, says Boyd Cruel, senior softs analyst with Vision Financial Markets. "The market »

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MARKET TALK: Spec Funds Maintain CBOT Wheat Short Position

Monday, November 9th, 2009

Non-commercial speculative funds sustained their short position in CBOT wheat futures and options, the CFTC says. The funds were net short 33,477 contracts as of Nov. 3, compared to 33,009 contracts a week earlier, according to a supplemental report. »

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US Cash Grain Outlook: USDA Crop Report Looms

Monday, November 9th, 2009

The approach of an important government crop report drew the attention of those involved in U.S. cash grain trade Monday. "This week's trade will be heavily influenced by tomorrow's supply and demand numbers," said MaxYield commodity »

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ICE Canola Futures Drop On Strong C$

Monday, November 9th, 2009

Canola contracts on the ICE Futures Canada platform were trading at significantly lower price levels at 9:47 a.m. EST. Much of the selling that surfaced was attributed to the renewed strength in the Canadian dollar, market watchers said. Fall out from the Group of 20 economic »

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USDA Report: Recap November Crop Production

Monday, November 9th, 2009

The following table is provided as a service to Dow Jones Newswires subscribers in conjunction with the U.S. Department of Agriculture's November crop production and supply and demand report. The report is scheduled for release at 8:30 a.m. EST (1330 GMT) Tuesday. »

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Main Cocoa Harvest Well Underway In SW Nigeria – Traders, Official

Monday, November 9th, 2009

Largescale harvesting of the 2009-10 main cocoa (September-January) is underway in southwestern Nigeria following the end of the rainy season, traders and a cocoa official said Monday. The big cocoa harvest has begun in the southwest. We will see a lot of cocoa in »

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GRAIN HIGHLIGHTS: Top Stories Of The Day

Monday, November 9th, 2009

About a quarter of a harvest of new winter crops including wheat in eastern Australia has been completed, and as with last year, growers are choosing to warehouse their crops and consider their options rather than sell immediately, GrainCorp Ltd.'s (GNC.AU) Corporate Affairs Manager David »

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OIL FUTURES: Crude Higher On Concerns Over Hurricane Ida

Monday, November 9th, 2009

Crude futures rose above $79 a barrel Monday on concerns about the threat Hurricane Ida poses to U.S. oil and gas production facilities in the Gulf of Mexico. A weakening in the dollar was also supportive to prices. Light, sweet »

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Govt: Brazil’s Biodiesel Production Faces Bottlenecks – Estado

Monday, November 9th, 2009

The Brazilian government said that the tight supply of raw materials, principally soyoil, is the main bottleneck for the country's biodiesel production, local news service Estado reported on Monday. Although Brazilian agricultural »

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Commodities Market Impact Weather: Mostly Dry Central U.S.

Monday, November 9th, 2009

Mostly dry central U.S. conditions, concern about hurricane-related rain in the Gulf of Mexico, a more-favorable trend for winter wheat, moderate to heavy weekend rain in Brazil, only scattered rainfall in Argentina, continued showers »

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