December soyoil futures at the Chicago Board of Trade are presently trading in a choppy six-week-old uptrend on the daily bar chart. Prices have backed down from the October high of 38.76 cents a pound, but the uptrend has held nonetheless. »
CBOT soybean futures stumbled out of the starting gate, backpedaling on bearish USDA data that showed increased breathing room in the 2009-10 balance sheet on higher production and yield estimates, analyst said. »
Brazil's Minister of Mines and Energy confirmed Tuesday that the government is still assessing a cut in the mandated blend of anhydrous ethanol in Brazilian gasoline, local news service Estado reported. "We are evaluating . A fall from 25% to 20% is a possibility," »
U.S. wheat futures are giving back Monday's gains after the USDA hiked estimates for U.S. and world carryover, an analyst says. The USDA cut is estimate for U.S. wheat exports by 25 million bushels from last month to »
ICE Dec cocoa futures are lower, though traders have pared the session's steepest losses as the U.S. dollar gives up much of its initial strength. Many traders remain focused on the technicals, however, as the market »
CBOT corn futures have quickly reversed course after climbing on the open, and are down slightly amid pressure from soybeans, traders say. Tuesday's USDA »
Coffee farms in El Salvador's key eastern producing region have escaped the worst damage from flooding and mudslides that has left at least 132 people dead in the tiny Central American country, an official at the Salvadoran Coffee Council said Tuesday. »
ICE sugar has turned sharply lower in technically oriented trading, says Ron Coby, CTA with Coby Lamson Capital Management. "It looks like sugar is putting in a top," he says. "It is making a series of lower high »
Brazil's Congress should approve a new regulatory framework for the oil and natural gas sectors by the start of 2010, Mines and Energy Minister Edison Lobao said Tuesday. Quoted by the local Estado news agency, Lobao said that "I have hope the voting »
Iraqi lawmakers will continue to question Oil Minister Hussein al-Shahristani Wednesday after completing a first session Tuesday, an Iraqi lawmaker has said. "The questioning hasn't yet completed and we have decided to postpone »
The dollar held a firmer tone against most major rivals Tuesday morning, with demand for riskier assets waning as investors reassessed the day-earlier slide for the greenback. Higher-yielding currencies, along with stocks and commodities »
The euro traded in a tight range against the dollar in early Tuesday trading, rebounding from an overnight decline on a weaker-than-forecast gauge of economic expectations in Germany that had revived concerns about »
Fitch's warning that the U.K. is the major economy most at risk from losing its AAA rating knocked the pound lower and helped the dollar to stage a small rally in Europe Tuesday. However, reaction is proving short-lived and the dollar looks set to »
Farmers in Cameroon's second key cocoa area the Center Region are receiving XAF1,280-1,325 ($2.98-3.08) per kilogram of beans, a near 20-year high, farmers and traders there told Dow Jones Newswires Tuesday. These prices were dramatically up from the already high XAF1,200-1,165 at »
Sugar futures on ICE Futures U.S. are modestly higher in technically oriented trading, says Jimmy Tintle, analyst with Transworld Futures. March sugar is up 3 points to 22.44 cents a pound. "It's a technical bounce," Tintle »
Economists at the USDA turned bullish on the cash grain market Tuesday, forecasting higher season-average farm-gate prices for all commodities, except wheat. The agency raised its mid-point estimate of prices on the farm-level by 15 cents »
Canola contracts on the ICE Futures Canada platform were trading at mainly lower price levels at 9:50 EST. Declines in canola reflected the losses posted in the outside oilseed markets as well as the larger than anticipated US soybean crop, market watchers said. »
South African white corn futures ended lower Tuesday, pressured by a stronger rand. "We ended down, it was because of pressure from the rand," a trader said. The November corn contract was down 10 rand at ZAR1,460 a metric ton, the »
U.S. 2009 soybean production is expected reach a record high 3.32 billion bushels, as the U.S. Department of Agriculture on Tuesday raised its crop size and yield estimates. In its monthly crop production report, the USDA said the 2009 crop estimate is »
World 2009-10 wheat production is revised up to 678 million metric tons, although the forecast crop size is 0.5% lower on the year, the United Nation's Food and Agriculture Organization said Tuesday. »
