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Thursday, November 12th, 2009
The euro strengthened against the dollar Thursday after the release of better-than-expected U.S. jobless claims, but the common currency remains down on the day against the greenback.
After failing in the past few sessions to »
Tags: Currency, forex
Posted in forex | Comments Off
Thursday, November 12th, 2009
The dollar strengthened against the euro and most of its major rivals in early in New York Thursday as disappointing euro zone economic data led to fresh concerns about the pace of a global recovery.
The mood could change, though, with the 8:30 a.m. EST release »
Tags: Currency, forex
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Thursday, November 12th, 2009
Oil shipments from the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to rise by 180,000 barrels a day in the four weeks to Nov. 28, a tanker tracker said Thursday, as winter demand finally »
Tags: Crude Oil
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Thursday, November 12th, 2009
NEW YORK -- Crude prices slipped below $77 a barrel Thursday after a U.S. government report showed a higher-than-expected increase in oil inventories across the board and a further fall in refinery processing rates.
Light, sweet crude for December delivery »
Tags: Crude Oil
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Thursday, November 12th, 2009
The following is a range of analysts' estimates of export sales for the week ended Nov. 5. The estimates and prior week's actual figures encompass combined sales for all marketing years, unless indicated. Units are in thousand metric »
Tags: Corn, Grain, Soybean, wheat
Posted in Report Export | Comments Off
Thursday, November 12th, 2009
European wheat futures drift sideways lacking clear direction. Egypt's purchase of Russian wheat hasn't helped give the market direction, says UK-based broker. Adds "there's not a lot of consumption or export interest." Market is »
Tags: wheat
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Thursday, November 12th, 2009
Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Thursday it bought 295,000 metric tons of Russian wheat all for $191.37 on a free-on-board basis.
Of the total, GASC bought 60,000 tons from Venus, 60,000 tons »
Tags: wheat
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Thursday, November 12th, 2009
CBOT soybean futures are higher, rebounding from initial losses on speculative led buying. The inability of the market to extend the lower overnight theme, with solid export demand and the absence of harvest pressure, attracted buyers, »
Tags: Soybean
Posted in Market Talk soybean | Comments Off
Thursday, November 12th, 2009
CBOT corn futures are weaker in early trade amid outside market pressure and harvest progress. A stronger dollar and weaker crude oil have set the tone, traders say. "Buyers are going to wait before they do anything," one trader says. Good harvest »
Tags: Corn
Posted in Corn | Comments Off
Thursday, November 12th, 2009
Arid conditions dominated in some sections of the U.S. southern Plains and Desert Southwest last week, expanding dryness by 0.73 percentage point to 26.02% of the contiguous U.S., according to a federal Drought Monitor released Thursday by the U.S. Department of »
Tags: Corn, Grain, Soybean, Weather, wheat
Posted in Grain, Weather | Comments Off
Thursday, November 12th, 2009
Chinese quarantine measures that take effect Nov. 15 will restrict roughly 70% of Canada's canola exports to the country, the Canola Council of Canada said.
On Tuesday, China's General Administration of Quality Supervision, Inspection and Quarantine »
Tags: Canola
Posted in Canola | Comments Off
Thursday, November 12th, 2009
Canola contracts on the ICE Futures Canada platform were trading at mainly lower price levels at 9:45 EST. Much of the downward price movement reflected news that China will still go ahead with plans to implement quarantine measures on canola imports after »
Tags: Canola
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Thursday, November 12th, 2009
Price action this week in December soft red winter wheat futures at the Chicago Board of Trade has reconfirmed prices are in a five-week-old uptrend from the early-October contract low of $4.39 1/4 a bushel.
On Wednesday, December wheat scored »
Tags: wheat
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Thursday, November 12th, 2009
Wheat basis is climbing across the US interior, helping to push farm-gate prices to the highest level seen in several weeks. Cash corn/soybean basis has also begun to stabilize, following a near-collapse earlier in the week.
With average domestic basis »
Tags: Corn, Grain, Soybean, wheat
Posted in Grain | Comments Off
Thursday, November 12th, 2009
Favorable short-term harvest conditions, increasing rain chances during the next week, rain likely in Plains winter wheat areas, continued favorable conditions in Brazil, additional rain chances in Argentina, light showers in South Africa, moderate to heavy precipitation »
Tags: Commodities, Weather
Posted in Commodities, Weather | Comments Off
Thursday, November 12th, 2009
European Union cereal plantings for harvest in 2010 are
expected to fall 1.8% on the year to 56.97 million hectares, Strategie Grains
said in its monthly report published Thursday. »
Tags: Corn, Grain, Soybean, wheat
Posted in Grain | Comments Off
Thursday, November 12th, 2009
Chicago Board of Trade corn futures are expected to open lower Thursday amid harvest progress an strength in the dollar.
Corn is called 6 to 8 cents lower. In overnight trade, December corn was down 8 cents to $3.86 per bushel and March corn was down »
Tags: Corn
Posted in Corn | Comments Off
Thursday, November 12th, 2009
Soybean futures at the Chicago Board of Trade are expected to start Thursday's day session lower pressured by strength in the U.S. dollar and bearish signals from overnight action.
CBOT soybean futures are seen starting 7 cents to »
Tags: Soybean, Soymeal, Soyoil
Posted in Soybean | Comments Off
Thursday, November 12th, 2009
Private exporters reported to the U.S. Department of Agriculture export sales of 116,000 metric tons of soybeans for delivery to China during the 2009-2010 marketing year, the USDA said Thursday.
The 2009-2010 marketing year for soybeans began Sept. 1. »
Tags: Soybean
Posted in Soybean | Comments Off
Thursday, November 12th, 2009
U.S. inventories of crude oil and refined products rose last week as refinery utilization fell below the 80% level for the first time in more than a year, according to data released Thursday by the U.S. Department of Energy. The report was more bearish than analysts expected. »
Tags: Crude Oil
Posted in Crude Oil | Comments Off
