Almost two months into the new 2009-10 coffee harvest in Honduras no fresh beans have been registered as picking was falling behind schedule for a crop now considered to be "even slower" than expected, the Honduran Coffee Institute, or Ihcafe, said Friday. »
CHICAGO -- Strong export demand and investor buying lifted soybean futures at the Chicago Board of Trade. CBOT January soybeans ended seven cents higher at $10.46, and March soybeans settled 5.50 cents higher at $10.5025. On the week, January soybeans gained 6%. »
The U.S. cash corn market stagnated, even as domestic soybean prices scored 2 1/2 month highs this week. Farm-gate wheat prices also built up solid gains, highlighted by a leap of 5% in the value of soft red winter varieties. Averaging about $9.85 per bushel, national elevator bids for soybeans soared 60... »
Palm oil was offered $5 to $12.50 a tonne up from Thursday after Malaysian palm oil futures closed between 33 and 49 ringgit per tonne higher on good exports. April/June RBD palm olein traded unchanged from Thursday at $747.50 a tonne fob Malaysia. »
Physical trading continued at modest pace this week in the Mexican cash grain markets with some buying reported in the new Bajio white corn crop but limited purchases in the import market, traders and importers said Friday. They said that although a more stable peso supported purchasing »
The onset of the driving season next spring could kick some life into demand if the U.S. economy keeps recovering. But with current gross domestic product levels at 2006 levels strong recovery is not likely until at 2010 or even 2011. »
Argentina's Agriculture Ministry released its first crop forecasts since February on Friday, confirming private estimates which see record soybean planting and sharp reductions in corn and wheat area. The Ministry pegged Argentina's 2009-10 soy area at a record 18.5 million hectares, »
The dollar advanced against the euro and most other rivals Friday as U.S. stocks stayed in the red and investors shied from taking new positions ahead of the shortened U.S. Thanksgiving holiday week. Currencies remained trapped within recent trading ranges, with decreased tolerance »
U.S. grain industry participants have expressed concerns to federal regulators about CME Group's (CME) complicated proposal to narrow a problematic gap between Chicago Board of Trade wheat futures and cash prices »
Strong export demand and investment buying lifted soybean futures at the Chicago Board of Trade soybean futures Friday. CBOT January soybeans ended 7 cents higher at $10.46, and March soybeans settled 5 1/2 cents higher at $10.50 1/4. On the week, January soybeans gained 6%. »
The USDA said on Friday private U.S. exporters had reported the sale of 734,000 tonnes of U.S. corn to Mexico. It said 458,750 tonnes were for delivery in the 2009/10 season that began Sept. 1 and the balance in the 2010/11 period. »
Chicago Board of Trade rice futures on Friday gave back Thursday's gains and closed lower with other grain markets ahead of the weekend. January rice finished down 11 cents at $15.17 per hundredweight. March rice lost 11 cents to close at $15.42. »
