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Archive for November 23rd, 2009

CME Suspends Plans To Alter CBOT Grain, Soy Settlement Rules

Monday, November 23rd, 2009

The CME Group (CME) on Monday suspended plans to alter the settlement procedures for Chicago Board of Trade corn and soy futures following pushback from traders. The new settlement procedures were announced last Tuesday and set to be »

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Ivory Coast Oct Robusta Coffee Exports Triple On year

Monday, November 23rd, 2009

Ivory Coast exported 11,448 metric tons of robusta coffee in October, the first month of the 2009-10 season, up by 7,976 tons, or more than treble, the 3,472 tons shipped in the preceding season, official port data showed Monday. »

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US Wheat Outlook: Up 9-12 Cents As Gold Rises, Dollar Weakens

Monday, November 23rd, 2009

Wheat futures on the Chicago Board of Trade are expected to open 9-12 cents higher Monday as weakness in the U.S. dollar and rising gold prices spur buying across the grain markets. In electronic trading, December wheat »

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US Cash Grain Outlook: More Elevators Posting 10-Buck Bean Bid

Monday, November 23rd, 2009

Inflationary pressures and strong export demand had average elevator bids for spot soybeans soaring above $10 a bushel across the U.S. interior Monday, returning to pre-harvest levels, last seen in early September. »

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ICE Canola Futures Climb Higher On Outside Oilseeds

Monday, November 23rd, 2009

Canola contracts on the ICE Futures Canada platform were trading at mainly higher levels at 9:47 a.m. EST, with strength associated with the advances seen overnight in the outside oilseed markets, industry watchers said. »

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GRAIN HIGHLIGHTS: Top stories Of The Day

Monday, November 23rd, 2009

-Australian wheat futures prices settled higher Friday, supported by a number of influences, Commonwealth Bank of Australia reported Monday. »

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CBOT Soy Outlook: Seen Up On Outside Markets, Demand

Monday, November 23rd, 2009

Supportive outside markets and robust demand are expected to push Chicago Board of Trade soybean futures 15 to 20 cents per bushel higher early Monday after the market climbed overnight. In overnight electronic trading, January soybeans »

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CBOT Corn Outlook: Seen Up On Follow-Through, Weak Dollar

Monday, November 23rd, 2009

Chicago Board of Trade corn futures are poised to start firmer Monday on supportive signals from outside markets and follow-through buying from the overnight trading session. December corn is called to open 4 to 7 cents per bushel higher. In overnight »

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Commodities Market Impact Weather: Midwest Showers This Week

Monday, November 23rd, 2009

Midwest showers this week, generally favorable Delta and Southern Plains conditions, flooding rains in southern Brazil, variable rains in Brazil, wet conditions in South Africa, and a drier trend in central China are the main weather »

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MARKET TALK: Managed Money Expands CBOT Soybean Longs – CFTC

Monday, November 23rd, 2009

Money managers and non-commercial speculative funds increased their net long positions in CBOT soybeans, the CFTC says. Managed money was net long 89,842 contracts in soybean futures and options as of Nov. 17, up from »

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Ukraine Exports 10.4 Million Tons Grain To Nov 19

Monday, November 23rd, 2009

Ukraine exported 10.4 million metric tons of grain between the beginning of the current marketing year July 1 and Nov. 19, 4.5% more than in the corresponding period in 2008, the agriculture ministry reported Monday. »

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WORLD FOREX: Euro Hovers Near $1.50 As Risk Is Back On

Monday, November 23rd, 2009

The euro advanced Monday, hovering near the $1.50 level in New York trading as comments from a Federal Reserve official hurt demand for the greenback. The remarks helped spur a broad rally in global stocks, oil, gold and higher-yielding »

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Ivory Coast Oct Cocoa Product Exports Up 2.7% On Yr – Port

Monday, November 23rd, 2009

Ivory Coast exported 29,143 metric tons of semi-manufactured cocoa products in October, the first month of the 2009-10 season, up by 754 tons, or 2.7% on the 28,389 tons shipped in the same period last season, official port data »

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Ivory Coast October Cocoa Bean Exports Doubled On Year -ports

Monday, November 23rd, 2009

Ivory Coast exported 51,667 metric tons of cocoa beans in October 2009, the first month of the 2009-10 season, up 28,110 tons on the 23,557 tons shipped in the preceding season, official port data showed Monday. »

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MARKET TALK: Money Managers Shed Longs In Ice Coffee

Monday, November 23rd, 2009

Managed money accounts subtracted 11,868 longs from ICE coffee futures and options in the week ended Nov. 17, cutting their net-long position to 22,056 lots from 33,653 the previous week, the CFTC's disaggregated commitments »

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MARKET TALK: CBOT Grains, Soybean Rise Overnight

Monday, November 23rd, 2009

CBOT grain and soybean futures rose in overnight electronic trading, with soybeans leading the upside. Outside markets look supportive, as the U.S. dollar is weakening as gold and crude oil prices are climbing, a CBOT floor analyst »

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MARKET TALK: EU Wheat Slightly Higher On Rising Oil, Equities

Monday, November 23rd, 2009

EU wheat futures are slightly higher, taking their cue from rising oil and equity markets rather than fundamentals, says a London-based trader. "There is little or no trade in the UK. Farmers are still selling at a loss." UK farmers are »

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Rotterdam Soymeal Prices – Nov 23

Monday, November 23rd, 2009

Lowest known offers at 1315 local time in U.S. dollars a metric ton as quoted by European traders. »

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MARKET TALK: ICE Coffee Higher; Weak Dollar, Commodity Buying

Monday, November 23rd, 2009

ICE arabica coffee futures are higher Monday, boosted by technical buying off Friday's lows, a weak U.S. dollar versus its rivals and commodity index buying. An expected higher open on Wall Street is also constructive for prices, a »

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