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Archive for November 24th, 2009

European Veg Oil PM Soft Oil Prices – Nov 24

Tuesday, November 24th, 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 Palm & Lauric Oil Prices -Nov 24

Tuesday, November 24th, 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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WORLD FOREX: Dollar Gets Slight Edge Vs Euro As Stocks Slip

Tuesday, November 24th, 2009

The dollar and euro jockeyed for position Tuesday, with the greenback gaining a slight advantage late morning in New York as U.S. stocks and most commodities remained down on the day. Currency market fluctuations mimicked »

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MARKET TALK: CBOT Soy Backpedal With Other Markets

Tuesday, November 24th, 2009

CBOT soybean futures have returned to negative territory, retreating from an earlier bounce in prices. Profit-taking on prior gains, technical weakness attributed to the Jan contract's inability to push »

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OIL FUTURES: Crude Drops On Inventory Worries, Equities’ Fall

Tuesday, November 24th, 2009

Crude futures are lower Tuesday due to ongoing concerns about high U.S. oil inventories and following a decline in equity markets. Light, sweet crude oil for January delivery recently »

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WORLD FOREX: Euro Holds Overnight Gains Despite Revised GDP

Tuesday, November 24th, 2009

The euro was slightly higher against the dollar in choppy morning trading Tuesday, shaking off news the U.S. economy had not grown as fast as previously reported. The common currency is holding onto its overnight »

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ICE Canola Futures Mostly Up, Weak C$ Supportive

Tuesday, November 24th, 2009

Canola contracts on the ICE Futures Canada platform were trading at mostly higher levels at 9:42 a.m. EST, with strength associated with the pullback in the value of the Canadian dollar, market watchers said. »

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Manitoba Grain, Oilseed Harvest Wraps Up – Govt

Tuesday, November 24th, 2009

Manitoba farmers are nearly finished with this year's harvest, with only a few corn and sunflower fields left, the Manitoba Agriculture, Food and Rural Initiatives department said in its final crop report of the season. »

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US Cash Grain Outlook: Farmgate Corn, Wheat Prices Slumping

Tuesday, November 24th, 2009

Cash corn and wheat bids languished at 1 1/2 to 2 1/2 week lows on the U.S. grain market Tuesday, as heavy basis put even more price pressure on sagging futures market. »

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Commodities Market Impact Weather: More Midwest Rain

Tuesday, November 24th, 2009

More Midwest rain, generally favorable trends in the Delta and Southern Plains, very heavy rain in southern Brazil, scattered rains in Argentina, above-normal rain in »

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CBOT Corn Outlook: Seen Lower On Follow-Through Selling

Tuesday, November 24th, 2009

Chicago Board of Trade corn futures are expected to start 1 cent to 3 cents per bushel lower Tuesday on follow-through selling from a weak close Monday. In overnight electronic trading »

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Central Cameroon Farmers Hoarding Cocoa Despite Price Rise

Tuesday, November 24th, 2009

Cocoa trade in Cameroon's second-biggest cultivation locality remains depressed as thousands of farmers are still reluctant to sell their harvests, although prices paid by traders have risen, farmers and traders there said Tuesday. »

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CBOT Soy Outlook: Down 2-4c On Profit-Taking Pressure

Tuesday, November 24th, 2009

Soybean futures at the Chicago Board of Trade are expected to start Tuesday's day session lower, following the overnight theme, with profit taking from prior gains ahead of the holiday featured. »

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GRAIN HIGHLIGHTS: Top Stories Of The Day

Tuesday, November 24th, 2009

Bunge Limited (BG) has signed an agreement to buy Brazilian privately held sugarcane company Moema, the local Estado newswire reported after market hours on Monday. »

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US Wheat Outlook: CBOT Seen Down 1-2 Cents On Heavy Supplies

Tuesday, November 24th, 2009

Wheat futures on the Chicago Board of Trade are expected to open 1-2 cents lower Tuesday as heavy supplies overhang the market. In electronic trading, December wheat was down 1 cent to $5.56 1/4 a bushel, and March »

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OIL FUTURES: Nymex Crude Flat In Pre-Holiday Trading

Tuesday, November 24th, 2009

Crude futures were nearly flat Tuesday, heading into the Thanksgiving holiday close to the center of a narrow trading range that's held for about a month. Light, sweet crude for December delivery recently »

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Brazil Center-South Cane Crush At 471.5M Tons As Of Nov 16 – Unica

Tuesday, November 24th, 2009

Brazil's center-south 2009-10 sugar cane crush was 471.5 million metric tons as of Nov. 16, the Sugarcane Industries Association, or Unica, said Tuesday. The crush volume was »

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MARKET TALK: ICE Sugar Firms, Awaiting Brazil Data

Tuesday, November 24th, 2009

ICE March sugar futures are firmer, as the market rebounds modestly from Monday's sharp sell-off. Traders are awaiting the latest data from Brazil. Unica, the Brazilian sugarcane association, is scheduled to »

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