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Archive for November 26th, 2009

OIL FUTURES: Nymex Crude Slumps In Low Volume Holiday Trading

Thursday, November 26th, 2009

Crude oil futures slumped 2.3% in light-volume electronic trading as the United States financial markets were closed Thursday in celebration of the Thanksgiving holiday. Light, sweet crude for January delivery recently »

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UPDATE: India Min: Late Rains To Help Summer Rice In Uttar Pradesh

Thursday, November 26th, 2009

India's Farm Minister Sharad Pawar Thursday said that procurement of rice, the country's main summer-sown foodgrain, from the grain bowl northern states is likely to be higher than last year, despite drought in the region. »

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UPDATE: India May Extend Ban On Sugar Futures To Cool Prices

Thursday, November 26th, 2009

India, the world's largest sugar consumer, may consider extending the ban on futures trading on the sweetener beyond Dec. 31 to check a surge in prices due to lower production. »

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SW Cameroon Cocoa Shoots Up To XAF1,300-1,320/Kg On High Demand

Thursday, November 26th, 2009

A kilogram of cocoa beans in Cameroon's second main cocoa area shot up to XAF1,300-1,320 ($3.04-3.09) this week from XAF1,150-1,200/kg more than three weeks ago, numerous farmers and traders told Dow Jones Newswires Thursday. »

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ICE Canola Futures Higher As C$ Weakens

Thursday, November 26th, 2009

Canola contracts on the ICE Futures Canada platform were trading at mainly higher levels at 9:25 a.m. EST, with some of the strength being associated with the pull-back in the value of the Canadian dollar, market watchers said. »

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German Sugar Output From Beet 2.582 Mln Tons To Nov 20 -WVZ

Thursday, November 26th, 2009

German sugar output from beet totaled 2.582 million metric tons as of Nov. 20, Wirtschaftliche Vereinigung Zucker said Thursday. The total 2009-10 forecast for sugar output from beet is 4.245 million tons, up from 3.638 million tons a year earlier. »

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India Farm Min: May Consider Extending Ban On Sugar Futures

Thursday, November 26th, 2009

India may consider extending the ban on futures trading on sugar beyond Dec. 31, Sharad Pawar, the federal agriculture and food minister, said Thursday. "Futures trading in sugar is suspended since May 27 and is valid »

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IGC Sees 2010 World Wheat Plantings Down 1.5M Hectares On Yr

Thursday, November 26th, 2009

World wheat plantings are expected to fall slightly on the year in 2010, the International Grains Council said Thursday. The IGC expects world wheat plantings will fall 1.5 million hectares on the year to 222 million hectares in 2010. »

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India Farm Min: Late Rains To Help Summer Rice In Utar Pradesh

Thursday, November 26th, 2009

Late rains in India are likely to boost production of summer-sown rice in the northern state of Uttar Pradesh, Sharad Pawar, the federal farm minister said Thursday. »

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Rotterdam Soybean Prices – Nov 26

Thursday, November 26th, 2009

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

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Rotterdam Soymeal Prices – Nov 26

Thursday, November 26th, 2009

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

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Russia 2009 Grain Harvest To Total 93 Mln Tons -Farm Minister

Thursday, November 26th, 2009

Russia's grain harvest this year will total 93 million tons in clean weight including 58 million tons of wheat, Agriculture Minister Elena Skrynnik said in Moscow Thursday as quoted by the agriculture ministry's press service. »

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OIL FUTURES: Crude Edges Dn On Low Thanksgiving Day Volumes

Thursday, November 26th, 2009

Crude oil futures weakened in London Thursday and amid light volumes on U.S. Thanksgiving Day holiday prices were dragged lower by persistent worries over mounting stockpiles of crude and products. »

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MARKET TALK: EU Wheat Mixed, Quiet On US Holiday

Thursday, November 26th, 2009

European wheat futures trade mixed with currency the main feature as the dollar rebounds from Wednesday's weakness, says London-based broker. Trading volumes are expected to be light today and tomorrow due to the »

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MARKET TALK: India Soyoil Futures End Down On High Stocks

Thursday, November 26th, 2009

India December NCDEX soyoil futures provisionally settles 1.5% lower at INR496.90/10 kg on high edible oil stocks after cheap imports; India's vegetable oil imports 37% higher in marketing year ended Oct. 31 to record 8.66 million metric tons. »

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South Africa Raises 2008/09 Corn Production Forecast – I-Net

Thursday, November 26th, 2009

South Africa's final summer corn production forecast was increased by 309,200 metric tons, or 2.6%, to 12.05 million tons from the previous estimate, the Crop Estimates Committee said Thursday. »

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SOFTS HIGHLIGHTS: Top Stories Of The Day

Thursday, November 26th, 2009

Kraft Foods Inc. (KFT) wants to continue its dialogue with labor representatives for Cadbury PLC's (CBY) workers following an initial meeting Wednesday, a company spokesman told Dow Jones Newswires. »

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