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Archive for November 30th, 2009

Cameroon Pushing For More Local Cocoa Processing, Consumption

Monday, November 30th, 2009

The Cameroon government is campaigning for more cocoa beans to be processed andconsumed locally, Minister of Trade Luc Magloire Mbarga Atangana said Monday. "We're in talks with the key actors in the cocoa business to see how they can »

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Estimates Remain Varied For Brazilian 2010-11 Coffee ceop

Monday, November 30th, 2009

Government and industry estimates for the size of Brazil's coming 2010-11 cyclically larger coffee crop remain varied. While the Brazilian government has provisionally earmarked the 2010-11 crop at »

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OIL FUTURES: Crude Up On Weaker Dollar, Higher Stock Markets

Monday, November 30th, 2009

Crude futures are higher Monday on a weaker dollar and rising equities, overturning earlier losses as concerns ease over the Dubai World debt crisis. Light, sweet crude for January delivery recently traded 32 cents, or 0.4%, higher at $76.37 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded... »

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South Africa Grains: Corn Follows Chicago Higher – I-Net

Monday, November 30th, 2009

South African white corn futures ended higher Monday, taking direction from firmer prices on the Chicago Board of Trade. The December corn contract was up 19 rand at ZAR1,569, the March contract rose »

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ICE Canola Futures Ease On Poor Demand, Strong Canadian Dollar

Monday, November 30th, 2009

Canola contracts on the ICE Futures Canada platform were trading at mainly lower levels at 9:42 EST. A drop off in demand helped to spark some light selling interest in canola with an upturn in the value of the Canadian dollar »

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US Cash Grain Outlook: November Proves Positive For prices

Monday, November 30th, 2009

American farmers may be a bit reluctant to turn the calendar page Tuesday, after watching cash grain prices rise throughout the month of November. National-average elevator bids have improved by nearly 22 cents a bushel for »

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Commodities Market Impact Weather: Mixed Midwest Conditions

Monday, November 30th, 2009

Mixed Midwest conditions, variable trends in Brazil, drier in Argentina, and a weakening shower pattern for South Africa are the main weather items for the commodity trade's attention Monday. »

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CBOT Corn Outlook: Mixed, Follow Overnight, Eyes Outside Markets

Monday, November 30th, 2009

Corn futures on the Chicago Board of Trade are poised for a mixed start based on overnight themes, with traders eyeing outside markets for clues to direction. Analysts expect corn to open mixed. In overnight electronic trading »

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OIL FUTURES: Crude lower; Dubai Debt Concerns Linger

Monday, November 30th, 2009

Crude futures are lower Monday, as concerns over the Dubai World debt crisis and its effect on the economy still linger. Light, sweet crude for January delivery recently traded 75 cents, or 1%, lower at $75.32 a barrel on the New York Mercantile »

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WORLD FOREX: Dollar Pares Losses As Dubai Debt Fears Remain

Monday, November 30th, 2009

The dollar recovered some of its earlier losses Monday morning in New York as investors continue to fret over Dubai's debt crisis despite the United Arab Emirates' move to provide funds to local banks. »

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US Wheat Outlook: 5-7 Cents Higher On Weak Dollar

Monday, November 30th, 2009

Wheat futures on the Chicago Board of Trade are expected to open 5 cents to 7 cents higher Monday on speculation weakness in the U.S. dollar will boost lagging exports. In electronic trading, December wheat was up 7 1/4 cents at $5.56 a bushel and »

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CBOT Soy Outlook: Up 6-8c On Dollar, Underlying Demand

Monday, November 30th, 2009

Chicago Board of Trade soybean futures are expected to start Monday's day session higher, following the overnight theme with a lower U.S. dollar and underlying demand-supportive features. CBOT soybean futures are seen starting 6 cents to 8 cents higher. »

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WORLD FOREX: Euro’s Rally Fizzles As Dubai Debt Fears Linger

Monday, November 30th, 2009

The euro's overnight rally on the dollar lost steam early Monday in New York as the United Arab Emirates' move to inject liquidity into local banks failed to quell fears over Dubai's debt crisis, which capped the appetite for riskier assets. »

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WORLD FOREX:Dollar Down As Immediate Fears Over Dubai Recede

Monday, November 30th, 2009

The dollar was knocked back down again in Europe Monday as immediate fears about Dubai's debt problems receded. News that the central bank of the United Arab Emirates will provide liquidity to both local and foreign »

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GRAIN HIGHLIGHTS: Top Stories Of The Day

Monday, November 30th, 2009

A harvest of winter grains including wheat in southeastern Australia was disrupted over the weekend by rain, Commonwealth Bank of Australia reported Monday. »

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Ivorian 09-10 Cocoa Export Declarations Down 20% On Yr

Monday, November 30th, 2009

From the Oct. 1 start of the 2009-10 season to Nov. 25 Ivory Coast's shippers and cocoa processors declared 142,432 metric tons of cocoa for export, down 35,725 tons, or 20%, on the 178,157 tons declared in the same period last season, »

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MARKET TALK: CBOT Dec Soyoil Deliveries Total 2,826 Lots

Monday, November 30th, 2009

CBOT December soyoil deliveries totaled 2,826 lots. The house account at Rosenthal stopped 1,067 lots while customer accounts at Rosenthal stopped 909 lots. The house account at Tenco stopped 411 lots. The last »

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MARKET TALK: ICE Cocoa Firms; Eyes Dollar, Outside Markets

Monday, November 30th, 2009

ICE cocoa futures are modestly stronger in back-and-forth, low-volume trading. Most-active March cocoa is up $13 at $3,285 a metric ton and the Dec contract is $20 higher at $3,252. Cocoa is looking for direction from the U.S. dollar »

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MARKET TALK: CBOT Grain, Soybeans End Mixed In Overnight Trade

Monday, November 30th, 2009

CBOT grain and soybean futures were mixed in overnight trade. Soybeans and wheat climbed on technical buying, with weakness in the U.S. dollar aiding the advances, analysts said. »

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