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Archive for December 1st, 2009

MARKET TALK: US Wheat Rises On Follow-Through Buying

Tuesday, December 1st, 2009

U.S. wheat futures are rising on follow-through and technical buying after a rally Monday, traders say. Strength in outside markets and weakness in the U.S. dollar offer background support, they say. »

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MARKET TALK: ICE Sugar Rises Slightly, But Still In Range

Tuesday, December 1st, 2009

ICE world raw sugar futures trade higher but continue in a sideways, inside day pattern on the daily chart. Mar sugar is 21 points higher at 22.85 cents and is bound between a 22.68 and 22.96 cent range. »

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Locust Attack Argentina Wheat, But Overall Impact Limited

Tuesday, December 1st, 2009

An outbreak of locusts in Argentina has sparked worries of widespread damage to the 2009-10 wheat crop, but the pests are concentrated in areas where the wheat is already in miserable condition and additional losses are likely to be limited. »

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MARKET TALK: ICE Cocoa Rises On Weak Dollar, Firm Commodities

Tuesday, December 1st, 2009

ICE cocoa is climbing with support from fund buying on the weaker U.S. dollar and general commodities strength. Most-active March cocoa is up $65 at $3,324 a metric ton and nearby Dec is $61 higher »

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EPA Delays Ethanol Decision, But Rises Industry Hopes

Tuesday, December 1st, 2009

The U.S. Environmental Protection Agency said Tuesday it would delay until mid-2010 a decision on whether to increase the amount of ethanol added to ordinary gasoline, putting off a ruling with consequences for farm states and »

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ICE Canola Futures Up In Choppy Trade

Tuesday, December 1st, 2009

rain and oilseed futures at the ICE Canada Futures market were a bit higher at 9:45 a.m. EST Tuesday with canola supported by the firm tone in international vegetable oil markets, brokers said. »

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MARKET TALK: Managed Money Add Length In CBOT Soybeans

Tuesday, December 1st, 2009

The managed money category added 15,357 long CBOT soybean positions in the week ended Nov. 24. That's according to Friday's disaggregated combined futures and options commitments of traders report from the »

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US Cash Grain Outlook: Rally And Good Harvest Weather Continue

Tuesday, December 1st, 2009

US cash grain markets were extending November's big price-rally again Tuesday, stepping into December with broad basis gains and firm futures again overnight. National-average spot elevator bids currently reside at 5 1/2 month highs »

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South Africa Wkly White Corn Exports Up At 36,469 Tons -I-Net

Tuesday, December 1st, 2009

Weekly exports of white corn from South Africa rose to 36,469 metric tons last week from 11,939 tons the week before, the South African Grain Information Service said Tuesday. Exports of yellow corn increased to 7,538 tons from 2,935 tons »

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WORLD FOREX: Dollar Retreats As Market Sentiment Improves

Tuesday, December 1st, 2009

The dollar remained down against the euro Tuesday morning as a steady drip of positive global economic data and easing concern over the Dubai debt crisis helped swing investor sentiment in favor of riskier assets. »

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South Africa Grains: Corn Flat As Market Eyes Weather – I-Net

Tuesday, December 1st, 2009

South African white corn futures ended relatively flat Tuesday in what one trader said was the market eyeing the weather for further direction. The December corn contract rose 6 rand to ZAR1,575, the March contract was »

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US Wheat Outlook: Seen Starting Mixed, Following Overnight

Tuesday, December 1st, 2009

U.S. wheat futures are poised to start mixed Tuesday, with prices expected to be effected by the flow of fund money and activity in neighboring and outside markets, analysts said. In overnight electronic trading, Chicago Board of Trade »

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Commodities Market Impact Weather: Variable Midwest Outlook

Tuesday, December 1st, 2009

A variable Midwest outlook, mostly favorable conditions in Brazil, shower prospects in Argentina, and beneficial trends for South Africa are the main weather items for the commodity trade's attention Tuesday. »

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CBOT Soy Outlook: Up; Following Overnight Theme, Dollar Weakness

Tuesday, December 1st, 2009

Soybean futures on the Chicago Board of Trade are expected to start Tuesday's day session on firm footing, following the overnight theme on support from a weak dollar. CBOT soybean futures are seen starting 7 to 10 cents higher. »

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MARKET TALK: Managed Money Trims ICE Coffee Length

Tuesday, December 1st, 2009

Money managers reduced their net long ICE coffee futures and options position to 20,677 lots in the week to Nov. 24, down from 22,056 lots net long the week before. Disaggregated CFTC data shows these accounts cut 2,083 longs and 705 short »

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OIL FUTURES:Crude Up On Weak Dollar, Dubai Debt Concerns Ease

Tuesday, December 1st, 2009

Crude futures rose Tuesday as details of Dubai World's plans to restructure its debt lured investors out of the dollar and back into the oil market. Light, sweet crude for January delivery »

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German Sugar Output From Beet 2.838 Mln Tons To Nov 27 – WVZ

Tuesday, December 1st, 2009

German sugar output from beet totaled 2.838 million metric tons as of Nov. 27, Wirtschaftliche Vereinigung Zucker said Tuesday. The total 2009-2010 forecast for sugar output from beet is 4.245 million tons, up from »

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MARKET TALK: Managed Money Scales Back ICE Sugar Net Long

Tuesday, December 1st, 2009

Managed-money accounts scaled back their net long position in ICE sugar during the week to Nov. 24. These accounts stood net long by 113,185 lots for futures and options combined, down from 113,748 the week before. »

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CBOT Corn Outlook: Seen Opening Mixed, Watching Technicals

Tuesday, December 1st, 2009

Chicago Board of Trade corn futures are expected to start mixed Tuesday and may extend recent gains on supportive outside markets and technical buying, traders said. In overnight electronic trading, March corn edged up »

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