March soft red winter wheat futures are presently in a choppy, two-month-old uptrend on the daily bar chart. However, stiff technical resistance lies overhead, at the November high of $6.04 3/4 a bushel. A close above that »
U.S. crude and gasoline inventories rose more than analysts expected in the week ended Nov. 27, according to data released Wednesday by the U.S. Department of Energy. Crude oil stockpiles rose 2.091 million barrels »
US crude oil stocks rose 2.1 mln bbls, more than expected, while gasoline stocks rose a larger-than-forecast 4 mln bbls and distillate stocks dropped 1.2 mln bbls in the week ended Nov 27, EIA data show. »
Thousands of Barrels a Day Except Where Noted. »
Stocks In Millions of Barrels »
Grain and oilseed futures at the ICE Canada Futures market were lower at 9:40 EDT Wednesday as a soft tone in international oilseed markets and sluggish demand undermined the market, traders said. »
Crude oil futures weakened Wednesday morning ahead of the release of U.S. petroleum inventory data, which is expected to show rising crude oil stockpiles. Light, sweet crude for January delivery »
The dollar is modestly higher Wednesday morning as it shakes off earlier weakness against risk-oriented currencies in cautious and constrained trading. The dollar has strengthened against the yen as the Japanese »
The dollar is higher against the yen but modestly lower against most other major currencies Wednesday as a positive tone on risk remains in place. The currency market is pausing after recent »
Eastern Midwest showers, favorable crop weather in the southern Plains, generally beneficial trends in Brazil, slightly drier in Argentina, and periods of showers for South Africa are the main weather items for the commodity trade's attention Wednesday. »
Cash corn basis has been in retreat lately, losing nearly 10 cents a bushel across the nation during the past 4 weeks. "Corn basis continued to sell-off slightly this week, while soybean basis was mostly »
Cameroon's state-run Cocoa Development Authority, known as Sodecao, is to invest 6 billion CFA francs ($13.5 million) to open 5,000 hectares of new cocoa farms in 2010, its senior official said Wednesday. »
Chicago Board of Trade soybean futures are expected to start Wednesday's day session lower, unde pressure from profit-taking on prior gains amid the absence of fresh supportive news. »
Inflows into a little-known Canadian gold fund are outstripping the other exchange-traded funds, demonstrating that the precious metal's allure continues to attract new dollar-cautious investors. »
U.S. wheat futures are poised to start weaker Wednesday after slipping overnight, with a lack of support seen from neighboring and outside markets, traders said. Chicago Board of Trade March wheat is called to open 1 to 2 cents per bushel lower. »
Chicago Board of Trade corn futures are expected to open slightly lower Wednesday amid a lack of supportive fundamental news and follow-through weakness. Corn is called 1 cent to 2 cents lower. In overnight trade, December corn was down 1 »
Gold's bull run may be slowed by declining physical gold buying and rising scrap sales, says Standard Bank. "For the first time since gold jumped from $1,050 to $1,100 in early November, we are seeing less buying interest in the physical »
CBOT Dec soyoil deliveries totaled 775 lots. Customer accounts at ADM Investor Services and Man Professional Clearing issued 310 and 239 lots respectively. A customer account at Man Professional Clearing stopped 402 lots. »
Canada's grain and oilseed crops are likely larger than originally thought, which will prompt Statistics Canada to raise its estimates this week, market participants say. »
CBOT grain and soybean futures were slightly lower overnight following Tuesday's slump. A modestly higher dollar and weaker crude oil weighed on prices overnight, analysts said, although those markets appear mixed Wednesday morning. »
