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Archive for December 7th, 2009

MARKET TALK: Funds Increase ICE Sugar Exposure -CFTC

Monday, December 7th, 2009

Large non-commercial accounts, generally considered to be the funds, added 6,712 longs to ICE sugar futures in the week to Dec. 1, increasing their »

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US Grain, Soybean Export Inspections Estimates – Dec 7

Monday, December 7th, 2009

Estimates for the week ended Thursday, Dec. 3, in million bushels. The U.S. Department of Agriculture report is scheduled for release at 11 a.m. »

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Brazil Conab To Issue New 2009-10 Soy Crop Estimate On Tues

Monday, December 7th, 2009

Brazil's National Commodities Supply Corp., or Conab, said Monday it will release its third official estimate of the 2009-10 soy crop Tuesday. »

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South Africa Grains: Corn Futures Up On Weather – I-Net

Monday, December 7th, 2009

South African white corn futures ended firmer Monday despite weaker Chicago Board of Trade prices. "The market moved on news that farmers are »

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ICE Canola Futures Up On Slow Farmer Sales

Monday, December 7th, 2009

Canola contracts on the ICE Futures Canada platform were trading at mainly higher levels at 9:55 a.m. EST. Much of the upward price action was linked to »

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Commodities Market Impact Weather: Central US Winter Storm

Monday, December 7th, 2009

Winter storm prospects for the central U.S., snow cover for Plains wheat, a more moderate upper air pattern next week, additional favorable conditions in »

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MARKET TALK: Gold More Vulnerable To USD Turm – JP Morgan

Monday, December 7th, 2009

The gold market and precious metals in general are vulnerable to a US dollar turn, says JPMorgan analyst Michael Jansen. Says while the fundamental influences »

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US Cash Grain Outlook: Corn, Wheat Prices At 2-4 Week Lows

Monday, December 7th, 2009

Cash corn prices had fluttered down to 1-month lows across the US interior Monday, accompanied by a turn toward 2-week lows in elevator bids for wheat. »

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CBOT Corn Outlook: Down 2-4c Amid Technical Pressure

Monday, December 7th, 2009

Chicago Board of Trade corn futures are expected to open 2 to 4 cents lower Monday following overnight losses and amid technical pressure. »

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WORLD FOREX: Dollar Gains On Bets Fed May Raise Rates Sooner

Monday, December 7th, 2009

The dollar held on to its overnight gains Monday morning in New York, climbing to a one-month high against a basket of currencies on bets that improved labor »

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Technical Special: NY Gold Futures Nears Key Support

Monday, December 7th, 2009

February gold futures at the Comex division of the New York Mercantile Exchange on Monday dropped to a fresh one-week low and challenged strong technical support at »

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CBOT Soy Outlook: Up 4-6 Cents; Buoyed By World Demand

Monday, December 7th, 2009

Chicago Board of Trade soybean futures are poised for a higher start to Monday's day session, buoyed by global demand and supportive »

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Russia Produces 3.05 Mln Tons Sugar From Beet To Dec 7

Monday, December 7th, 2009

Russia produced 3.05 million metric tons of refined sugar to Dec. 7 from beet harvested this year, which is 97% of the total expected sugar output from beet »

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OIL FUTURES: Nymex Crude Falls As Dollar Gains Strength

Monday, December 7th, 2009

Crude futures fell Monday after the dollar rose to its highest level against the euro in a month. Light, sweet crude for January delivery recently traded 77 cents, »

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US Wheat Outlook: Seen 3-5c Lower; Technical Chart Weakens

Monday, December 7th, 2009

U.S. wheat futures are expected to start lower Monday on weakening technical charts and unsupportive fundamentals, with a lack of strong leadership seen from outside markets. »

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GRAIN HIGHLIGHTS: Top Stories Of The Day

Monday, December 7th, 2009

Rain has dogged the early stages of an annual harvest of winter grains including wheat in Western Australia leading to some weather and hail »

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PRECIOUS METALS: Comex Gold Slides As Traders Exit Positions

Monday, December 7th, 2009

Gold futures are sharply lower early Monday in a continuation of the activity from Friday when traders were liquidating, or selling, to exit positions in which they previously »

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MARKET TALK: Managed Money Adds ICE Coffee Length – CFTC

Monday, December 7th, 2009

Managed money built its net long position in ICE coffee futures and options to 23,411 lots in the week to Dec. 1, up from 20,677 lots net long the week before. »

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