The dollar declined against the euro Wednesday morning in New York as investors adjusted positions in anticipation of the Federal Reserve continuing to signal U.S. interest rates will remain near zero for an extended period. »
U.S. inventories of crude oil and distillate fuels both showed unexpectedly sharp draws last week while gasoline stocks edged higher, according to data released Wednesday by the U.S. Department of Energy. »
US implied oil demand jumped 6.7%, or 1.224 mln b/d, to 19.572 mln b/d in the week ended Dec 11, EIA data show. That's the highest weekly demand since Aug 28. The bulk of the rise came in catch-all other oils, an estimated weekly figure, and in »
U.S. cocoa futures rallied to new 30-year highs Wednesday on buying linked to a weak U.S. dollar and concerns over a potentially smaller-than-expected Ivory Coast crop. Nearby March cocoa climbed to a high of $3,485 a metric ton on investor buying, »
Russian miner Petropavlovsk PLC (POG.LN) Wednesday cut its preliminary estimate of attributable annual gold production for 2009 by about 6% to 470,000 troy ounces, from an earlier estimate of 500,000 oz. »
Stocks In Millions of Barrels »
Analysts surveyed by Dow Jones are expecting a 1.7 million barrel decline in U.S. crude stocks in data due out from the DOE at 10:30 a.m. EST. Gasoline stocks are seen increasing by 1.4 million »
Northern India will be left mostly dry over the next ten days to two weeks, although one of the more recent GFS model runs was suggesting rain may evolve in the north Dec.26-27. Confidence in the potential for verification is not very high. »
The situation may lead to a little livestock stress and some travel delays with rain and snow both falling in a part of the region. The wintry mix may lift to the north with the weekend warming trend. »
High temperatures Tuesday afternoon were in the 70s and lower 80s in the precipitation region and in the 80s to around 90 in other areas. Lows this morning were expected to be mostly in the 50s and 60s. »
Rainfall during the day Tuesday was confined to the region from northern Sao Paulo and southwestern Minas Gerais to Mato Grosso and Goias where 0.10 to 0.80 inch was common with local totals to 1.42 inches. »
Light snow fell on parts of Lower Michigan Tuesday with accumulations up to 2 inches and local totals to 3 inches. The remainder of the Midwest was dry. High temperatures were in the single digits Fahrenheit from the Dakotas and »
U.S. crude oil production for November averaged 5.4 million barrels a day, 7.7% higher than last year and a level last seen in 2005, the American Petroleum Institute said Wednesday. The rise in domestic crude output is the result »
Grain and oilseed futures at the ICE Canada Futures market are narrowly mixed at 09:22 a.m. EST Wednesday with canola generally a bit higher in very thin activity, brokers said. Canola volumes continued to be small with traders blaming it on the upcoming »
Winter wheat basis had hit reverse in many areas of the U.S. interior Wednesday, dropping by an average of 2-6 cents per bushel nationwide. Some domestic grain terminals monitored by Dow Jones Newswires have slashed spot basis bids by 7-10 cents during just the past 24 hours. »
Chicago Board of Trade corn futures are expected to be firm at Wednesday's open thanks to weakness in the dollar. Corn is called 1 to 3 cents higher. In overnight trade, March corn was up 2 cents to $4.09 1/2 per bushel and May corn was up 2 cents to $4.20 1/4.... »
Crude oil futures rose in early trading Wednesday morning ahead of data expected to show a decline in U.S. oil and fuel inventories and a Federal Reserve interest rate decision. Light, sweet crude for January delivery rose 0.8% to »
U.S. wheat futures are expected to start steady to higher Wednesday after finishing the overnight session slightly firmer, although traders do not expect the U.S. to win business from Egypt. In overnight electronic trading, Chicago Board of Trade March wheat rose 1 1/4 cents »
Chicago Board of Trade soybean futures are expected to open 3 to 5 cents higher Wednesday following overnight gains as a weaker dollar supports the market. In overnight trade, January soybeans were up 4 3/4 cents to $10.59 3/4 per bushel and March soybeans were up 4 cents to $10.66. »
Private exporters reported to the U.S. Department of Agriculture export sales of 116,000 metric tons of soybeans for delivery to China during the 2009/2010 marketing year, the USDA said Wednesday. »
