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Archive for December 21st, 2009

MARKET TALK: ICE Sugar Slides As Funds Sell Overbought Market

Monday, December 21st, 2009

ICE word raw sugar futures are weaker as fund traders sell on technical cues, an analyst says. Most-active March sugar is down 33 points at 26.01 cents a pound, off the 25.91 »

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Egypt To Discuss Long-term Wheat Import Agreement With Russia

Monday, December 21st, 2009

The Egyptian Ministry of Trade and Industry said Monday it would discuss a long-term agreement with Russia to import high quality wheat and build wheat silos. Egyptian Minister of Trade and Industry »

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MARKET TALK: CBOT Soy Up As Market Continues Overnight Bounce

Monday, December 21st, 2009

CBOT soybean futures started Monday's day session higher, bouncing from prior week losses. The market has staged a minor technical bounce from previous declines so far, buoyed by pre-holiday position evening, a CBOT trader says. »

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MARKET TALK: US Wheat Dips Slightly; Technical Pressure

Monday, December 21st, 2009

U.S. wheat futures are slightly lower in early trade. The market is expected to be a follower of corn and soybeans, but is weaker despite gains in those markets. Technically wheat is backpedaling, analysts say, and a stronger dollar is bearish for »

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MARKET TALK: CBOT Corn Climbs, Hovers Above Key Averages

Monday, December 21st, 2009

CBOT corn has jumped higher in early trading amid thin volume and technical momentum. The market's early strength has put it above the 10-day, 20-day, 50-day and 200-day moving averages in the March contract. »

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Argentina Govt: May Meet Ethanol-Blend Target By Sep-Oct 2010

Monday, December 21st, 2009

Argentina's government may meet its target for introducing healthier gasoline by September or October next year, more than nine months later than expected. The target will be met once a $37 million investment unveiled Monday is completed, »

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CBOT Corn Outlook: Mixed; Choppy Holiday Trade Expected

Monday, December 21st, 2009

Chicago Board of Trade corn futures are expected to open mixed Monday following overnight losses in what is expected to be light holiday trade. In overnight trade, March corn was up 1/4 cent to $3.98 per bushel and May corn was flat at $4.08 1/2. »

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MARKET TALK: Comex Gold Falls Back As Correction Continues

Monday, December 21st, 2009

Gold futures have erased gains as the dollar has moved higher. The metal is continuing its correction, although it has reached a consolidative period of that downtrend, a trader says. »

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WORLD FOREX: Dollar Mostly Higher In Pre-Holiday Trade

Monday, December 21st, 2009

The dollar is mostly higher Monday morning in thin trading as demand for riskier assets wanes ahead of year-end holidays. The dollar's split performance--up against the yen and U.K. pound, little changed »

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US Cash Grain Outlook: Subdued As Markets Enter Holiday Trade

Monday, December 21st, 2009

Cash grain trading is quiet Monday as activity in both cash and futures begins to dwindle ahead of the Christmas holiday and as the Midwest prepares for another major snowstorm. Interior soybean basis is mostly steady to firm »

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ICE Canola Futures Ease As Canadian Dollar Strengthens

Monday, December 21st, 2009

Canola contracts on the ICE Futures Canada platform were trading at mainly lower levels at 9:37 a.m. EST. Much of the downward price action seen in canola was being associated with the strong Canadian dollar, which discourages »

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Commodities Market Impact Weather: Midwest Snowstorm Chances

Monday, December 21st, 2009

Midwest snowstorm chances, snow for Southern Plains wheat, generally favorable Brazil conditions, beneficial rain in Argentina, weekend showers in South Africa, and snow cover for Ukraine wheat areas are the main weather items for »

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MARKET TALK: Managed Money Adds ICE Coffee Length – CFTC

Monday, December 21st, 2009

Money managers built their net long position in ICE arabica coffee futures and options to 32,230 lots net long in the week to Dec. 15 from 27,209 lots the previous week, CFTC disaggregated data shows. Traders added 5,509 long lots and »

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MARKET TALK: Money Managers Add ICE Cocoa Net Length – CFTC

Monday, December 21st, 2009

Managed money accounts lifted net length in ICE cocoa futures and options to 39,919 lots net long in the week to Dec. 15 from 38,187 lots the previous week, disaggregated CFTC data show. »

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MARKET TALK: ICE Cocoa Recovers From Big Friday Sell-Off

Monday, December 21st, 2009

ICE cocoa prices are trading modestly higher in early dealings Monday, following sharp losses on Friday that saw prices hit a fresh three-week low and close at a technically bearish weekly low close. »

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US Wheat Outlook: Mixed; Technical Weakness, Choppy Trade

Monday, December 21st, 2009

U.S. wheat futures are expected to open mixed Monday amid a lack of fundamental news as the market takes its cue from neighboring markets. In overnight trade, Chicago Board of Trade March wheat was down 1/4 cent to $5.27 »

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CBOT Soy Outlook:Up 3-5c; Recovery Bounce From Last Week

Monday, December 21st, 2009

Chicago Board of Trade soybean futures are poised for a firmer start to Monday's day session, following the overnight theme, as the market stages a modest recovery from last week's declines. CBOT soybean futures are seen starting 3 to 5 cents higher. »

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European Veg Oil Prices AM- Dec 21

Monday, December 21st, 2009

SOYOIL EU degummed euro tonne fob exmill »

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