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Archive for December 22nd, 2009

Angola Oil Min: Angola Has Been Cutting Production

Tuesday, December 22nd, 2009

Angola has cut its oil output although it may not be complying with its Organization of Petroleum Exporting Countries quota as much as expected, the country's oil minister said Tuesday at the end of an OPEC meeting in Luanda. »

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OPEC Still Concerned About Global Recession – OPEC Spokesman

Tuesday, December 22nd, 2009

The Organization of the Petroleum Exporting Countries or OPEC Tuesday held its 155th extraordinary meeting of the conference in Luanda, Angola, under the chairmanship of its president, Jose Maria Botelho de Vasconcelos, minister of »

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WORLD FOREX: Dollar Pushes Higher On Mixed Bag Of US Data

Tuesday, December 22nd, 2009

The dollar pushed back higher against the euro late Tuesday morning, as better-than-expected home sales figures trumped a downward revision to U.S. growth, boosting the greenback. »

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Commodities Market Impact Weather:Storm Aims At Midwest

Tuesday, December 22nd, 2009

A powerful winter storm that continues to take aim at the Midwest, snow and heavy winds for the Southern Plains, increasing showers in Brazil, favorable growing conditions in Argentina, drier and hotter conditions in South Africa and »

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Asian Crude Palm Oil Ends Down On Profit-Taking, Stronger Dollar

Tuesday, December 22nd, 2009

Crude palm oil futures on Malaysia's derivatives exchange fell for the second day Tuesday on continued profit taking triggered by weakness in Chinese commodities and a stronger dollar. The benchmark March contract on the Bursa Malaysia »

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US Grain, Soybean Export Inspections Estimates- Dec 22

Tuesday, December 22nd, 2009

Estimates for the week ended Thursday, December 17, in million bushels. The U.S. Department of Agriculture report is scheduled for release at 11 a.m. EST (1600 GMT) Tuesday. Actuals are subject to revision by the USDA. Source: Chicago Board of Trade traders. »

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US Wheat Outlook: Mixed Amid Low Volume

Tuesday, December 22nd, 2009

Traders are expecting a mixed open for U.S. wheat futures following quiet overnight trade and a lack of fundamental news. In overnight trade, March CBOT wheat was down 1 1/4 cents to $5.18 1/4 per bushel »

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ICE Canola Futures Down On Firm Canadian Dollar, Supplies

Tuesday, December 22nd, 2009

Canola contracts on the ICE Futures Canada platform were trading at mostly lower levels at 9:34 EST. Weakness in canola was linked to the strength of the Canadian dollar against other foreign currencies and to a build-up of supply in the »

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US Cash Grain Outlook: Lackluster Trade Before Holiday

Tuesday, December 22nd, 2009

Cash grain markets continue to see subdued trade, as futures markets look set for a mixed open and as the Christmas holiday nears. Producers in the western Midwest are preparing for another major winter storm. A few »

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MARKET TALK: ICE Coffee Weakens Early On Consolidation

Tuesday, December 22nd, 2009

ICE arabica coffee futures are trading modestly lower and nearer the session low in morning dealings Tuesday. March coffee is down 125 points at $1.4435. The coffee market is consolidating in pre-holiday trading, »

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MARKET TALK: ICE Cocoa Weakens, Hits 3-Week Low

Tuesday, December 22nd, 2009

ICE cocoa futures have dropped below unchanged levels and hit a fresh three-week low in morning trading Tuesday. March cocoa is down $9 a metric ton at $3,242. »

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WORLD FOREX: Dollar Slips After Disappointing US GDP Report

Tuesday, December 22nd, 2009

The dollar declined against the euro Tuesday after a worse-than-expected measure of U.S. economic growth cut into the perception the U.S. was emerging from recession at a quicker pace than its competitors. »

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WORLD FOREX: Dollar Continues Gains On Euro, Yen

Tuesday, December 22nd, 2009

The dollar retained its strength against the euro and racked up gains against the yen early Tuesday, as brightened prospects for a U.S. economic rebound kept investors focused on interest rates. »

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Brazil Dec.1-21 Green Coffee Exports At 1,262,104 Bags-Cecafe

Tuesday, December 22nd, 2009

Brazilian green coffee exports for Dec. 1-21 are at 1,262,104 60-kilogram bags, according to preliminary figures from the Brazilian Green Coffee Exporters Council, or Cecafe. Brazilian arabica and conillon coffee exports (all volumes for 60-kilogram bags): »

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OIL FUTURES: Nymex Crude Drops As OPEC Production Unchanged

Tuesday, December 22nd, 2009

Crude futures fell slightly Tuesday as OPEC held production steady despite rising concerns about global oil inventory levels. Light, sweet crude for February delivery recently traded 21 cents, or 0.3%, lower at »

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CBOT Soy Outlook:Up 2-3c; Consolidating Recent Losses

Tuesday, December 22nd, 2009

Soybean futures at the Chicago Board of Trade are expected to start Tuesday's day session modestly higher, attempting to consolidate recent losses. CBOT soybean futures are seen starting 2 to 3 cents higher. In overnight trade, January »

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