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Archive for December 23rd, 2009

MARKET TALK: US Wheat Climbs; Support From Outside Markets

Wednesday, December 23rd, 2009

U.S. wheat futures are a little higher in early trade amid outside market support. Corn and soybeans, along with crude oil, are higher, pointing the way for a wheat market that has little fundamental news. »

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MARKET TALK: CBOT Corn Climbs As Crude Oil Supports

Wednesday, December 23rd, 2009

CBOT corn is higher in early trade amid support from a surge in crude oil prices. The market has "thus far has done a remarkable job of holding steady on the week vs. loses in both soybeans and wheat," MF Global's Rich Feltes says in a commentary. »

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USDA Says 143,000 Tons Of Soybeans Sold To Unknown

Wednesday, December 23rd, 2009

Private exporters reported to the U.S. Department of Agriculture export sales of 78,000 metric tons of soybeans for delivery to unknown destination during the 2009/2010 marketing year and 65,000 metric tons to unknown »

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Dollar Declines Vs. Euro, Yen On Weak US Home Sales Data

Wednesday, December 23rd, 2009

The dollar lost ground against the euro and the yen Wednesday morning after weaker-than-expected new-home sales data added to the pressures on the greenback. »

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Technical Special: CBOT Rice Suffers Serious Chart Damage

Wednesday, December 23rd, 2009

Rough rice futures on the Chicago Board of Trade have recently suffered serious near-term chart damage after prices declined by $2 per hundredweight in less than two weeks' time. »

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US DOE Oil Data: Gasoline, Distillate Stocks Recap-Dec 23

Wednesday, December 23rd, 2009

Daily average in million barrels. »

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MARKET TALK: Crude Stocks -4.9M Bbls, More Than Expected

Wednesday, December 23rd, 2009

US crude oil stocks fell 4.9 mln bbls, more than expected, in the week ended Dec 18, EIA data show. Distillates dropped 3.1 mln bbls, also more than expected, while gasoline stocks dropped 900,000 bbls, contrary »

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DOE: US Crude Oil Stocks -4.841 Mln Bbl At 327.546 Mln Bbl

Wednesday, December 23rd, 2009

Stocks In Millions of Barrels »

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Ivory Coast Cocoa Employees March To Demand Wages Arrears

Wednesday, December 23rd, 2009

Dozens of agents from an Ivory Coast cocoa market regulator whose bosses have been jailed on suspicion of embezzlement Wednesday demonstrated to demand payment of their wage arrears. »

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US Cash Grain Outlook: Wintry Weather Supports Interior Basis

Wednesday, December 23rd, 2009

Domestic cash grain basis has continued to inch higher this past week, with interior corn, wheat and soybean premiums all posting gains in the range of 1-2 cent per bushel. Total gains for the month of December now equal »

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ICE Canola Futures Ease On Poor Demand, Strong Canadian Dollar

Wednesday, December 23rd, 2009

Canola contracts on the ICE Futures Canada platform were trading at mainly lower levels at 9:38 a.m. EST. The downward price action in canola reflected end of year liquidation orders, as well as a drop off in demand, market »

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PRECIOUS METALS: Spot Gold Up From 7-Wk Low As Dollar Bounces

Wednesday, December 23rd, 2009

Spot gold bounced Wednesday from the seven-week low it hit Tuesday as the dollar ascent paused and the currency rose against the euro. The precious metal could still trade down to $1,050 a troy ounce, however, before the »

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USDA Says 110,000 Tons Of Soybeans Sold To China In 10-11

Wednesday, December 23rd, 2009

Private exporters reported to the U.S. Department of Agriculture export sales of 110,000 metric tons of soybeans for delivery to China during the 2010/2011 marketing year, the USDA said Wednesday. »

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US Wheat Outlook: Steady-Up Slightly; Demand Limits Upside

Wednesday, December 23rd, 2009

U.S. wheat futures are expected to open steady to slightly higher Wednesday amid a lack of fresh news and directionless overnight trade. In overnight trade, March wheat was up 1/4 cent to $5.23 1/4 per bushel and July »

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US Wheat Outlook: Steady-Up Slightly; Demand Limits Upside

Wednesday, December 23rd, 2009

U.S. wheat futures are expected to open steady to slightly higher Wednesday amid a lack of fresh news and directionless overnight trade. In overnight trade, March wheat was up 1/4 cent to $5.23 1/4 per bushel and July »

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PRECIOUS METALS: Comex Gold Rises A Bit As US Dollar Weakens

Wednesday, December 23rd, 2009

Gold futures are trading slightly higher Wednesday morning, with the bias to the upside coming as the dollar is slightly softer against its major rivals. In recent trading, benchmark February gold »

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CBOT Soy Outlook:Seen Up; Following Overnight Theme

Wednesday, December 23rd, 2009

Soybean futures on the Chicago Board of Trade are seen starting Wednesday's day session higher, following the overnight trend. CBOT soybean futures are seen starting 4 to 6 cents higher. In overnight trade, »

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