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Archive for December 31st, 2009

MARKET TALK: CBOT Soy Climbs On Demand, Technical Momentum

Thursday, December 31st, 2009

CBOT soy futures are climbing in early trade amid year-end positioning and solid export sales. Sales were at the high end of the estimated range for soybeans. A weaker dollar is also higher for commodities generally, and the soybean market has upward technical »

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MARKET TALK: CBOT Corn Up Slightly; Technical Strength

Thursday, December 31st, 2009

CBOT corn futures are higher in early trade amid a weaker dollar and solid export sales. The market has had upward momentum recently, but analysts say the fundamentals are questionable. "The corn market has been moving higher and technically, it looks strong, but one »

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US Drought Monitor: Dramatic Decrease In Drought During 2009

Thursday, December 31st, 2009

A federal Drought Monitor released Thursday by the U.S. Department of Agriculture, National Weather Service and National Drought Mitigation Center said U.S. drought levels dropped significantly during 2009, eliminating dryness from all areas east of the Great Divide, »

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US Export Sales: Net Sales For Soyoil-Dec 31

Thursday, December 31st, 2009

For the week ended Dec 24 in metric tons. Based on Oct-Sep marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to rounding. »

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US Export Sales: Net Sales For Soybeans-Dec 31

Thursday, December 31st, 2009

For the week ended Dec 24 in metric tons. Based on Sep-Aug marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to rounding. »

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US Export Sales: Net Sales For Corn-Dec 31

Thursday, December 31st, 2009

For the week ended Dec 24 in metric tons. Based on Sep-Aug marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to rounding »

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US Export Sales: Net Sales For Wheat-Dec 31

Thursday, December 31st, 2009

For the week ended Dec 24 in metric tons. Based on Jun-May marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to rounding. »

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US Export Sales: Net Sales For Soymeal-Dec 31

Thursday, December 31st, 2009

For the week ended Dec 24 in metric tons. Based on Oct-Sep marketing year. New sales are gross sales for the week, net sales are the result of destination changes and foreign purchases/cancellations. Only countries with major activity are listed. Totals may not add due to »

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Commodity Investment Expected To Remain Strong In Early 2010

Thursday, December 31st, 2009

Investment demand for commodities is expected to remain strong for at least the first few months of 2010, if not longer. An improving economy is seen boosting demand for raw materials, and cost-cutting during the »

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MARKET TALK: Comex Gold Up As Dollar Index Below 10-Day Avg.

Thursday, December 31st, 2009

The ICE Futures U.S. March dollar index has fallen back below its 10-day moving average, which stands at 78.233. As a result, Comex gold is stronger, says a trader. Activity on the final trading day of the year was described as thin. February gold is up $7.20 to »

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Commodities Market Impact Weather: Continued Central US Cold

Thursday, December 31st, 2009

Continued central U.S. cold, mostly favorable Southern Plains conditions, generally beneficial trends in South America, more rain headed for South Africa, and an active pattern across Ukraine wheat areas are the main weather items for the commodity trade's attention Thursday. »

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Posted in Commodities, Weather | Comments Off

ICE Canola Firm On Strength In Vegetable Oils

Thursday, December 31st, 2009

Grain and oilseed futures at the ICE Canada Futures market are mixed to modestly higher at 09:16 a.m. EST Thursday with canola lifted by the firm tone in international vegetable oil prices, brokers said. Canola trade has been on the light side and traders are expecting limited participation with ICE »

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US Cash Grain Outlook: 2009 Mostly Depressing Year For Prices

Thursday, December 31st, 2009

This year was largely a "downer" for U.S. cash grain markets, featuring price declines for nearly all the major commodities except soybeans. Since Dec. 31, 2008, national-average farmgate prices have fallen 6 cents a bushel for corn, 20 cents »

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Egypt GASC Buys 240,000 Tons Of Russian Wheat

Thursday, December 31st, 2009

Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Thursday it bought 240,000 metric tons of Russian wheat on a free-on-board basis. Of the total, GASC bought 60,000 tons of Russian wheat from WJ Grain at $191.88 /ton and two »

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CBOT Soy Outlook: Up On Weaker Dollar, Export Sales

Thursday, December 31st, 2009

Chicago Board of Trade soybeans are expected to climb on Thursday's open on a weaker dollar and solid export demand amid thin trade. Soybeans are called 7 cents to 9 cents higher. In overnight trade, January soybeans were up 7 cents to $10.43 1/4 per bushel and March soybeans were up 8... »

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US Wheat Outlook: Seen Up On Positioning; Trade Awaits Egypt

Thursday, December 31st, 2009

U.S. wheat futures are poised to start stronger Thursday on positioning and support from the weaker dollar, although traders don't expect the U.S. to win business in an Egyptian tender. Chicago Board of Trade March wheat is called to open 3 cents to 5 cents per bushel higher. In »

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CBOT Corn Outlook: Up 2-3c On Weaker Dollar, Solid Exports

Thursday, December 31st, 2009

Chicago Board of Trade corn futures are expected to open higher Thursday on a weaker dollar amid year-end positioning, traders said. Corn is called 2 to 3 cents higher. In overnight trade, March corn was up 2 3/4 cents to $4.16 1.2 per bushel and May corn was up 2 3/4 cents... »

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Turkey To Import Up To 100,000 Tons Of Rice In ‘10 – IHA

Thursday, December 31st, 2009

The Turkish government has authorized state grain board TMO to import up to 100,000 metric tons of rice in 2010, the Official Gazette said Thursday, the Ihlas news agency, or IHA, reported. »

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