U.S. wheat futures are rising in a technical bounce from sharp losses, a CBOT floor analyst says. The markets are "way overdue" for a rebound after falling hard in January, he says. There is chatter that Iraq may book some U.S. wheat in a tender later this week, a trader »
The dollar fell modestly against the euro and the yen Tuesday morning in New York amid easing concerns over Greece's sovereign debt, but investor caution ahead of significant economic events this week kept currencies confined in tight ranges. »
CBOT corn moving higher on a technical bounce that traders say was overdue. "The question is, can we maintain it?" a trader says. Most traders and analysts say the market's upside potential is limited due to a weak fundamental outlook. »
Angola will export 56.45 million barrels, or 1.82 million barrels a day, of crude oil in March, traders who have seen the final loading programs said Tuesday. The country will export a total of 59 cargoes in March, unchanged from its provisional »
ICE cocoa has pared its earlier losses. "It's a technical bounce from the lows this morning," says Jimmy Tintle, analyst with Transworld Futures. Cocoa had run into some pressure lately in reaction to a stronger dollar, he says. »
Liffe cocoa futures trade lower, trimming losses from fund selling early in the session. "Funds sold some of their positions on fear that a slow economic recovery would hinder a bounce-back in grindings," says Macquarie bank. Adds, disappointing cocoa grinding »
South Africa exported 11,556 tons of white corn in the week ended Jan. 29 after exports of 11,499 tons of white corn the previous week, the South African Grain Information Service's weekly report showed on Tuesday. »
Liffe robusta coffee trades near unchanged with a large Vietnamese crop weighing on the market. In Vietnam, "the industry plans to stockpile 200,000 tons of robusta beans, one-fifth of the current crop, in an effort to boost prices, »
LSN - INDIA: No precipitation of significance fell in India’s main winter grain and oilseed production areas Monday. High temperatures were in the 60s and 70s north, 70s and 80s in central areas and 80s to lower 90s in the south. Most temperatures over 90 were along the west coast. Morning »
LSN - CHINA: Warmer than average temperatures that have occurred for nearly a week now continued Monday with highs in the 30s and 40s Fahrenheit in the Yellow River Basin with lows in the teens and 20s. »
LSN - BRAZIL: Net drying occurred in the majority of Brazil Monday and early this morning. A few showers and thunderstorms occurred in eastern Santa Catarina, northeastern Rio Grande do Sul and southernmost portions of Rio Grande. »
LSN - ARGENTINA: Scattered showers and thunderstorms occurred Monday in northern Argentina impacting 30% of summer coarse grain and oilseed production areas. Rain totals ranged from 0.10 to 0.43 inch most often with one location in northeastern Santa Fe »
U.S. cash corn and soybean basis firmed Tuesday as producers remained tight-fisted with their on-farm stocks after cash grain markets had recently crumbled to three-month lows. "As the markets have moved down, particularly in corn, the movement has »
ICE Canada canola futures were mostly higher Tuesday morning, with a stronger tone in the most actively traded nearby contracts. Follow-through on Monday's firmer close provided some support, according to traders. Calls for a higher start to the CBOT »
April Comex gold futures this week have seen a solid short-covering bounce following recent selling pressure. However, prices are still trading below a two-month-old downtrend line on the daily bar chart, drawn from the December and January highs. »
Above-normal Midwest and Northern Plains temperatures, light Southern Plains snow prospects, favorable conditions for citrus crops, a drier trend in Brazil, continued rain chances for Argentina, additional rain in South Africa, and a warming »
Gold futures are moving higher on increased market confidence about euro zone debt and White House plans to aid small businesses. Tuesday's trade marks a continuation of buying based on increased tolerance for perceived riskier assets like gold. »
Oversold conditions and supportive outside market influences are expected to lift Chicago Board of Trade soybean futures to start Tuesday's day session. In overnight trade, March soybeans were 4 3/4 cents, or 0.52%, higher at $9.14 1/2, »
Chicago Board of Trade corn futures are expected to open higher Tuesday as a technical bounce from January's sharp losses continues. Corn is called 2 cents to 3 cents higher. In overnight trade, March corn was up 3 1/2 cents to $3.62 1/2 per bushel and May corn was up 3 1/4... »
U.S. wheat futures are expected to start stronger Tuesday in a technical bounce from recent losses, but traders said the upside looks limited. Chicago Board of Trade March wheat is called to open 7 cents to 9 cents per bushel higher. In overnight electronic trading, CBOT March wheat climbed 9 1/2 cents... »
