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Archive for February 8th, 2010

USDA Grain Inspections For Export-Feb 8

Monday, February 8th, 2010

Crop marketing years begin June 1 for wheat, rye, oats, barley and flaxseed; September 1 for corn, sorghum, soybeans and sunflower seeds. Includes Waterway Shipments to Canada. »

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WORLD FOREX: Euro Manages Gains, But Sovereign Debt Issues Loom

Monday, February 8th, 2010

The euro eked out a gain against the dollar Monday but was kept under pressure by festering issues of sovereign debt in Greece that threatened to spread to Portugal and Spain. »

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Strong Chinese Demand Tempts Brazil Soybean Farmers To Sell

Monday, February 8th, 2010

Brazil's farmers are tempted to sell their soybeans as the 2009-10 harvest gathers pace. March soybeans on the Chicago Board of Trade ended 1/2 cent, or 0.05%, lower at $9.13 1/2, and May soybeans settled 1/2 cent, or 0.05%, lower at $9.24 1/4 on »

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MARKET TALK: CBOT Soy Futures Rally On Short Covering

Monday, February 8th, 2010

CBOT soy futures spike higher, climbed to nearly two-week highs. Speculative short covering ahead of USDA supply and demand reports are giving buyers the edge in early market action, analysts say. The absence of pressure from outside markets »

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MARKET TALK: ICE March Sugar Higher As Commodities Rebound

Monday, February 8th, 2010

World raw sugar futures continue to trade higher as commodity markets bounce off Friday's lows. Sugar receives support from firm crude oil futures and a weak U.S. dollar index, with the market's bullish fundamentals also in play. »

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MARKET TALK: US Wheat Jumps Higher In Rebound

Monday, February 8th, 2010

U.S. wheat futures are climbing on short-covering and spillover support from other markets, traders say. Non-commercial speculative funds a heavily short in CBOT wheat. Weakness in the U.S. dollar and gains in crude oil and precious metals are »

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MARKET TALK: CBOT Corn Climbs In Short-Covering Bounce

Monday, February 8th, 2010

CBOT corn futures are surging in early trade amid short-covering following recent losses. Traders say the grains and oilseeds markets are due for a bounce. Higher crude oil is supportive they add. Fundamentally the market lacks support »

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MARKET TALK: ICE Cocoa Down Slightly, May Be Finding Support

Monday, February 8th, 2010

ICE cocoa is slightly softer amid continued speculative activity, but may well uptick yet with the rest of the softs higher and the dollar lower, says Chris Kraft, president of CK Futures. "I wouldn't be surprised if it's positive by the end of the day," he says. »

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ICE Canola Strengthens Following Outside Markets

Monday, February 8th, 2010

ICE Canada canola futures were higher Monday morning, finding some spillover support from the gains seen in the outside commodity markets. Malaysian palm oil and European rapeseed futures were both stronger in overnight trade. Calls for a higher start to the »

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WWS: India Coarse Grain & Oilseed Weather Outlook – Feb 8

Monday, February 8th, 2010

LSN - INDIA: Showers and brief periods of light rain will develop today and increase Tuesday as a cool front moves through the region. Most areas from Rajasthan to Uttar Pradesh will be vulnerable to showers, although some areas will be missed and most of the precipitation will be light »

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WWS: China Coarse Grain & Oilseed Weather Outlook – Feb 8

Monday, February 8th, 2010

LSN - CHINA: Above average temperatures south of the Yellow River and wet conditions that have been occurring for more than a week south of the Yangtze River continued over the weekend. Above freezing high temperatures were observed at one time or another nearly »

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WWS: Brazil Coarse Grain & Oilseed Weather Outlook – Feb 8

Monday, February 8th, 2010

LSN - BRAZIL: Scattered showers and thunderstorms occurred in more than 80% of the nation at one time or another during the Friday through Sunday period. However, most of the rain was light and net drying resulted in many areas. Coverage of amounts greater than 0.50 inch was down to less than 35%... »

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WWS: Argentina Coarse Grain & Oilseed Weather Outlook – LSN

Monday, February 8th, 2010

LSN- ARGENTINA: Argentina’s fine soybean weather will continue throughout the coming ten days to two weeks with alternating periods of rain and sunshine assuring good summer grain, oilseed and cotton development potential. »

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US Cash Grain Outlook:Basis Strengthening, Snow Still Falling

Monday, February 8th, 2010

Cash basis continued to strengthen for nearly all classes of U.S. grain Monday, registering broad interior gains, which averaged as much as 1 cent per bushel. "Bean basis remains the most firm of the grain group, despite slacking export sales," said Farm Futures basis analyst Bryce Knorr. Export, "shipments remain »

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USDA Report: Recap For February Supply/Demand Report

Monday, February 8th, 2010

The following table is provided as a service to Dow Jones Newswires subscribers in conjunction with the U.S. Department of Agriculture's February supply and demand report. The report is scheduled for release at 8:30 a.m. EST (1330 GMT) Tuesday. However, the federal government is closed »

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Commodities Market Impact Weather: Continued Midwest Rain, Snow

Monday, February 8th, 2010

Continued Midwest rain and snow, a wintry precipitation mix in the Southern Plains, hotter and drier in Brazil, mild conditions in Argentina, and warmer temperatures in South Africa are the main weather items for the commodity trade's attention Monday. »

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PRECIOUS METALS: NY Gold Rises On Bargain Hunting After Rout

Monday, February 8th, 2010

Gold futures are moving higher Monday morning as some participants believe last week's sharp selloff has created bargain buying opportunities. In recent trading, benchmark April gold was up $14.10, or 1.3%, at $1,066.90 an ounce on the Comex division of the New York Mercantile Exchange. The contract »

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