Wheat, Gold, oil, Corn, Copper Prices dec 11 2012 : The Standard & Poor’s GSCI gauge of 24 commodities climbed 0.1 percent to 631.90 at 4:53 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials climbed 0.04 percent to 1,577.988.
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Home » Posts filed under Commodity
Showing posts with label Commodity. Show all posts
Showing posts with label Commodity. Show all posts
Tuesday, December 11, 2012
Monday, November 12, 2012
Greek worries weigh on shares, commodities market today nov 13 2012
Greek worries weigh on shares, commodities market today nov 13 2012 : Asian shares and commodities pulled back on Tuesday on uncertainty over the U.S. fiscal row and the euro zone debt crisis, where global lenders held back from giving further aid to debt-stricken Greece.
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Monday, October 22, 2012
MCX commodities prices expected october 23 2012
MCX commodities prices expected october 23 2012
: Crude Oil price are expected to remain under pressure till Rs 4730-4720 whereby it seems to hold. One can buy around those levels with a stop loss below Rs 4670. Prices are expected to bounce till Rs 4830.
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Saturday, October 20, 2012
Corn, soybeans market forecast week october 22-27 2012
Corn, soybeans market forecast week october 22-27 2012, grain market prediction next week october 22-26 2012 : The grain markets started the week like they finished the last, which was under pressure. There was simply a lack of fresh bullish news and plenty of disappointment in the lack of follow through buying after the October supply and demand report. Plus many traders have continued to focus on ideas that USDA would increase the soybean production estimate in the November supply and demand report. By mid-week the market had found some support and the news began to improve. By the end of the week traders were talking about rising corn and wheat basis levels around the world, the Ukrainian ban on wheat exports, large wheat sales to unknown destinations and the probability that corn importers would soon turn to the US for supplies.
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Wednesday, October 10, 2012
U.S. grain futures down october 10 2012
U.S. grain futures down october 10 2012 : U.S. grain futures were mostly lower during European morning hours on Wednesday, as market players were reluctant to push up prices ahead of the U.S. Department of Agriculture’s monthly global supply and demand report scheduled for Thursday.
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Tuesday, October 2, 2012
corn, soybeans futures prices 10-2-2012
corn, soybeans futures prices 10-2-2012 : U.S. grain futures were broadly lower during European morning hours on
Tuesday, with soybean prices trading at the lowest level since July
after a crop progress report from the U.S. Department of Agriculture
showed the U.S. soy harvest was progressing at a record pace.
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Sunday, September 30, 2012
London copper futures outlook october 1 2012
London copper futures outlook october 1 2012 : London copper edged down on Monday on persistent worries over global economic growth after two indicators showed China's factory sector is still shrinking while concerns over Spain's banks and prospects for a bailout curbed the appetite for risk.
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Wednesday, September 26, 2012
soybeans, wheat , Corn futures prices for 9/27 2012
soybeans, wheat , Corn futures prices for 9/27 2012,
U.S. soybeans rose on Thursday to hover below $16 a bushel, as investors looked for bargains following declines in the previous session when renewed concerns over the euro zone debt crisis and the record pace of the U.S.
harvest dragged on prices.
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harvest dragged on prices.
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How will Wheat Crop Insurance in 2013
How will Wheat Crop Insurance in 2013 :
Changes in wheat insurance in 2013 are as follows:
1) the Trend Adjustment (TA) yield endorsement will be available for wheat in some counties in 2013,
2) projected prices are higher in 2013 compared to 2012,
3) volatilities are lower in 2013 compared to 2012, and
4) wheat premiums differ in 2013 as compared to 2012. After discussing these changes, suggestions for 2013 are given.
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1) the Trend Adjustment (TA) yield endorsement will be available for wheat in some counties in 2013,
2) projected prices are higher in 2013 compared to 2012,
3) volatilities are lower in 2013 compared to 2012, and
4) wheat premiums differ in 2013 as compared to 2012. After discussing these changes, suggestions for 2013 are given.
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Commodity
Tuesday, September 25, 2012
soybeans futures prices down 9-24-2012
soybeans futures prices down 9-24-2012, U.S. soybeans prices prediction september 24 2012 :
U.S. soybeans fell on Wednesday, giving back limited gains made the day
before and staying near a mid-August low, as harvest pressure and
accounts of better-than-expected yields continued to drag on prices.
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Monday, September 24, 2012
Wheat, corn, soybeans prices down 9/24/2012
Wheat, corn, soybeans prices down 9/24/2012 : U.S. grain futures were broadly lower during European morning hours on Monday, with soybean prices tumbling to the lowest level since early August amid easing fears over the pace of the U.S. harvest.
Meanwhile, wheat prices remained underpinned by concerns over a disruption to supplies from Russia.
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Meanwhile, wheat prices remained underpinned by concerns over a disruption to supplies from Russia.
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Friday, September 21, 2012
Grain futures prices forecast september 24-28 2012
Grain futures prices forecast september 24-28 2012, corn prices, soybean futures prices september 24 2012, corn prices next week : hicago soybeans rose 0.8 percent on Friday, boosted by bargain hunting in Asia, but the market is on track for its biggest weekly loss in a year, with a rapid U.S. harvest and expectations of higher yields weighing on the market. Corn and wheat futures edged higher, tracking gains in soybeans, although the grain markets are facing their steepest weekly decline in more than three months.
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Corn, soybeans futures prices 9/21/2012
Corn, soybeans futures prices 9/21/2012 : Chicago soybeans rose 0.8 percent on Friday, boosted by bargain hunting in Asia, but the market is on track for its biggest weekly loss in a year, with a rapid U.S. harvest and expectations of higher yields weighing on the market. Corn and wheat futures edged higher, tracking gains in soybeans, although the grain markets are facing their steepest weekly decline in more than three months.
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food prices expectation 2013
food prices expectation 2013 ; Global food prices are rising and are likely to touch an all-time high in 2013 due to drought in some parts of the world, according to a report. that governments' interventions to check high food prices by way of export bans and commodity stockpiling could exacerbate commodity price volatility.
Skyrocketing agri-commodity prices are causing the world to re-enter a period of "agflation", with food prices forecast to reach record highs in 2013 and to continue to rise well into Q3 of the 2013,
Also, the Food Price Index of UN body FAO is expected to rise by 15 per cent by the end of June 2013, adding that world food prices are rising once again as drought in the US, South America and Russia have diminished crop prospects and tightened already low inventory levels.
As a result of drought in key exporting countries and rapid demand growth in developing countries, the combined global wheat, rice, corn and soyabean stocks-to-use is expected to fall to 19.6 percent in 2012-13, only 0.4 percent above 2007-08 levels, it added.
This time around, the most affected commodities are largely used in animal feed (like corn and soyabean) and are not core food staples (such as wheat and rice) of the world's developing economies.
Unlike the staple grain shortage seen in 2008, this year's scarcity will affect feed intensive crops with serious repercussions for animal protein and dairy industries, it said.
"These commodities are currently 30 per cent cheaper than their 2008 peaks. Nonetheless, price rises are likely to stall the long-term trend towards higher protein diets in Asia, the Middle East and North Africa,
In developed economies - especially the US and Europe - where meat and corn price elasticity is low, the knock-on effect of high grain prices will be felt for some time to come,
Increases in commodity stockpiling and interventions such as export bans are a distinct possibility in 2012-13 as governments across the globe react to protect domestic consumers from increasing world food prices
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Skyrocketing agri-commodity prices are causing the world to re-enter a period of "agflation", with food prices forecast to reach record highs in 2013 and to continue to rise well into Q3 of the 2013,
Also, the Food Price Index of UN body FAO is expected to rise by 15 per cent by the end of June 2013, adding that world food prices are rising once again as drought in the US, South America and Russia have diminished crop prospects and tightened already low inventory levels.
As a result of drought in key exporting countries and rapid demand growth in developing countries, the combined global wheat, rice, corn and soyabean stocks-to-use is expected to fall to 19.6 percent in 2012-13, only 0.4 percent above 2007-08 levels, it added.
This time around, the most affected commodities are largely used in animal feed (like corn and soyabean) and are not core food staples (such as wheat and rice) of the world's developing economies.
Unlike the staple grain shortage seen in 2008, this year's scarcity will affect feed intensive crops with serious repercussions for animal protein and dairy industries, it said.
"These commodities are currently 30 per cent cheaper than their 2008 peaks. Nonetheless, price rises are likely to stall the long-term trend towards higher protein diets in Asia, the Middle East and North Africa,
In developed economies - especially the US and Europe - where meat and corn price elasticity is low, the knock-on effect of high grain prices will be felt for some time to come,
Increases in commodity stockpiling and interventions such as export bans are a distinct possibility in 2012-13 as governments across the globe react to protect domestic consumers from increasing world food prices
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Monday, September 17, 2012
Corn, soybeans, wheat prices september 17 2012
Corn, soybeans, wheat prices september 17 2012 : Chicago soybeans fell for a second consecutive session today and corn slid more than 1 percent, pressured by a rapidly advancing US harvest which is bringing fresh supplies to the market.
Wheat gave up 1 percent to fall from Friday's five-week top as favourable weather for the US winter crop planting and supplies from India weighed on the market.
Chicago Board of Trade December wheat fell 1.19 percent to $9.13-1/4 a bushel and new-crop December corn lost 1.37 percent to $7.71-1/2 a bushel. November soy slid 1.54 percent to $17.12-1/2 a bushel.
The grain markets got a boost last week following the Federal Reserve's latest stimulus plan. But the progress of the corn and soybean harvest in the U.S. Midwest prompted investors to sell.
In addition, rainfall in the US, which has improved the conditions for
planting and forecast rain in Australia, could have a positive impact on yields, weighing on prices today, Germany's Commerzbank said in a daily note.
Traders are expecting the corn harvest to be 20-25 percent complete as of Sunday. The soybean harvest, which was 4 percent complete last week, is picking up speed and could be 10 percent finished.
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Wheat gave up 1 percent to fall from Friday's five-week top as favourable weather for the US winter crop planting and supplies from India weighed on the market.
Chicago Board of Trade December wheat fell 1.19 percent to $9.13-1/4 a bushel and new-crop December corn lost 1.37 percent to $7.71-1/2 a bushel. November soy slid 1.54 percent to $17.12-1/2 a bushel.
The grain markets got a boost last week following the Federal Reserve's latest stimulus plan. But the progress of the corn and soybean harvest in the U.S. Midwest prompted investors to sell.
In addition, rainfall in the US, which has improved the conditions for
planting and forecast rain in Australia, could have a positive impact on yields, weighing on prices today, Germany's Commerzbank said in a daily note.
Traders are expecting the corn harvest to be 20-25 percent complete as of Sunday. The soybean harvest, which was 4 percent complete last week, is picking up speed and could be 10 percent finished.
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Tuesday, September 11, 2012
corn, soybeans futures prices september 11 2012
corn, soybeans futures prices september 11 2012 : U.S. grain futures were mixed during European morning hours on Tuesday, as investors readjusted positions ahead of the release of a key monthly U.S. Department of Agriculture report on U.S. grain supplies on Wednesday.
The USDA will release its updated supply and demand and crop production reports on Wednesday.
The market is expecting the USDA report to show an upward revision to its soybean crop estimate, amid speculation some late-season rainfall across parts of the U.S. farm belt aided the crop.
The report was also expected to show a slight downward revision in U.S. corn supplies, as crop damage from severe drought conditions was seen as irreversible.
On the Chicago Mercantile Exchange, corn futures for December delivery traded at USD7.8788 a bushel, adding 0.6%. The December contract was stuck in a tight trading range of USD7.8162 a bushel, the daily low and a session high of USD7.8838 a bushel.
Prices slumped to a three-week low of USD7.8137 a bushel on Monday.
The USDA’s weekly crop progress report released after Monday’s closing bell showed that 15% of the U.S. corn crop was harvested as of September 9, up from 10% the preceding week and higher than the 5% recorded in the same week a year earlier.
Only 22% of the U.S. corn crop was rated in ‘good’ to excellent’ condition as of last week, unchanged from the previous week and below the 53% recorded in the same week a year earlier.
The share of the U.S. corn crop that was rated ‘poor’ to ‘very poor’ held steady at 52% last week.
The U.S. produced 38% of the world's corn last year, making it the both world's largest corn producing nation and the largest exporter of the grain.
Front-month prices touched an all-time high of USD8.4237 a bushel on August 10, as escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region drove prices higher.
Meanwhile, soybeans futures for November delivery traded at USD17.1788 a bushel, easing down 0.05%. The November contract fell to a session low of USD17.1100 a bushel earlier, the weakest level since August 28.
The USDA said that 32% of the soybean crop was rated ‘good’ to ‘excellent’ as of last week, compared to 30% a week earlier.
Prices came under pressure after updated weather models predicted beneficial rains in the drought-stricken U.S. Midwest crop region later in the week.
The November contract rallied to an all-time high of USD17.8888 a bushel on September 4, as the same hot, dry weather that boosted corn buoyed soy futures as well. Soybeans are grown in many of the same regions across the U.S. as corn.
Elsewhere, wheat for December delivery traded at USD8.9175 a bushel, gaining 0.3%. The December contract traded in a narrow range of USD883.88 a bushel, the daily low and a session high of USD8.9288 a bushel..
Wheat futures have been well supported in recent sessions, amid growing speculation Russia will implement a limit on grain exports, despite comments last week from Deputy Prime Minister Arkady Dvorkovich saying the country will not curb grain shipments even if its exportable surplus is exhausted.
In 2010, Russia barred grain exports amid a severe drought, prompting global buyers to turn to U.S. supplies.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Growing fears over dry weather conditions in Western Australia, the largest wheat producing state in Australia, further supported gains.
The nation cut its forecast for wheat production in the 2012-13 marketing season to 22.5 million tonnes, down 7% from an earlier estimate.
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The USDA will release its updated supply and demand and crop production reports on Wednesday.
The market is expecting the USDA report to show an upward revision to its soybean crop estimate, amid speculation some late-season rainfall across parts of the U.S. farm belt aided the crop.
The report was also expected to show a slight downward revision in U.S. corn supplies, as crop damage from severe drought conditions was seen as irreversible.
On the Chicago Mercantile Exchange, corn futures for December delivery traded at USD7.8788 a bushel, adding 0.6%. The December contract was stuck in a tight trading range of USD7.8162 a bushel, the daily low and a session high of USD7.8838 a bushel.
Prices slumped to a three-week low of USD7.8137 a bushel on Monday.
The USDA’s weekly crop progress report released after Monday’s closing bell showed that 15% of the U.S. corn crop was harvested as of September 9, up from 10% the preceding week and higher than the 5% recorded in the same week a year earlier.
Only 22% of the U.S. corn crop was rated in ‘good’ to excellent’ condition as of last week, unchanged from the previous week and below the 53% recorded in the same week a year earlier.
The share of the U.S. corn crop that was rated ‘poor’ to ‘very poor’ held steady at 52% last week.
The U.S. produced 38% of the world's corn last year, making it the both world's largest corn producing nation and the largest exporter of the grain.
Front-month prices touched an all-time high of USD8.4237 a bushel on August 10, as escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region drove prices higher.
Meanwhile, soybeans futures for November delivery traded at USD17.1788 a bushel, easing down 0.05%. The November contract fell to a session low of USD17.1100 a bushel earlier, the weakest level since August 28.
The USDA said that 32% of the soybean crop was rated ‘good’ to ‘excellent’ as of last week, compared to 30% a week earlier.
Prices came under pressure after updated weather models predicted beneficial rains in the drought-stricken U.S. Midwest crop region later in the week.
The November contract rallied to an all-time high of USD17.8888 a bushel on September 4, as the same hot, dry weather that boosted corn buoyed soy futures as well. Soybeans are grown in many of the same regions across the U.S. as corn.
Elsewhere, wheat for December delivery traded at USD8.9175 a bushel, gaining 0.3%. The December contract traded in a narrow range of USD883.88 a bushel, the daily low and a session high of USD8.9288 a bushel..
Wheat futures have been well supported in recent sessions, amid growing speculation Russia will implement a limit on grain exports, despite comments last week from Deputy Prime Minister Arkady Dvorkovich saying the country will not curb grain shipments even if its exportable surplus is exhausted.
In 2010, Russia barred grain exports amid a severe drought, prompting global buyers to turn to U.S. supplies.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Growing fears over dry weather conditions in Western Australia, the largest wheat producing state in Australia, further supported gains.
The nation cut its forecast for wheat production in the 2012-13 marketing season to 22.5 million tonnes, down 7% from an earlier estimate.
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Monday, September 10, 2012
grain futures prices september 10 2012
grain futures prices september 10 2012, Corn prices 9/10/2012, wheat prices sept 10 2012, U.S. grain futures were mixed during European morning hours on Monday, with wheat prices climbing to a two-week high on the back of ongoing concerns over a disruption to global supplies, while soybean prices edged lower after forecasts predicted some late-season rainfall across parts of the U.S. farm belt.
Grain traders were awaiting the release of the U.S. Department of Agriculture’s updated weekly crop progress report due out after Monday’s closing bell to gauge how ongoing drought conditions have impacted yields and damaged crops.
On the Chicago Mercantile Exchange, wheat for December delivery traded at USD9.0988 a bushel, gaining 0.5%.
Earlier in the day, the December contract rose by as much as 1.2% to hit a session high of USD9.1738 a bushel, the strongest level since August 23.
Wheat futures have rallied in recent sessions, amid growing fears Russia will implement a limit on grain exports, despite comments last week from Deputy Prime Minister Arkady Dvorkovich saying the country will not curb grain shipments even if its exportable surplus is exhausted.
In 2010, Russia barred grain exports amid a severe drought, prompting global buyers to turn to U.S. supplies.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Mounting fears over dry weather conditions in Western Australia, the largest wheat producing state in Australia, further supported gains.
Meanwhile, corn futures for December delivery traded at USD8.0338 a bushel, adding 0.5%. The December contract rose by as much as 0.9% earlier in the day to hit a session high of USD8.0638 a bushel, the highest since September 4.
Corn prices advanced, tracking wheat prices higher. Wheat and corn prices are linked because both can be used as animal feed.
The USDA will release its weekly crop progress report later in the day. Only 22% of the U.S. corn crop was rated in ‘good’ to excellent’ condition as of last week, below the 52% recorded in the same week a year earlier.
Front-month prices touched an all-time high of USD8.4237 a bushel on August 10, as escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region drove prices higher.
Elsewhere, soybeans futures for November delivery traded at USD17.3750 a bushel, shedding 0.2%.
The November contract fell by as much as 0.8% earlier in the session to hit a daily low of USD17.2213 a bushel, which was the weakest since August 28.
Prices came under pressure after updated weather models predicted beneficial rains in the drought-stricken U.S. Midwest crop region later in the week.
The November contract rallied to an all-time high of USD17.8888 a bushel on September 4, as the same hot, dry weather that boosted corn buoyed soy futures as well. Soybeans are grown in many of the same regions across the U.S. as corn.
U.S. soy crop conditions remain at the lowest levels since 1988 for this time of year, according to weekly crop progress data from the USDA.
Global soybean supplies are already on the decline, as severe drought conditions earlier in the year in major South American growers Brazil and Argentina damaged crops in the region.
Corn is the biggest U.S. crop, valued at USD66.7 billion in 2010, followed by soybeans at USD38.9 billion, government figures show. Wheat was fourth at USD13 billion, behind hay.
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Grain traders were awaiting the release of the U.S. Department of Agriculture’s updated weekly crop progress report due out after Monday’s closing bell to gauge how ongoing drought conditions have impacted yields and damaged crops.
On the Chicago Mercantile Exchange, wheat for December delivery traded at USD9.0988 a bushel, gaining 0.5%.
Earlier in the day, the December contract rose by as much as 1.2% to hit a session high of USD9.1738 a bushel, the strongest level since August 23.
Wheat futures have rallied in recent sessions, amid growing fears Russia will implement a limit on grain exports, despite comments last week from Deputy Prime Minister Arkady Dvorkovich saying the country will not curb grain shipments even if its exportable surplus is exhausted.
In 2010, Russia barred grain exports amid a severe drought, prompting global buyers to turn to U.S. supplies.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Mounting fears over dry weather conditions in Western Australia, the largest wheat producing state in Australia, further supported gains.
Meanwhile, corn futures for December delivery traded at USD8.0338 a bushel, adding 0.5%. The December contract rose by as much as 0.9% earlier in the day to hit a session high of USD8.0638 a bushel, the highest since September 4.
Corn prices advanced, tracking wheat prices higher. Wheat and corn prices are linked because both can be used as animal feed.
The USDA will release its weekly crop progress report later in the day. Only 22% of the U.S. corn crop was rated in ‘good’ to excellent’ condition as of last week, below the 52% recorded in the same week a year earlier.
Front-month prices touched an all-time high of USD8.4237 a bushel on August 10, as escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region drove prices higher.
Elsewhere, soybeans futures for November delivery traded at USD17.3750 a bushel, shedding 0.2%.
The November contract fell by as much as 0.8% earlier in the session to hit a daily low of USD17.2213 a bushel, which was the weakest since August 28.
Prices came under pressure after updated weather models predicted beneficial rains in the drought-stricken U.S. Midwest crop region later in the week.
The November contract rallied to an all-time high of USD17.8888 a bushel on September 4, as the same hot, dry weather that boosted corn buoyed soy futures as well. Soybeans are grown in many of the same regions across the U.S. as corn.
U.S. soy crop conditions remain at the lowest levels since 1988 for this time of year, according to weekly crop progress data from the USDA.
Global soybean supplies are already on the decline, as severe drought conditions earlier in the year in major South American growers Brazil and Argentina damaged crops in the region.
Corn is the biggest U.S. crop, valued at USD66.7 billion in 2010, followed by soybeans at USD38.9 billion, government figures show. Wheat was fourth at USD13 billion, behind hay.
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Sunday, September 9, 2012
grain futures prices forecast september 10-14 2012
grain futures prices forecast september 10-14 2012, wheat prices, corn prices, soybean futures prices : U.S. grain futures ended Friday’s session mixed, with wheat prices climbing to a one-week high on the back of ongoing concerns over a disruption to global supplies, while soybean and corn prices edged lower after forecasts predicted some late-season rainfall across parts of the U.S. farm belt.
On the Chicago Mercantile Exchange, wheat for December delivery settled at USD9.0550 a bushel by close of trade on Friday. Earlier in the day, prices rose to a session high of USD9.1238 a bushel, the highest since August 30.
The December wheat contract rose 1.85% on the week, the second consecutive weekly gain.
Wheat futures rallied Friday, amid growing fears Russia will implement a limit on grain exports, despite comments last week from Deputy Prime Minister Arkady Dvorkovich saying the country will not curb grain shipments even if its exportable surplus is exhausted.
In 2010, Russia barred grain exports amid a severe drought, prompting global buyers to turn to U.S. supplies.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Mounting fears over dry weather conditions in Western Australia, the largest wheat producing state in Australia, further supported gains.
Elsewhere on the Chicago Board of Trade, soybeans for November delivery settled at USD17.3325 a bushel by close of trade Friday. November soy prices retreated 1.2% on the week.
Prices came under pressure after updated weather models predicted beneficial rains in the drought-stricken U.S. Midwest crop region later next week.
The November contract rallied to an all-time high of USD17.8888 a bushel on September 4, as escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region drove prices higher.
Weekly data from the U.S. Department of Agriculture released earlier in the week showed that U.S. soy crop conditions remain at the lowest levels since 1988 for this time of year.
Global soybean supplies are already on the decline, as severe drought conditions earlier in the year in major South American growers Brazil and Argentina damaged crops in the region.
Meanwhile, corn futures for December delivery settled at USD7.9775 a bushel by close of trade on Friday. On the week, December corn prices dipped 0.25%.
Prices touched a record high of USD8.4237 a bushel on August 10, as the same hot, dry weather that boosted soybeans buoyed corn futures as well. Corn is grown in many of the same regions across the U.S. as soybeans.
In the week ahead, corn and soybean traders will continue to pay close attention to weather forecasts for the U.S. Midwest and Great Plains-region, while wheat traders will monitor crop conditions in Russia.
Market players will also focus on the USDA’s monthly supply and demand report scheduled for Wednesday, as well as the agency’s weekly crop progress report on Tuesday and Thursday’s weekly exports data.
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On the Chicago Mercantile Exchange, wheat for December delivery settled at USD9.0550 a bushel by close of trade on Friday. Earlier in the day, prices rose to a session high of USD9.1238 a bushel, the highest since August 30.
The December wheat contract rose 1.85% on the week, the second consecutive weekly gain.
Wheat futures rallied Friday, amid growing fears Russia will implement a limit on grain exports, despite comments last week from Deputy Prime Minister Arkady Dvorkovich saying the country will not curb grain shipments even if its exportable surplus is exhausted.
In 2010, Russia barred grain exports amid a severe drought, prompting global buyers to turn to U.S. supplies.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Mounting fears over dry weather conditions in Western Australia, the largest wheat producing state in Australia, further supported gains.
Elsewhere on the Chicago Board of Trade, soybeans for November delivery settled at USD17.3325 a bushel by close of trade Friday. November soy prices retreated 1.2% on the week.
Prices came under pressure after updated weather models predicted beneficial rains in the drought-stricken U.S. Midwest crop region later next week.
The November contract rallied to an all-time high of USD17.8888 a bushel on September 4, as escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region drove prices higher.
Weekly data from the U.S. Department of Agriculture released earlier in the week showed that U.S. soy crop conditions remain at the lowest levels since 1988 for this time of year.
Global soybean supplies are already on the decline, as severe drought conditions earlier in the year in major South American growers Brazil and Argentina damaged crops in the region.
Meanwhile, corn futures for December delivery settled at USD7.9775 a bushel by close of trade on Friday. On the week, December corn prices dipped 0.25%.
Prices touched a record high of USD8.4237 a bushel on August 10, as the same hot, dry weather that boosted soybeans buoyed corn futures as well. Corn is grown in many of the same regions across the U.S. as soybeans.
In the week ahead, corn and soybean traders will continue to pay close attention to weather forecasts for the U.S. Midwest and Great Plains-region, while wheat traders will monitor crop conditions in Russia.
Market players will also focus on the USDA’s monthly supply and demand report scheduled for Wednesday, as well as the agency’s weekly crop progress report on Tuesday and Thursday’s weekly exports data.
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Wednesday, September 5, 2012
Corn, soybeans futures prices sept 5 2012
Corn, soybeans futures prices sept 5 2012, grain prices september 5 2012, corn prices 9/5/2012, Wheat prices : U.S. grain futures were lower during European morning hours on Wednesday, with soybean prices pulling back from the previous session’s all-time high, though ongoing concerns over dismal crop conditions in the U.S. Midwest and Great Plains-region helped limit losses.
On the Chicago Mercantile Exchange, soybeans futures for November delivery traded at USD17.6225 a bushel, shedding 0.35%. The November contract fell by as much as 0.7% earlier in the session to hit a daily low of USD17.5588 a bushel.
Prices rallied to an all-time high of USD17.8888 a bushel on Tuesday.
Soy futures have gained sharply in recent weeks, as the same hot, dry weather that boosted corn buoyed soy futures as well. Soybeans are grown in many of the same regions across the U.S. as corn.
The U.S. Department of Agriculture’s weekly crop progress report released after Tuesday’s closing bell showed that 30% of the soybean crop was rated ‘good’ to ‘excellent’ as of September 2, unchanged from the previous week and significantly below the 56% recorded in the same week a year earlier.
U.S. soy crop conditions remain at the lowest levels since 1988 for this time of year.
Ongoing expectations that global demand for U.S. soybeans will remain strong in the near-term further supported the oilseed.
Global soybean supplies are already on the decline, as severe drought conditions earlier in the year in major South American growers Brazil and Argentina damaged crops in the region.
Meanwhile, corn futures for December delivery traded at USD7.9875 a bushel, slumping 0.7%. The December contract fell by as much as 0.75% earlier in the day to hit a session low of USD7.9812 a bushel.
Front-month prices touched an all-time high of USD8.4237 a bushel on August 10.
The USDA said last week that only 22% of the U.S. corn crop was rated in ‘good’ to excellent’ condition as of last week, unchanged from the previous week and below the 52% recorded in the same week a year earlier.
The share of the U.S. corn crop that was rated ‘poor’ to ‘very poor’ held steady at 52% last week.
The U.S. produced 38% of the world's corn last year, making it the both world's largest corn producing nation and the largest exporter of the grain.
Escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region have fuelled a furious rally in grain prices over the past two months.
Corn prices have surged nearly 55% during the period, while soy prices added 30%.
Elsewhere, wheat for December delivery traded at USD8.8350 a bushel, declining 0.6%. Earlier in the day, the December contract fell by as much as 0.85% to hit a session low of USD8.8112 a bushel.
Wheat prices were lower for the third consecutive day, as traders conintued to readjust positions after Russia said last week that it would not limit grain exports, disappointing market players who had been betting on a disruption to supplies from the country.
Russia’s Deputy Prime Minister Arkady Dvorkovich said last Friday the country will not limit grain exports even if its exportable surplus is exhausted.
Prices had rallied to a three-week high of USD9.1450 a bushel on August 30, amid growing fears the country will implement a limit on grain exports.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Corn is the biggest U.S. crop, valued at USD66.7 billion in 2010, followed by soybeans at USD38.9 billion, government figures show. Wheat was fourth at USD13 billion, behind hay.
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On the Chicago Mercantile Exchange, soybeans futures for November delivery traded at USD17.6225 a bushel, shedding 0.35%. The November contract fell by as much as 0.7% earlier in the session to hit a daily low of USD17.5588 a bushel.
Prices rallied to an all-time high of USD17.8888 a bushel on Tuesday.
Soy futures have gained sharply in recent weeks, as the same hot, dry weather that boosted corn buoyed soy futures as well. Soybeans are grown in many of the same regions across the U.S. as corn.
The U.S. Department of Agriculture’s weekly crop progress report released after Tuesday’s closing bell showed that 30% of the soybean crop was rated ‘good’ to ‘excellent’ as of September 2, unchanged from the previous week and significantly below the 56% recorded in the same week a year earlier.
U.S. soy crop conditions remain at the lowest levels since 1988 for this time of year.
Ongoing expectations that global demand for U.S. soybeans will remain strong in the near-term further supported the oilseed.
Global soybean supplies are already on the decline, as severe drought conditions earlier in the year in major South American growers Brazil and Argentina damaged crops in the region.
Meanwhile, corn futures for December delivery traded at USD7.9875 a bushel, slumping 0.7%. The December contract fell by as much as 0.75% earlier in the day to hit a session low of USD7.9812 a bushel.
Front-month prices touched an all-time high of USD8.4237 a bushel on August 10.
The USDA said last week that only 22% of the U.S. corn crop was rated in ‘good’ to excellent’ condition as of last week, unchanged from the previous week and below the 52% recorded in the same week a year earlier.
The share of the U.S. corn crop that was rated ‘poor’ to ‘very poor’ held steady at 52% last week.
The U.S. produced 38% of the world's corn last year, making it the both world's largest corn producing nation and the largest exporter of the grain.
Escalating concerns over the impact of the worst drought in at least 56 years in the U.S. Midwest and Great Plains-region have fuelled a furious rally in grain prices over the past two months.
Corn prices have surged nearly 55% during the period, while soy prices added 30%.
Elsewhere, wheat for December delivery traded at USD8.8350 a bushel, declining 0.6%. Earlier in the day, the December contract fell by as much as 0.85% to hit a session low of USD8.8112 a bushel.
Wheat prices were lower for the third consecutive day, as traders conintued to readjust positions after Russia said last week that it would not limit grain exports, disappointing market players who had been betting on a disruption to supplies from the country.
Russia’s Deputy Prime Minister Arkady Dvorkovich said last Friday the country will not limit grain exports even if its exportable surplus is exhausted.
Prices had rallied to a three-week high of USD9.1450 a bushel on August 30, amid growing fears the country will implement a limit on grain exports.
Russia is a major wheat exporter and competes with the U.S. for business on the global market. A disruption to exports from the country could boost demand for U.S. supplies, which is the world’s third largest wheat producer and biggest exporter.
Corn is the biggest U.S. crop, valued at USD66.7 billion in 2010, followed by soybeans at USD38.9 billion, government figures show. Wheat was fourth at USD13 billion, behind hay.
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U.S. soft futures prices 9/5/2012
U.S. soft futures prices 9/5/2012, cotton prices spetember 5 2012, sugar prices sept 5 2012, .S. Department of Agriculture’s weekly crop progress report, Arabica coffee futures prices 9/3/2012 : U.S. soft futures were mostly lower during early U.S. morning trade on Wednesday, with sugar prices falling to a fresh three-month low before bouncing modestly higher on technical buying, as investors continued to eye the pace of the harvest in top grower Brazil.
On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.1943 a pound, adding 0.25%.
The October contract fell by as much as 0.5% earlier to hit a session low of USD0.1930 a pound, the weakest level since June 6.
Sentiment on the sweetener has been downbeat in recent weeks, losing nearly 18% since mid-July amid easing concerns over the pace of the harvest in Brazil’s Center South region.
Brazil’s top sugar industry group Unica said late last month that sugar output in Brazil’s Center South region rose 14% in the first half of August, as dry weather conditions aided the harvest.
Sugar production rose to 3.02 million metric tons between August 1 and August 15 from 2.66 million tons a year earlier.
Sugar-cane growers harvested 44.2 million tons in the period, up 14% from 38.7 million tons a year earlier.
Sugar prices rallied to a four-month high of USD0.2398 a pound on July 20, as fears that heavy rains in Brazil could damage sugarcane crops in the country’s center-south region boosted sentiment on the sweetener.
Brazil’s center south-region produces nearly 90% of the nation’s sugar. The South American country is the world’s largest sugar producer and exporter, with the USDA estimating the nation accounts for nearly 20% of global production and 39% of global sugar exports.
Meanwhile, Arabica coffee for December delivery traded at USD1.6525 a pound, easing down 0.05%.
The December contract was stuck in a tight trading range of USD1.6388 a pound, the daily low and a session high of USD1.6638 a pound.
Coffee prices, like sugar, have been under pressure in recent weeks, as receding concerns over the impact of adverse weather conditions on crops in key growing regions in Brazil dampened the appeal of the commodity.
Coffee futures have lost approximately 13% since hitting a four-month high of USD1.9215 a pound on July 11.
Brazil is the world’s largest producer and exporter of Arabica coffee. Arabica is grown mainly in Latin America and brewed by specialty companies.
Elsewhere, cotton futures for October delivery traded at USD0.7495 a pound, shedding 0.1%.
The front-month contract was stuck in a tight trading range of USD0.7485 a pound, the daily low and a session high of USD0.7541 a pound.
The U.S. Department of Agriculture’s weekly crop progress report released after Tuesday’s closing bell showed that 42% of the U.S. cotton crop was rated ‘good’ to ‘excellent’ as of September 2, down 1% from a week earlier, but up from the 28% recorded in the same week a year earlier.
In the major producing state of Texas, only 23% of the cotton crop was seen as in ‘good’ or ‘excellent’ health, unchanged from the previous week.
Cotton futures have rallied in recent weeks, up nearly 11% from the lows touched in early June, as technical buying and concerns over deteriorating U.S. crop conditions boosted sentiment on the commodity.
Despite recent gains, the fiber is still down almost 65% from a record high of USD2.1970 a pound in March 2011, as higher prices prompted farmers to plant more crops and demand in top consumer China slowed.
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On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.1943 a pound, adding 0.25%.
The October contract fell by as much as 0.5% earlier to hit a session low of USD0.1930 a pound, the weakest level since June 6.
Sentiment on the sweetener has been downbeat in recent weeks, losing nearly 18% since mid-July amid easing concerns over the pace of the harvest in Brazil’s Center South region.
Brazil’s top sugar industry group Unica said late last month that sugar output in Brazil’s Center South region rose 14% in the first half of August, as dry weather conditions aided the harvest.
Sugar production rose to 3.02 million metric tons between August 1 and August 15 from 2.66 million tons a year earlier.
Sugar-cane growers harvested 44.2 million tons in the period, up 14% from 38.7 million tons a year earlier.
Sugar prices rallied to a four-month high of USD0.2398 a pound on July 20, as fears that heavy rains in Brazil could damage sugarcane crops in the country’s center-south region boosted sentiment on the sweetener.
Brazil’s center south-region produces nearly 90% of the nation’s sugar. The South American country is the world’s largest sugar producer and exporter, with the USDA estimating the nation accounts for nearly 20% of global production and 39% of global sugar exports.
Meanwhile, Arabica coffee for December delivery traded at USD1.6525 a pound, easing down 0.05%.
The December contract was stuck in a tight trading range of USD1.6388 a pound, the daily low and a session high of USD1.6638 a pound.
Coffee prices, like sugar, have been under pressure in recent weeks, as receding concerns over the impact of adverse weather conditions on crops in key growing regions in Brazil dampened the appeal of the commodity.
Coffee futures have lost approximately 13% since hitting a four-month high of USD1.9215 a pound on July 11.
Brazil is the world’s largest producer and exporter of Arabica coffee. Arabica is grown mainly in Latin America and brewed by specialty companies.
Elsewhere, cotton futures for October delivery traded at USD0.7495 a pound, shedding 0.1%.
The front-month contract was stuck in a tight trading range of USD0.7485 a pound, the daily low and a session high of USD0.7541 a pound.
The U.S. Department of Agriculture’s weekly crop progress report released after Tuesday’s closing bell showed that 42% of the U.S. cotton crop was rated ‘good’ to ‘excellent’ as of September 2, down 1% from a week earlier, but up from the 28% recorded in the same week a year earlier.
In the major producing state of Texas, only 23% of the cotton crop was seen as in ‘good’ or ‘excellent’ health, unchanged from the previous week.
Cotton futures have rallied in recent weeks, up nearly 11% from the lows touched in early June, as technical buying and concerns over deteriorating U.S. crop conditions boosted sentiment on the commodity.
Despite recent gains, the fiber is still down almost 65% from a record high of USD2.1970 a pound in March 2011, as higher prices prompted farmers to plant more crops and demand in top consumer China slowed.
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