Evening markets: wheat crop upgrade sees grains miss rally
October 14, 2011 by khanhdoan2
Evening markets: wheat crop upgrade sees grains miss rally It might not have looked that way in Chicago, but Wednesday was an upbeat day for risk assets, many commodities included. With minutes of a Federal Reserve meeting showing broad agreement for measures to ease monetary policy, and Slovakia deemed set in the end to get [...]
South East Asia can boost UAE’s position as world leader in rice re-exports
October 14, 2011 by khanhdoan2
Dr Faisal Ali Mousa believes Rice Dubai 2011 can persuade Vietnam, Cambodia to make Emirates regional hub Dubai, UAE, 12th October, 2011: The UAE’s position as the world’s biggest re-exporter of rice can be reinforced by an increase in imports of the grain from South East Asia, according to the driving force behind an important [...]
Stocks upgrade puts ‘writing on wall’ for cotton
October 14, 2011 by khanhdoan2
Cotton prices tumbled back below 100 cents a pound after US officials lifted expectations for the world harvest, in data which may have "put the writing on the wall" for ideas of tight supplies. The US Department of Agriculture raised by 2.9m bales to 54.8m bales its estimate for world cotton stocks at the close [...]
Wheat prices fall as world stocks hit 10-year high
October 14, 2011 by khanhdoan2
Wheat prices slumped 6% after the US lifted by 7.8m tonnes its estimate for world supplies of the grain, boosted by forecasts of larger domestic stocks and the best harvest in Kazakhstan for 30 years. The US Department of Agriculture, in its much-watched Wasde report, hiked to 202.4m tonnes its forecast for world wheat stocks [...]
Wheat and corn futures fall while oat and soybean futures rise on the CBOT
October 14, 2011 by khanhdoan2
CHICAGO — Grains futures traded mixed Wednesday on the Chicago Board of Trade. Wheat for December delivery dropped 34 cents to $6.2675 a bushel; December corn fell 4.25 cents to $6.4075 a bushel; December oats rose 6 cents to $3.45 a bushel; while November soybeans rose 4 cents to $12.3950 a bushel. Beef futures and [...]
Corn, soybeans fight back after USDA report
October 14, 2011 by khanhdoan2
After dropping as much as 10 cents per bushel in early trading on the Chicago Board of Trade after what appeared to be a bearish U.S. Department of Agriculture harvest report, corn and soybean prices fought back to end the day unchanged. Corn closed the market day down about a half-cent at $6.44 per bushel [...]
Corn rally changes ideas over key US crop report
October 14, 2011 by khanhdoan2
The strength of the rebound in corn prices signals that a key crop report later on Wednesday may have trouble reversing the rally, and would require far higher crop estimates than analysts are counting on. The US Department of Agriculture is expected, in its monthly Wasde report, to edge its forecast for the domestic corn [...]
Grain prices spike on Russia plans for export levy
October 14, 2011 by khanhdoan2
Grain prices spiked after Russia revived plans for grain export duties amid fears that its surging pace of shipments would deplete inventories. Viktor Zubkov, the Russian deputy prime minister who in June voiced proposals for a levy, said on Tuesday that the government was considering reviving the plan to prevent its grain stocks falling below [...]
Scope ‘limited’ for further falls in coffee prices
October 14, 2011 by khanhdoan2
Investors should be wary of betting on further falls in coffee futures, even as they lurched lower again on Tuesday, the International Coffee Organization said, forecasting a 3.1% drop in world production. The scale of the fall in coffee futures, which have dropped 16% in London on a front-contract basis and 23% in New York, [...]
Bumper Ukraine grain exports back on the agenda
October 14, 2011 by khanhdoan2
Ukraine’s cancellation of grain export duties has put buoyant shipments back on the agenda – provided President Viktor Yanukovych does not delay in signing off the plans. The country has enough time left in 2011-12 to rebuild its pace of exports sufficient to reach 9m tonnes of wheat and 12.5m tonnes of corn over the [...]
