Wednesday, 19 October 2011 00:11
Posted by Abdul Ahad
CHICAGO: Soymeal spot basis offers were higher at truck and export markets around the United States on Tuesday, supported by light country sales of soybeans and as rains delayed harvest in the US Midwest, dealers said.
* Farmers are putting harvested supplies in storage bins and waiting for futures to rise before delivering any soybeans beyond the beans they sold earlier this year.
* Cash prices in soybeans in most of the country are below the $13 per bushel price target of many growers.
* The slow farmer sales have limited crushing supplies at processors at a time of year when soy stocks typically are most plentiful.
* Persistent talk that soybeans are dryer than normal this year, and are yielding less protein and oil when crushed, are also supportive to soymeal basis offers, traders said.
* Offers climbed $5 per ton in Lafayette, Indiana, while offers were $1-$2 higher for truck pickup in the ...
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CHICAGO: Soymeal spot basis offers were higher at truck and export markets around the United States on Tuesday, supported by light country sales of soybeans and as rains delayed harvest in the US Midwest, dealers said.
* Farmers are putting harvested supplies in storage bins and waiting for futures to rise before delivering any soybeans beyond the beans they sold earlier this year.
* Cash prices in soybeans in most of the country are below the $13 per bushel price target of many growers.
* The slow farmer sales have limited crushing supplies at processors at a time of year when soy stocks typically are most plentiful.
* Persistent talk that soybeans are dryer than normal this year, and are yielding less protein and oil when crushed, are also supportive to soymeal basis offers, traders said.
* Offers climbed $5 per ton in Lafayette, Indiana, while offers were $1-$2 higher for truck pickup in the ...
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Corn and wheat fell with soybeans then pared losses to head marginally higher on firm cash markets and bargain buying after recent declines.
The slowdown in growth in China, a major consumer of a variety of commodities from ...
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Once environmental impact studies and permits are complete, Haile will be the only modern gold mine east ...
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Global stocks gained and the euro strengthened, with markets also buoyed by surging US retails sales.
New York's March raw sugar contract rose 1.02 cents, or 3.8 percent, to settle at 27.93 cents per lb, having hit a session high of ...
