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Orange juice at 2-year high as USDA trims Florida crop estimates NEW YORK: U.S. orange juice prices hit two-year highs on Wednesday after a government crop report trimmed last month's forecasts for production and yield from Florida.The active front-month contract for frozen concentrated orange juice on ICE Futures U.S., May, settled up 3 percent, or 4.8 cents, at $1.6030 a lb. During the session, the contract shot up $1.6180, its highest since April 2012.The U.S. Department of Agriculture cut its latest estimates for Florida's orange output and yield in a report issued after one of the most brutal winters in decades.Florida's orange output for 2013/14 had been reduced to 110 million boxes from a previous forecast of 114 boxes in March, the USDA said."The Florida all orange forecast, at 110 million boxes (4.95 million tons), is down 4 percent from the previous forecast and down 18 percent from last season's final utilization," it said.Yields for frozen concentrated orange juice were revised ...

CBOT corn falls on profit-taking, decline in wheat futures CHICAGO: US corn futures shed about 1 percent on Wednesday, losing ground after notching a seven-month high earlier in the session as investors took profits in the wake of a government report showing decreased ending stocks of the grain, traders said.A steep drop in wheat futures tied to more plentiful global wheat supplies also weighed on corn futures. Most-active Chicago Board of Trade May corn futures fell as low as $5.00 per bushel before finding ...
CBOT corn eases on profit-taking ahead of USDA report CHICAGO: US corn futures edged lower on Monday, declining for the first time in three sessions as investors locked in profits ahead of a government crop report due on Wednesday, traders said.Traders were evening out positions ahead of the US Agriculture Department's supply and demand report in which analysts, on average, expected the government to reduce US corn and global ending stocks.Warm and dry conditions this week in the US Midwest could also allow farmers ...
Wheat bounces from 3-week low; crop ratings eyed CHICAGO: US wheat futures edged higher on Monday after touching a three-week low in the previous session as traders worried that key growing areas of the US Plains will remain unfavorably dry.Weekend rains in the US Plains breadbasket were lighter than expected, and there were doubts that an upcoming storm system would bring significant relief to the crops.Traders were waiting for the US Department of Agriculture to issue its first weekly crop-progress report of 2014, ...
U.S. corn, soy to be seeded on time despite slow start: forecaster CHICAGO: Temperatures are expected to remain cooler than usual across the U.S. Midwest this spring but farmers should be able to plant in a timely fashion because precipitation will not be greater than normal, an agricultural meteorologist said on Thursday."We are going to see a slow start to planting," Kyle Tapley with MDA Weather said at a conference. "But without any real excessive rainfall, which we are not expecting at this point, I would not ...
Coffee prices seesaw in short-term trade, sugar drops NEW YORK/LONDON: Arabica coffee futures on ICE were lower on Wednesday, in a heavily-traded session that spanned a wide 10-cent range as day traders tested chart-based levels on both sides of unchanged.Raw sugar on ICE Futures U.S. and white sugar on Liffe fell for the third straight day on technical selling. Cocoa also dropped, in line with the weak 19-commodity Thomson Reuters/CoreCommodity CRB Index.May arabica coffee futures on ICE ended down 2.55 cents, or 1.5 ...
Profit taking sparks sell-off in US wheat, corn, soybeans CHICAGO: US grain and soy futures fell sharply on Wednesday, with corn and soybeans falling back from multi-month highs, on a round of profit taking following rallies earlier in the week. "The market is taking a breather," said Dewey Strickler, president of Ag Watch Market Advisors.Chicago Board of Trade wheat and corn futures led the declines, both shedding 2.3 percent. The front-month wheat contract notched its biggest daily decline since Feb. 27."On the technical side ...


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