Americas
Tuesday, 30 April 2013 03:50
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CHICAGO: US corn futures surged 6 percent on Monday in the biggest one-day gain since last year's drought, as traders feared that one of the slowest starts to spring planting on record would curtail the crop.The abrupt spike in prices, which have been languishing near their lowest levels since last June, lifted wheat and soybean prices around 3 percent as well. A drop in the US dollar also aided gains, with traders banking on the Federal Reserve and the European central bank to continue efforts to stimulate growth.After the close of trade, US government data confirmed traders' worse fears about the pace of spring planting: only 5 percent of the crop was in the ground as on Sunday, matching 1984's record for lowest percentage planted for this time of year. Plantings last year were 53 percent done.Many investors were betting on a return to beneficial growing conditions after the worst ...
NEW YORK: US spot natural gas prices edged higher on Monday on forecasts of cooler weather for the Midwest and South later this week, but lagging cash quotes relative to futures raised prospects that the physical market may finally be loosening up.It was the first time in six sessions that cash prices gained."Prices were up, but the market feels weak relative to paper (futures). Cash has traded above the (NYMEX) screen for most of this ...
AMSTERDAM: US wheat fell on Friday as traders booked profits, a day after the contract rose more than 1 percent on supply worries fuelled by unfriendly crop weather in top exporter the United States.Corn and soybeans slipped in line with wheat, while all three were on track to post weekly losses, partly weighed down by a slower-than-expected pace of US export sales.Chicago Board of Trade May wheat lost 0.53 percent to $6.97-1/2 a bushel by ...
CHICAGO: Chicago Board of Trade (CBOT) corn futures fell for the second consecutive trading session on Tuesday on forecasts for better US corn planting weather beginning this weekend and on recent rainfall that eased drought concerns and boosted production prospects.The CBOT new-crop December corn futures contract, the month most sensitive to 2013 US planting and growing weather, fell to a 10-month low, trading down 10-1/4 cents per bushel at $5.22-3/4.US corn plantings have been stalled ...
PARIS: Chicago corn futures fell on Monday following reports of better weather, having risen by more than 1 percent in the previous session, but concerns remain about a slowdown in planting due to recent heavy rains. Improved weather also pushed down wheat, which had risen in the previous session due to worries that rain could damage the soft red winter crop in the Midwest and that cold could hurt hard red winter wheat in the ...
CHICAGO: US soybean and soymeal futures jumped to three-week highs on Thursday on worries about tightening supplies and strong export demand, while corn futures dropped as traders shrugged off planting delays due to rain.Soybeans, which are crushed to make meal, extended recent gains on ideas export loading delays in Brazil could steer more global demand to the United States, where supplies are projected to shrink to a nine-year low ahead of the autumn harvest.Weekly US ...
CHICAGO: Another round of freezing temperatures in the US Plains at midweek probably harmed more of the winter wheat crop, while heavy rainfall in the Midwest again helped ease drought stress but also stalled corn plantings, an agricultural meteorologist said on Thursday."Temperatures fell to the low to mid-20s (degrees Fahrenheit) in the Texas and Oklahoma Panhandles this morning, and more widespread freezing is expected Friday morning," said Andy Karst, meteorologist for World Weather Inc.Karst said ...
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