Thursday, 18 April 2013 18:16
Posted by Abdul Ahad
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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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 Plains. May corn was down 0.84 percent to $646-1/2 a bushel by 1108 GMT on the Chicago Board of Trade, having gained 1.2 percent in the last session. May wheat lost 0.85 percent to $7.03 a bushel, after closing up 0.9 percent in the previous session. May soybeans futures slipped 0.35 percent to $14.23-1/4 a bushel. They had settled at $14.28-1/4 on Friday, down 0.2 percent. "There have been some reports in the past 48 ...
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 ...
CHICAGO: US soybean futures bucked early profit-taking pressure and rallied to a three-week high on Wednesday on tight US supplies and a stronger cash market.Wheat shed earlier weather-fueled gains, overcome by technical selling and spillover pressure from a higher dollar and lower outside markets.Corn futures ended mixed. Profit-taking pressured old-crop values, but new-crop corn contracts gained as the heavy rains across the Midwest grain belt delayed spring planting.The turnaround in soybeans came amid concerns that ...
TORONTO: Shares of North America's gold miners slid on Friday as the spot price of bullion dropped more than 4 percent, falling below $1,500 an ounce to its lowest point since July 2011.Gold touched a low of $1,493.35, more than 20 percent below its record peak in September 2011, weighed down in part by a draft plan for Cyprus to sell bullion, and outflows from exchange-traded gold funds."Gold is getting hit hard, and gold miners ...
WINNIPEG: ICE Canada canola futures rose on Thursday in choppy early trade, following soybeans higher on concerns about tight US soybean ending stocks.A stronger Canadian dollar held canola's gains in check.Canola outperformed soybeans on Wednesday despite bearish US Department of Agriculture global crop stocks data. The data limited oilseed gains on Thursday.Benchmark May canola was trading around its closely watched moving average, keeping funds on the sidelines. A dip below the average would trigger fund ...
