Australia
Friday, 24 May 2013 11:00
11
SYDNEY: US soybeans rose for a seventh straight session on Friday as the oilseed closed in on its biggest two-week gain in nearly nine months as tight old-crop stocks and continued strong demand underpinned gains.Corn edged lower for the first time in three sessions, while wheat held steady after surging more than 2 percent in the previous session.Chicago Board of Trade July soybeans rose 0.33 percent to $15.04-1/2 a bushel, having closed up 0.35 percent in the previous session.Soybeans are on course to finish the week up 3.85 percent, the largest gain since August 24, 2012. Two-week gains hit 7.5 percent, the largest two-week surge since the end of August 2012.Soybean prices have risen due to tight US old-crop stocks, but traders said it was not yet clear if prices would rise further or buyers would look to sellers in South America, which has been hit by logistical problems."Soybean export ...
CHICAGO: Chicago Board of Trade corn and soybean price spreads reached multi-month highs on Monday as razor thin supplies at country elevators and processors forced traders to cover short positions before May contracts expire.The front-month Chicago Board of Trade May corn contract rallied to a premium of 57-1/2 cents compared with the July contract, the biggest inverse in the market since Jan. 8. The premium for CBOT May soybeans peaked at $1.44 higher than CBOT ...
CHICAGO: Chicago Mercantile Exchange (CME) feeder cattle futures rose on Friday, led higher by deferred contracts, on expectations for lower cattle feed costs following a government forecast for a big build in corn supplies, traders and analysts said.The US Department of Agriculture (USDA), in its May supply and demand report released on Friday, forecast a 164 percent increase in the supply of corn next year in the United States due to an expected record crop ...
SYDNEY: US soybeans fell on Wednesday for the first day in three and after gaining more than 1 percent in the previous session, as traders squared positions ahead of the release of the US Department of Agriculture's monthly crop report.Wheat fell for the second consecutive session, weighed down by improved crop conditions, though losses were capped by forecasts for further cold weather across the US Plains.FUNDAMENTALSChicago Board Of Trade May wheat fell 0.42 to $7.05-3/4 ...
SYDNEY: US corn edged lower on Wednesday, after recording its biggest daily gain in over a month in the previous session, as traders readied for the latest US Department of Agriculture monthly crop report.Soybeans retreated after firming more than 1 percent on Tuesday, while wheat extended declines to a second straight session as improved crop conditions weighed on the grain, though the losses were capped by forecasts for further cold weather across the US Plains.Chicago ...
SYDNEY: US soybean futures fell on Wednesday as traders squared positions after gains the day before on concerns over port congestion in Brazil, but trading was muted ahead of a US Department of Agriculture report.Corn also dropped, extending losses into a second session on expectations the USDA will forecast bumper planting intentions by farmers. Wheat slid, giving back some of its gains from Wednesday.Chicago Board of Trade May soybeans had eased 0.17 percent to $14.45-1/4 ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
