CHICAGO, Sept 30 (Reuters) – The U.S. Agriculture Department on Thursday pegged U.S. corn stocks as of Sept. 1 at 1.708 billion bushels, above trade for 1.412 billion bushels. Stocks stood at 1.673 billion a year ago. The USDA, in its quarterly grain stocks report, estimated soybean ending stocks on Sept. 1 at 151.1 million… read more
Tag Archives: Economis news
Crude Oil Inventories / Futures Broker
NEW YORK, Sept 29 (Reuters) – U.S. crude oil inventories fell slightly more than expected last week on lower imports, a government report showed on Wednesday. Stocks of gasoline and distillates also dropped, against forecasts of builds, as refinery utilization slumped 2 percentage points to 85.8 percent, according to the report by the U.S. Energy… read more
Grain News and Calls / Futures Broker
WHEAT – Down 18 to 20 cents per bushel. Improved crop weather in several important growing areas, including drought-hit Russia, long-liquidation and profit-taking combining to weigh on wheat market. * Improved chances for rainfall in the drought-hit regions of Russia will boost soil moisture and aid germination of newly sown winter wheat. * Favorable weather… read more
Grain News and Opening Calls – Futures Broker
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are poised to end a three-day losing streak on global weather worries and spillover support from a rally to nearly two-year highs in corn. Traders remain nervous about tight world supplies of wheat after a severe drought devastated Russia’s crop this summer and prompted… read more
Futures Broker/ Grain News and Calls
CHICAGO (Dow Jones)–U.S. corn futures are expected to open slightly lower Friday on seasonal pressure and profit-taking ahead of the three-day holiday weekend. Chicago Board of Trade corn is called 1 to 2 cents lower. In overnight trade, September corn was down 2 cents to $4.31 per bushel and December corn was down 1 1/2… read more
Futures Broker / Grain News and Calls
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are expected to rise as traders digest disappointing harvest results from former Soviet states devastated by drought and wait for the results of a tender from Egypt, the world’s largest importer of the grain. The harvest is rolling in the former Soviet Union and… read more
Futures Broker / Grain Report
WASHINGTON, June 30 (Reuters) – U.S. farmers could harvest 13.2 billion bushels of corn, the Agriculture Department’s annual report on plantings indicated on Wednesday, implying harvest could be 1 percent smaller than its forecast earlier this month, but still narrowly topping last year’s record. Soybean harvest could be 3.3 billion bushels, up 1 percent from… read more
Futures News / Grain Calls and News
WHEAT – Up 1 to 2 cents per bushel. Short-covering support as market remains heavily loaded with fund shorts. USDA’s export sales report also supportive. Gains limited by plentiful supplies of wheat as noted by Thursday’s IGC report and a firm dollar. CORN – Up 2 to 3 cents per bushel. Short-covering technical rebound after… read more
Futures Broker / Grain Calls and News
WHEAT – Up 3 to 4 cents per bushel. * Short-covering as wet weather in Canada continues to cause potential further harm to the wheat crop CORN – Down 1 to 2 cents per bushel. * Follow-through technical selling, good U.S. crop weather and lower crude oil combine to weigh on corn futures. SOYBEANS –… read more
Livestock News
CHICAGO, March 31 (Reuters) – Chicago Mercantile Exchange cattle futures were narrowly mixed early on Wednesday in electronic trading as beef market was seen topping. Hogs were higher on support from Friday’s bullish hog report with steadier cash hogs and higher product supportive.… read more