The U.S. trade deficit narrowed unexpectedly in November as exports climbed to the highest level in more than two years, government data showed on Thursday. KEY POINTS: * The number of Americans filing for first-time unemployment benefits rose to 445,000 from an upwardly revised reading of 410,000 in the prior week, the Labor Department said. * It was the… read more
Tag Archives: economic news
Grains Opening Calls /Futures Broker
1/12 07:51 CST CBOT grains and soy to rally on bullish USDA data 1-12-2011 08:37 CBOT grains and soy to rally on bullish USDA data CHICAGO, Jan 12 (Reuters) – CBOT corn was expected to open 0 to 15 cents per bushel higher on Wednesday following the elease of bullish U.S. and global crop and… read more
Grain Stocks and Production Report / Futures Broker
01/12 07:37 CST UPDATE 1-US slashes soy, corn stocks below expectation 1-12-2011 08:37 UPDATE 1-US slashes soy, corn stocks below expectatio * US soy end stocks 140 mln, 10 pct below est * US corn end stocks 745 mln, 4 pct below est * US Dec 1 soy stocks 2.277 bln, 3 pct below est… read more
Grains Opening Calls and News / Futures Broker
CHICAGO (Dow Jones)–U.S. wheat futures are expected to start slightly higher Monday as the markets rebound from a sell-off last week. Futures prices recovered a bit after falling 2.5% last week in a setback from a surge to 28-month highs. Poor global weather, including excessive rains in eastern Australia, sparked the recent rally and continue… read more
Grains Lower Rebalancing Begins On Friday / Futures Broker
WHEAT – Down 7 to 8 cents per bushel. Firm dollar and follow-through technical selling lending pressure as long-liquidation continues as index fund portfolio rebalancing begins on Friday. * Mostly favorable conditions for final wheat harvest in southern Australia while wet weather remains a problem in the north. [ID:nDTN614] * The potential for snowfall this… read more
Unemployment 9.4% – Nonfarm payrolls rise 103,000 in December
* Nonfarm payrolls rise 103,000 in December * Private employment gains 113,000 * Unemployment rate falls to 9.4 pct from 9.8 pct * Average work week unchanged at 34.3 hrs By Lucia Mutikani WASHINGTON, Jan 7 (Reuters) – The U.S. economy created far fewer jobs that expected in December, suggesting the Federal Reserve will complete its asset… read more
Grain Calls and News /Futures Broker
WHEAT – Down 5 to 6 cents per bushel. Firm dollar and profit-taking after Wednesday’s rally weighs on prices. Traders said the wheat market appeared to be topping out at around five-month highs in CBOT and two-year highs in KCBT and MGEX. * Mostly favorable conditions for wheat harvest in southern Australia while showers in… read more
US Jobless claims up
WASHINGTON, Jan 6 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, but a decline in the four-week average to a fresh low in more than two years indicated the labor market improvement remained intact. Initial claims for state unemployment benefits increased 18,000 to a seasonally adjusted 409,000, the Labor Department said on Thursday, above… read more
Futures News – U.S. Private Employers add Jobs!
Futures news – NEW YORK, Nov 16 (Reuters) – U.S. private employers added 297,000 jobs in December compared with a revised gain of 92,000in November, a report by a payrolls processor showed on Wednesday. The November figure was originally reported as a gain of93,000. The median of estimates from 27 economists surveyed by Reuters for… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Down 1 to 2 cents per bushel. Profit-taking after CBOT wheat rally to five-month highs and as high-protein KCBT and MGEX wheats rose to two-year highs due to deterioration of Australia’s crop amid excessive rainfall and flooding and on dryness in the U.S. Plains HRW wheat area. * Australia wheat quality slumps in… read more