WHEAT – Up 2 to 4 cents per bushel Strength in corn, weaker dollar expected to lead wheat futures higher early. CORN – Up 3 to 5 cents per bushel Prices expected to resume upward trend, after pause on Wednesday, as weak dollar spurs buying from investors seeking hedge against inflation. Commercial buying noted after… read more
Tag Archives: economic news
Grain Opening Calls and News / Futures Broker
WHEAT – Down 4 to 6 cents per bushel Market considered overbought after Friday’s corn-led rally. Firm dollar also overhanging prices. Traders waiting for results of Egyptian tender to give direction to market. * Dry weather a concern for planting of this year’s winter wheat crop in places like Indiana and western Ohio. CORN –… read more
Market news to Watch – 10/11/2010-10/15/2010: Futures News
Five Market Changers to Watch This Week ________________________________________ • Fed chief speaks: Ben Bernanke, chairman of the Federal Reserve, will speak early Friday morning (8:15 a.m.) on “monetary policy in a low inflation environment.” Reaction to the speech could be strong. Experts expect the dollar to regain ground next week in light of its decline… read more
Unemployment rate rises to 9.7%
* Nonfarm payrolls seen flat in September * Private employment likely edged up 75,000 * Unemployment rate seen rising to 9.7 pct from 9.6 pct * Average work seen steady at 34.2 hours By Lucia Mutikani WASHINGTON, Oct 8 (Reuters) – The U.S. economy probably added no jobs in… read more
Jobless Claims / Future Broker
WASHINGTON (AP) — Applications for unemployment benefits fell last week for the fourth time in five weeks, a sign that layoffs are declining. The Labor Department said Thursday that initial claims for jobless aid dropped by 11,000 to a seasonally adjusted 445,000. It’s the lowest level since the week ending July 10. Stock futures rose… read more
Crude Oil Inventory Report / Futures Broker
NEW YORK, Oct 6 (Reuters) – U.S. crude oil futures prices extended losses on Wednesday in choppy trading after a government oil inventory report showed crude stocks rose more than expected last week. The U.S. Energy Information Administration’s weekly report said the nation’s crude oil inventories rose by 3.09 million barrels in the week to… read more
Grain Calls and News / Future Trading
WHEAT – Up 2 to 3 cents per bushel. Support from a weak dollar and a technical short-covering bounce following recent declines. * Overall satisfactory weather is seen for winter wheat planting in Russia and in the U.S., but dryness a bit of a concern in the U.S. east and south and in the far… read more
Grain Calls and News / Futures Broker
WHEAT – Up 6 to 7 cents per bushel. Falling dollar and short-covering amid oversold technicals combine to lift wheat futures. * USDA late on Monday said 53 percent of the U.S. winter wheat crop had been planted, up from 33 percent a week ago and slightly behind the five-year average of 54 percent. *… read more
Argiculture Report /Futures Broker
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
Initial jobless Claims 9/30/2010 – Futures News
WASHINGTON (AP) — Applications for jobless benefits dropped last week for the third time in four weeks, a sign that employers are cutting fewer jobs. The Labor Department says that initial claims for unemployment aid fell by 16,000 to a seasonally adjusted 453,000. Wall Street analysts had expected a smaller drop. The decline returns jobless… read more