By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean prices are poised to start higher Wednesday in an attempt to keep pace with a strong rally in the corn market. Soybean prices have felt spillover support from corn recently as corn has consistently set fresh 23-month highs on worries about disappointing U.S. yields. Soybeans… read more
Tag Archives: economic news
Japan intervenes in currency market to weaken yen (9/15/2010)
By TOMOKO A. HOSAKA Associated Press Writer TOKYO (AP) — Japan waded into the currency market Wednesday for the first time in six years, buying dollars to weaken the surging yen, which is battering famed Japanese manufacturers like Toyota and Sony after spiking to 15-year highs. Prime Minister Naoto Kan surviving a leadership challenge the… read more
Grain News and Opening Calls – Futures Broker
WHEAT – Down 3 to 5 cents per bushel. Pressure from news Australia increased its forecast for wheat exports and Russian Prime Minister Putin repeated that Russia would not need to import grain. * Australia ups 2010/11 wheat export forecast 26 percent. * Russia has enough grain, no export until 2011 harvest-PM. * Dry conditions… read more
Grain Opening Calls – Future Broker
WHEAT – Up 8 to 10 cents per bushel. Support from active exports of U.S. wheat as global production declines. A weak dollar also lending support. * High Ukraine wheat prices prevent export to Russia. * Australia heads for biggest wheat crop in 5 years – ACF * Dry conditions continue to hamper winter wheat… read more
Crude Oil Inventories – Futures News
NEW YORK, Sept 9 (Reuters) – U.S crude oil inventories last week fell unexpectedly as refineries ramped up their utilization rates, a government report showed on Thursday. Distillate and gasoline stocks also fell in the week to Sept. 3, as distillate output slipped and total product demand over the last four weeks rose 0.7 percent… read more
US Trade Balance – Futures News (9/9/2010)
Trade deficit narrows to $42.8 billion in July By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The trade deficit narrowed significantly in July as exports climbed to the highest level in nearly two years, reflecting big gains in sales of U.S.-made airplanes and other manufactured goods while imports declined. The July deficit fell 14… read more
Initial Jobless Claims – Futures News (9/9/2010)
New filings for jobless benefits tumble By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren’t resorting to deeper layoffs even as the economy has lost momentum. The Labor Department says new claims… read more
Futures Broker / Grain Calls and News
CHICAGO (Dow Jones)–U.S. soybean futures are poised for a weaker start to Tuesday’s day session, slipping on pressure from neighboring grain futures, seasonal weakness and positioning ahead of government crop reports. Overnight, Chicago Board of Trade soybean futures for November delivery were 2 1/2 cents lower at $10.32 1/2. Analysts expect soybeans to start 2… 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 News -Unemployment (9/3/2010)
By Lucia Mutikani WASHINGTON, Sept 3 (Reuters) – U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth. Nonfarm payrolls fell 54,000, the Labor Department said on Friday as… read more