Initial claims for state unemployment benefits dropped for a second straight week, slipping 6,000 to a seasonally adjusted 472,000 in the week ended Aug. 28, the Labor Department said. * Analysts polled by Reuters had forecast claims edging up to 475,000 from the previously reported 473,000 the prior week, which was revised up to 478,000… read more
Tag Archives: economic news
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
WHEAT – Down 10 to 12 cents per bushel. Improved winter wheat seeding weather in parts of Russia, some rainfall in dry wheat areas of west Australia, profit-taking and a firm dollar combine to weigh on wheat futures. * EU wheat slips, outside markets, weather weigh. * Cooler temperatures and some rainfall has eased stress… read more
Future Broker / Grain News and Calls
WHEAT – Up 12 to 15 cents per bushel. Prospects for Russia to import grains following the worst drought on record lifting wheat prices. * Concern about dry weather in western Australia adds support. * Dry, cold weather hampers Argentine wheat – gov’t. * EU wheat lifted by export demand, more German rain. * Russian… read more
Futures Broker / Grain News
WHEAT – Up 10 to 15 cents per bushel. Boosted by drought in Europe that was trimming crop prospects and by a larger-than-expected U.S. wheat export sales number in USDA’s weekly export sales report released on Thursday. * IGC cuts forecast for 2010/11 world wheat crop by 13 million tonnes to 651 million but noted… read more
Futures Broker / Wheat News
CHICAGO, July 28 (Reuters) – Wheat futures on the Chicago Board of Trade on Wednesday climbed to a fresh 13-month high on continuous price charts on private forecasts for a sharp drop in Russian wheat exports due to drought, traders said.… read more
Futures Broker / Grain News
NEW YORK, July 28 (Reuters) – Chicago soybean traders focused on forecasts for hotter and drier weather for the Delta and Southeast over the next week, which may harm some of the crop that is setting pods. * In the Midwest, overall satisfactory crop weather was predicted for the next week to 10 days, with… read more
Futures News – New Homes Sales rebound sharply.
NEW YORK, July 26 (Reuters) – Sales of new U.S. single-family homes rebounded strongly in June from the prior month’s record low, government data showed on Monday, driving the number of houses on the market to their lowest level in nearly 42 years. KEY POINTS: * The Commerce Department said sales jumped 23.6… read more
Futures Broker/ Grain News and Calls
CHICAGO (Dow Jones)–U.S. wheat futures are expected to slide on Tuesday’s open following overnight losses on a stronger dollar and continued profit-taking after the market’s sharp rally last week. Chicago Board of Trade futures are called 4 cents to 6 cents lower. In overnight trade, CBOT September wheat was down 6 cents to $5.76 1/4… read more
Housing Starts and Prints (7/20/2010) – Futures Broker
NEW YORK, July 20 (Reuters) – U.S. housing starts fell more than expected in June to their lowest level in eight months, a government report showed on Tuesday, supplying further evidence the economy was losing momentum during the second quarter. KEY POINTS: * The Commerce Department said housing starts dropped 5.0 percent to a seasonally… read more