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
Tag Archives: market news
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
Futures news – Corn crop down 4% – stocks at lowest level in 15 years.
* US corn yields, crop down 4 pct, end stocks 902 mln bu * Corn 2010/11 end stocks smallest in 15 years * USDA corn, soy forecasts are lower than trade expected * Record US soybean crop, corn is third largest WASHINGTON, Oct 8 (Reuters) – Sharply lower yields across… 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 Stocks / Futures Broker
US Sep 1 Stocks: Soybeans 0.151 Bln Bushels, Vs 0.571B US Sep 1 Stocks: Corn 1.708 Bln Bushels, Vs 4.310B Jun 1 US Sep 1 Stocks: Wheat 2.459 Bln Bushels, vs 0.976B Jun 1 USDA US Revised 2009 Soybean Crop 3.359 Bushels USDA 2010 All Wheat Crop 2.224 Bln Bushels; Vs 2.265B Aug… read more
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 News
WHEAT – Up 8 to 10 cents per bushel. Dry weather in Australia, Russia and portions of Argentina, combined with a season-ending frost in Canada that may have harmed some of the immature crop, boosts wheat futures to six-week high. * Frost kills Canada crops, Wheat Board sees quality concerns. * Showers in portions of… read more
Market news to watch for 9/20/2010-9/24/2010
Five Stock Market Changers to Watch This Week Featured Story: Study: Americans $6.6 Trillion Short of What They Need for Retirement ________________________________________ • Interest rates: The Fed will announce benchmark U.S. interest rates on Tuesday (2:15 p.m.). The rate itself is likely to stay at virtually zero, but investors will watch language the committee uses… read more