WHEAT – Down 2 to 3 cents per bushel. Pressure from a firm dollar but market underpinned by concern about dryness in the U.S. western Plains hard red winter wheat growing region. * USDA late on Monday said 47 percent of the U.S. winter wheat crop was in good to excellent condition, up from 46… read more
Tag Archives: market news
Grain News and Opening Call – Futures Broker
WHEAT – Down 5 to 7 cents per bushel. End-of-week profit-taking with further pressure by concern about China’s stated plan to raise banks’ reserve requirements to rein in food inflation. * Dry weather in the western growing region of the U.S. winter wheat belt remains a problem for the emerging crop. Recent rainfall in other… read more
Initial Jobless Claims (unemployment) 11/18/2010
WASHINGTON, Nov 18 (Reuters) – New U.S. claims for unemployment benefits rose slightly last week as expected, a government report showed on Thursday, but the underlying trend remained tilted toward a gradual improvement in the labor market. Initial claims for state unemployment benefits climbed 2,000 to a seasonally adjusted 439,000, the Labor Department said. Economists… read more
Cotton News /Futures Broker
NEW YORK, Nov 9 (Reuters) – The monthly supply report from the U.S. Agriculture Department was seen by analysts on Tuesday as bullish for the cotton futures market. They said the market will get a further boost after the USDA cut the 2010/11 production forecast in top consumer China to 30 million (480-lb) bales, from… read more
Opening Grain Calls and News – Futures Broker
WHEAT – Down 2 to 3 cents per bushel. Firm dollar weighs, as does position-squaring ahead of the release early on Tuesday of the USDA’s November crop production and supply/demand reports. * USDA seen raising U.S. wheat stocks by 2 million bushels. * Dry weather is stressing development of the hard red winter wheat crop… read more
Five market Changers to watch 11/8 – 11/12
Five Market Changers to Watch This Week ________________________________________ • Trade figures: What’s to become of the U.S. dollar? It may be oversold, as some experts note, but the Fed’s big easing decision last week promises more pressure as a global currency war looms. International trade figures out this week (Wednesday 8:30 a.m.) are backward-looking, but expect… read more
Nonfarm Payrolls – 11/5/2010: Futures News
Nonfarm payrolls rise 151,000 in October * Private employment jumps 159,000 * Unemployment rate steady at 9.6 percent * Average workweek rises to 34.3 hours from 34.2 hours By Lucia Mutikani WASHINGTON, Nov 5 (Reuters) – U.S. employment increased more than expected last month as private companies hired workers at the fastest pace since April,… read more
Grains Opening Calls and News /Futures Broker
WHEAT – Up 10 to 15 cents per bushel. Boosted by falling dollar after U.S. Fed decided to buy bonds in a risky move to boost the struggling U.S. economy. Dry weather in the U.S. Plains HRW wheat region also supportive. * Showers in the U.S. Delta will buoy winter wheat prospects but more rain… read more
Initial Jobless Claims – 11/4/2010: Futures News
WASHINGTON, Nov 4 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, government data showed on Thursday, underlining the persistent weakness in the labor market. Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 457,000, the Labor Department said, reversing the prior week’s decline. Analysts polled by… read more
Five reports to watch this week: 11/1/2010 – 11/5/2010
• Fed decision: In what will likely be an event covered in financial history books for decades to come, Fed Chief Ben Bernanke and his fellow committee members will announce the latest interest rate policy on Wednesday (2:15 p.m.). No one expects the rate to change from nearly zero, but nearly everyone expects a clear… read more