Commodity News

US Cash Grain Outlook: Basis Mostly Steady Across The Board

2010-02-03T21:52:00.000+07:00

KANSAS CITY (Dow Jones)--Cash grain markets are expected to remain relatively quiet as futures prices look to open mixed and many producers choose to wait for higher prices before selling their grain and soybeans, analysts said Wednesday. Interior basis for corn, wheat and soybeans at select locations across the country held mostly steady in quiet trade. Scattered grain sales were reported

CBOT Soy Outlook:Steady, Firm; Looking For Carryover Support

2010-02-03T21:51:00.000+07:00

CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures are seen starting Wednesday's day session with a steady to firmer undertone, looking to follow through on Tuesday's technical bounce. In overnight trade, March soybeans were 1 cent or 0.11% higher at $9.26 1/2, and May soybeans were 1/4 cent higher or 0.03% higher at $9.36 3/4. The market got caught up in general commodity buying

CBOT Corn Outlook: Down 1-2c As Rally Fades On Outside Mkts

2010-02-03T21:50:00.000+07:00

CHICAGO (Dow Jones)--Chicago Board of Trade corn futures are expected to dip slightly on Wednesday's open after the recent technical rebound lost steam overnight. Corn is called 1 to 2 cents lower. In overnight trade, March corn was down 1 3/4 cents to $3.63 1/4 per bushel and May corn was down 1 3/4 cents to $3.74 1/2. Traders said prices were firm for much of the overnight trade, topping

US Wheat Outlook: Seen Starting Mixed, Watching Money Flows

2010-02-03T21:49:00.000+07:00

CHICAGO (Dow Jones)--U.S. wheat futures are expected to start mixed Wednesday after trading both sides overnight and ending slightly lower in a retreat from double-digit gains Tuesday. In overnight electronic trading, Chicago Board of Trade March wheat ended down 1/2 cent at $4.86 3/4 a bushel. The grains felt pressure toward the close of the overnight session from weakness in crude oil and

Asian Crude Palm Oil Ends Up; Output, Stocks Likely Lower

2010-02-03T21:42:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended up Wednesday as crude oil rebounded and as market sentiment improved on price-supportive supply-demand fundamentals, trade participants said. The benchmark April CPO contract on the Bursa Malaysia Derivatives ended MYR46, or 1.9%, higher at MYR2,498 a metric ton after moving in a MYR2,475-MYR2,505/ton

US Cash Grain Outlook: Firm Basis As Producers Sit Tight

2010-02-02T22:09:00.001+07:00

KANSAS CITY (Dow Jones)--U.S. cash corn and soybean basis firmed Tuesday as producers remained tight-fisted with their on-farm stocks after cash grain markets had recently crumbled to three-month lows. "As the markets have moved down, particularly in corn, the [cash grain] movement has really slowed down, so basis levels have a firm undertone," said Don Roose, analyst and president of U.S.

CBOT Soy Outlook:Up 3-5c; Oversold Conditions, Outside Markets

2010-02-02T22:08:00.003+07:00

CHICAGO (Dow Jones)--Oversold conditions and supportive outside market influences are expected to lift Chicago Board of Trade soybean futures to start Tuesday's day session. In overnight trade, March soybeans were 4 3/4 cents, or 0.52%, higher at $9.14 1/2, and May soybeans were 5 cents higher, or 0.54% higher, at $9.25 3/4. The market is poised to follow through on overnight price strength

CBOT Corn Outlook: Up 2-3c Amid Continued Technical Bounce

2010-02-02T22:08:00.001+07:00

CHICAGO (Dow Jones)--Chicago Board of Trade corn futures are expected to open higher Tuesday as a technical bounce from January's sharp losses continues. Corn is called 2 cents to 3 cents higher. In overnight trade, March corn was up 3 1/2 cents to $3.62 1/2 per bushel and May corn was up 3 1/4 cents to $3.73 1/2. The market was also slightly higher on Monday, but traders and analysts say

US Wheat Outlook: Seen Up 7c-9c In Technical Bounce

2010-02-02T22:06:00.000+07:00

CHICAGO (Dow Jones)--U.S. wheat futures are expected to start stronger Tuesday in a technical bounce from recent losses, but traders said the upside looks limited. Chicago Board of Trade March wheat is called to open 7 cents to 9 cents per bushel higher. In overnight electronic trading, CBOT March wheat climbed 9 1/2 cents to $4.84 1/4. The markets are in an oversold condition and due for a

Asian Crude Palm Oil Ends Up On Soyoil; Trade Thin, Volatile

2010-02-02T22:04:00.000+07:00

JAKARTA (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher in thin, rangebound trade Tuesday, supported by higher soyoil futures in after-hours trade, said trade participants. The benchmark April CPO contract on the Bursa Malaysia Derivatives ended MYR7 at MYR2,452 a metric ton after moving in both positive and negative territory. Although the BMD was closed

Asia CPO Ends MYR9 Down At MYR2,442/Ton After Volatile Trade

2010-01-29T21:13:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended lower in choppy trade Friday tracking long liquidation amid concerns of credit tightening by Chinese banks. The benchmark April CPO contract on the Bursa Malaysia Derivatives ended MYR6 lower at MYR2,445 a metric ton after moving in both positive and negative territory. The contract rose in afternoon

Asian Crude Palm Oil Ends Up;Likely Higher Exports,Lower Output

2010-01-28T18:18:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher Thursday as investors covered shorts on a likely rise in exports in January. Talk of lower output in Indonesia, the world's largest CPO producer, and a fall in Malaysia's palm oil production prevented prices from sliding below MYR2,400 a metric ton, said trade participants. The benchmark April

US Cash Grain Outlook:Basis Stands Pat, As Futures Fall Further

2010-01-27T22:05:00.001+07:00

Domestic basis premiums for US cash grains were showing little response, despite a continued erosion in futures prices Wednesday. "The cash [basis] market is holding steady at best in many regions," said Iowa commodity trade advisor Karl Setzer. "Even buyers who are in need of grain in the Midwest are unwilling to push for deliveries, as they know weather conditions will prevent them from

CBOT Corn Outlook:Down 1-2c; Tech Pressure, Large Crops

2010-01-27T22:04:00.002+07:00

CHICAGO (Dow Jones)--Chicago Board of Trade corn futures are expected to open slightly lower Wednesday after overnight losses as abundant supplies continue to loom over the market. Corn is called 1 to 2 cents lower. In overnight trade, March corn was down 1 1/4 cents to $3.61 per bushel and May corn was down 1 1/2 cents to $3.71 3/4. After making new lows on Tuesday, technically the market

CBOT Soy Outlook: Down On Big Supplies, Overnight Weakness

2010-01-27T22:04:00.001+07:00

CHICAGO (Dow Jones)--Chicago Board of Trade soybeans are expected to open lower Wednesday following overnight losses and continued pressure from bearish South American crops. Soybeans are called 4 to 6 cents lower. In overnight trade, March soybeans were down 6 1/2 cents to $9.41 per bushel and May soybeans were down 6 3/4 cents to $9.50 1/4. March soymeal was down $2.30 to $285.10 per

US Wheat Outlook: Seen Mixed, Waiting For Egypt Results

2010-01-27T22:03:00.000+07:00

CHICAGO (Dow Jones)--U.S. wheat futures are expected to start mixed Wednesday as the markets attempt to consolidate and traders wait to see results of an Egyptian tender. In overnight electronic trading, Chicago Board of Trade March wheat edged up 1/2 cent to $4.94 1/2 per bushel. Prices finished the overnight session slightly higher after trading both higher and lower. The markets are

Asian Crude Palm Oil Ends Up; Off Lows On Short Covering

2010-01-27T21:55:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange fell below MYR2,400 a metric ton due to selling pressure related to concerns over China's tightening monetary policy, but came off lows in a bout of short covering. Prices turned choppy during the afternoon session, moving between positive and negative territory but ending higher. The benchmark April CPO

CBOT Soy Outlook: Down 4-6c; China Fears, South America Crops

2010-01-26T21:59:00.001+07:00

CHICAGO (Dow Jones) - Chicago Board of Trade soybean futures are poised for a lower start to Tuesday's day session, extending the market's lower trend on fears of reduced China demand and bearish South American crop outlooks. In overnight trade, March soybeans were 6 1/2 cents, or 0.69%, lower at $9.34, and May soybeans were 6 1/2 cents, or 0.68%, lower at $9.43. News of China is imposing

US Cash Grain Outlook: Soybean Prices Sag To 3 1/2 Month Low

2010-01-26T21:59:00.000+07:00

Farmgate soybean prices have plunged to 3 1/2 month lows, having declined by more than a dollar-per-bushel during the early days of 2010. Most cash wheat/corn markets have also retreated to lows last seen during the month of October. "Soybean prices have the most downside risk in my opinion," said eHedger analyst Justin Kelly. "Good South American production and a surge in available U.S.

US Wheat Outlook: Down On Spillover Pressure, China Jitters

2010-01-26T21:58:00.000+07:00

CHICAGO (Dow Jones)--Pressure from other markets and worries about the stability of the global economy are expected to weigh on U.S. wheat futures early Tuesday. Chicago Board of Trade March wheat is called to open 3 to 5 cents per bushel lower. In overnight electronic trading, CBOT March wheat fell 4 1/4 cents to $4.94. Commodity markets in general were down overnight amid concerns about a

UPDATE: Asian Crude Palm Oil Ends At 9-Week Low On Profit-Taking

2010-01-26T21:56:00.000+07:00

(Adds price chart, likely record South American soybean crops damp sentiment and cut discount to soyoil, Malaysia CPO exports high but so are inventories, futures volumes and price outlook, physical prices.) By Shie-Lynn Lim Of DOW JONES NEWSWIRES KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended Tuesday at its lowest level since Nov. 20 as

CBOT Corn Outlook: Down 2-4c On Supplies, Stronger Dollar

2010-01-26T21:55:00.000+07:00

CHICAGO (Dow Jones)--Chicago Board of Trade corn futures are expected to open lower Tuesday amid a stronger dollar and concerns about China's growth that are weighing on commodities generally, analysts said.Corn is called 2 to 4 cents lower. In overnight trade, March corn was down 4 1/2 cents to $3.63 1/4 per bushel and May corn was down 4 3/4 cents to $3.74.Modest gains on Monday were fueled by

US Cash Grain Outlook: Falling Futures Firm Basis, Storms Loom

2010-01-22T22:30:00.001+07:00

CENTRAL CITY, Neb. (Dow Jones)--Falling futures firmed cash basis for most types of U.S. grain this week, boosting spot premiums by about a penny per bushel for corn/soybeans/hard red winter wheat, and nearly 3 cents for spring wheat. "Low prices aren't all bad. The falling [futures] market of the past two weeks does have one side benefit: It's started to firm basis," said Bryce Knorr of Farm

US Wheat Outlook: Seen Down, But Exports Look Solid

2010-01-22T22:29:00.002+07:00

CHICAGO (Dow Jones)--U.S. wheat futures are expected to start lower Friday on pressure from other markets and follow-through selling from the overnight session, although strong weekly export sales could offer some support. Chicago Board of Trade March wheat is called to open 3 to 5 cents per bushel lower. In overnight electronic trading, CBOT March wheat fell 4 1/4 cents to $4.95 1/4. Wheat

CBOT Soy Outlook: Down 1c-3c; Following Overnight Theme

2010-01-22T22:29:00.001+07:00

CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures are expected to start Friday's day session modestly lower, following the overnight theme with bearish outside markets influencing prices. In overnight trade, March soybeans were 1 3/4 cents or 0.18% lower at $9.52 1/4, and May soybeans were 2 1/4 cents or 0.23% lower at $9.58 3/4. Broad weakness across asset classes are lending