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Crops Start Firm – But Can The Gains Hold?

03-Sep (Agrimoney) – Crops made another firm start, lifted by hopes for US exports, although there were concerns over the longevity of gains, given a long weekend ahead. This time soybeans made the biggest impression in Chicago, adding 1.0% to $10.18 ¾ a bushel for November delivery as of 07:15 GMT (08:15 UK time), with [...]


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Crops Stride Brightly Into September

Agrimoney (01-Sep) The question for Wednesday was whether, being the first day of the month, it would bring an influx of fresh money into crop markets. Months’ opening trading days often attract new buying, just as month ends often see position covering, as funds tidy up portfolios. “The beginning of a new month on Wednesday [...]


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Ideas of Tighter Supplies Lift Crop Prices

27Aug (Agrimoney) Crops started on Friday where they left off the last session, in positive territory, helped by growing fears for tighter balance sheets of all three main crops than had been expected a couple of months ago. The situation looks least critical in soybeans, where a slowdown in Chinese buying, and some selling by [...]


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Wheat Declines on Speculation Rains to Help Winter-Crop Sowing in Russia

Bloomberg (25Aug) — Wheat declined, reversing earlier gains, on speculation that rains forecast in Russia may help the sowing of winter crops after the worst drought in at least 50 years slashed output and prompted a ban on grain exports. Wheat for December delivery dropped 0.4 percent to $7.0475 a bushel on the Chicago Board [...]


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Wheat Gains, Ending Three-Day Drop, on Speculation Ukraine to Curb Exports

Aug. 18 (Bloomberg) — Tim Morris, an analyst at Wise-Owl.com, talks about BHP Billiton Ltd.’s $39 billion unsolicited takeover offer for Potash Corp. of Saskatchewan Inc. BHP may go directly to shareholders as early as this week with the bid, said two people with direct knowledge of the matter. Potash Corp., the world’s largest fertilizer [...]


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GRAINS – US wheat drops for 3rd day, hits 2-1/2 week low

* Wheat market eases on profit taking * Traders say bullish wheat export news already priced in * Corn, soy higher amid weather concerns * Coming up: Crop tour estimates of Indiana, Nebraska CHICAGO, Aug 17 (Reuters) – U.S. wheat futures fell for the third straight day on Tuesday, with the benchmark Chicago contract shedding [...]


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Wheat in Chicago Resumes Rally Ahead of USDA Estimate on Global Inventory

(Bloomberg) Aug 12, 2010 – Wheat resumed its rally in Chicago, ending four days of losses, before a U.S. Department of Agriculture release that may forecast lower global supplies of the grain after a crop failure in Russia. December-delivery wheat rose as much as 2.6 percent to $7.435 a bushel on the Chicago Board of [...]


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COMMODITIES – Wheat hits 13-month highs; oil down

* Wheat up 7 pct on European heat; monthly gain at 28 pct * Soy, corn, sugar rise too * Oil down on US economic data * Coming up: US June Consumer Prices/Reuters-UMich survey NEW YORK, July 15 (Reuters) – The bull run in wheat showed no signs of slowing on Thursday as the market [...]


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COMMODITIES – Oil leads gains on lower inventory bet

* Oil up, ending 6 weak sessions, on lower inventory bet * Copper rebounds; soybeans at 2-month high * Gold up modestly; CRB index rises 1 percent * Coming up: Initial U.S. July jobless claims Thursday NEW YORK, July 7 (Reuters) – Oil prices rose, breaking a near week-long fall, on expectations of a drop [...]


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Gold slumps to 6-week low, leads most markets down

* Gold ends at 6-week low, leading commodity losses * Oil, soybeans, sugar give back earlier gains too * Copper at week-high; wheat at 4-month top * Coming up:Initial US jobless claims for July on Thursday NEW YORK, July 6 (Reuters) – Gold fell on Tuesday, closing at a six-week low and leading declines across [...]


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