Latest Post
Tampilkan postingan dengan label soybean futures. Tampilkan semua postingan
Tampilkan postingan dengan label soybean futures. Tampilkan semua postingan
23.07
Soybean Prices Rally, Futures Delivery May 2012 Advanced
Written By mine on Jumat, 16 Maret 2012 | 23.07
Soybean extended rallies to the highest prices since September on speculation that China may boost purchases from the U.S., the biggest producer of soybean crops. Soybean imports may rise more than 20 percent in the first half of 2012, Grain.gov.cn said March 12.
Soybeans may rally next week as unusually warm, dry weather and drought conditions in parts of the northwestern Midwest may threaten this year’s crops and encourage farmers to withhold supplies left from last year’s harvest, Tim Hannagan, a grain analyst for PFT Best Inc. in Chicago, said in a telephone interview.
Soybean futures for May delivery advanced 0.4 percent to $13.74 a bushel in Chicago, after touching $13.775, the highest since Sept. 15. The oilseed rose 2.7 percent for the week, the fifth straight and the longest weekly rally since November 2010.
“The export-pipeline supply of soybeans will shrink the next few weeks because farmers will fear the weather will prevent building stocks to more comfortable levels,” Hannagan said. “March is a month when investors pour money into the grain markets before the start of the growing season.”
Soybean futures for May delivery gained 0.2 percent to $13.7175 a bushel in Chicago, after touching $13.775, the highest since Sept. 15.
Soybeans may rally next week as unusually warm, dry weather and drought conditions in parts of the northwestern Midwest may threaten this year’s crops and encourage farmers to withhold supplies left from last year’s harvest, Tim Hannagan, a grain analyst for PFT Best Inc. in Chicago, said in a telephone interview.
Soybean futures for May delivery advanced 0.4 percent to $13.74 a bushel in Chicago, after touching $13.775, the highest since Sept. 15. The oilseed rose 2.7 percent for the week, the fifth straight and the longest weekly rally since November 2010.
“The export-pipeline supply of soybeans will shrink the next few weeks because farmers will fear the weather will prevent building stocks to more comfortable levels,” Hannagan said. “March is a month when investors pour money into the grain markets before the start of the growing season.”
Soybean futures for May delivery gained 0.2 percent to $13.7175 a bushel in Chicago, after touching $13.775, the highest since Sept. 15.
12.46
Soybean Futures Prices Rally, May 2012 Delivery Rose per Bushel
Written By mine on Senin, 20 Februari 2012 | 12.46
CBOT soy futures rally, extending recent gains on strong exports and worries about Brazil's crop. The USDA announced a huge export sale to China, which although already known given a Thursday signing ceremony, nonetheless added to optimism that the U.S. would continue to see increased business as South America production falters in hot, dry weather. The crop in Brazil is a particular concern. Traders say recent gains in soybeans versus corn could result in more soy acres than expected this spring. CBOT March soybeans end up 9 1/4c to $12.67 1/2 a bushel, up 3.1% for the week. CBOT March Soybean Oil up 0.35c to 53.40 cents/lb, while March soybean meal ends up $1.70 to $332.50 per short.
Soybeans for May-delivery rose 0.9 percent to $12.765 a bushel. The most-active contract is set for a 3.9 percent gain this week, the biggest since the five days ended Oct. 14.
Argentina’s soybean harvest may reach 43.5 million tons to 45 million tons, the Agriculture Ministry said yesterday. That compares with a 48 million-ton forecast by the U.S. Department of Agriculture on Feb. 9.
“Recent developments in the soybean market have so far buttressed” the bullish view on the oilseed in 2012
Private exporters reported to USDA export sales of 116,000 metric tons (MT) of soybeans to China during the 2011-12 marketing year. The marketing year for soybeans began Sept. 1.
USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 metric tons or more of one commodity, except 20,000 tons for soybean oil, made in one day to one destination, by 3 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.
Soybeans for May-delivery rose 0.9 percent to $12.765 a bushel. The most-active contract is set for a 3.9 percent gain this week, the biggest since the five days ended Oct. 14.
Argentina’s soybean harvest may reach 43.5 million tons to 45 million tons, the Agriculture Ministry said yesterday. That compares with a 48 million-ton forecast by the U.S. Department of Agriculture on Feb. 9.
“Recent developments in the soybean market have so far buttressed” the bullish view on the oilseed in 2012
Private exporters reported to USDA export sales of 116,000 metric tons (MT) of soybeans to China during the 2011-12 marketing year. The marketing year for soybeans began Sept. 1.
USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 metric tons or more of one commodity, except 20,000 tons for soybean oil, made in one day to one destination, by 3 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.
08.08
Soybean Futures Prices 2012 Rose on CBOT as US Harvest decline
Written By mine on Sabtu, 12 November 2011 | 08.08
Soybean futures prices for January 2012 delivery rose 0.7 percent to close at $11.755 a bushel at 1:15 p.m. on the Chicago Board of Trade. Yesterday, the price touched $11.67, the lowest for a most-active contract since Oct. 10. The oilseed, down 3.7 percent this week, has dropped 16 percent this year.
Soybeans rose on speculation that the U.S. harvest declined more than the government estimated after dry weather during the summer lowered yields. Corn fell as producers of livestock feed shifted to cheaper wheat.
The U.S. Department of Agriculture cut its forecast on this year?s soybean crop for a second straight month on Nov. 9, saying production will fall 8.5 percent to 82.9 million metric tons. Some fields from Minnesota to Tennessee were the driest ever in August, data from National Climatic Center show.
?The soybean crop may get smaller,? Jim Gerlach, the president of A/C Trading Inc. in Fowler, Indiana, said in a telephone interview. ?There is some demand surfacing after the recent drop in prices.? Last year, the U.S. was the world?s leading exporter of soybeans and corn.
Soybeans rose on speculation that the U.S. harvest declined more than the government estimated after dry weather during the summer lowered yields. Corn fell as producers of livestock feed shifted to cheaper wheat.
The U.S. Department of Agriculture cut its forecast on this year?s soybean crop for a second straight month on Nov. 9, saying production will fall 8.5 percent to 82.9 million metric tons. Some fields from Minnesota to Tennessee were the driest ever in August, data from National Climatic Center show.
?The soybean crop may get smaller,? Jim Gerlach, the president of A/C Trading Inc. in Fowler, Indiana, said in a telephone interview. ?There is some demand surfacing after the recent drop in prices.? Last year, the U.S. was the world?s leading exporter of soybeans and corn.
