September 25th, 2012

Sugar futures gained the most in two weeks on speculation that adverse weather in Brazil, the world’s top exporter, and India may limit global supplies. Cocoa and coffee also advanced.

Sugar-cane output in India, the second-biggest grower, will drop 6.2 percent in the year starting Oct. 1 as dry weather cuts yields, Farm Minister Sharad Pawar said yesterday. Growing regions in Brazil will get rain this week that may delay fieldwork, Sao Paulo-based Somar Meteorologia said.

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September 27th, 2012

Cocoa futures – Favorable weather in western Ivory Coast is boosting cocoa farmers’ expectations for the 2012-13 harvest, which starts next week in the world’s top grower.

“It is raining at the moment almost every afternoon for about two or three hours, and then it is sunny,” Alassane Sogodogo, manager of a cocoa cooperative based in Para, near the country’s border with Liberia, said by phone on Sept. 24. “It is good weather for cocoa.”

Ivory Coast accounts for 34 percent of the world’s cocoa output, the key ingredient in chocolate. Insufficient rains may mean pods don’t develop properly, while overly wet weather brings diseases like black pod rot fungus and can slow bean- drying times. The country’s west is the main producing area for cocoa.

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September 27th, 2012

Corn Futures – Corn supplies in the U.S., the world’s biggest grower and exporter, are dropping below last year’s domestic usage for just the third time in half a century after a Midwest drought damaged crops from Ohio to Nebraska.

Production this year plus inventories before the harvest will reach 11.872 billion bushels, less than the 12.33 billion consumed or exported last year, according to U.S. Department of Agriculture data and a Bloomberg survey of 29 analysts. Only twice since 1960 has supply failed to exceed usage from the previous year, and the last time was in 1996. The USDA will update its inventory tally tomorrow at 8:30 a.m. in Washington.

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September 27th, 2012

Silver Futures – Hedge funds are the most bullish on silver in seven months and investors’ holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth.

Wagers on rising prices jumped 10-fold since June, U.S. Commodity Futures Trading Commission data show. Investors bought 717.2 metric tons valued at $797 million through exchange-traded products this quarter, the most in a year, according to data compiled by Bloomberg. Prices will increase for at least the next three quarters and average $38 an ounce in the three months through June, or 9.9 percent more than now, based on the median of 14 analyst estimates compiled by Bloomberg.

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September 27, 2012

Gold futures rose the most in two weeks on speculation that China will announce more stimulus measures to support economic growth, boosting demand for the precious metal as a store of value.

Chinese industrial companies’ profits dropped for a fifth month in August, the National Bureau of Statistics said today. The Shanghai Securities News reported that there is speculation that the government will announce market-boosting measures. Gold has surged 10 percent this quarter as the Federal Reserve announced its third round of stimulus measures to increase growth.

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September 26th, 2012

S&P 500 Futures – U.S. stocks fell for a fifth day, sending the Standard & Poor’s 500 Index to its longest retreat since July, as concern grew Europe’s debt crisis is worsening.

PulteGroup Inc. (PHM) dropped 4.7 percent, helping to give homebuilders their biggest decline since June, after new homes sales missed estimates. Energy and technology companies dropped the most among the benchmark gauge’s 10 industry groups as oil fell to a seven-week low and Jabil Circuit Inc. (JBL) tumbled 9.9 percent amid a disappointing forecast.

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September 26th, 2012

Cride oil settled below $90 a barrel for the first time in almost eight weeks as the government reported lower oil demand and on concern the worsening European crisis will reduce consumption.

Crude oil futures declined for the seventh time in eight days after the Energy Department said total U.S. fuel use decreased 1.1 percent in the four weeks ended Sept. 21 and inventories remained at the highest level for this time of the year since 1990. Stocks dropped for a fifth day and the euro weakened after the Bank of Spain said the economy is shrinking at a “significant” pace.

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September 24th, 2012

Soybean futures  fell to a five-week low on speculation that demand for U.S. crops will ease after prices this month surged to a record. Corn dropped to the cheapest in two months as an accelerating Midwest harvest boosts supplies.

Demand will ebb for cooking oil and biofuel made from soybeans after prices surged since mid-June because of a U.S. drought, Thomas Mielke, the executive director of Oil World, said yesterday. In China, the world’s biggest oilseed importer, soybean-oil prices fell the most in three months amid economic concerns.

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September 25th, 2012

Dow Jones Futures – U.S. stocks fell, erasing earlier gains, as Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank’s new bond-buying program probably won’t boost growth.

Caterpillar Inc. (CAT), the world’s biggest construction and mining equipment maker, fell 2.9 percent after cutting its forecast for 2015 earnings. Carnival Corp. (CCL), the world’s largest cruise-line operator, climbed 2.4 percent after profit topped analysts’ estimates.

The Standard & Poor’s 500 Index fell 0.2 percent to 1,453.80 at 12:45 p.m. New York time. The Dow Jones Industrial Average dropped 31.43 points, or 0.2 percent, to 13,527.49 today. Trading in S&P 500 companies was almost in line with the 30-day average at this time of day.

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On September 25, 2012, in Futures Trading Platforms News Report, by Infinity Trading

September 25th, 2012

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