January 31, 2013

Sugar output is poised to drop for the first time since 2009 as farmers from Mexico to India cut plantings after the biggest two-year price slump since 1999.

Global output will decline to 165 million metric tons in the 2013-14 marketing year that will start in October in most countries, according to DZ Bank AG, Germany’s largest cooperative lender. Production will be a record 172.3 million tons in 2012-13 after three straight expansions, the U.S. Department of Agriculture estimates. Raw sugar in New York will rise 9.6 percent to average 20.5 cents in the fourth quarter, the mean of nine bank estimates compiled by Bloomberg shows.

Continue reading »

January 30th, 2013

Orange-juice futures jumped the most in seven weeks on concern that a crop disease will curb output in Florida, the world’s second-biggest citrus grower. Cotton also rose.

On Jan. 11, the U.S. Department of Agriculture cut its estimate for Florida’s orange output as citrus greening, a bacterial disease, damaged groves. Prices have climbed 4.8 percent since the day before the government report.

Continue reading »

January 28th, 2013

Crude-oil futures prices posted modest gains Monday, settling at a 19-week high, while concerns over tight mid-Atlantic gasoline supplies pushed futures up for an eighth straight day.

Oil futures climbed early as the Commerce Department said December U.S. durable goods orders rose 4.6% from November, much stronger than the consensus call for a 2% rise. The data is the latest of recent strong indicators of a recovery in the U.S., the world’s biggest oil consumer.

Continue reading »

January 29th, 2013

Cotton futures traded in China’s Zhengzhou climbed the most in a year after government purchases reduced the supply in the local market.

Cotton for May delivery advanced 2.6 percent to 20,385 yuan ($3,273) a metric ton on the Zhengzhou Futures Exchange, the biggest gain at close since Feb. 1, 2012. The most-active contract is headed for a 7.6 percent gain this month, the most in two years.

The Chinese government bought record quantities of cotton in the last two years to protect domestic farmers, according to the China Cotton Association. The country stockpiled 5.83 million tons from the current harvest, about 85 percent of the total output, as of Jan. 22, the group said. Purchases in 2011 were 3.12 million tons, the government said.

Continue reading »

January 29th, 2013

Corn futures rose for a second day in Chicago on speculation dry weather may hurt crop yields in Argentina, the world’s second-biggest exporter of the grain. Wheat advanced.

Central and southern areas of Argentina may see only a few light showers today and conditions might stay dry through Jan. 31, when temperatures may climb as high as 99 degrees Fahrenheit (37 degrees Celsius), forecaster DTN said today. Some regions might see some showers starting Feb. 1 before dryness returns Feb. 3. Argentina’s corn crop may total 26.5 million metric tons, the Rosario Grains Exchange said Jan. 24. That would miss the U.S. Department of Agriculture’s 28 million-ton forecast.

Continue reading »

January 28th, 2013

Cattle futures surged the most in six months on signs of shrinking animal supplies in the U.S. and higher demand for beef as Japan eased restrictions for imports.

U.S. feedlots bought 0.5 percent fewer cattle in December compared with a year earlier, the Department of Agriculture said after the close of regular trading on Jan. 25, surprising analysts who forecast an increase. Japan will allow U.S. imports of beef from animals less than 30 months of age under an accord effective Feb. 1, the U.S. government said in a statement.

The U.S. Meat Export Federation has forecast that beef shipments will climb to a record this year. Output in the U.S., the world’s largest producer, will drop to a nine-year low after the most-severe drought since the 1930s spurred ranchers to cull animals. The herd dropped to 97.8 million head as of July 1, the smallest for the date in at least 39 years, the latest government data show.

Continue reading »

January 28th, 2013

Commodity Futures – Hedge funds increased bullish commodity bets by the most in six months as accelerating growth from China to the U.S. boosted prices for a seventh week.

Speculators raised net-long positions across 18 U.S. futures and options by 11 percent to 758,048 contracts in the week ended Jan. 22, the biggest gain since July 3, U.S. Commodity Futures Trading Commission data show. Bullish crude- oil bets reached a four-month high, while those for soybeans climbed by the most since March. Investors are the most bullish on cotton since February 2011.

Continue reading »

January 25th, 2013

S&P 500 Futures – U.S. stocks rose, giving the Standard & Poor’s 500 Index its longest winning streak since 2004, as Starbucks Corp. (SBUX) and Procter & Gamble Co. reported increased profit and German business confidence beat forecasts.

Starbucks, the world’s largest coffee-shop operator, advanced 3.5 percent. Procter & Gamble, the biggest consumer- products maker, climbed 3.8 percent as it also raised its 2013 earnings forecast. Halliburton Co. jumped 4.9 percent as profit exceeded estimates.

The S&P 500 added 0.2 percent to 1,497.29 at 11:19 a.m. in New York. The benchmark gauge has gained for eight straight days, the longest string of advances since November 2004. The Dow Jones Industrial Average added 25.38 points, or 0.2 percent, to 13,850.71 today. Trading in S&P 500 companies was 7.2 percent above the 30-day average at this time of day.

Continue reading »

Coffee Leaf Rust Threatens Central America

On January 25, 2013, in coffee futures news report, by Infinity Trading
coffee futures brokers

coffee futures and options

January 25th, 2013

Coffee Futures – Coffee output in Central America and Mexico may tumble as a disease affecting foliage spreads, prompting governments to take emergency measures to protect farms responsible for 14 percent of global production.

Guatemala, Central America’s second-biggest coffee grower, may lose a third of its crop because of leaf rust, President Otto Perez Molina said yesterday in Davos, Switzerland. The crop in Costa Rica may be 30 percent to 40 percent smaller because of the fungus, President Laura Chinchilla said in a separate interview in Davos. Coffee exports from Honduras, the region’s biggest grower, will be down 767,000 bags due to leaf rust, also called roya, the Honduras Coffee Institute said.

Continue reading »

January 24th, 2013

Crude oil climbed after reports pointed to accelerating global growth and as the spread between West Texas Intermediate crude in the U.S. and London’s Brent narrowed on speculation the Seaway pipeline will soon resume full shipments.

Crude oil futures rose 0.8 percent as U.S. jobless benefit claims fell to a five-year low. WTI’s discount to Brent widened yesterday after Enterprise Products Partners LP (EPD) said capacity was limited on Seaway, cutting shipments from the central U.S. to the Gulf Coast. An Energy Information Administration report showed crude supplies rose last week.

Continue reading »