January 24th, 2014

Diesel futures rose for a third day as frigid weather across the northeast U.S. boosted demand for heating fuel and spurred more oil-fired power generation with distillate inventories in the New York Harbor area at the lowest level in almost six years.

Prices climbed as colder temperatures will grip most of the eastern U.S. and Canada through the start of February. The region is expected to have readings about 8 degrees Fahrenheit (4 Celsius) below normal through Feb. 2, said Matt Rogers, president of Commodity Weather Group LLC in Bethesda, Maryland. ISO New England said oil-fired plants accounted for one-quarter of the region’s power today.

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Soybeans Rise Most in Four Weeks

On January 10, 2014, in Soybean futures news report, by Infinity Trading

January 10th, 2014

Soybean futures rose the most in four weeks as purchase of U.S. supplies increased in China, the world’s biggest consumer of the oilseed used in livestock feed. Corn fell, while wheat gained.

U.S. shippers reported sales of 216,000 metric tons of soybeans to China for delivery after Sept. 1, the Department of Agriculture said today in a statement. That brought spot exports to the Asian nation this week to 791,000 tons. Imports by China, the top hog producer, jumped to a record 7.4 million tons last month, the nation’s customs data showed today.

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