wheat futures brokers

wheat futures brokers

June 26th, 2015

The Buenos Aires grains exchange, which last week cut its estimate for Argentine wheat sowings, warned that a further downgrade could be in the offing, thanks to dry weather in major producing regions.

The exchange said that Argentine farmers had over the last week made significant progress in wheat sowings, planting 17.8% of their crop to get beyond the half-way stage.

Indeed, at 52.5% complete, sowings were running 3.7 points ahead of the year-ago pace.

However, “there remain to be planted large areas” in farming areas such as Cordoba, Santa Fe and Entre de Rios in Argentina’s central areas of the country’s grains belt, where dryness has dissuaded farmers from completing seedings.

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s&p 500 futures quotes

s&p 500 futures quotes

June 25th, 2015

U.S. stocks edged higher Thursday, buoyed by upbeat economic data as investors monitored Greece’s bailout talks with creditors.

The Dow Jones Industrial Average rose 29 points, or 0.16%, to 17995. The S&P 500 was up two points, or 0.1%, at 2111, and the Nasdaq Composite Index advanced 10 points, or 0.2%, to 5132.

In Europe, Germany’s DAX fell 0.2%, and France’s CAC-40 was down 0.4%. Investors continued to focus on developments in Greece’s bailout talks. Eurozone finance ministers were checking documents laying out a possible financing deal for Greece on Thursday. Without a deal, Greece is set to default on a June 30 payment to the International Monetary Fund.

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gold futures news

gold futures news

June 22nd, 2015

Gold prices fell to the lowest levels of the session on Monday, adding to losses after data showed that U.S. existing home sales in May rose to the highest level since November 2009.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange lost $19.30, or 1.61%, to trade at $1,182.60 a troy ounce during U.S. morning hours. Futures were likely to find support at $1,171.90, the low from June 15, and resistance at $1,208.90, the high from May 26.

The National Association of Realtors said that existing home sales increased 5.1% to 5.35 million units last month from 5.09 million in April. Analysts had expected existing home sales to rise 4.4% to 5.26 million units in May.

The upbeat data boosted optimism over the health of the economy and supported the case for a U.S. interest rate hike later this year.

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corn futures quotes

corn futures quotes

June 9th, 2015

Soybeans followed corn in attracting concerns that US farmers might not complete sowings programmes after official data showed seedings falling behind the average rate, with marked shortfalls in some states.

Data overnight from the US Department of Agriculture showed the strong start to the country’s soy sowing season had foundered, with plantings, at 79% complete, 2 points behind the average.

A month before, sowing were, at 31%, 11 points ahead of the typical pace.

The slowdown reflected in particular setbacks in a central Midwest growing belt of Nebraska and, in particular, Kansas and Missouri where heavy rains have slowed fieldwork to a crawl.

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Feeder Cattle Futures

Feeder Cattle Futures

June 5th, 2015

Australia’s beef producers will start to rebuild their herds, despite the threat of El Nino-induced dryness, thanks to a trend of rising cattle prices which looks set to continue, National Australia Bank said.

Australian cattle prices have, unusually, jumped over the past year despite dryness worries in some eastern areas – typically a negative sign for prices in cutting pasture condition and encouraging herd reduction.

The increase in prices – which as measured by the eastern young cattle indicator hit a record 489.5 Australian dollar cents per kilogramme last month – has been attributed largely to strong import demand from the US, where a recovery in southern pasture conditions from long-term drought is encouraging producers to rebuild herds rather than sell animals into the beef supply chain.

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