Markets
Still 'crazy dry' in the Southwest
Conditions continue to worsen across the Southwest.
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Exports: Corn sales set 10-week low
Corn net sales dipped this week, falling by 24,730 MT to 81,500 MT, according to the USDA’s latest “U.S. Export Sales” report released on Thursday. This is a 10-week low and 23 percent lower than the yearly average.
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Oil erases loss, above $103, as U.S. data helps
Oil reversed an earlier loss to trade above $103 a barrel on Thursday as a higher-than expected rise in U.S. retail sales and a fall in jobless claims boosted the economic outlook, although subdued global demand limited the rebound.
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Oil ends modestly higher, weak demand outlook weighs
Crude oil prices ended modestly higher on Wednesday, but gains were capped by lower oil demand growth estimates and ample supplies.
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Ag markets posted mixed reactions to USDA data
Corn futures reacted poorly to the release of the latest USDA World Agricultural Supply/Demand Estimates (WASDE) report released Wednesday.
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Milk prices staying put for now
Milk price estimates for 2013 were changed little in the USDA’s latest “World Agricultural Supply and Demand Estimates” report.
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USDA lowers projected corn production, yield
The outlook for 2013-2014 U.S. feed grain supplies is lowered this month as delayed plantings reduce yield prospects for corn. Projected corn production is lowered 135 million bushels to 14.0 billion with the average yield projected at 156.5 bushels per acre, down 1.5 bushels from last month.
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Oil steady at $103; equities rally balances high stocks
Brent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market forecasters.
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Oil pares losses despite fears of central bank tightening
Brent crude oil prices retraced earlier steep losses on Tuesday as investors worried that central banks, following Japan's example, could begin to rein in their loose monetary policies.
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Ag markets moved generally higher on Tuesday
Corn futures were part of the general agricultural market advance in response to ongoing U.S. dollar weakness.
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U.S. dollar weakness boosts ag markets on Tuesday
Corn futures were part of the general agricultural market advance in response to ongoing U.S. dollar weakness.
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