Markets
Rain likely into May; time not crucial for Ind. corn crop yet
Frequent and heavy rains have kept most Indiana farmers out of their fields during corn planting season so far this month, and the weather outlook for the next two weeks portends continued wet conditions.
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Livestock futures outperform crop markets Wednesday morning
Corn futures were probably set to bounce in the wake of recent declines, so it was not terribly surprising to see yellow grain prices rise after the weekly Energy Information Administration report Wednesday morning.
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Brent rises above $101; equities support
Brent crude rose above $101 a barrel on Wednesday, drawing support from strong equity markets, but gains were capped by data pointing to slower growth and fuel demand in major economies
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Crop markets generally weak on Tuesday
Tuesday morning news of a surprisingly weak economic report out of China undercut cotton futures in early trading.
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Consumers, farmers seen boosting U.S. first-quarter growth
U.S. economic growth likely rebounded in the first quarter after almost stalling at the end of 2012 as Americans shrugged off higher taxes and stepped up spending, but the trend is likely temporary.
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Oil hovers around $100 as Chinese, German data disappoint
Brent crude oil edged down on Tuesday in reaction to weak manufacturing data in China and Europe, but it closed above $100 a barrel for the second straight day as it drew some support from strong gains in U.S. equity markets.
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Outside events weighed on commodity markets Tuesday morning
Outside events seemed to depress the crop markets Tuesday morning. U.S. dollar strength apparently weighed upon prices, since a rising greenback raises the cost of American products to international customers.
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Calendar pages move, but planters don’t
USDA’s weekly crop progress and condition report was almost a re-run of the prior week, with corn planting progress increasing only from 2 percent last week to 4 percent for the latest report.
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CME Group 'mistakenly' let some traders see secret swaps data
CME Group said Monday that it mistakenly allowed "a small number" of traders to see confidential data on hundreds of swaps transactions that it collects under new rules mandated by Wall Street reform legislation.
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Oil falls towards $99 as Chinese, German data disappoints
Brent crude oil fell towards $99 a barrel on Tuesday after weaker-than-expected manufacturing data from China and Germany darkened the outlook for fuel demand.
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Cold Storage report slightly bearish for butter, cheese stocks
Butter stocks rose 7 percent from February to March and a whopping 22 percent from March 2012.
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