Markets
Oil rallies for third day, shrugging off firm dollar
Oil rose for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, even as the dollar hit a multi-year high.
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Ag markets diverged significantly Friday afternoon
The equity and U.S. dollar markets proved quite strong again Friday, but commodity traders seemed to pay more attention to the negative demand aspects of the greenback rally than to the economic strength implied by stock gains.
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Ag markets decidedly mixed on Friday morning
The equity and U.S. dollar markets proved quite strong again Friday, but commodity traders seemed to pay more attention to the negative demand aspects of the greenback rally than to the economic strength implied by stock gains.
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Oil rises towards $105, shrugs off firm dollar
Oil climbed towards $105 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rise.
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Oil ends slightly up, dour U.S. economic data caps gains
Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market.
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Ag markets diverged significantly Thursday
Despite the system that came through the Corn Belt Wednesday, it looks as if short-term weather conditions will remain highly conducive to accelerated corn plantings.
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Lower feed costs to improve dairy producer margins next year
Corn prices for 2012/13 are forecast at $6.70-$7.10 per bushel—the price range was narrowed, but the mid-point is unchanged from April. Initial forecasts for the 2013/14 year call for corn prices to decline to $4.30-$5.10 per bushel.
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Ag markets were decidedly mixed Thursday morning
Despite the system that came through the Corn Belt Wednesday, it looks as if short-term weather conditions will remain highly conducive to accelerated corn plantings.
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Exports: Corn up 90 percent from last week
According to the USDA’s latest U.S. Export Sales report, corn net sales of 219,900 MT for 2012-2013 were up 90 percent from last week but down 24 percent from the 4-week average.
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Brent rises but capped by high jobless claims
Brent oil futures climbed above $104 on Thursday, responding to dollar declines, while a jump in U.S. jobless claims capped gains as they added to the bearish demand outlook.
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Ag markets suffered as the U.S. dollar rallied Wednesday.
Country markets for corn reportedly traded steady-firm Wednesday morning, which probably supported nearby CBOT futures.
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