BUENOS AIRES, May 3 (Reuters) - Argentina's 2009/10 soy harvest should exceed a record 54 million tonnes due to bumper yields in most areas, the president of Los Grobo, one of the country's leading agricultural companies, said on Monday.
Los Grobo provides logistical and grains storage services to farmers in Argentina, Brazil, Paraguay and Uruguay, and it also produces soy, corn and wheat on some 250,000 hectares (nearly 618,000 acres) in the region.
Tuesday, May 4, 2010
Trader's Highlight
DJI-NEW YORK, May 3 (Reuters) - U.S. stocks rose broadly on Monday, with the S&P 500 posting its best day in two months as manufacturing, consumer spending and construction data showed a more vigorous economic recovery.
The Dow Jones industrial average <.DJI> gained 143.07 points, or 1.30 percent, to 11,151.68. The Standard & Poor's 500 Index <.SPX> rose 15.55 points, or 1.31 percent, to 1,202.24. The Nasdaq Composite Index <.IXIC> climbed 37.55 points, or 1.53 percent, to 2,498.74.
NYMEX-NEW YORK, May 3 (Reuters) - U.S. crude oil futures rose on Monday, although trading was choppy, amid concerns that the oil spill in the Gulf of Mexico might disrupt imports and data showing consumer spending rose in March.
Positive technicals helped push Brent crude in London above $88 a barrel, its highest level since October 2008. On the New York Mercantile Exchange at 10:13 a.m. EDT (1413 GMT), June crude was up 55 cents, or 0.64 percent, at $86.70 a barrel, trading from $85.83 to $86.79.
CBOT-CHICAGO, May 3 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - July down 12-1/2 cents at $9.86-1/2 per bushel; new-crop November down 9-1/4 cents at $9.66-1/2. Firm dollar, deliveries on the May contract and a plentiful supply of soy weigh on soybean futures. Front-month contract trading at lowest level since April 19.
CBOT-SOYOIL - July up 0.08 cent at 39.01 cents per lb. Market edges higher on support from rally in crude oil.
FCPO-JAKARTA, May 3 (Reuters) - Malaysia's palm oil futures fell on Monday as players awaited fresh leads from a slew of key palm oil data, while a weaker ringgit currency was seen as unlikely to have an impact on the outlook for exports, traders said.
Benchmark July crude palm oil futures on the Bursa Malaysia Derivatives Exchange fell 4 ringgit or 0.16 percent to settle at 2,554 ringgit ($819.07) per tonne, after going as high as 2,565 ringgit. Overall volume was 10,366 lots of 25 tonnes each, in line with the daily average of 10,000 lots.
REGIONAL EQUITIES-COLOMBO, May 3 (Reuters) - Singapore shares fell on Monday while Indonesia closed weaker, after hitting a new record high, on global worries including the timing of recovery in Europe, negative sentiment after U.S. bomb threats and China's tightening move.
Singapore <.FTSTI> was down 1 percent and Indonesia <.JKSE>. Malaysia <.KLSE> closed flat. Thailand, Philippines, and Vietnam were closed on Monday for a public holiday.
Analysts said concerns over the debt crisis in Greece, the criminal probe in the U.S into Goldman Sachs and monetary tightening in China have hampered the sentiment while investors also wait for job data in the U.S. at the end of the week.
The fall in Singapore was led by a 0.5 percent loss in Oversea-Chinese Banking Corp, a 0.4 percent fall in United Overseas Bank and a 1.3 percent loss in DBS Group Holdings .
In Kuala Lumpur, the index was marginally up, led by a 2.3 percent rise in Genting Group.
The Dow Jones industrial average <.DJI> gained 143.07 points, or 1.30 percent, to 11,151.68. The Standard & Poor's 500 Index <.SPX> rose 15.55 points, or 1.31 percent, to 1,202.24. The Nasdaq Composite Index <.IXIC> climbed 37.55 points, or 1.53 percent, to 2,498.74.
NYMEX-NEW YORK, May 3 (Reuters) - U.S. crude oil futures rose on Monday, although trading was choppy, amid concerns that the oil spill in the Gulf of Mexico might disrupt imports and data showing consumer spending rose in March.
Positive technicals helped push Brent crude in London above $88 a barrel, its highest level since October 2008. On the New York Mercantile Exchange at 10:13 a.m. EDT (1413 GMT), June crude
CBOT-CHICAGO, May 3 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.
CBOT-SOYBEANS - July
CBOT-SOYOIL - July
FCPO-JAKARTA, May 3 (Reuters) - Malaysia's palm oil futures fell on Monday as players awaited fresh leads from a slew of key palm oil data, while a weaker ringgit currency was seen as unlikely to have an impact on the outlook for exports, traders said.
Benchmark July crude palm oil futures
REGIONAL EQUITIES-COLOMBO, May 3 (Reuters) - Singapore shares fell on Monday while Indonesia closed weaker, after hitting a new record high, on global worries including the timing of recovery in Europe, negative sentiment after U.S. bomb threats and China's tightening move.
Singapore <.FTSTI> was down 1 percent and Indonesia <.JKSE>. Malaysia <.KLSE> closed flat. Thailand, Philippines, and Vietnam were closed on Monday for a public holiday.
Analysts said concerns over the debt crisis in Greece, the criminal probe in the U.S into Goldman Sachs and monetary tightening in China have hampered the sentiment while investors also wait for job data in the U.S. at the end of the week.
The fall in Singapore was led by a 0.5 percent loss in Oversea-Chinese Banking Corp
In Kuala Lumpur, the index was marginally up, led by a 2.3 percent rise in Genting Group
FKLI Daily: in Sideways manner
Market remains in consolidation mode. Thus, market is likely to move in sideways manner. Upside resistance is maintain at 1350.5 and downside support is adjusted to 1337.5-1334.5 (left over gap on 30/4/2010).
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