CHICAGO, Jan 13 (Reuters) - The National Oilseed Processors Association's monthly crush data slated for release on Tuesday should show the U.S. crush for December 2011at 141.4 million bushels, analysts projected on Friday.
Trade estimates ranged from 139.0 million to 143.5 million bushels. NOPA reported the November 2011 crush at 141.277 million bushels and December 2010 at 145.537 million bushels.
The average analyst estimate for December U.S. soyoil stocks was 1.909 billion lbs,up from NOPA's November figure of 1.876 billion lbs. Forecasts ranged from 1.826 billion to 1.975 billion lbs.
Monday, January 16, 2012
RTRS-ARGENTINA 2011/12 CORN CROP SEEN AT 21.4 MLN T VS 26 MLN T MONTH AGO-ROSARIO GRAINS EXCHANGE
BUENOS AIRES, Jan 13 (Reuters) - Argentina's 2011/12 corn output is seen at 21.4 million tonnes, down sharply from the 26 million tonnes estimated last month due to dry weather, the Rosario grains exchange said on Friday.
The exchange raised its outlook for 2011/12 wheat to 13.7 million tonnes from 12.8 million tonnes previously, and held its 2011/12 soy forecast at 49.5 million tonnes.
The exchange raised its outlook for 2011/12 wheat to 13.7 million tonnes from 12.8 million tonnes previously, and held its 2011/12 soy forecast at 49.5 million tonnes.
Trader's Highlight
DOW JONES-NEW YORK, Jan 13 (Reuters) - U.S. stocks dropped on Friday, snapping a four-day winning streak, after news reports that Standard & Poor's would downgrade credit ratings on several euro-zone countries.
The ratings agency was reportedly set to downgrade euro-zone countries, including France and Austria, but leave the ratings of Germany and the Netherlands unchanged. French Finance Minister Francois Baroin said the country has been notified of a one-notch cut.
The Dow Jones industrial average <.DJI> dropped 48.96 points, or 0.39 percent, to 12,422.06 at the close. The Standard & Poor's 500 Index <.SPX> lost 6.41points, or 0.49 percent, to 1,289.09. The Nasdaq Composite Index <.IXIC> fell 14.03 points, or 0.51 percent, to 2,710.67.
NYMEX-NEW YORK, Jan 13 (Reuters) - U.S. crude futures fell for the third straight day on Friday on anticipation that Standard & Poor's would downgrade credit ratings of several euro zone countries, stoking fears deeper economic troubles for the region.
Losses were curbed by short-covering ahead of the long holiday weekend with traders worried over potential supply disruptions in Nigeria and Iran.
Late in the afternoon, S&P issued its announcement of the downgrades. In post-settlement trading, NYMEX crude futures had slim gains, but at the end of electronic trading, crude futures were back to negative territory.
On the New York Mercantile Exchange, February crudesettled at $98.70 a barrel, dropping 40 cents, or 0.40 percent. In post-settlement trading, it last traded at $99.03, down 7 cents.
CBOT-SOYBEANS,Soybean futures on the Chicago Board of Trade fell for a fourth straight session, pressured by a stronger U.S. dollar and forecasts for more rain in South American crop areas, traders said.
Follow-through selling one day after the USDA released bearish data on U.S. soybean ending stocks also weighed on the
market.
CBOT soybeans ended down about 2.6 percent for the week, the second straight weekly decline.
FCPO-SINGAPORE, Jan 13 (Reuters) - Malaysian crude palm oil futures slipped on Friday as a much-anticipated U.S. crop report showed a higher-than-expected forecast of oilseed supplies, temporarily overshadowing prospects of lower production due to erratic weather.
The U.S. Department of Agriculture January crop report painted a rosier picture for global supplies on Thursday, while the Malaysian Palm Oil Board said this week that December stock levels were higher than expected.
Benchmark March palm oil futureson the Bursa Malaysia Derivatives Exchange fell 1.6 percent to close at 3,151 ringgit ($1,007) per tonne. Prices earlier touched an intraday low of 3,143 ringgit, a level last seen on Dec. 29. Traded volumes stood at 30,727 lots of 25 tonnes each,higher than the usual 25,000 lots for the first time in the week.
REGIONAL EQUITIES-BANGKOK, Jan 13 (Reuters) - Selective buying in commodities-related shares on the back of high oil prices helped lift some southeast Asian stock markets on Friday.
Positive comments on Europe's outlook, and stabilisation in European bond markets, also provided support as the region gained on the week, led by a 5.2 percent rise in Vietnam <.VNI>.
Strong demand at Spanish and Italian debt auctions helped tO offset lacklustre economic data from the United States, where retail sales rose in December at their weakest pace in seven months.
Singapore's Straits Times Index <.FTSTI> climbed 1.8 percent, Jakarta's Composite Index <.JKSE> edged up 0.7 percent and Vietnam's Ho Chi Minh Stock Exchange index rose 1.8 percent.
Stocks in Malaysia <.KLSE>, Thailand <.SETI> and the Philippines <.PSI> erased early gains to finish down 0.2 percent, 0.71 percent, and 0.74 percent respectively.
Singapore's Golden Agri Resources Ltdrose 2.78 percent after a combined 2.7 percent drop in the previous two sessions, and Indonesia's PT Bumi Resources Tbk rose 2 percent.
The ratings agency was reportedly set to downgrade euro-zone countries, including France and Austria, but leave the ratings of Germany and the Netherlands unchanged. French Finance Minister Francois Baroin said the country has been notified of a one-notch cut.
The Dow Jones industrial average <.DJI> dropped 48.96 points, or 0.39 percent, to 12,422.06 at the close. The Standard & Poor's 500 Index <.SPX> lost 6.41points, or 0.49 percent, to 1,289.09. The Nasdaq Composite Index <.IXIC> fell 14.03 points, or 0.51 percent, to 2,710.67.
NYMEX-NEW YORK, Jan 13 (Reuters) - U.S. crude futures fell for the third straight day on Friday on anticipation that Standard & Poor's would downgrade credit ratings of several euro zone countries, stoking fears deeper economic troubles for the region.
Losses were curbed by short-covering ahead of the long holiday weekend with traders worried over potential supply disruptions in Nigeria and Iran.
Late in the afternoon, S&P issued its announcement of the downgrades. In post-settlement trading, NYMEX crude futures had slim gains, but at the end of electronic trading, crude futures were back to negative territory.
On the New York Mercantile Exchange, February crude
CBOT-SOYBEANS,Soybean futures on the Chicago Board of Trade fell for a fourth straight session, pressured by a stronger U.S. dollar and forecasts for more rain in South American crop areas, traders said.
Follow-through selling one day after the USDA released bearish data on U.S. soybean ending stocks also weighed on the
market.
CBOT soybeans
FCPO-SINGAPORE, Jan 13 (Reuters) - Malaysian crude palm oil futures slipped on Friday as a much-anticipated U.S. crop report showed a higher-than-expected forecast of oilseed supplies, temporarily overshadowing prospects of lower production due to erratic weather.
The U.S. Department of Agriculture January crop report painted a rosier picture for global supplies on Thursday, while the Malaysian Palm Oil Board said this week that December stock levels were higher than expected.
Benchmark March palm oil futures
REGIONAL EQUITIES-BANGKOK, Jan 13 (Reuters) - Selective buying in commodities-related shares on the back of high oil prices helped lift some southeast Asian stock markets on Friday.
Positive comments on Europe's outlook, and stabilisation in European bond markets, also provided support as the region gained on the week, led by a 5.2 percent rise in Vietnam <.VNI>.
Strong demand at Spanish and Italian debt auctions helped tO offset lacklustre economic data from the United States, where retail sales rose in December at their weakest pace in seven months.
Singapore's Straits Times Index <.FTSTI> climbed 1.8 percent, Jakarta's Composite Index <.JKSE> edged up 0.7 percent and Vietnam's Ho Chi Minh Stock Exchange index rose 1.8 percent.
Stocks in Malaysia <.KLSE>, Thailand <.SETI> and the Philippines <.PSI> erased early gains to finish down 0.2 percent, 0.71 percent, and 0.74 percent respectively.
Singapore's Golden Agri Resources Ltd
Subscribe to:
Posts (Atom)
