NEW YORK, Dec 3- Gold and silver prices fell sharply on Monday as better-than-expected U.S. manufacturing data prompted funds to boost their bearish bets, while crude oil futures climbed more than 1 percent on economic hopes.» Read More
CHICAGO, July 23- U.S. soybean futures tumbled on Tuesday as cash basis bids weakened in key locations in the U.S. Corn futures also came under pressure, with the new-crop contract falling to its lowest level in more than 2-1/ 2 years as forecasts for nearly ideal weather during the crop's key development phase buoyed hopes for a record harvest.
*Wheat pressured by U.S. winter crop harvest. CHICAGO, July 23- New-crop U.S. corn futures fell to their lowest level in more than 2-1/ 2 years on Tuesday as forecasts for nearly ideal weather during the crop's key development phase buoyed hopes for a record harvest.
NEW YORK, July 22- Gold jumped to one-month highs on Monday as a rise above $1,300 an ounce prompted more buying by speculators covering bearish bets, while copper and many agricultural commodities rallied too. Soybean meal futures soared the daily trading limit on the Chicago Board of Trade, reaching a contract high.
Argentina's biodiesel manufacturers are operating at only 35 percent capacity due to European import tariffs that followed a 2012 increase in Argentine biodiesel export taxes. "All the soyoil that is not converted into making biodiesel has to be sold on the international market," said Luis Zubizarreta, head of Argentina's Carbio biofuels exporters' chamber.
CHICAGO, July 9- Last year's U.S. drought, the worst since the Dust Bowl, is delivering its final sting to major grains buyers like Archer Daniels Midland, Bunge Ltd and Cargill Inc, who are paying record-high premiums for dwindling supplies of last year's crops.
*Wheat up on short-covering, Chinese demand, Russia worries. At the Chicago Board of Trade, September corn futures settled up 7-1/ 2 cents at $5.33- 1/ 4 per bushel. August soybeans ended up 23-1/ 2 cents at $14.55- 1/ 2 a bushel while new-crop November soy ended up 24 cents at $12.52- 1/ 4. CBOT September wheat settled up 3 cents at $6.63 a bushel.
Greg Smith, Group CEO, Global Commodities Ltd says that speculators are still short commodities and that investors are not picking up on the protein theme yet.
A Chinese trade delegation signed agreements with U.S. grain companies on Wednesday to buy 8.62 million metric tons of soybeans from the United States and will ink more deals on Thursday for a record-setting purchase topping 12 million metric tons.