China’s growing middle class are propping up sales of luxury goods, box-office receipts and soybeans.
Soybean crops are expected to be good in the year ahead, says Ariel Haendler at Nidera Group.
*More biodiesel use in Indonesia, U.S. to tighten supply. NUSA DUA, Indonesia/ SINGAPORE, Nov 25- Lower output of palm oil and tight supplies of rival soybean oil are likely to give a short-term boost to the tropical product which hit four-year highs this week, before an expected reversal late next year as production recovers. Higher mandates for biodiesel...
CHICAGO, Nov 23- Chicago Board of Trade soyoil futures surged nearly 7 percent on Wednesday after the U.S. government released final requirements for biofuel use for next year, analysts said. Most-active CBOT January soyoil futures settled up 2.37 cents at 37.14 cents per lb after rising the daily 2.5- cent limit to 37.27 cents, a contract high.
CHICAGO, Nov 23- Chicago Board of Trade soyoil futures surged more than 6 percent on Wednesday after the U.S. government released final requirements for biofuel use for next year, analysts said. As of 12:13 p.m. CST, most-active CBOT January soyoil futures were up 2.22 cents at 36.99 cents per lb after rising the daily 2.5- cent limit to 37.27 cents, a contract high.
"Some locally traded commodities are down because they are predominantly traded in cash and the purchasing power of traders are lower following Modi's announcement," a soft commodities trader from central India told Reuters. *December soyoil futures were up about 0.8 percent at 680.90 rupees per 10 kg at 1204 GMT. *December corn futures were flat at 1,405 rupees...
CHICAGO, Oct 14- U.S. soybean futures rose on Friday, led by a surge in soyoil tied to firm domestic cash values and rising global vegetable oil prices, traders said. At the Chicago Board of Trade as of 1:08 p.m. CDT, November soybeans were up 5-1/ 4 cents at $9.61-1/ 2 per bushel, and December soyoil was up 0.88 cents at 34.26 cents per lb. December wheat was up 7-1/ 4 cents at...
The global supply of palm oil isn’t big enough to satisfy the demand of consumers according to one analyst.
Massive imports have driven down Indian soybean prices by 20 percent in four months and spurred crushers to close factories.
Ben Lichtenstein, President and Founder of Tradersaudio.com, attributes oil's plunge to oversupply and rising efficiency in refineries, instead of slowing economic growth.
Chinese importers' defaults on soybean cargos may spur debt concerns, but such defaults aren't unusual and China's soybean business has been struggling.
Stan Ryan, Vice President at Cargill Corporate says that with markets more open now, there is less chances for a repeat of the 2008 food crisis. He explains more.
As the world’s largest importer of American agricultural products, China stands to get walloped by the drought that is ravaging US croplands. Globalpost reports.
Tom Essaye, Editor, Money and Markets says things are improving in corn & soybean markets due to hot weather concerns.
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
Legendary investor Jim Rogers says the bull market in commodities is "still in place" and has a "long way to go."