Main page   About us  |  Our news  |   Our services  |  Contacts
Main page guide Feedback RSS       In Russian



   IKAR in Mass Media
   Market prices
   Graphically speaking
   Market studies



   About us
   Our news
   Our services

IKAR in Mass and Industry Media

GRAINS-Soybeans edge higher from six-week low

Reuters, 30.08.18

SYDNEY, Aug 29 (Reuters) - U.S. soybean futures edged higher on Wednesday, recovering from a six-week low touched in the previous session, although expectations of ample global supplies weighed on the market.


* The most active soybean futures on the Chicago Board Of Trade were up 0.2 percent at $8.35 a bushel as of 0101 GMT, having closed down 1.8 percent on Tuesday when prices hit a low of $8.33 a bushel - the lowest since July 16.

* The most active corn futures were unchanged at $3.56-1/4 a bushel, having closed down 1.5 percent in the previous session when prices hit a low of $3.56 a bushel - the lowest since July 16.

* The most active wheat futures were little changed at $5.23-1/2 a bushel, having closed nearly flat on Tuesday.

* Soy was under pressure from expectations of bumper U.S. supplies as trade disputes with top buyer China have clouded export prospects.

* The Pro Farmer advisory service last week projected 2018 U.S. soybean production at a record 4.683 billion bushels, topping the U.S. Department of Agriculture's forecast for 4.586 billion bushels.

* Pro Farmer also projected U.S. corn yield of 177.3 bushels per acre, below the USDA's forecast of 178.4 but still a record high, if realised.

* Russian consultancy IKAR lowered its estimate of Russia's 2018 wheat harvest to 69.6 million tonnes from 70.8 million tonnes previously. The firm left its Russian wheat export estimate unchanged at 32.5 million tonnes.


* The dollar slid to a new four-week low on Tuesday, as the U.S.-Mexico trade deal aimed at overhauling the North American Free Trade Agreement prompted investors to unwind more of their safe-haven bets on the greenback, boosting appetite for higher-risk assets.

* Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of U.S. sanctions but held in check by rising production outside the Organization of the Petroleum Exporting Countries.

* The S&P 500 and the Nasdaq edged up to record closing highs for the third consecutive session as investors struggled over whether to take profits following a rally on positive developments in trade disputes which have vexed the markets.

0600  Germany           GfK consumer sentiment           Sep
0645  France            Consumer spending                Jul
0645  France            Detailed GDP                     Q2
1230  U.S.              GDP 2nd estimate                 Q2
1400  U.S.              Pending homes sales              Jul
 Grains prices at  0101 GMT
 Contract      Last   Change  Pct chg  Two-day chg   MA 30   RSI 
 CBOT wheat  523.50     0.25   +0.05%       +0.19%  556.68     27
 CBOT corn   356.25     0.00   +0.00%       -1.45%  373.84     23
 CBOT soy    835.00     1.75   +0.21%       -1.56%  878.96     27
 CBOT rice    10.71    $0.02   +0.19%       +1.90%  $11.12     46
 WTI crude    68.55    $0.02   +0.03%       -0.46%  $68.08     60
 Euro/dlr    $1.169  -$0.001   -0.07%       +0.07%               
 USD/AUD     0.7342    0.001   +0.07%       -0.11%               
 Most active contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
 RSI 14, exponential

All viewing: 179

Where The Margin Is
Annual Conference Agribusiness
media feedback

IKAR is a member of International research project Agri Benchmark from May 2010

Agri Benchmark

Putin Is Growing Organic Power One T-34 Tank-Tomato at a Time

Grain | Cereals | Sugar | Oilseeds | Feedstuffs & Ingredients | Meat | Dairy

IKAR. Institute for Agricultural Market Studies.

© 2002-2020  
IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel/Fax: +7 (495) 232-9007 | |  Feedback

Rambler's Top100 Рейтинг
Google translate: Google translate: Russian Google translate: German Google translate: French Google translate: Italian Google translate: Portuguese Google translate: Spanish Google translate: Turkish Google translate: Lithuanian Google translate: Chinese Google translate: Korea