Sugar Industry
6 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Sergio Guzman
Scoop.it!

U.S. soybeans fall on technicals, harvest

“ Chicago Board of Trade soybean futures fell for a third straight session on Tuesday on technical weakness and softening cash markets ahead of the U.S. harvest, traders said. Corn also eased reversing gains tied to government data indicating a smaller U.S. planted area than the current official estimate, while wheat held firm on short-covering. At the CBOT, November soybeans ended down 5-3/4 cents at $13.42-1/2 per bushel after dipping to $13.32, the lowest level since Aug. 23. December corn settled down 2-1/2 cents at $4.54 per bushel and December wheat ended up 1-3/4 cents at $6.43 a bushel. Soybeans led the declines, with sales accelerating after the November contract fell below Monday's low. However, the November contract pared losses and back months closed higher amid worries that a late-summer dry spell could limit U.S. yields. "Beans are going to be highly variable this year, and I think you are seeing that uncertainty in the marketplace," said Jack Scoville, vice-president with the Price Futures Group in Chicago. The bulk of the Midwest soybean crop is still maturing, but harvest is under way in a few areas and cash basis bids have been retreating sharply from historic highs set this summer. "Harvest is picking up a little bit at a time," said Don Roose, president of U.S. Commodities in West Des Moines, Iowa. The U.S. Department of Agriculture did not release a national figure for soybean harvesting in its weekly crop progress report on Monday, but state reports showed the harvest was 11 per cent complete in Arkansas and one per cent complete in Indiana and Nebraska. Additional price pressure stemmed from rain in parts of Iowa, the top U.S. soybean state, and forecasts for more showers later this week that could help crops in some areas. "We are getting some moisture, and it's very late, but we do have some late plantings that are going to benefit," Roose said. Following a late-summer dry spell, 50 per cent of the U.S. soybean crop was rated in good to excellent condition as of Sept. 15, down from 52 per cent a week earlier, USDA said. Corn was rated 53 per cent good to excellent compared with 54 per cent a week ago. Twenty-two per cent of the corn crop was mature and four per cent was harvested. Corn falls, erasing early rally Corn futures fell for a fourth session on seasonal harvest pressure and spillover weakness from soybeans. USDA said the U.S. corn harvest was four per cent complete by Sunday, behind the five-year average of 10 per cent. Corn retreated after rallying on U.S. government data that indicated a smaller planted area than the current official estimate. USDA's Farm Service Agency (FSA) on Tuesday said farmers enrolled in crop subsidy programs reported planted acreage, including failed acres, at 91.428 million acres for corn and 74.659 million for soybeans. The figures compare with USDA's official plantings estimates of 97.4 million acres for corn and 77.2 million for soybeans. "The FSA numbers are behind all of the rally," said Roy Huckabay with the Linn Group, a Chicago brokerage. Not all farmers participate in U.S. government programs, so the FSA acreage figures should fall below the USDA's official estimates. But the difference in Tuesday's FSA figures and the official estimates was larger than in recent years, a possible sign that USDA eventually might lower its official acreage figures. However, analysts cautioned the data was preliminary. "These numbers shouldn't be viewed as the end-all or be-all for acres and are only a part of the formula that USDA will use to determine final acreage for this year," said Sterling Smith, a futures specialist for Citigroup in Chicago. Corn futures have struggled to rally since USDA last week raised its U.S. production forecast to a record high 13.8 billion bushels. The bearish supply outlook helped offset concerns about acreage, Roose said. "On corn, the feeling is, let's say you drop three million acres on the top side. We are still going to have adequate supplies," Roose said. Wheat holds firm CBOT wheat ended firm on short-covering and recent export demand. The USDA on Monday reported the amount of U.S. wheat inspected for export in the latest week at more than 46 million bushels, topping trade expectations. "Demand has held up better than anyone expected. We are doing some business," said Scoville. Also, commodity funds hold a sizeable net short position in CBOT wheat, leaving the market open to bouts of short-covering. ”"People are bearish and the market is not going down, so they want to get out," Scoville said.
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

ANZ underlines caution at sugar price downturn - Agrimoney.com

ANZ underlines caution at sugar price downturn - Agrimoney.com | Sugar Industry | Scoop.it
“ANZ underlines caution at sugar price downturn Agrimoney.com As an extra concern for sugar bears, the dry spell comes at a time when they have a large net short position in New York raw sugar futures and options, questioning the appetite for...”
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

20 foods naturally slim people eat - Irish Independent

20 foods naturally slim people eat - Irish Independent | Sugar Industry | Scoop.it
“Irish Independent 20 foods naturally slim people eat Irish Independent Why is it that some people can eat all around them while others seem to struggle on an endless diet?”
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

Cocoa Advances as Lower Reserves Add to Shortage; Coffee Falls - Bloomberg

“Cocoa Advances as Lower Reserves Add to Shortage; Coffee Falls Bloomberg Cocoa for delivery in March gained 0.1 percent to 1,775 pounds ($2,948) a ton by 11:27 a.m. on NYSE Liffe in London. Prices, which rallied as ...”
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

LIVE | Stock Technical Analysis Summary for Livedeal Inc

LIVE | Stock Technical Analysis Summary for Livedeal Inc | Sugar Industry | Scoop.it
“Livedeal Inc (LIVE)Technical Analysis Summary, Moving Average, Stochastics, MACD, RSI, Average Volume. ($LIVE technicals http://t.co/qpgC43EO6H)”
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

Artichoke Dip with Raw Veggies - The Blood Sugar Solution

Artichoke Dip with Raw Veggies - The Blood Sugar Solution | Sugar Industry | Scoop.it
“Blended artichokes are the perfect way to indulge in a creamy and satisfying snack. They provide tons of blood-sugar-stablizing fiber, magnesium, and potassium with little fat or calories.”
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

AZCUBA: Sugar for Growth? - Havana Times

AZCUBA: Sugar for Growth? - Havana Times | Sugar Industry | Scoop.it
“Havana Times AZCUBA: Sugar for Growth? Havana Times AZCUBA, the Cuban company directly subordinate to the Council of Ministers which replaced the Ministry of Sugar (MINAZ) in 2011, is being called on to lift sugarcane output and raw sugar...”
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

Diabetes and Blood Sugar Control

Diabetes and Blood Sugar Control | Sugar Industry | Scoop.it
“Today is World Diabetes Day According to the American Diabetes Association, 104.8 million Americans are either diabetic or pre-diabetic. That’s a problem, a HUGE problem. And we have the solution!...”
more...
No comment yet.
Scooped by Sergio Guzman
Scoop.it!

Speakers named for Sugar Cane League meeting - The Daily Advertiser

Speakers named for Sugar Cane League meeting - The Daily Advertiser | Sugar Industry | Scoop.it
“Speakers named for Sugar Cane League meeting The Daily Advertiser ... Futures World News. The sugarcane industry represents the largest row crop commodity in the state, the League said in a prepared statement.”
more...
No comment yet.