Market Forecaster: Wheat export performance pales in comparison to last year Jan 7, 2009
Technically, cattle futures remain in a solid downtrend ... Cash market weakness prevailed last week, pulling futures lower as well ... Lean hogs should continue to struggle with large deferred premiums in the futures market built into prices to incentivize producers to continue to feed out supply. (Sioux Falls Tri-State Neighbor, SD)
Is the re-testing of market lows a remote possibility considering the strength of the recent rally? Jan 7, 2009
Meanwhile, European markets were in the green and US stock futures were indicating a positive opening. Dow Jones stock futures were up 0. (India Times)
Gold futures lower as dollar gains Jan 7, 2009
MUMBAI: Gold futures traded lower on Wednesday dragged down by a stronger dollar against the euro, dimming the yellow metal's appeal as an alternative investment, analysts said. "A stronger dollar is signalling a bearish picture in gold for the short-term," said Debjyoti Chatterjee, associate vice-president, MAPE ADMISI Commodity Research in Mumbai. (India Times)
DrReddy's Jan futures rises to Rs 514 Jan 7, 2009
DrReddy's Jan futures seen rising to Rs 514- Views/Recommendations-Stocks-Markets-The Economic Times ... DrReddy's Jan futures seen rising to Rs 5147 Jan 2009, 1134 hrs IST, Nishanth Vasudevan, ET Bureau ... MUMBAI: Religare Securities has recommended buying futures contracts of DrReddy's at Rs 481-484, as it expects the stock to touch Rs 514 in the near-term. (India Times)
Auto stocks futures low as sales dip Jan 7, 2009
Auto stocks futures in discount on dismal Dec 08 performance- Stocks in News-Stocks-Markets-The Economic Times ... Auto stocks futures in discount on dismal Dec 08 performance7 Jan 2009, 1248 hrs IST, Mandar Nimkar, ECONOMICTIMES.COM ... MUMBAI: Stock futures of automobile companies continued to trade in discount as a sharp decline in December sales outlined the extremely bleak outlook for the auto manufacturers. (India Times)
Nigeria: Govt Plots Review of Petrol Prices Jan 7, 2009
86 a barrel on the ICE Futures exchange. Light Sweet crude for February delivery rose $2. (allAfrica.com)
Yes, free Gaza — from terrorist tyranny Jan 7, 2009
Even worse, they can continue to let these organizations use them as human shields and demolish their hopes and futures. Gazans can only truly be free by declaring Gaza a terror-free zone. (Atlanta Journal-Constitution -- Opinion)
Stock futures dip after Alcoa cuts jobs, output Jan 7, 2009
The stimulus package could cost as much as $775 billion, though, and Obama said Tuesday the nation could face trillion-dollar deficits "for years to come." Ahead of the market's open, Dow Jones industrial average futures fell 57 points, or 0 ... Standard s 500 index futures fell 5 ... 30, and Nasdaq 100 index futures fell 5. (ABC 7 News, DC)
Canadian Dollar Increases to Highest in Two Months as Commodities Rebound Jan 7, 2009
Gold futures for February delivery rose $8. 20, or 1 percent, to $866 an ounce on the New York Mercantile Exchanges Comex division. (Bloomberg -- Canada)
Crude Oil Falls a Second Day as U.S. Recession Deepens, Stockpiles Swell Jan 7, 2009
Yesterday, futures dropped 0 ... 90 a barrel on Londons ICE Futures Europe exchange. (Bloomberg -- Canada)
Oil dips as traders weigh demand signs Jan 7, 2009
70 a barrel on the ICE Futures exchange ... In other Nymex trading, gasoline futures fell 1. (Globe and Mail -- Business)
Gold steadies, supported by U.S. dollar Jan 7, 2009
U.S. gold futures for February deliver on the COMEX division of the New York Mercantile Exchange were down 70 cents at $865. 30. (Globe and Mail -- Business)
Copper, aluminum hit one-month highs Jan 7, 2009
The benchmark March copper contract on the Shanghai Futures Exchange was suspended after it hit its upside limit for three consecutive days, chasing the New Year surge in London. The Dow Jones AIG index is adding weight to copper and some other metals traded on the New York Mercantile Exchange's COMEX division and the reweighting takes place from Jan. 9 to 15. (Globe and Mail -- Business)
European stocks retreat amid fear on earnings Jan 7, 2009
U.S. index futures fell, while shares in Asia advanced ... Futures on the Standard & Poor's 500 Index declined 0. (International Herald Tribune -- Business)
Good pre-harvest marketing plan may mean more money (39) Jan 7, 2009
Futures and options are some pricing tools that can be used to pre-harvest market crops. Futures and options are just tools, said Usset ... Forward contracts, futures and futures fixed are some fixed price marketing tools. (Great Falls Prairie Star, MT)
Barley markets continue to be on soft side Jan 7, 2009
Part of this decline is due to the linkage of malting barley contract prices to the wheat futures market, which has declined in recent months. The lower contract prices now being offered have caused some producers to hold back on signing 2009 contracts, at least until they can review offers for other crops. (Great Falls Prairie Star, MT)
Crude prices retreat Jan 7, 2009
NEW YORK, Jan. 6 (Xinhua) -- Crude futures retreated after hitting 50 U.S. dollars a barrel as the weak economic data refreshed demand concerns ... 20 dollars a barrel on the ICE Futures exchange. (Xinhuanet, China)
Dollar firms on risk appetite Jan 7, 2009
"As the RBA pauses to assess the impact of its actions to date and the state of the global economy, we think developments thus far, including today's sales data, are consistent with our view for a moderate 50 basis points cut in February,'' said Su-Lin Ong, senior economist at RBC Capital Markets. Markets are pricing in a 75 basis point cut by the Reserve Bank of Australia to 3.5% next month. The central bank has already slashed the key cash rate by 3 percentage points since September to ward... (The Age)
Stock Funds Retreat As Global Woes Push Investors To Safety• //• // Futures:• Crude Pulls Back, Posts Small Loss After Topping $50; Copper Soars 8% Jan 7, 2009
Fund buying also ignited coffee, sugar and livestock futures, helping the Reuters-Jefferies CRB index, a global commodities benchmark, rise to a 5 1/2-week high ... "Resistance at the $50 area is going to be like $40 was before it. The economic data was not helpful (for crude prices), but the weak economic situation should be priced in and not something new," said Nauman Barakat, senior vice president of Macquarie Futures USA.. (Investors Business Daily)
Excerpt: Is a financial adviser right... Jan 7, 2009
But when it comes to the most important decisions about arguably the most important area of our lives -- our futures -- the attitude is often, "Why the hell should I pay some joker to do something I can do myself?". Now, granted, there are true do-it-yourselfers in this world. (CNN -- Law)
Why Smart Consumers Are Buying American Jan 7, 2009
Assuming , you have as much of a stake in the car companies' futures as anybody else. We're all in this together. (Slate)
Oil gives up early gains on more bad economic news Jan 7, 2009
"Those numbers had a negative effect on the market.'' And U.S. demand for gasoline continues to be weak. Consumption fell 1.8 percent for the week ended Friday and was down 3.5 percent from the same week a year ago, according to the weekly SpendingPulse report by MasterCard released Tuesday afternoon. The four-week moving average was even worse, falling 4 percent compared with a year ago and widening for the fourth straight week. For all of 2008, MasterCard said U.S. gasoline consumption was... (The Star Online, Malaysia -- Business)
Gaza conflict drives oil price above US$48 a barrel Jan 7, 2009
Closing at its highest level in three months, Malaysias benchmark three-month CPO futures rose RM143, or 7. 78%, to RM1,980 per tonne yesterday. (The Star Online, Malaysia -- Business)
Stitching for Success Jan 7, 2009
In the workroom, the students look ahead to their futures that promise admission to fashion schools across the globe. They dream of their own lines, specializing in fashions from elegant party dresses to chunky jewelry. (Lodi News Sentinel, CA)
Can New Regulation Stop Another Madoff? Jan 7, 2009
Paulson's plan, if adopted, would merge the Securities and Exchange Commission with the Commodities Futures Trading Commission, transfer some authority over securities firms to the Federal Reserve, and create oversight for market risk and business conduct, among other things. It also would emphasize the industry's role in self-policing. (Forbes -- Business)
Crist touts stimulus plan for small businesses Jan 7, 2009
By helping them build their futures now with a modest investment of taxpayer dollars, we can plant the seeds that our homegrown businesses need to flourish. Reader Comments. (Jacksonville Business Journal, FL)
Gold Prices Fall as Dollar Gains Strength Jan 7, 2009
NEW YORK (AP) -- Gold prices fell Monday, undermined by the dollar's advance on hopes for an economic stimulus package in the U.S. Meanwhile, energy and agriculture futures rose ... The dollar's direction was a major factor in commodities prices for much of 2008; its weakness contributed to the rally in futures the first half of the year and its strength, along with the deepening recession, help send prices plunging in the second half ... Matt Zeman, head trader at LaSalle Futures in Chicago,... (W-USA News, DC)
Japanese Stocks Climb on U.S. Stimulus Expectations; Canon, Mitsui Advance Jan 7, 2009
Nikkei futures expiring in March added 1. 9 percent to 9,240 in Osaka and gained 1. (Bloomberg -- Japan)
Stocks pull back Jan 6, 2009
Stock futures regain momentum ahead of data. Article:Stock futures regain momentum ahead of data:/n/a/2009/01/05/financial/f073650S06 ... DTL Article:Stock futures regain momentum ahead of data:/n/a/2009/01/05/financial/f073650S06. (San Francisco Chronicle -- Business)
Price fixing run amok Jan 6, 2009
Tatjana wrote on Jan 1, 2009 9:25 AM:" cont'd Where am I heading with this tirade? IMO, the price per barrel of crude shall continue to slide (barring some type of major disruption - war, natural catastrophe, bizarre government interference). January and February crude futures are trading lower, inventory is high and there is still less consumption of petrol.In short Joe, the local pricing is a bubble that may very well burst sooner than later. IMO, crude pricing will hit $25 per barrel, petrol... (DeKalb Daily Chronicle, IL)
Breaking dollar should help wheat exports Jan 6, 2009
Friday, Dec. 19, was the last trading session for open outcry futures at the MGEX as the exchange is moving to all electronically traded futures ... Technically, cattle futures remain in a solid downtrend ... Cash market weakness prevailed last week, pulling futures lower as well. (Minnesota Farm Guide, MN)
Consumer Reports Retirement Survey: Planning Ahead May Be Just As Risky As Rewarding Jan 6, 2009
Consumer Reports February issue offers a complete guide with 17 moves to help retirees, pre-retirees and younger workers rebuild the nest egg and secure their financial futures in the wake of a down-turn economy. Here are some of the highlights. (PR Newswire)
Gold Prices Fall as Dollar Gains Strength Jan 6, 2009
Gold prices fell Monday, undermined by the dollar's advance on hopes for an economic stimulus package in the U.S. Meanwhile, energy and agriculture futures rose ... The dollar's direction was a major factor in commodities prices for much of 2008; its weakness contributed to the rally in futures the first half of the year and its strength, along with the deepening recession, help send prices plunging in the second half ... Matt Zeman, head trader at LaSalle Futures in Chicago, attributed gold's... (ABC News -- Wire)
Outlook 2009: Nebraska Jan 6, 2009
"Recently an Illinois econo-mist projected that the non-land cost of producing corn would rise 36 percent and the cost of soybeans would increase 34 percent over last year. Those figures came out before petroleum prices fell so dramatically, still I don't think the opportunities will be as positive as they were in 2008 because demand is projected to fall. USDA has recently lowered ag export projections by 15 percent and the ethanol industry is facing some tough times which will reduce their... (Midwest Bulls Eye, NE)
Stop playing chicken over new bridge, politicians told Jan 6, 2009
"A spokesman for the Scottish Government said attempts were being made to arrange a meeting with the Treasury minister but insisted that even without the requested arrangement, the new bridge would be paid for.He would not comment on where that left other capital projects when all the budget had been taken up by the new bridge.However, the spokesman said he believed the Treasury could still be persuaded to change its mind and that a precedent had been set with bringing forward spending on... (Scotsman)
Stocks post first gain in new year Jan 6, 2009
On the Sydney Futures Exchange, the March share price index contract was 39 points higher at 3720 on a volume of 18,589 contracts. "The market closed off its highs, but I think we had the day today we thought we might have had yesterday,'' said head of private wealth management at Wilson HTM Investment, Derek Growns, noting that banks recovered from yesterday's losses while mining stocks generally held up. Resource stocks benefited in part from a rise in the oil price, which has been driven... (Sydney Morning Herald -- Business)
Wall Street US stocks slide Jan 6, 2009
Intercontinental Exchange Inc. tumbled 14%, the most in a month, as the nation's second-biggest futures market had its earnings estimates cut by BMO Capital Markets ... In recent trading, the March Share Price Index futures contract was 32 points higher at 3,713. (Sydney Morning Herald -- Business)
Oil has long way to slide as China demand dries up Jan 6, 2009
Or, if you buy it on the futures market, as low as $US43 ... Mr Burg predicted the price of oil would fall to $US40, or even lower, before it started to recover a prediction supported by prices on the futures market, which is pricing soon-to-be delivered oil much more cheaply than oil that will be delivered in months or years. (Sydney Morning Herald -- Business)
Gold extends losses Jan 6, 2009
New York gold futures fell $US2 ... 5 in electronic trade, while in Tokyo, December 2009 futures were down 1. (Sydney Morning Herald -- Business)
Dollar's winning streak ends Jan 6, 2009
Australian bond futures were lower as safe-haven inflows eased. Bill futures also lost ground as investors saw less chance of a rate cut in Australia before the scheduled board meeting in early February ... Three-year futures shed 0. (Sydney Morning Herald -- Business)
Market Forecaster: Wheat export performance pales in comparison to last year Jan 6, 2009
Technically, cattle futures remain in a solid downtrend ... Cash market weakness prevailed last week, pulling futures lower as well ... Lean hogs should continue to struggle with large deferred premiums in the futures market built into prices to incentivize producers to continue to feed out supply. (Sioux Falls Tri-State Neighbor, SD)
Stock tippers are back in business Jan 6, 2009
"The market has been trading strong over the past 6 - 8 days. Short-term view is positive, but investors should book profits at regular intervals. We expect Nifty Futures segment to touch 3200 levels very soon; the segment will touch 3170 over the next two days," Ms Shah said. Generally, tippers put out three calls everyday (through SMS for regular clients and telephone calls for his privilege client group) for service subscribers. (India Times)
Profit booking likely at 3150-3200 levels, PCR rises to 1.18 Jan 6, 2009
However, foreign players buying in cash and futures segment may take Nifty to 3150-3200 levels. FIIs were net buyers of Rs 470 crore in cash and Rs 800 crore in futures segment on Monday ... On Monday, Nifty futures open interest increased by 3. (India Times)
Gold melts on weakening global trend Jan 6, 2009
NEW DELHI: Gold prices fell in futures trading on Monday on selling by traders influenced by a weakening trend in the overseas market. On the Multi Commodity Exchange, the precious metal for the most-active August contract fell 1. (India Times)
European stock index futures point to higher open Jan 6, 2009
LONDON: European stock index futures pointed to a higher start on Tuesday, adding to a five-session rally, helped by firmer metals prices that could support mining equities. At 0704 GMT, futures for the Eurostoxx 50, Germany's DAX and the French CAC 40 were up between 0. (India Times)
Global trend pulls down gold futures Jan 6, 2009
NEW DELHI: Gold prices fell in futures trading today on traders off-loading part of their holdings in view of the metal weakening across the globe, which sets price trends in the domestic spot market. The yellow metal for February-month contract lost 0. (India Times)
Brazil's stocks fall on profit taking, real surges Jan 6, 2009
But U.S. stock index futures pointed to a lower open, after a strong performance last week, which weighed down on Brazilian stocks ... Interest rate futures edged lower across the curve after a weekly central bank survey released on Monday showed economists now forecast a 50 basis-point cut in domestic borrowing costs at the first monetary policy meeting of the year, at the end of January. (India Times)
Gold extends losses Jan 6, 2009
New York gold futures fell $9 ... 9 in electronic trade, while in Tokyo, December 2009 futures were down 1. (India Times)
KCBT posts third-highest contract count Jan 6, 2009
The KCBT also reported the third-largest wheat futures trading volume in its history, at almost 3 ... The KCBT, founded in 1856 and chartered in 1876, calls itself the world s largest futures market for hard red winter wheat. (Wichita Business Journal, KS)
Australian sharemarket closes at seven-week high Jan 6, 2009
Crude oil futures for February delivery settled $US2. 47 higher at $US48. (NEWS.com.au)
Gold slips 2 per cent Jan 6, 2009
U.S. gold futures for February delivery on the COMEX division of the New York Mercantile Exchange were down $13. 70 at $844. (Globe and Mail -- Business)
Drop in inflation lifts Europe stocks Jan 6, 2009
Trading in index futures suggested Wall Street stocks would open about 1 percent higher ... Crude oil futures for February delivery rose $1. (International Herald Tribune -- Business)
China letting weak commodity producers go under Jan 6, 2009
The price of Shanghai aluminum futures halved in the second half of last year to a record low of 10,125 yuan, or $1,482, per ton. Prices are back to 12,000 yuan, still a level not seen for 15 years. (International Herald Tribune -- Business)
Stocks Set for a Bounce Ahead of the Bell Jan 6, 2009
Bounce Coming: Stock futures point to a higher open ... Shortly after 8:45 a.m., Dow, Nasdaq and Sfutures were trading comfortably above fair value. (SmartMoney)
Barley markets continue to be on soft side Jan 6, 2009
Part of this decline is due to the linkage of malting barley contract prices to the wheat futures market, which has declined in recent months. The lower contract prices now being offered have caused some producers to hold back on signing 2009 contracts, at least until they can review offers for other crops. (Great Falls Prairie Star, MT)
World stocks rally on some rare corporate cheer Jan 6, 2009
The rally in Europe was poised to carry on in the U.S. session, where Wall Street futures pointed to some solid gains ... Meanwhile, the wider Standard s 500 futures were up 8. (Muscatine Journal, IO)
2008 ” A roller coaster year for Illinois agriculture Jan 6, 2009
The National Grain and Feed Association said a lack of convergence between cash and futures prices and escalating commodity values had created huge borrowing needs and financial risk for grain buyers ... Pompelli talked about how the gap between the cash and futures prices of corn was getting wider ... Nationally and locally, corn futures prices bottom out at 2. (Princeton Bureau County Republican, IL)
Vermont Men's Basketball Players Read To Kids Jan 6, 2009
Coach Lonergan addressed the 235 children for close to 20 minutes and spoke to them about literacy and the advantages a good education can offer their futures. "It's proven that if you read a lot when you're younger, you'll have a higher IQ, be more creative, do better in high school and college and have better language skills," said Lonergan. (WCAX.com, VT)
NY gold futures fall Jan 6, 2009
CHICAGO, Jan. 5 (Xinhua) -- Gold futures in New York fell sharply on Monday as the U.S. dollar rebounded ... Gold futures for February delivery forged an aggressive early washout and then fought its way out from under the selling tide. (Xinhuanet, China)
NYSE marks 30 years of U.S.-China diplomatic ties Jan 6, 2009
After the opening of its Beijing office on Dec. 11, 2007, NYSE has signed memorandums of understanding with China's Dalian Commodity Exchange and Zhengzhou Commodity Exchange in co-operations in the futures and options markets. Among the guests to the Monday ceremony were Peng Keyu, Chinese consul-general in New York, and Jan Berris, vice president of the NCUSCR.. (Xinhuanet, China)
Wall Street falls on weak telecoms, banks Jan 6, 2009
Gold futures fell $US21 an ounce to $US858. The 10-year Treasury note was off 30/32, boosting its yield to 2. (The Australian)
Stock Funds Retreat As Global Woes Push Investors To Safety• //• // Futures:• Gold Futures Slide As Dollar Rallies; Crude Rises 5% On Mideast Fighting Jan 6, 2009
Investor's Business Daily: Gold Futures Slide As Dollar Rallies; Crude Rises 5% On Mideast Fighting ... Gold Futures Slide As Dollar Rallies; Crude Rises 5% On Mideast Fighting. (Investors Business Daily)
European Stocks Advance for Sixth Day; Shares of BHP Billiton, Next Climb Jan 6, 2009
Shares in Asia and U.S. index futures were little changed ... Futures on the Standard & Poors 500 Index lost 0. (Bloomberg -- Europe)
Plantation stocks help push KLCI up 26 points Jan 6, 2009
Crude palm oil (CPO) futures has increased by almost 20% in the past three weeks, raising hopes that plantation companies could sustain their earnings. Three-month CPO futures closed RM97 higher at RM1,837 per tonne yesterday ... At press time, crude oil futures was trading at US$47. (The Star Online, Malaysia -- Business)
Oil above US$48 Tuesday in Asia (updated) Jan 6, 2009
"But the market has discounted that into expectations.'' In other Nymex trading, gasoline futures fell 0.14 cent to $1.18 a gallon. Heating oil gained 0.51 cent to $1.58 a gallon while natural gas for February delivery jumped 6.8 cents to $6.14 per 1,000 cubic feet. In London, February Brent crude fell 37 cents to $49.25 a barrel on the ICE Futures exchange. - AP Earlier report SIOUX FALLS, South Dakota: Israel's ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports... (The Star Online, Malaysia -- Business)
