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Thursday, 1 August 2013

2013.07.31 21:58:33 U.S. wheat up 1.4 pct; weather outlook blunts corn, soy gains

  • U.S. wheat futures rose for the fourth day in a row on Wednesday. The benchmark Chicago Board of Trade September soft red winter wheat futures contract gained 1.4 percent, its biggest daily rally since July 9.
  • Soybeans dropped 12.2 percent this month -- their biggest monthly drop since September 2011 -- and wheat was up 2.4 percent.
  • CBOT September wheat settled up 9 cents at $6.64-1/4 a bushel at 10:38 a.m. CDT (1538 GMT). The contract settled above a key technical resistance point at its 20-day moving average for the first time since July 12.
  • CBOT August soybeans were 24 cents higher at $13.74, but volume was thin as the contract was in the delivery period. The new-crop November contract was up 3-1/4 cents at $12.06-1/4 a bushel, bouncing slightly after hitting its lowest in more than three months early in the day.
  • CBOT September corn was up 3-1/2 cents at $4.99 a bushel and new-crop December up 1-1/2 cents at $4.79 a bushel.

2013.07.31 21:58:33 U.S. wheat up 1.4 pct; weather outlook blunts corn, soy gains

  • U.S. wheat futures rose for the fourth day in a row on Wednesday. The benchmark Chicago Board of Trade September soft red winter wheat futures contract gained 1.4 percent, its biggest daily rally since July 9.
  • Soybeans dropped 12.2 percent this month -- their biggest monthly drop since September 2011 -- and wheat was up 2.4 percent.
  • CBOT September wheat settled up 9 cents at $6.64-1/4 a bushel at 10:38 a.m. CDT (1538 GMT). The contract settled above a key technical resistance point at its 20-day moving average for the first time since July 12.
  • CBOT August soybeans were 24 cents higher at $13.74, but volume was thin as the contract was in the delivery period. The new-crop November contract was up 3-1/4 cents at $12.06-1/4 a bushel, bouncing slightly after hitting its lowest in more than three months early in the day.
  • CBOT September corn was up 3-1/2 cents at $4.99 a bushel and new-crop December up 1-1/2 cents at $4.79 a bushel.

2013.07.31 21:26:30 U.S SHORT-TERM INTEREST-RATE FUTURES TURN POSITIVE; TRADERS NOW SEE FIRST FED RATE HIKE IN JAN 2015

U.S SHORT-TERM INTEREST-RATE FUTURES TURN POSITIVE; TRADERS NOW SEE FIRST FED RATE HIKE IN JAN 2015

2013.07.31 21:19:30 U.S. STOCKS PARE GAINS, DOW INDUSTRIALS TURN NEGATIVE

U.S. STOCKS PARE GAINS, DOW INDUSTRIALS TURN NEGATIVE

2013.07.31 21:05:30 FED SAYS HOUSING SECTOR HAS BEEN STRENGTHENING, BUT MORTGAGE RATES HAVE RISEN SOMEWHAT, FISCAL POLICY IS RESTRAINING GROWTH

FED SAYS HOUSING SECTOR HAS BEEN STRENGTHENING, BUT MORTGAGE RATES HAVE RISEN SOMEWHAT, FISCAL POLICY IS RESTRAINING GROWTH