Market Snippets
Australian ASX March milling wheat closes up A$7 at A$290.50 Wednesday, supported by recent CBOT gains. The contract has now bounced almost A$40/tonne from a low of A$251/tonne set on Dec. 12th.
Informa drops it's Brazilian soybean crop estimate for 2009 by 1mmt, Argy soybean output is left unchanged.
The USDA are out Monday with a 2009/10 US winter wheat plantings figure, with a reduction of anywhere from 1-3 million acres being touted. Slightly lower figures are expected for US 2008 corn and soybean production numbers.
Crude oil eases slightly ahead of US stocks data due for release this afternoon. Crude and gasoline stocks are expected to increase by around 1m barrels each last week.
Russia has cut all gas supplies to Europe through Ukraine just before 6am GMT Wednesday according to Ukrainian utility NAK Naftogaz Ukrainy.
Marks & Spencer added to the High Street gloom yesterday by announcing its worst quarterly sales performance for a decade and said it would cut around 1,230 jobs in a bid to save money in a tough trading environment.
The Mosaic Company, the largely Cargill-owned fertiliser manufacturer, announced Tuesday net earnings of $959.8 million, or $2.15 per diluted share, for the second quarter ended November 30, 2008.
The Bank of England is set to vote for another interest rate cut on Thursday this week, bringing the base rate to below 2% for the first time since the central bank was founded in 1694.
eCBOT grains are lower overnight in consolidation from recent gains. Soybeans and wheat hit three-month highs in Chicago last night with corn posting two-month highs.
A 19-year-old Beijing woman has died of bird flu, the first human case of the virus in China since February last year.
Informa drops it's Brazilian soybean crop estimate for 2009 by 1mmt, Argy soybean output is left unchanged.
The USDA are out Monday with a 2009/10 US winter wheat plantings figure, with a reduction of anywhere from 1-3 million acres being touted. Slightly lower figures are expected for US 2008 corn and soybean production numbers.
Crude oil eases slightly ahead of US stocks data due for release this afternoon. Crude and gasoline stocks are expected to increase by around 1m barrels each last week.
Russia has cut all gas supplies to Europe through Ukraine just before 6am GMT Wednesday according to Ukrainian utility NAK Naftogaz Ukrainy.
Marks & Spencer added to the High Street gloom yesterday by announcing its worst quarterly sales performance for a decade and said it would cut around 1,230 jobs in a bid to save money in a tough trading environment.
The Mosaic Company, the largely Cargill-owned fertiliser manufacturer, announced Tuesday net earnings of $959.8 million, or $2.15 per diluted share, for the second quarter ended November 30, 2008.
The Bank of England is set to vote for another interest rate cut on Thursday this week, bringing the base rate to below 2% for the first time since the central bank was founded in 1694.
eCBOT grains are lower overnight in consolidation from recent gains. Soybeans and wheat hit three-month highs in Chicago last night with corn posting two-month highs.
A 19-year-old Beijing woman has died of bird flu, the first human case of the virus in China since February last year.