Mon Sep 30, 2013
SYDNEY, Sept 30 (Reuters) - U.S. wheat fell for the first time in six sessions on Monday amid a broad-based commodity sell-off but is poised to record its first quarterly rise in a
year, buoyed by strong export demand from China and Brazil.
FUNDAMENTALS
* Front month Chicago Board Of Trade wheat is up nearly 6 percent for the month, the biggest jump since July, 2012.
* Wheat poised to finish the quarter up nearly 5.1 percent, the first quarterly gain for a year.
* Front-month soybeans down more 16 percent for the quarter, the worst performing period in three years.
* Beans down 8 percent for the month, having firmed 3.6 percent in August.
* Spot corn is down more than 33 percent for the quarter, the worst quarter since September 1996 as an expected bumper U.S. crop weighed on prices.
* The U.S. Department of Agriculture said private exporters reported sales of 121,600 tonnes of U.S. wheat to unknown destinations.
* Brazilian millers are looking at Polish wheat as a cheaper alternative to North American supply, milling group Pacifico said Thursday.
* Soybeans under pressure ahead of the USDA's stocks report latert this week, which is expected to show Sept. 1 U.S. soybean inventories at a nine-year low.
MARKET NEWS
* The euro fell hard in Asia on Monday with Italy in the grip of a fresh political crisis, while investors also sold the greenback as a midnight deadline to avert a shutdown in
Washington loomed large.
Grains prices at 0035 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 681.25 -1.75 -0.26% +0.44% 653.47 75
CBOT corn 453.25 -0.75 -0.17% -0.77% 467.07 41
CBOT soy 1311.25 -8.50 -0.64% -0.42% 1342.53 37
CBOT rice $15.40 -$0.01 -0.03% +0.49% $15.52 42
WTI crude $101.60 -$1.27 -1.23% -1.39% $106.43 29
Currencies
Euro/dlr $1.349 -$0.003 -0.20% +0.04%
USD/AUD 0.929 -0.003 -0.30% -0.78%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Richard Pullin)
SYDNEY, Sept 30 (Reuters) - U.S. wheat fell for the first time in six sessions on Monday amid a broad-based commodity sell-off but is poised to record its first quarterly rise in a
year, buoyed by strong export demand from China and Brazil.
FUNDAMENTALS
* Front month Chicago Board Of Trade wheat is up nearly 6 percent for the month, the biggest jump since July, 2012.
* Wheat poised to finish the quarter up nearly 5.1 percent, the first quarterly gain for a year.
* Front-month soybeans down more 16 percent for the quarter, the worst performing period in three years.
* Beans down 8 percent for the month, having firmed 3.6 percent in August.
* Spot corn is down more than 33 percent for the quarter, the worst quarter since September 1996 as an expected bumper U.S. crop weighed on prices.
* The U.S. Department of Agriculture said private exporters reported sales of 121,600 tonnes of U.S. wheat to unknown destinations.
* Brazilian millers are looking at Polish wheat as a cheaper alternative to North American supply, milling group Pacifico said Thursday.
* Soybeans under pressure ahead of the USDA's stocks report latert this week, which is expected to show Sept. 1 U.S. soybean inventories at a nine-year low.
MARKET NEWS
* The euro fell hard in Asia on Monday with Italy in the grip of a fresh political crisis, while investors also sold the greenback as a midnight deadline to avert a shutdown in
Washington loomed large.
Grains prices at 0035 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 681.25 -1.75 -0.26% +0.44% 653.47 75
CBOT corn 453.25 -0.75 -0.17% -0.77% 467.07 41
CBOT soy 1311.25 -8.50 -0.64% -0.42% 1342.53 37
CBOT rice $15.40 -$0.01 -0.03% +0.49% $15.52 42
WTI crude $101.60 -$1.27 -1.23% -1.39% $106.43 29
Currencies
Euro/dlr $1.349 -$0.003 -0.20% +0.04%
USD/AUD 0.929 -0.003 -0.30% -0.78%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Richard Pullin)
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