Category: agriculture

London _ Oil prices fell last week on easing supply worries with the end of winter approaching in the northern hemisphere, Opec’s move to maintain output and relatively smooth Iraqi elections. But metals were led lower by gold amid speculation that the International Monetary Fund could sell gold reserves under pressure from Group of Seven…

São Paulo – Brazil’s Coffee Exporters Council (Cecafé) said on Tuesday that in 2005 the country should export around 23 million 60-kilogram bags of the commodity. Of this total 18.09 million bags should be arabica coffee, 1.6 million bags robusta coffee and 3.31 million bags soluble coffee. If this forecast proves correct it will mean…

Soybean prices in Chicago rose Monday after China, the largest foreign buyer of U.S. supplies, made a purchase of more than 100,000 tons for the second time this month. U.S. exporters reported sales of 118,000 metric tons of soybeans to China, the U.S. Department of Agriculture said. Delivery is for the marketing year that began…

By Roberta Rampton – WINNIPEG, Manitoba (Reuters) – Canadian grain traders suspected Statistics Canada would find bigger crop yields in its latest survey of farmers released on Wednesday, but they said they were surprised by just how large production was. Despite a prolonged harvest delayed by snow and rain, and a jump in abandoned acres…

By Claudia Carpenter – Coffee prices in New York surged 13 percent to a four-year high after a report of an earthquake in Colombia, the world’s third-largest grower. A 6.7-magnitude earthquake struck the west coast of Colombia, destroying about 19 homes in the port city of Buenaventura, 220 miles west of Bogota, the Associated Press…

By Russell Blinch – SINGAPORE (Reuters) – It’s the world’s second biggest commodity and it’s an indispensable fuel for many, but unlike oil there are no looming shortages and prices are anything but healthy. Although it would be hard to tell after a trip to the gourmet coffee shop, coffee has suffered five years of…

By Bill Cara – In the first three parts of this series, I organized the 34 Brazilian stocks that trade on the New York Stock Exchange, first in order of their market capitalization, then in their industry sector group. Then I gave you some brief comments to say that the stock cycle in Brazil was…

By Lisa Kallal – CHICAGO (Dow Jones)–Traders on the Chicago Board of Trade floor found Thursday’s U.S. Department of Agriculture data to be bullish for soybean futures, but bearish corn and wheat. Traders called CBOT soybean futures mostly up 10-20 cents per bushel, after seeing a much lower-than-expected U.S. 2004-05 soybean crop. “If everyone believes…

By Darrel Good August 2004 soybean futures reached a high of $10.26 on March 24, 2004 and traded to a low of $7.05 on July 16. While some have termed the decline as unprecedented, it is reminiscent of some past price behavior. July 1977 soybean futures reached a contract high of $10.64 in May 1977…