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	<title>Commodity Blog &#187; CBoT</title>
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	<description>Commodity Prices and Analysis</description>
	<lastBuildDate>Fri, 10 Feb 2012 20:53:12 +0000</lastBuildDate>
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		<title>Wheat Falls as Growth of Stockpiles Counters Damage from Weather</title>
		<link>http://www.commodityblog.com/commodity-prices-wheat/wheat-falls-as-growth-of-stockpiles-counter-damage-from-weather</link>
		<comments>http://www.commodityblog.com/commodity-prices-wheat/wheat-falls-as-growth-of-stockpiles-counter-damage-from-weather#comments</comments>
		<pubDate>Fri, 10 Feb 2012 20:44:55 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Wheat]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[harvest]]></category>
		<category><![CDATA[US Department of Agriculture]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=9012</guid>
		<description><![CDATA[Wheat was falling for&#160;the&#160;second trading session today on&#160;signs that there will be enough stockpiles to&#160;counter damage that adverse weather has done to&#160;supplies. The&#160;US Department of&#160;Agriculture estimated that world wheat inventories will rise to&#160;213.1 million metric tons before the&#160;2012 harvest in&#160;the&#160;Northern Hemisphere, 6.2 percent above last year&#8217;s figure. Wheat also fell with other commodities on&#160;bad news [...]]]></description>
			<content:encoded><![CDATA[<p>Wheat was falling for&nbsp;the&nbsp;second trading session today on&nbsp;signs that there will be enough stockpiles to&nbsp;counter damage that adverse weather has done to&nbsp;supplies. The&nbsp;<a href="http://www.usda.gov/">US Department of&nbsp;Agriculture</a> estimated that world wheat inventories will rise to&nbsp;213.1 million metric tons before the&nbsp;2012 harvest in&nbsp;the&nbsp;Northern Hemisphere, 6.2 percent above last year&#8217;s figure.</p>
<p>Wheat also fell with other commodities on&nbsp;bad news from Europe. Bailout for&nbsp;Greece was postponed as&nbsp;Greek leaders rejected additional budget cuts that other members of&nbsp;the&nbsp;European Union demanded. Most traders were unprepared for&nbsp;such turn of&nbsp;events as&nbsp;it has looked almost certain that Greece would receive aid.</p>
<p>Wheat fell from $6.4575 to&nbsp;$6.2925 per bushel as&nbsp;of&nbsp;20:40 GMT today on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a>.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-wheat/wheat-falls-as-growth-of-stockpiles-counter-damage-from-weather">Wheat Falls as Growth of Stockpiles Counters Damage from Weather</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<item>
		<title>Wheat Climbs to Monthly Record on Concerns About Cold Weather</title>
		<link>http://www.commodityblog.com/commodity-prices-wheat/wheat-climbs-to-monthly-record-on-concerns-about-cold-weather</link>
		<comments>http://www.commodityblog.com/commodity-prices-wheat/wheat-climbs-to-monthly-record-on-concerns-about-cold-weather#comments</comments>
		<pubDate>Tue, 31 Jan 2012 21:30:14 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Wheat]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[crops]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Ukraine]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8939</guid>
		<description><![CDATA[Wheat rose today to&#160;a&#160;monthly high on&#160;concerns that cold weather in&#160;Europe will hurt output. Temperatures in&#160;Ukraine may fall below 15 degree Fahrenheit, threatening crops, especially those not covered with&#160;snow. At&#160;the&#160;same time, Russia is considering a&#160;tax on&#160;exports. Additionally, wheat was rising with other commodities on&#160;speculation that Greece is making progress in&#160;debt-reduction discussions. The&#160;European leaders agreed about sanctions [...]]]></description>
			<content:encoded><![CDATA[<p>Wheat rose today to&nbsp;a&nbsp;monthly high on&nbsp;concerns that cold weather in&nbsp;Europe will hurt output. Temperatures in&nbsp;Ukraine may fall below 15 degree Fahrenheit, threatening crops, especially those not covered with&nbsp;snow. At&nbsp;the&nbsp;same time, Russia is considering a&nbsp;tax on&nbsp;exports.</p>
<p>Additionally, wheat was rising with other commodities on&nbsp;speculation that Greece is making progress in&nbsp;<nobr>debt-reduction</nobr> discussions. The&nbsp;European leaders agreed about sanctions on&nbsp;countries with high budget deficit.</p>
<p>Wheat price climbed from $6.4475 to&nbsp;$6.6625 per bushel as&nbsp;of&nbsp;21:24 GMT today on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a> after reaching $6.6750 &#8212; the&nbsp;highest since January 3.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-wheat/wheat-climbs-to-monthly-record-on-concerns-about-cold-weather">Wheat Climbs to Monthly Record on Concerns About Cold Weather</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Corn &amp; Soybeans Drop on Improving Weather in South America</title>
		<link>http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-drop-on-improving-weather-in-south-america</link>
		<comments>http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-drop-on-improving-weather-in-south-america#comments</comments>
		<pubDate>Tue, 31 Jan 2012 00:58:39 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Corn]]></category>
		<category><![CDATA[Commodity Prices - Soybean]]></category>
		<category><![CDATA[Argentina]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[crops]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8931</guid>
		<description><![CDATA[Corn and&#160;soybeans fell on&#160;forecast that rains may alleviate drought in&#160;South America. Global Weather Monitoring predicted that about 90 percent of&#160;areas planted with soybeans in&#160;Argentina and&#160;Brazil will get as&#160;much as&#160;3 inches (7.6 centimeters) of&#160;rainfall. Previously, the&#160;region suffered from drought, therefore the&#160;forecast increases prospects for&#160;output. Returning worries about the&#160;debt crisis in&#160;the&#160;European Union also hurt the&#160;commodities. European leaders [...]]]></description>
			<content:encoded><![CDATA[<p>Corn and&nbsp;soybeans fell on&nbsp;forecast that rains may alleviate drought in&nbsp;South America. Global Weather Monitoring predicted that about 90 percent of&nbsp;areas planted with soybeans in&nbsp;Argentina and&nbsp;Brazil will get as&nbsp;much as&nbsp;3 inches (7.6 centimeters) of&nbsp;rainfall. Previously, the&nbsp;region suffered from drought, therefore the&nbsp;forecast increases prospects for&nbsp;output.</p>
<p>Returning worries about the&nbsp;debt crisis in&nbsp;the&nbsp;European Union also hurt the&nbsp;commodities. European leaders were meeting yesterday at&nbsp;summit in&nbsp;Brussels. Investors are concerned that previously planned measures won&#8217;t be enough to&nbsp;contain spread of&nbsp;the&nbsp;problems across the&nbsp;eurozone.</p>
<p>Corn traded near $6.3200 per bushel today as&nbsp;of&nbsp;00:43 GMT on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a>, following the&nbsp;slump from $6.3925 to&nbsp;$6.3200 yesterday. Soybeans traded at&nbsp;$11.8900 per bushel today after falling from $12.1425 to&nbsp;$11.8525.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-drop-on-improving-weather-in-south-america">Corn &#038; Soybeans Drop on Improving Weather in South America</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		</item>
		<item>
		<title>Soybeans &amp; Rubber Down as US Indicators Deteriorate</title>
		<link>http://www.commodityblog.com/commodity-prices-soybeans/soybeans-rubber-down-as-us-indicators-deteriorate</link>
		<comments>http://www.commodityblog.com/commodity-prices-soybeans/soybeans-rubber-down-as-us-indicators-deteriorate#comments</comments>
		<pubDate>Fri, 27 Jan 2012 06:41:42 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Soybean]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[new home sales]]></category>
		<category><![CDATA[rubber]]></category>
		<category><![CDATA[S&P GSCI index]]></category>
		<category><![CDATA[Tokyo Commodity Exchange]]></category>
		<category><![CDATA[unemployment claims]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8908</guid>
		<description><![CDATA[Soybeans and&#160;rubber declined today as&#160;macroeconomic data from the&#160;United States showed decreasing number of&#160;new home sales and&#160;increasing number of&#160;unemployment claims. Claims for&#160;unemployment benefits rose from 356,000 to&#160;377,000 last week. New homes sales were at&#160;a&#160;seasonally adjusted rate of&#160;307,000 in&#160;December, compared to&#160;the&#160;median forecast of&#160;321,000 and&#160;the&#160;November value of&#160;314,000. Yesterday, soybeans advanced as&#160;the&#160;pledge of&#160;the&#160;US Federal Reserve to&#160;keep interest rate record [...]]]></description>
			<content:encoded><![CDATA[<p>Soybeans and&nbsp;rubber declined today as&nbsp;macroeconomic data from the&nbsp;United States showed decreasing number of&nbsp;<a href="http://www.census.gov/construction/nrs/pdf/newressales.pdf">new home sales</a> and&nbsp;increasing number of&nbsp;<a href="http://www.dol.gov/opa/media/press/eta/ui/current.htm">unemployment claims</a>. Claims for&nbsp;unemployment benefits rose from 356,000 to&nbsp;377,000 last week. New homes sales were at&nbsp;a&nbsp;seasonally adjusted rate of&nbsp;307,000 in&nbsp;December, compared to&nbsp;the&nbsp;median forecast of&nbsp;321,000 and&nbsp;the&nbsp;November value of&nbsp;314,000.</p>
<p>Yesterday, soybeans advanced as&nbsp;the&nbsp;pledge of&nbsp;the&nbsp;US Federal Reserve to&nbsp;keep interest rate record low till 2014 <a href="http://www.commodityblog.com/commodity-prices-oil/commodities-higher-including-gold-oil-wheat">was supporting commodities</a>. The&nbsp;<a href="http://www.standardandpoors.com/indices/sp-gsci/en/us/?indexId=spgscirg--usd----sp------">Standard &#038; Poor’s GSCI Spot Index</a> of&nbsp;24 commodities added 1.5 percent yesterday.</p>
<p>Futures for&nbsp;delivery of&nbsp;rubber in&nbsp;July went down to&nbsp;316.4 yen per kilogram ($4,087 per metric ton) before trading at&nbsp;317.3 yen on&nbsp;the&nbsp;<a href="http://www.tocom.or.jp/">Tokyo Commodity Exchange</a>. Soybeans fell from $12.2175 to&nbsp;$12.1825 per bushel as&nbsp;of&nbsp;6:31 GMT on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a> after reaching the&nbsp;highest price since January 3 of&nbsp;$12.3500 yesterday.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-soybeans/soybeans-rubber-down-as-us-indicators-deteriorate">Soybeans &#038; Rubber Down as US Indicators Deteriorate</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Commodities Higher, Including Gold, Oil &amp; Wheat</title>
		<link>http://www.commodityblog.com/commodity-prices-oil/commodities-higher-including-gold-oil-wheat</link>
		<comments>http://www.commodityblog.com/commodity-prices-oil/commodities-higher-including-gold-oil-wheat#comments</comments>
		<pubDate>Thu, 26 Jan 2012 06:53:33 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Gold]]></category>
		<category><![CDATA[Commodity Prices - Oil]]></category>
		<category><![CDATA[Commodity Prices - Wheat]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[COMEX]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[ICE]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[NYMEX]]></category>
		<category><![CDATA[quantitative easing]]></category>
		<category><![CDATA[Russia]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8900</guid>
		<description><![CDATA[Crude oil and&#160;gold, as&#160;well as&#160;other commodities, jumped after the&#160;Federal Reserve maintained interest rates near zero and&#160;pledged to&#160;keep borrowing costs record low at&#160;least till late 2014. Such move was considered a&#160;&#8221;light&#8221; version of&#160;quantitative easing. It weakened the&#160;dollar and&#160;boosted commodities priced in&#160;the&#160;US currency. March for&#160;delivery of&#160;crude oil advanced $0.66 to&#160;$100.06 per barrel on&#160;NYMEX. Brent went higher from [...]]]></description>
			<content:encoded><![CDATA[<p>Crude oil and&nbsp;gold, as&nbsp;well as&nbsp;other commodities, jumped after the&nbsp;<a href="http://www.federalreserve.gov/">Federal Reserve</a> maintained interest rates near zero and&nbsp;<a href="http://www.federalreserve.gov/newsevents/press/monetary/20120125a.htm">pledged</a> to&nbsp;keep borrowing costs record low at&nbsp;least till late 2014. Such move was considered a&nbsp;&#8221;light&#8221; version of&nbsp;quantitative easing. It weakened the&nbsp;dollar and&nbsp;boosted commodities priced in&nbsp;the&nbsp;US currency. March for&nbsp;delivery of&nbsp;crude oil advanced $0.66 to&nbsp;$100.06 per barrel on&nbsp;<a href="http://www.cmegroup.com/company/nymex.html">NYMEX</a>. Brent went higher from $110.45 to&nbsp;$110.74 per barrel on&nbsp;<a href="http://www.nybot.com/">ICE</a> today as&nbsp;of&nbsp;6:41 GMT. Gold was up from $1,666.50 to&nbsp;$1,711.00 yesterday and&nbsp;traded at&nbsp;$1,710.80 today on&nbsp;<a href="http://www.cmegroup.com/company/comex.html">COMEX</a>.</p>
<p>Wheat was also higher on&nbsp;dwindling Russian stocks. Inventories of&nbsp;some Russian regions declined by&nbsp;more than 50 percent, while other regions shipped almost all of&nbsp;their supplies as&nbsp;exports picked up. Wheat climbed from $6.4075 to&nbsp;$6.4650 per bushel on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a> today.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-oil/commodities-higher-including-gold-oil-wheat">Commodities Higher, Including Gold, Oil &#038; Wheat</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Commodities Higher on German Sentiment &amp; Chinese GDP</title>
		<link>http://www.commodityblog.com/commodity-prices-oil/commodities-higher-on-german-sentiment-chinese-gdp</link>
		<comments>http://www.commodityblog.com/commodity-prices-oil/commodities-higher-on-german-sentiment-chinese-gdp#comments</comments>
		<pubDate>Wed, 18 Jan 2012 00:02:24 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Corn]]></category>
		<category><![CDATA[Commodity Prices - Oil]]></category>
		<category><![CDATA[Commodity Prices - Soybean]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[credit rating]]></category>
		<category><![CDATA[economic sentiment]]></category>
		<category><![CDATA[Eurozone]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[ICE]]></category>
		<category><![CDATA[NYMEX]]></category>
		<category><![CDATA[Standard & Poor’s]]></category>
		<category><![CDATA[ZEW]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8816</guid>
		<description><![CDATA[Commodities advanced today as&#160;German economic confidence improved, while China&#8217;s economic growth slowed, spurring speculation about stimulus. Oil, corn and&#160;soybeans were among gainers. China&#8217;s gross domestic product increased 8.9 percent in&#160;the&#160;fourth quarter of&#160;2011, following the&#160;9.1 percent expansion in&#160;the&#160;third quarter. That was the&#160;slowest growth in&#160;10 quarters. The&#160;report fueled talks that the&#160;country will perform measures to&#160;stimulate economic growth. [...]]]></description>
			<content:encoded><![CDATA[<p>Commodities advanced today as&nbsp;German economic confidence improved, while China&#8217;s economic growth slowed, spurring speculation about stimulus. Oil, corn and&nbsp;soybeans were among gainers.</p>
<p>China&#8217;s gross domestic product increased 8.9 percent in&nbsp;the&nbsp;fourth quarter of&nbsp;2011, following the&nbsp;9.1 percent expansion in&nbsp;the&nbsp;third quarter. That was the&nbsp;slowest growth in&nbsp;10 quarters. The&nbsp;report fueled talks that the&nbsp;country will perform measures to&nbsp;stimulate economic growth.</p>
<p><a href="http://www.zew.de/en/press/1896/zew-indicator-of-economic-sentiment---expectations-improve-noticeably">ZEW Economic Sentiment for&nbsp;Germany increased</a> from -53.8 to&nbsp;-56.1 (<nobr>month-on-month</nobr>) in&nbsp;January, the&nbsp;highest level since July 2011. Economic expectations for&nbsp;the&nbsp;eurozone improved to&nbsp;-32.5 this month from -54.1 in&nbsp;the&nbsp;month before.</p>
<p><a href="http://www.standardandpoors.com/ratings/articles/en/us/?articleType=HTML&#038;assetID=1245327294763">Standard &#038; Poor&#8217;s downgraded</a> credit ratings of&nbsp;several European countries on&nbsp;January 13. Markets were downbeat somewhat after the&nbsp;action, but quickly recovered as&nbsp;such move was expected and&nbsp;generally priced in.</p>
<p>February futures for&nbsp;delivery of&nbsp;crude oil advanced $2.01 (2 percent) to&nbsp;$100.71 per barrel on&nbsp;<a href="http://www.cmegroup.com/company/nymex.html">NYMEX</a>. Brent oil rose from $111.42 to&nbsp;$111.57 per barrel as&nbsp;of&nbsp;23:54 GMT today on&nbsp;<a href="http://www.nybot.com/">ICE</a>. Corn price was higher from $6.0125 to&nbsp;$6.0600 per bushel on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a> today, while soybeans rallied from $11.6300 to&nbsp;$11.8275 per bushel.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-oil/commodities-higher-on-german-sentiment-chinese-gdp">Commodities Higher on German Sentiment &#038; Chinese GDP</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Corn, Soybeans &amp; Wheat Drop as USDA Predicts Growing Inventories</title>
		<link>http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-wheat-drop-as-usda-predicts-growing-inventories</link>
		<comments>http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-wheat-drop-as-usda-predicts-growing-inventories#comments</comments>
		<pubDate>Thu, 12 Jan 2012 23:56:26 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Corn]]></category>
		<category><![CDATA[Commodity Prices - Soybean]]></category>
		<category><![CDATA[Commodity Prices - Wheat]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[crops]]></category>
		<category><![CDATA[USDA]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8773</guid>
		<description><![CDATA[Corn and&#160;wheat dropped today after the&#160;US Department of&#160;Agriculture predicted that global stockpiles will grow. Soybeans also declined. The&#160;USDA projected that world wheat inventories will increase by&#160;1.5 million metric tons to&#160;210.0 million in&#160;the&#160;2011&#8211;12 season, global corn stockpiles will grow 1.0 million tons to&#160;128.1 million tons and&#160;soybean ending stocks are projected to&#160;be higher by&#160;45 million at&#160;275 million [...]]]></description>
			<content:encoded><![CDATA[<p>Corn and&nbsp;wheat dropped today after the&nbsp;<a href="http://www.usda.gov/oce/commodity/wasde/latest.pdf">US Department of&nbsp;Agriculture predicted</a> that global stockpiles will grow. Soybeans also declined. The&nbsp;USDA projected that world wheat inventories will increase by&nbsp;1.5 million metric tons to&nbsp;210.0 million in&nbsp;the&nbsp;2011&#8211;12 season, global corn stockpiles will grow 1.0 million tons to&nbsp;128.1 million tons and&nbsp;soybean ending stocks are projected to&nbsp;be higher by&nbsp;45 million at&nbsp;275 million bushels.</p>
<p>Earlier, the&nbsp;agricultural commodities were rising as&nbsp;adverse weather posed threat to&nbsp;crops in&nbsp;South America. Nevertheless, the&nbsp;estimates of&nbsp;the&nbsp;USDA showed that lower supply from the&nbsp;region will be mostly offset by&nbsp;production in&nbsp;other parts of&nbsp;the&nbsp;world.</p>
<p>Wheat slipped from $6.4125 to&nbsp;$6.0500 per bushel as&nbsp;of&nbsp;23:47 GMT today on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a>. Corn tumbled from $6.5125 to&nbsp;$6.1150 per bushel, while soybeans fell from $11.9775 to&nbsp;$11.7350 per bushel today.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-wheat-drop-as-usda-predicts-growing-inventories">Corn, Soybeans &#038; Wheat Drop as USDA Predicts Growing Inventories</a> (12 words)</p>
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		<title>Corn &amp; Soybean Rally, Erase Gains</title>
		<link>http://www.commodityblog.com/commodity-prices-corn/corn-soybean-rally-erase-gains</link>
		<comments>http://www.commodityblog.com/commodity-prices-corn/corn-soybean-rally-erase-gains#comments</comments>
		<pubDate>Sat, 07 Jan 2012 00:16:15 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Corn]]></category>
		<category><![CDATA[Commodity Prices - Soybean]]></category>
		<category><![CDATA[Argentina]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[business confidence]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[crops]]></category>
		<category><![CDATA[European Commission]]></category>
		<category><![CDATA[US Department of Agriculture]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8739</guid>
		<description><![CDATA[Corn and&#160;soybeans were rising today on&#160;concerns that bad weather in&#160;South America may hurt crops. Later the&#160;agricultural commodities reversed its trend. Corn closed above the&#160;opening price, while soybeans ended session with losses. The&#160;continuing drought in&#160;Brazil and&#160;Argentina is worse than forecasters previously estimated and&#160;yield may be lower than was anticipated. The&#160;US Department of&#160;Agriculture predicted that Argentina will [...]]]></description>
			<content:encoded><![CDATA[<p>Corn and&nbsp;soybeans were rising today on&nbsp;concerns that bad weather in&nbsp;South America may hurt crops. Later the&nbsp;agricultural commodities reversed its trend. Corn closed above the&nbsp;opening price, while soybeans ended session with losses.</p>
<p>The&nbsp;continuing drought in&nbsp;Brazil and&nbsp;Argentina is worse than forecasters previously estimated and&nbsp;yield may be lower than was anticipated. The&nbsp;<a href="http://www.usda.gov/">US Department of&nbsp;Agriculture</a> predicted that Argentina will harvest 29 million metric tons of&nbsp;corn and&nbsp;52 million tons of&nbsp;soybeans.</p>
<p>The&nbsp;problems in&nbsp;the&nbsp;European Union reduced demands for&nbsp;commodities, including corn and&nbsp;soybeans. A&nbsp;report of&nbsp;the&nbsp;<a href="http://ec.europa.eu/index_en.htm">European Commission</a> showed that the&nbsp;<a href="http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm">economic sentiment</a> in&nbsp;the&nbsp;eurozone declined.</p>
<p>Corn closed at&nbsp;$6.4350 per bushel on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a> today after opening at&nbsp;$6.4200 and&nbsp;climbing to&nbsp;$6.4950. Soybeans fell from $11.9800 per bushel to&nbsp;close at&nbsp;$11.8852, following the&nbsp;advance to&nbsp;$12.0900.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-corn/corn-soybean-rally-erase-gains">Corn &#038; Soybean Rally, Erase Gains</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Demand for Oil Increases, Demand for Wheat Declines</title>
		<link>http://www.commodityblog.com/commodity-prices-oil/demand-for-oil-increases-demand-for-wheat-declines</link>
		<comments>http://www.commodityblog.com/commodity-prices-oil/demand-for-oil-increases-demand-for-wheat-declines#comments</comments>
		<pubDate>Thu, 29 Dec 2011 21:08:30 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Oil]]></category>
		<category><![CDATA[Commodity Prices - Wheat]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[crude oil inventories]]></category>
		<category><![CDATA[export]]></category>
		<category><![CDATA[ICE]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[NYMEX]]></category>
		<category><![CDATA[PMI]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8686</guid>
		<description><![CDATA[Oil gained today on&#160;the&#160;positive data from the&#160;United States even as&#160;the&#160;US inventories increased. The&#160;Chicago Purchasing Managers&#8217; Index was little changed at&#160;62.5 in&#160;December, while a&#160;decrease to&#160;60.4 was predicted by&#160;specialists, and&#160;pending home sales grew 7.3 percent in&#160;November, compared to&#160;the&#160;median forecast of&#160;1.7 percent. Iran responded to&#160;the&#160;possibility of&#160;sanctions from the&#160;USA by&#160;threatening to&#160;stop supplies through the&#160;Strait of&#160;Hormuz. US stockpiles of&#160;crude increased [...]]]></description>
			<content:encoded><![CDATA[<p>Oil gained today on&nbsp;the&nbsp;positive data from the&nbsp;United States even as&nbsp;the&nbsp;US inventories increased. The&nbsp;Chicago Purchasing Managers&#8217; Index <a href="http://www.kingbiz.com/count.asp?PublicDocumentID=258">was little changed at&nbsp;62.5</a> in&nbsp;December, while a&nbsp;decrease to&nbsp;60.4 was predicted by&nbsp;specialists, and&nbsp;pending home sales <a href="http://www.realtor.org/press_room/news_releases/2011/12/phs_nov">grew 7.3 percent</a> in&nbsp;November, compared to&nbsp;the&nbsp;median forecast of&nbsp;1.7 percent. Iran responded to&nbsp;the&nbsp;possibility of&nbsp;sanctions from the&nbsp;USA by&nbsp;threatening to&nbsp;stop supplies through the&nbsp;Strait of&nbsp;Hormuz. <a href="http://ir.eia.gov/wpsr/wpsrsummary.pdf">US stockpiles of&nbsp;crude</a> increased by&nbsp;3.9 million barrels to&nbsp;327.5 million barrels last week. February futures for&nbsp;crude oil delivery advanced $0.29 (0.3 percent) to&nbsp;$99.65 per barrel on&nbsp;<a href="http://www.cmegroup.com/company/nymex.html">NYMEX</a>. February contract for&nbsp;Brent oil gained from $107.43 to&nbsp;$107.96 per barrel on&nbsp;<a href="http://www.nybot.com/">ICE</a> as&nbsp;of&nbsp;21:08 GMT today.</p>
<p>Wheat declined today on&nbsp;prospect for&nbsp;falling demand for&nbsp;the&nbsp;crop in&nbsp;the&nbsp;United States as&nbsp;well as&nbsp;for&nbsp;US exports in&nbsp;other countries. Algeria turned away from the&nbsp;USA to&nbsp;other exporters, Argentina among them perhaps, for&nbsp;supplying wheat. Analysts say that surging prices for&nbsp;the&nbsp;agricultural commodity is the&nbsp;main reason for&nbsp;slower demand. Wheat dropped from $6.4875 to&nbsp;$6.4500 per bushel on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a>.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-oil/demand-for-oil-increases-demand-for-wheat-declines">Demand for Oil Increases, Demand for Wheat Declines</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Corn Jumps on South American Weather, Oil Drops on European Troubles</title>
		<link>http://www.commodityblog.com/commodity-prices-oil/corn-jumps-on-south-american-weather-oil-drops-on-european-troubles</link>
		<comments>http://www.commodityblog.com/commodity-prices-oil/corn-jumps-on-south-american-weather-oil-drops-on-european-troubles#comments</comments>
		<pubDate>Thu, 29 Dec 2011 00:19:49 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Corn]]></category>
		<category><![CDATA[Commodity Prices - Oil]]></category>
		<category><![CDATA[Argentina]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[Commodity Weather Group]]></category>
		<category><![CDATA[crops]]></category>
		<category><![CDATA[debt crisis]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[European Central Bank]]></category>
		<category><![CDATA[ICE]]></category>
		<category><![CDATA[NYMEX]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8679</guid>
		<description><![CDATA[Corn jumped today in&#160;the&#160;longest rally this year on&#160;concerns about dry weather in&#160;South America. Commodity Weather Group predicted that about 50 percent of&#160;the&#160;crops in&#160;Argentina will be dry in&#160;the&#160;next 10 days and&#160;about a&#160;third of&#160;Brazil’s crops will also suffer from drought. Corn advanced from $6.3200 to&#160;$6.4125 per bushel today as&#160;of&#160;23:32 GMT on&#160;CBoT and&#160;reached $6.4625 earlier &#8212; the&#160;highest price [...]]]></description>
			<content:encoded><![CDATA[<p>Corn jumped today in&nbsp;the&nbsp;longest rally this year on&nbsp;concerns about dry weather in&nbsp;South America. <a href="http://www.commoditywx.com/">Commodity Weather Group</a> predicted that about 50 percent of&nbsp;the&nbsp;crops in&nbsp;Argentina will be dry in&nbsp;the&nbsp;next 10 days and&nbsp;about a&nbsp;third of&nbsp;Brazil’s crops will also suffer from drought. Corn advanced from $6.3200 to&nbsp;$6.4125 per bushel today as&nbsp;of&nbsp;23:32 GMT on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a> and&nbsp;reached $6.4625 earlier &#8212; the&nbsp;highest price since November 16.</p>
<p>Oil declined as&nbsp;concerns about the&nbsp;European debt crisis intensified. The&nbsp;<a href="http://www.ecb.int/">European Central Bank</a> boosted lending to&nbsp;banks of&nbsp;the&nbsp;eurozone, spurring speculation that the&nbsp;European financial system is failing. February futures for&nbsp;crude oil delivery dropped $1.98 to&nbsp;$99.36 per barrel on&nbsp;<a href="http://www.cmegroup.com/company/nymex.html">NYMEX</a>. Brent crude declined from $109.06 to&nbsp;107.41 per barrel today on&nbsp;<a href="http://www.nybot.com/">ICE</a> after falling earlier to&nbsp;$106.77.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-oil/corn-jumps-on-south-american-weather-oil-drops-on-european-troubles">Corn Jumps on South American Weather, Oil Drops on European Troubles</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Corn Retreats from Monthly Record on Growing Supplies</title>
		<link>http://www.commodityblog.com/commodity-prices-corn/corn-retreats-from-monthly-record-on-growing-supplies</link>
		<comments>http://www.commodityblog.com/commodity-prices-corn/corn-retreats-from-monthly-record-on-growing-supplies#comments</comments>
		<pubDate>Thu, 22 Dec 2011 03:42:05 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Corn]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[crops]]></category>
		<category><![CDATA[supply and demand]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[US Department of Agriculture]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8635</guid>
		<description><![CDATA[Corn retreated today on&#160;the&#160;forecast of&#160;rising global supplies. The&#160;crop reached the&#160;highest price in&#160;a&#160;month yesterday. The&#160;US Department of&#160;Agriculture estimated that the&#160;world production will grow 4.8 percent to&#160;867.5 million metric tons in&#160;the&#160;2011&#8211;12 season. The&#160;global stockpiles will shrink by&#160;just 0.8 percent, demonstrating the&#160;smallest drop in&#160;three years. The&#160;output from the&#160;United States is expected to&#160;decline by&#160;1.1 percent, by&#160;the&#160;growth of&#160;the&#160;production in&#160;other parts [...]]]></description>
			<content:encoded><![CDATA[<p>Corn retreated today on&nbsp;the&nbsp;forecast of&nbsp;rising global supplies. The&nbsp;crop reached the&nbsp;highest price in&nbsp;a&nbsp;month yesterday.</p>
<p>The&nbsp;<a href="http://www.usda.gov/">US Department of&nbsp;Agriculture</a> estimated that the&nbsp;world production will grow 4.8 percent to&nbsp;867.5 million metric tons in&nbsp;the&nbsp;2011&#8211;12 season. The&nbsp;global stockpiles will shrink by&nbsp;just 0.8 percent, demonstrating the&nbsp;smallest drop in&nbsp;three years. The&nbsp;output from the&nbsp;United States is expected to&nbsp;decline by&nbsp;1.1 percent, by&nbsp;the&nbsp;growth of&nbsp;the&nbsp;production in&nbsp;other parts of&nbsp;the&nbsp;world, including the&nbsp;European Union and&nbsp;Russia, should surpass the&nbsp;predicted drop. Supply is rising as&nbsp;farmers reacted to&nbsp;the&nbsp;record prices this year by&nbsp;boosting production.</p>
<p>Corn prices advanced yesterday on&nbsp;the&nbsp;speculation that adverse weather in&nbsp;South America would hurt crops in&nbsp;South America and&nbsp;would increase demand for&nbsp;supplies from the&nbsp;USA. The&nbsp;prices reached the&nbsp;highest level since November 17.</p>
<p>Corn spot price was down from $6.1550 to&nbsp;$6.1450 per bushel as&nbsp;of&nbsp;3:27 GMT today on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a>. Yesterday, the&nbsp;price jumped from $6.0575 to&nbsp;$6.1675, while the&nbsp;daily high was $6.1900. The&nbsp;prices reached the&nbsp;record level of&nbsp;$7.9975 on&nbsp;June 10.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-corn/corn-retreats-from-monthly-record-on-growing-supplies">Corn Retreats from Monthly Record on Growing Supplies</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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		<title>Corn &amp; Soybeans Rally, While Coffee Goes Down</title>
		<link>http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-rally-while-coffee-goes-down</link>
		<comments>http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-rally-while-coffee-goes-down#comments</comments>
		<pubDate>Sat, 17 Dec 2011 01:55:05 +0000</pubDate>
		<dc:creator>Commodity Inspector</dc:creator>
				<category><![CDATA[Commodity Prices - Coffee]]></category>
		<category><![CDATA[Commodity Prices - Corn]]></category>
		<category><![CDATA[Commodity Prices - Soybean]]></category>
		<category><![CDATA[Argentina]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[CBoT]]></category>
		<category><![CDATA[crops]]></category>
		<category><![CDATA[ICE]]></category>
		<category><![CDATA[US Department of Agriculture]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.commodityblog.com/?p=8592</guid>
		<description><![CDATA[Corn and&#160;soybeans gained on&#160;the&#160;concerns about the&#160;adverse weather in&#160;Argentina and&#160;Brazil. Forecasters said that hot, dry weather may hurt crops in&#160;the&#160;South African countries. Corn climbed from $5.7825 to&#160;close at&#160;$5.8275 per bushel on&#160;CBoT. Soybeans advanced from $11.1225 to&#160;$11.2975 per bushel. Coffee fell as&#160;inventories grew. ICE-monitored stockpiles rose for&#160;the&#160;fifth consecutive week and&#160;have increased 20 percent since November 1. The&#160;prices [...]]]></description>
			<content:encoded><![CDATA[<p>Corn and&nbsp;soybeans gained on&nbsp;the&nbsp;concerns about the&nbsp;adverse weather in&nbsp;Argentina and&nbsp;Brazil. Forecasters said that hot, dry weather may hurt crops in&nbsp;the&nbsp;South African countries. Corn climbed from $5.7825 to&nbsp;close at&nbsp;$5.8275 per bushel on&nbsp;<a href="http://www.cmegroup.com/company/cbot.html">CBoT</a>. Soybeans advanced from $11.1225 to&nbsp;$11.2975 per bushel.</p>
<p>Coffee fell as&nbsp;inventories grew. <a href="http://www.theice.com/">ICE</a>-monitored stockpiles rose for&nbsp;the&nbsp;fifth consecutive week and&nbsp;have increased 20 percent since November 1. The&nbsp;prices may still rebound as&nbsp;the&nbsp;forecast of&nbsp;the&nbsp;<a href="http://www.usda.gov/">US Department of&nbsp;Agriculture</a> showed that the&nbsp;balance of&nbsp;supply and&nbsp;demand may result in&nbsp;deficit. Coffee prices declined from $2.1340 to&nbsp;$2.1095 per pound on&nbsp;ICE.<br />
(...)<br/>Read the rest of <a href="http://www.commodityblog.com/commodity-prices-corn/corn-soybeans-rally-while-coffee-goes-down">Corn &#038; Soybeans Rally, While Coffee Goes Down</a> (12 words)</p>
Posted on <a href="http://www.commodityblog.com/">Commodity blog</a>.]]></content:encoded>
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