USA/Europe Closing Market Report - Thursday, August 28th 2008
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Comments : Good morning : CBOT soy complex ended lower on non-threatening crop weather, lower crude oil and bearish palm fundamentals. Crude oil was down USD2.56 per barrel at the close which prompted speculative fund selling on soy. Lower than expected weekly export sales and a lower monthly crush gave ideas of demand rationing at current high prices.
Dow Jones Close
Dow Jones overnight closed up 212.67 to 11,715.18 points.
Currencies Closing (previous day's closing in brackets)
US Dollar : Euro : USD1.4701 (USD1.4725), Sin.Dollar 1.4179 (1.4172), Mal Ringgit 3.3850 (3.3840), Japanese Yen : 109.50 (109.47), Indo Rupiah 9140 (9155).
Petroleum Oil Closing prices -
Petroleum closed : Light sweet crude for Oct delivery down USD2.56 to USD115.59 per barrel.
CBOT Close : -
Soybeans : Sept 1332.50 -15.5, Nov 1324 -24, Jan 1341.30 -23.75
Soyoil : Sept 53.34 -0.88, Oct 53.58 -0.85, Dec 54.08 -0.85
Crude Palm Oil cif Rotterdam.
Sept 840s, OND 830s, JFM 835s,
Crude Coconut Oil cif Rotterdam
Sept-Oct 1250
Crude Palm Kernel Oil cif Rotterdam
ON 1100s, ND 1100s, JF 1120s
Crude Rapeseed Oil fob Dutch max 2% f.f.a. fob mill in Euro per metric ton
Sep-Oct 935s, Nov-Jan 933s, Feb-Apr 925s
Last prices on Malaysian RBDP Olein fob Malaysian ports basis
Sept 850s, OND 845s/835b, JFM 850s/840b,
US GULF: CDSBO FOB GULF SELLERS SOND +25
CAN CANOLA OIL FOB VANCOUVER SO +375
US CORN OIL FOB SON 1360/MT
BRAZIL SBO SOND -280, AM -300
ARGENTINA SBO SOND -370, MJJ -390,
SUNOIL-FOB ARGENTINA SEP 1190, OND 1140
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Posted at 05:19PM Aug 28, 2008 by MarketReports admin in USA-Europe |