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  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Traders hold optimistic views for corn, soybean futures, poll finds

Aug 31, 2012 03:23 PM

Conjecture about rain arriving too late prompted optimism among traders of corn and soybeans, influencing them to hold brighter outlooks for the grains, according to a Bloomberg survey.

A survey indicated 17 analysts believe corn futures will gain next week while six said the grain will drop in value and four did not express opinions either way as the worst drought in more than 50 years continues. Twenty analysts forecast increases for soybean futures while four apiece predict losses and minimal change.

"This summer's commodity rally is most likely over unless substantial policy stimulus is launched in the U.S., Europe or China," analyst Filip Petersson with SEB AB in Stockholm told the news source. "Now is the time to be long gold."

At 11:56 a.m. on Friday, soybean futures fell 0.72 percent, a 0.1275 loss to $17.5075 per bushel. At 11:55 a.m., corn futures slipped 1.52 percent, a 0.1225 fall to $7.9625 per bushel.

Agence France-Presse reports the World Bank said July saw food prices advance 10 percent, which poses a peril to the poor and malnourished of Africa and the Middle East.

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