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Recent News:
  • 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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Strong Chinese economic news benefits soybean futures

Oct 18, 2012 12:02 PM

Conjecture about a steady demand of soybeans from China pushed up the legume's futures for a third consecutive day on Thursday, Bloomberg reports.

Economic data from last month about the Asian nation indicated the host of the globe's second largest economy might be stabilizing. Industrial production, retail sales and investments for fixed assets surpassed projections issued by analysts polled by Bloomberg for the month, representing good economic news as concerns grow about a slow down.

But the globe's largest importer of oilseed saw the third quarter of this year mark the seventh consecutive quarter of tepid growth.

"Today's data will fuel hopes that slowing Chinese growth will no longer be a drag on global growth," states a Thursday email to Bloomberg penned by broker Arnaud Saulais with Starsupply Commodity Brokers in Switzerland. "Slowing growth in China may no longer be seen as a drag on soybean prices."

At 10:49 a.m. on Thursday, soybean futures gained 1.92 percent, a 0.29 cent increase to $15.3825 per bushel.

Agriculture.com reports the markets for soybeans, corn and wheat are projected to climb on Thursday.

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