Investing.com –

Investing.com – U.S. soybean futures inched up modestly on Tuesday, but held near the lowest level in almost eight months amid indications of rapid planting progress in the U.S. Midwest.

On the Chicago Mercantile Exchange, US soybeans for July delivery inched up 2.23 cents, or 0.24%, to trade at $9.2663 a bushel during U.S. morning hours.

Grain markets were closed on Monday due to the U.S. Memorial Day holiday. Prices of the oilseed fell to $9.2260 on Friday, a level not seen since October 13, before settling at $9.2420, down 14.2 cents, or 1.52%.

Nearly 45% of the soybean crop was planted as of May 17, according to the U.S. Department of Agriculture, compared to 31% in the same week a year earlier, while the five-year average for this time of year is 36%.

Later in the day, the USDA will release updated crop progress numbers for the week ended May 24. The report comes out one day later than usual due to Monday’s Memorial Day holiday.

Meanwhile, US corn for July delivery shed 0.52 cents, or 0.15%, to trade at $3.5988 a bushel. On Friday, corn lost 5.0 cents, or 1.37%, to close at $3.6000.

According to the USDA, approximately 85% of the corn crop was planted as of May 17. Nearly 71% of the crop was planted during the same week a year earlier, while the five-year average for this time of year is 75%.

Elsewhere on the Chicago Board of Trade, US wheat for July delivery slumped 2.58 cents, or 0.5%, to trade at $5.1263 a bushel. Wheat dropped 6.6 cents, or 1.29%, on Friday to end at $5.1520.

Updated weather forecasting models pointed to more rainfall in the U.S. Great Plains-region later this week, which could potentially damage the maturing winter-wheat crop.

The USDA said that the U.S. winter wheat crop was rated 45% good to excellent as of May 17, while almost 94% of the spring wheat crop was planted. Only 47% of the crop was planted in the same week a year earlier, while the five-year average for this time of year is 65%.

Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.

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Investing.com – Indonesia stocks were higher after the close on Tuesday, as gains in the Consumer Industry, Infrastructure and Agriculture sectors led shares higher.

At the close in Jakarta, the IDX Composite Index added 0.62%.

The best performers of the session on the IDX Composite Index were Mitra Energi Persada Tbk PT (JK:KOPI), which rose 20.89% or 165.00 points to trade at 955.00 at the close. Meanwhile, Equity Development Investment (JK:GSMF) added 12.73% or 14 points to end at 124 and Trada Maritime Tbk (JK:TRAM) was up 11.54% or 6 points to 58 in late trade.

The worst performers of the session were Metro Realty Tbk (JK:MTSM), which fell 25.00% or 175 points to trade at 525 at the close. Mitrabara Adiperdana Tbk (JK:MBAP) declined 24.80% or 315.00 points to end at 955.00 and Centratama Telekomunikasi Ind (JK:CENT) was down 10.81% or 20 points to 185.

Rising stocks outnumbered declining ones on the Jakarta Stock Exchange by 189 to 169 and 35 ended unchanged.

Shares in Mitra Energi Persada Tbk PT (JK:KOPI) rose to all time highs; rising 20.89% or 165.00 to 955.00. Shares in Metro Realty Tbk (JK:MTSM) fell to 52-week lows; down 25.00% or 175 to 525. Shares in Mitrabara Adiperdana Tbk (JK:MBAP) fell to all time lows; falling 24.80% or 315.00 to 955.00.

Crude oil for July delivery was down 0.66% or 0.40 to $59.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.66% or 0.43 to hit $65.08 a barrel, while the August Gold contract fell 0.87% or 10.50 to trade at $1194.40 a troy ounce.

USD/IDR was up 0.27% to 13219.0, while AUD/IDR rose 0.30% to 10347.50.

The US Dollar Index was up 0.63% at 97.07.

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Premarket: US dollar hits 1-month high as periphery woes weigh on Europe

The Globe and Mail2 hours ago

Greece's financial crisis and signs of growing opposition to austerity in Spain sent the euro to its lowest level in a month on Tuesday, while shares and commodities took a knock as the dollar powered higher. Europe's main markets returned to action …

US Dollar Steady Higher in Holiday LullMarketPulse (blog)
Gold tumbles below $1200 on stronger dollar, US data aheadInvesting.com

Posted in Uncategorized.
Rebounding US dollar crucial for central banks

Financial Times3 hours ago

More than ever, countries are relying on weaker currencies for boosting their growth prospects in the low global interest rate environment.

Dollar Outlook: Kiwi may decline as outlook for US economy brightensThe National Business Review

Rebounding US dollar crucial for central banks

Financial Times36 minutes ago

More than ever, countries are relying on weaker currencies for boosting their growth prospects in the low global interest rate environment.

Dollar Outlook: Kiwi may decline as outlook for US economy brightensThe National Business Review
Aussie dollar holds steady ahead of global markets' returnSydney Morning Herald

Investing.com –

Investing.com – Shares in Tokyo dipped slightly on Tuesday despite a better than expected showing in the corporate services index.

The Nikkei 225 fell 0.04% after the corporate services price index rose 0.7% in April, better than the gain of 0.6% expected year-on-year.

Investors noted recent U.S. data showing that consumer prices rose for a third straight month in April and comments last week by Federal Reserve Chair Janet Yellen continued to support.

Trading volumes were thin with markets in the U.K., Germany and the U.S. closed for holidays on Monday.

The euro weakened as the prospect of a Greek default continued to weigh.

On Sunday Greece’s Interior Minister Nikos Voutsis warned that the country would be unable to make a 305 million payment to the International Monetary Fund due on June 5 if a cash-for-reforms deal with its international lenders is not reached by then.

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Peshmerga and US-led airstrikes pound ISIS positions east of Mosul

By Rudaw 9 hours ago


US-led coalition warplanes. AP photo.

ERBIL, Kurdistan Region — Peshmerga forces in coordination with US-led airstrikes bombarded two ISIS convoys on the Tigris front east of Mosul, killing seven militants, a Peshmerga commander told Rudaw on Monday.

“With the help of the coalition airstrikes, the Peshmerga managed to bombard two ISIS convoys near a kerosene factory in the village of Ishk on the Tigris front,” said Captain Dilshad Maulood, a Peshmerga commander.

Maulood said that several ISIS military vehicles were also destroyed.

http://rudaw.net/english/middleeast/iraq/250520155

Nonghyup Bank to start US dollar bond roadshow next week

Reuters4 hours ago

HONG KONG, May 26 (IFR) – South Korea's Nonghyup Bank, rated A1/A (Moody's/S&P), will start fixed-income meetings in Asia and Europe on June 1 ahead of a potential US dollar bond offering. The roadshows will visit London, Zurich, Singapore and Hong …