SYDNEY Australia's conservative coalition secured an outright parliamentary majority on Monday following a shock election victory, allowing Prime Minister Scott Morrison to progress his legislative agenda without the support of independents.
By Colin Packham
SYDNEY, May 20 U.S. corn futures rose more than
1% on Monday to hit a 10-month high as showers across a key
growing region stoked fears of more planting delays.
* The most active corn futures on the Chicago Board of Trade
rose 1.3% to $3.88-1/4 a bushel by 0119 GMT, near the
session high of $3.88-1/2 a bushel - the highest since July
* The most active wheat futures were up 1.4% at
$4.71-1/2 a bushel, after closing little down 0.4 percent on
* The most active soybean futures added nearly 1% at
$8.29-1/2 a bushel after closing down 2.1% on Friday.
* Showers over the next 10 days are threatening to further
slow planting from the Dakotas to Illinois, regions that have
endured torrential rain this spring, the Commodity Weather Group
* The delayed planting season across much of North America
is starting to cause economic ripple effects along the farm
supply chain. Executives at agricultural equipment maker Deere &
Co on Friday warned that farmers are becoming "much more
cautious about making major purchases," in part because of the
weather impact on planting.
* Traders are anxious, too, to see the U.S. Department of
Agriculture's next crop update on Monday to see whether farmers
made much headway during relatively drier conditions earlier
* The Australian dollar got a boost against the greenback on
Monday following a surprise election victory by the country's
conservative government, while the yen dipped slightly on a
recovery in market sentiment.
* Oil prices jumped as much as 1 percent on Monday after
Saudi Energy Minister Khalid al-Falih indicated there was
consensus among OPEC and allied oil producers to continue
Grains prices at 0119 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 471.50 6.50 +1.40% +0.96% 448.55 78
CBOT corn 388.25 5.00 +1.30% +2.44% 366.67 80
CBOT soy 829.50 7.75 +0.94% -1.22% 861.73 51
CBOT rice 11.07 -$0.01 -0.05% +1.47% $10.74 84
WTI crude 63.64 $0.88 +1.40% +1.22% $63.34 65
Euro/dlr $1.116 $0.001 +0.06% -0.08%
USD/AUD 0.6914 0.005 +0.67% +0.32%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; editing by Richard Pullin)
SYDNEY, May 20 Oil prices jumped as much as 1
percent on Monday after Saudi Energy Minister Khalid al-Falih
indicated there was consensus among OPEC and allied oil
producers to continue limiting supplies.
SYDNEY Australian Prime Minister Scott Morrison may have won more than just another three years in office for his conservative coalition government.
SYDNEY Bob Hawke, a transformative and charismatic left-wing lawmaker with a "larrikin' streak who served as Australian prime minister from 1983 to 1991, died on Thursday aged 89, his family said. | Video
SYDNEY Australian politicians scrambled to win over undecided voters on Friday, the last day of a general election campaign that has ended in mourning for one of the country's most popular leaders.
SYDNEY Australia's political leaders on Thursday made their last big pitch to voters ahead of a May 18 election, with the death of Bob Hawke, the opposition Labor party's longest-serving prime minister likely to loom over the political scene in coming days.
SYDNEY, May 16 Oil prices edged up on Thursday
to extend gains into a third straight session, as tensions in
the Middle East stoked fears of potential disruptions to supply.
SYDNEY, May 15 Australia will import its first
shipment of wheat in more than a decade as a drought across the
country's east coast wilts supply in the world's fourth largest
exporter of the staple grain.
SYDNEY A recent cooling of the Pacific Ocean has reduced the threat of an El Nino weather event developing this year, Australia's Bureau of Meteorology (BOM) said on Tuesday.