ICE cotton up on support from outside markets, limited mill buying
2013-05-17 22:37:39 GMT : (Markets - Commodities/Americas)
NEW YORK: ICE Cotton futures edged up on Friday in light trading volume, supported by outside commodities and financial markets and scaled-down mill buying, dealers said.The most-active July cotton contract on ICE Futures US edged up 0.38 cent, or 0.4 percent, to settle at 86.41 cents per pound. The spot-contract was little changed from last week's close.The Thomson Reuters-Jefferies CRB Index...
Corn up nearly 2 percent with farmers busy planting
2013-05-17 22:17:26 GMT : (Markets - Commodities/Americas)
CHICAGO: US corn futures rose 1.8 percent on Friday, reversing three days of declines on strong cash markets as farmers focused on planting their 2013 crop rather than selling in the cash market, traders and analysts said.Soybeans rose for a second session, with the benchmark July contract reaching a two-month high on tight US supplies and a firm cash market.Wheat fell for a third day in a row on ...
Gold slides to 4-week low as investors sidestep bullion
2013-05-16 23:16:11 GMT : (Markets - Commodities/Americas)
NEW YORK/LONDON: Gold dropped to a four-week low on Thursday, as renewed liquidation in gold-exchange traded funds and its recent drop below the $1,400-per-ounce level spooked bullion investors, prompting them to favor other assets.Traders said the fall below $1,400 in the previous session triggered heavy selling and that the yellow metal might retest two-year lows of $1,321.35 touched on April 16...
Argentina soy price firms on CBOT gains; trade thin
2013-05-16 23:10:45 GMT : (Markets - Commodities/Americas)
BUENOS AIRES: Argentina's closing soy prices and trends on Thursday:In the key grains market of Rosario, soy traded firm at 1,690-1,730 pesos ($323-$331) per tonne, compared with 1,711 pesos on Wednesday, sustained by gains in US soy futures.Trade volume shrank to a paltry 5,000 tonnes from about 15,000 tonnes previously as farmers held out for higher prices, local traders said.Soybean futures...
Cotton futures edge down on producer hedging, weaker commodities
2013-05-16 22:07:55 GMT : (Markets - Commodities/Americas)
NEW YORK: Cotton futures slipped on Thursday in light trading volume, under pressure from producer selling, weakening commodity markets and US weekly export data seen as mixed, dealers said.The most-active July cotton contract on ICE Futures US fell 0.42 cent, or 0.5 percent, to settle at 86.03 cents per pound, after mixed trading throughout the session.With US plantings picking up, trade hedging ...
Corn falls as US crop prospects improve; soy rallies
2013-05-16 22:06:23 GMT : (Markets - Commodities/Americas)
CHICAGO: US corn futures fell 1.4 percent on Thursday on optimism over seeding progress and prospects for the new crop, while soybeans rose on tight US supplies, traders said.Wheat fell on technical selling and seasonal pressure as the US harvest neared, with the Chicago Board of Trade July contract hitting a six-week low.At the CBOT, July corn ended down 9-1/4 cents at $6.41-1/2 per bushel after ...
Cotton slips as commodities ease; strong dollar weighs
2013-05-15 22:45:33 GMT : (Markets - Commodities/Americas)
NEW YORK: New York cotton prices slipped on Wednesday, following the broader commodity markets lower on the back of a stronger US dollar, dealers said.The most-active July cotton contract on ICE Futures US eased 0.47 cent, or 0.5 percent, to settle at 86.45 cents per pound after trading as low as 85.61 earlier in the session."Prices took their lead from the broader commodity markets," said INTL FC...
Gold slips below $1,400, down 2 percent on economic optimism
2013-05-15 20:34:32 GMT : (Markets - Commodities/Americas)
NEW YORK/LONDON: Gold slid below $1,400 an ounce on Wednesday, losing two percent and hitting its lowest in nearly a month as a record rally in US equities and economic optimism undermined bullion's safe-haven appeal.The metal fell for a fifth straight session for its longest daily losing streak since January 2011 as the S&P 500 hit a new all-time high and Wall Street has risen for four co...
Wheat falls 2 percent on firm dollar, sluggish exports
2013-05-15 20:25:50 GMT : (Markets - Commodities/Americas)
CHICAGO: Wheat futures on the Chicago Board of Trade fell 2.4 percent to a two-week low on Wednesday in reaction to technical selling, a stronger US dollar and lackluster exports of US grain, traders said.Soybeans fell on chart-based selling and monthly data showing a slower-than-expected US soybean crushing pace.Corn was pulled down by soy and wheat in thin trading, along with favourable US plant...
US stocks rise on small business optimism
2013-05-14 13:44:27 GMT : (Markets - Commodities/Americas)
NEW YORK: US stocks opened slightly higher Tuesday after a solid improvement in small-business confidence.Five minutes into trade, the Dow Jones Industrial Average added 15.50 (0.10 percent) to 15,107.18.The broad-based S&P 500 rose 3.44 (0.21 percent) to 1,637.21, while the tech-rich Nasdaq Composite Index increased 6.70 (0.19 percent).The National Federation of Independent Business's Sma...
Oil falls as China demand slows, US gasoline sales dive
2013-05-13 21:38:41 GMT : (Markets - Commodities/Americas)
NEW YORK: Crude oil prices settled lower on Monday after a choppy day of trading, hit by slowing oil demand in China and data showing the biggest drop for US retail gasoline sales in more than four years.Positive US retail sales data supported the idea that the US economy was continuing to recover but it did not apply to gasoline sales, underscoring ailing demand for the fuel. The retail data also...
US corn soars on firm cash market, technicals
2013-05-13 21:23:40 GMT : (Markets - Commodities/Americas)
CHICAGO: US corn futures advanced on Monday on firm cash markets and concerns that another round of showers would stall planting late this week in the US Midwest, where producers are scrambling to catch up after a cool, wet spring delayed field work."We'll definitely see pretty healthy plantings the first half of this week, then delays again beginning next weekend," said John Dee, meteorologis...
ICE Canada canola rises ahead of USDA production forecasts
2013-05-10 16:48:29 GMT : (Markets - Commodities/Americas)
WINNIPEG: ICE Canada canola futures rose early on Friday in thin volume, as traders awaited a US Department of Agriculture (USDA) report.USDA to release its first official US 2013 production forecasts for wheat and other crops at 11 a.m. CDT (1600 GMT).* Short-covering and routine exporter buying seen supporting canola, with new-crop November's gains limited by the start of planting in Western...
Narrow window for US corn plantings next week
2013-05-10 12:12:44 GMT : (Markets - Commodities/Americas)
CHICAGO: Drier weather by the weekend into early next week will boost US corn plantings that have fallen to the slowest pace in nearly three decades, an agricultural meteorologist said on Friday."There is good news and bad news. The good news is it will be drier for a few days and the bad news is there will be more showers later next week," said John Dee, meteorologist for Global Weather Monitorin...
Oil down after rally on German data, Mideast tensions
2013-05-07 22:44:42 GMT : (Markets - Commodities/Americas)
NEW YORK: Brent crude oil fell more than $1 on Tuesday as worries about market fundamentals curbed an early rise that had brought the price close to $106 a barrel on strong German data and concern about tension in the Middle East.Fears of supply disruption after the Israeli air strikes on Syria close to Damascus boosted Brent early in the session, and it got close to the highest level in nearly a ...
Cotton futures rise for 3rd straight session on weather worries
2013-05-06 23:26:39 GMT : (Markets - Commodities/Americas)
NEW YORK: ICE cotton rose on Monday for a third straight session, on buying by investors worried about the supply outlook due to unfavorable crop weather in the United States, the world's top exporter of the fiber, dealers said.The most-active July contract on ICE Futures US rose 0.96 cent, or 1.1 percent, to settle at 87.39 cents per lb.Cotton traders worried about drought conditions in Texas...
US corn falls 3.7pc as planters roll, pulls wheat lower
2013-05-06 21:11:18 GMT : (Markets - Commodities/Americas)
CHICAGO: US corn futures fell 3.7 percent on Monday, their biggest drop in more than a month, on forecasts for warm and dry weather that will allow US farmers to rapidly plant crops during the next week, traders said.Soybeans also fell on expectations that farmers will be able to ramp up their planting soon, while wheat dropped on spillover weakness from corn prices."The trade has ideas that we ar...
ICE canola mixed; tight stocks lift nearby contracts
2013-05-06 17:05:08 GMT : (Markets - Commodities/Americas)
WINNIPEG: ICE Canada canola futures were mixed early on Monday, with nearby contracts supported by tight old-crop supplies and back months pressured by outlooks for improved planting weather, traders said.Most-active July canola was higher as traders digested Friday's Statistics Canada report that estimated the lowest March 31 canola stocks in eight years.As of 9:07 a.m. CDT (1407 GMT), July c...
Corn slides as planting weather seen improving
2013-05-06 14:30:47 GMT : (Markets - Commodities/Americas)
PARIS: Chicago corn futures fell more than 2 percent on Monday as reports of lighter rainfall in the US grain belt eased concerns about planting delays that had sent the market surging to a one-month high last week.US and European wheat futures slipped around 1.5 percent, pressured by the slide in corn and also the prospect that higher production in India will lead the country to export more in or...
Higher beef prices lift US live cattle futures
2013-05-01 23:21:50 GMT : (Markets - Commodities/Americas)
CHICAGO: Chicago Mercantile Exchange live cattle futures rallied Wednesday as the wholesale beef price, or cutout, moved sharply higher, said analysts and traders. Wednesday's beef cutout value jumped to a 10-year high with the arrival of warm, dry weather over much of the country, which analysts believe will boost outdoor cookouts.The wholesale price choice beef on Wednesday rose $3.10 to $1...