01252017Wed
Last update: Wed, 25 Jan 2017 12am

Markets - Commodities

Markets - Commodities - Americas

NY coffee may rise to $1.2510 SINGAPORE: New York March coffee may rise to $1.2510 per lb, as it has broken resistance at $1.2135.Resistance was provided by the 23.6 percent Fibonacci retracement on the fall from the Oct. 14 high of $1.4090 to the Nov. 13 low of $1.1530.The next resistance will be at $1.2510, the 38.2 percent level. A small double-bottom forming around $1.1530 suggests a target similar to $1.2510.A break below $1.2135, now a support, could cause a loss towards the 14.6 percent level at $1.1905.Copyright Reuters, 2015

Markets - Commodities - Americas

NY cocoa signals mixed SINGAPORE: Signals are mixed for New York March cocoa, as it has approached the Nov. 17 high of $3,395 per tonne. A bearish reversal was believed to have formed at this high, which was further indicated by the drop on Nov. 18. The recovery of the price from this day's low of $3,335 has complicated the picture.Signals will become clearer should cocoa be able to climb above a resistance at $3,401, the 150 percent Fibonacci ...

Markets - Commodities - Europe

Tunisia buys 125,000 T soft wheat, 92,000 T durum, 50,000 T barley-trade PARIS: Tunisia's state grains agency purchased 125,000 tonnes of soft wheat, 92,000 tonnes of durum and 50,000 tonnes of feed barley in an international tender on Thursday, European traders said. It paid between $203.64 and $204.95 a tonne, including cost and freight, for the soft wheat, and between $296.97 and $299.50 a tonne c&f for the durum. For the barley, it paid $189.37 and $192.24 a tonne c&f, traders said. The origin of the grain ...

Markets - Commodities - Europe

Indian sugar exports unlikely to trigger Brazilian discounts LONDON: An expected influx of Indian sugar exports to the global market is unlikely to spur rival exporters in Brazil to increase discounts because Indian tonnages are likely to be moderate, European trade sources said on Thursday. They said that shipments of Indian raw or low=quality white sugar for export were likely to represent only a small fraction of Brazilian raw sugar tonnages. "I don't think the Brazilians will discount further -- some 2 million ...

Markets - Commodities - Europe

Gold bounces from multi-year low as weak dollar sparks rebound LONDON: Gold rose 1 percent on Thursday, rebounding from near six-year lows as indications from the Federal Reserve that it may move cautiously into the rate hiking cycle weighed on the dollar and prompted investors to cover short positions. Fed officials on Wednesday continued to flag December as a likely time for US interest rates to rise after seven years near zero, but the central bank signalled an intention proceed slowly and steadily after that. ...

Markets - Commodities - Americas

Export strength boosts US wheat, corn and soybeans CHICAGO: US wheat, corn and soybean futures firmed on Thursday on support from better-than-expected export sales reports for all three commodities, traders said. The gains in soybeans were limited by a huge global supply base following bumper harvests across the US Midwest as well as improving crop weather in South America. Wheat's strength also stemmed from a round of short-covering following the front-month soft red winter wheat contract's decline to its lowest in nearly a ...

Markets - Commodities - Americas

Colombia 2015/16 coffee crop seen at 13.4mn bags NEW YORK: A US attache has revised up an estimate for coffee production in Colombia, the world's biggest grower of washed arabica beans, to 13.4 million 60-kg bags in 2015/16, up from a previous estimate of 12.7 million bags, in a report seen on Thursday. This is up from the attache's estimate of 13.3 million bags in 2014/15, also revised up from a forecast of 12.5 million bags. "Colombia coffee production is hitting record levels ...