09302016Fri
Last update: Fri, 30 Sep 2016 06pm

Markets - Commodities

Markets - Commodities - Asia

South Korea's KFA seeks up to 65,000 tonnes corn for March SEOUL: South Korea's Korea Feed Association (KFA) is seeking between 55,000 and 65,000 tonnes of corn to be sourced from the US, South America and South Africa for March 10 arrival via a tender, South Korean traders said on Friday.The tenders will close at 4:30 p.m (0730 GMT) on Friday, and products should arrive at the port of Incheon, they said. Copyright Reuters, 2015

Markets - Commodities - Americas

Soybeans, corn dip on disappointing exports, better weather WINNIPEG: Soybean and corn futures slipped on Thursday, pressured by disappointing US export sales, forecasts for mostly favorable Midwest weather and technical selling. Chicago Board of Trade wheat rose on better-than-expected export sales. "We had a nice bounce in corn and soybeans, so it's a technical pullback," said Arlan Suderman, senior market analyst at Illinois-based Water Street Advisory. "We go into the (Aug. 12 US Department of Agriculture) report with a lot of people believing ...

Markets - Commodities - Australia

London copper sags on stronger dollar, weak China outlook MELBOURNE: London copper slipped back on Wednesday towards six-year lows as the dollar rose on heightened expectations the US Federal Reserve could raise interest rates in September and amid a bearish backdrop for China demand. Atlanta Federal Reserve President Dennis Lockhart said it would take "significant deterioration" in the US economy for him to not support a rate hike in September, lifting the dollar, and eroding purchasing power for buyers with other currencies. Commodities demand ...

Markets - Commodities - Americas

Gold under pressure after US data, rate rise in focus NEW YORK/LONDON: Gold eased on Wednesday, hovering above the recent 5-1/2 year low on earlier pressure from the dollar as US services sector data revived expectations of a US interest rate rise as early as September. Spot gold was down 0.2 percent at $1,085.35 an ounce by 2:37 p.m. EDT (1837 GMT), while US gold for delivery in December settled down 0.5 percent, at $1,085.60 an ounce. Spot prices had briefly rebounded after earlier US ...

Markets - Commodities - Asia

NY sugar neutral in 10.81-11.22 cents range SINGAPORE: New York October sugar looks neutral in a range of 10.81-11.22 cents per lb, and an escape will point a direction.The range is formed by the 486.4 percent and the 461.8 percent Fibonacci projection levels of a wave 3, the third wave of a five-wave cycle that developed from the June 26, 2014 high of 19.86 cents.A break below 10.81 cents could confirm the continuation of the wave 3 towards 10.35 cents, the 514.6 ...

Markets - Commodities - Asia

NY coffee to approach support at $1.2160 SINGAPORE: New York September coffee is expected to approach a support at $1.2160 per lb again, as it has not completed a correction from the July 31 high of $1.2765.The correction consists of three waves. So far, only two have completed. The third wave labeled c could travel to $1.2161, the 123.6 percent Fibonacci projection level of a bigger wave C, which is the third wave of a three-wave cycle that developed from the June ...

Markets - Commodities - Asia

NY cocoa to drop to $3,126 SINGAPORE: New York September cocoa is expected to drop to $3,126 per tonne, as it has been hovering below support at $3,176 after breaking it. The support was provided by the 61.8 percent Fibonacci retracement on the rise from the June 1 low of $3,046 to the July 15 high of $3,386. The next support will be at $3,126, the 76.4 percent level, a break below which could lead to a loss to the 86.4 ...