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ICE cotton at 6-week low in commodities rout, technical selling NEW YORK: ICE cotton futures fell to a six-week low on Monday as a strong dollar pressured commodities, and as an outside reversal on Friday, in which the price settled lower after exceeding Thursday's high, sent bearish chart signals."All commodities seem to be in the skids right now," said Bobby Walton, president of Walcot Trading Company in Memphis, Tennessee, noting that the market's failure to breach resistance at 63.50 cents a lb the prior session prompted some follow-through selling today.March cotton on ICE Futures US settled down 1.23 cent, or 1.96 percent, at 61.60 cents per lb, after falling as low as 61.45 cents a lb, the lowest since Oct. 9.Total futures market volume rose by 12,564 to 33,673 lots. Data showed total open interest fell 1,695 to 173,271 contracts in the previous session.Certificated cotton stocks deliverable as of Nov. 20 totaled 58,949 480-lb bales, down from 59,015 in the ...

CBOT corn up to two-week high on short-covering CHICAGO: Chicago Board of Trade corn futures rose 1 percent on Monday, rebounding from narrow losses on technical buying and investor short-covering, traders said.Traders exited short positions after regulatory data released after the close of trading on Friday showed speculative investors, including hedge funds, had expanded their net short position in corn futures.Gains in prices for the competing grain of wheat also bolstered corn, even as the market remained within its relatively narrow trading range. ...

CBOT wheat rallies on technical buying, short-covering CHICAGO: Wheat futures on the Chicago Board of Trade closed higher on Monday, rallying from early declines on technical buying and short-covering ahead of the US Thanksgiving holiday, traders said.K.C. hard red winter wheat futures closed higher, rebounding from contract lows set in early moves.MGEX spring wheat futures also settled higher.CBOT and K.C. wheat seen as vulnerable to short-covering after Friday's weekly US CFTC Commitments of Traders report showed non-commercial traders expanded their net short ...

Cuban sugar harvest may fall due to El Nino-related weather HAVANA: The first of 50 Cuban sugar mills open this week with prospects of reaching last season's production in doubt due to irregular weather caused by the El Nino phenomenon, sources close to the industry said. Cuba produced 1.9 million tonnes of raw sugar during the last harvest which ended in May, with AZCUBA, the state sugar monopoly, forecasting at the time an 8 percent to 10 percent increase for 2015-16. However, that was before ...

Coffee, cocoa fall with wider commodities selloff, sugar bucks trend LONDON: Coffee and cocoa futures fell on Monday as part of a wider commodities selloff, dented by the rise in the US dollar to seven-month highs, while sugar firmed, underpinned by rain hampering the cane crush in Brazil.The weak tone in softs, with sugar futures having fallen earlier in the session, was part of a broader decline in commodities that has been stoked by worries over faltering demand from China."It seems to be a fall ...

Heavy rains in Ivory Coast may help cocoa crop ABIDJAN: Unseasonably heavy rains last week in most of Ivory Coast's main cocoa growing regions during the dry season will boost chances for a large and healthy main crop, farmers said on Monday, but there were concerns about too little sunshine. The dry season in the world's top cocoa producer stretches from mid-November to March.Farmers will also need to contend with the Harmattan, a dry dusty wind that normally sweeps in from the Sahara from ...

LME's new steel, aluminium contracts attract scant interest LONDON: The London Metal Exchange's new aluminium and steel contracts failed to attract much interest at their launch on Monday, highlighting the struggle they face to gain traction and liquidity. The launch on Monday is a key element of a strategy by the LME's owner, Hong Kong Exchanges and Cleaning (HKEx), to boost profitability at the 138-year-old exchange. The new contracts in steel rebar and aluminium premiums went live nearly three years after HKEx bought ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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WeeklyNovember 23, 2015
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