08292016Mon
Last update: Mon, 29 Aug 2016 01am

Markets - Commodities

Markets - Commodities - Americas

Soybeans climb on persistent export demand; corn, wheat sag CHICAGO: US soybean futures rose on Monday, with the benchmark November contract reaching its highest in a month on strong export demand for US supplies, traders said.Wheat futures fell nearly 3 percent, led by the spot September contract, while corn drifted lower in rangebound trade.At the Chicago Board of Trade, the November soybean contract settled up 11-1/4 cents at $10.15-3/4 per bushel. September wheat ended down 11-3/4 cents at $4.15-1/4 a bushel and December corn fell 1-1/4 cents at $3.42-1/2 a bushel.Soybeans climbed after the US Department of Agriculture said private exporters sold 120,000 tonnes of soybeans to unknown destinations for 2016-17 delivery.The USDA also reported export inspections of US soybeans in the latest week at 961,414 tonnes, above a range of trade expectations of 650,000 to 850,000 tonnes."Export shipments of soybeans remained unseasonably strong over the past week and are expected to tax our export capacity this fall, necessitating ...

Markets - Commodities - Americas

US Cash Crude-Grades mixed in choppy trading NEW YORK: US cash crude differentials were mixed on Monday in choppy trading, as the front month futures contract expired and traders began to square up business in the final days to trade September barrels.The September/October cash roll, which allows traders to roll long positions forward, traded at minus 55 cents a barrel, dealers said.Meanwhile, stocks at Cushing, Oklahoma fell by roughly 187,000 barrels the week to Aug. 19, traders said, citing data from energy ...

Markets - Commodities - Americas

US Cash Grains-Corn, soy bids unchanged on minimal farmer sales  CHICAGO: Corn and soybean spot basis bids at elevators and processors around the Midwest held steady on Monday after soft corn futures and higher soybean contracts limited farmer selling, dealers said.Chicago Board of Trade corn slipped while awaiting findings later on Monday from the annual Pro Farmer Midwest Crop Tour.The US Department of Agriculture's weekly crop condition report on Monday afternoon rated corn condition 75 percent good/excellent versus 74 percent a week ago.Soybean futures finished ...

Markets - Commodities - Middle East & Africa

Ivory Coast rains help main cocoa crop, some farmers fear disease ABIDJAN: Light rains in most of Ivory Coast's main cocoa regions augur well for the crop in the world's biggest producer, farmers said on Monday, but cloudy weather has stoked fears of disease in the south.Farmers need the right mix of rain and sunny spells in July and August to strengthen the development of pods and avoid cocoa rot and disease ahead of the main crop, which runs from October to March. In the western ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 4-8 cents, corn down 2-3, soybeans down 3-5 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday. WHEAT - Down 4 to 8 cents per bushel Lower on technical selling and a lack of fresh supportive news. CBOT September wheat fell to a session low ahead of the break in trade. Strength in the dollar lends pressure. Plentiful world supplies and poor export ...

Markets - Commodities - Europe

EU crop monitor cuts grain maize, soft wheat yield estimates PARIS: The European Union's crop monitoring service significantly cut its forecast on Monday for average maize and soft wheat yields in this year's EU harvest after adverse weather. The MARS service pegged the average EU grain maize yield at 7.23 tonnes per hectare (t/ha) in 2016, down from 7.42 t/ha seen in July, mainly due to dry weather in southeastern Europe. "Exceptionally high maize yields are forecast for Hungary (+29.6 percent above the five-year average) ...

Markets - Commodities - Europe

Russian wheat prices rise for fourth week MOSCOW: Russian wheat export prices rose for a fourth straight week as farmers continued to hold onto their top quality produce, anticipating further price increases after weather-related shortfalls in Europe, analysts said on Monday.Black Sea prices for Russian wheat with 12.5 percent protein content were $170 a tonne on a free-on-board (FOB) basis at the end of last week, up $2 from a week earlier, Russian agricultural consultancy IKAR said.SovEcon quoted FOB wheat prices in ...