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Last update: Sat, 01 Oct 2016 08pm

Markets - Commodities

Markets - Commodities - Americas

US Cash Soymeal-Basis weak on harvest pressure; demand light CHICAGO: Soymeal spot basis offers were mostly steady to lower at US truck, rail and export markets on Monday as light demand and seasonal pressure from the autumn soybean harvest weighed on prices, dealers said.The soybean harvest was still in its earliest phases, limiting declines in soymeal bids as crushers still needed to process fresh supplies before discounting offers further. Meal basis offers declined by $3 per ton in the Minnesota truck market, but a dealer there said prices could tumble by $10 or more in the next few weeks.Supplies overall remained seasonally tight, and some crushing plants were idling or running at reduced rates until harvest advances and farmers deliver more beans to processing plants. But buyers also expected lower prices soon, and held off on larger purchases, the dealers said.A processing plant in Cedar Rapids, Iowa, was loading soymeal on Monday but was shutting down soon as rivers ...

Markets - Commodities - Americas

US corn harvest seen 17pc complete, soy harvest 11pc CHICAGO: The US Department of Agriculture will likely show the US corn harvest as 17 percent complete, according to a Reuters poll of 10 analysts on Monday.The USDA in its weekly crop progress and conditions report due at 3 p.m. CDT (2000 GMT) was also expected to show the soybean harvest as 11 percent complete, according to the average of analyst estimates.Soybean harvest estimates ranged from 7 percent to 15 percent and corn harvest estimates ...

Markets - Commodities - Asia

Palm oil rises on cut in India import duty, weaker ringgit KUALA LUMPUR: Malaysian palm oil futures recovered on Monday from a nearly 2 percent fall in the previous session, supported by expectations of more imports from India and on a weaker ringgit.Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange rose 1.5 percent to 2,715 ringgit ($656) a tonne at the midday break.Traded volumes stood at 16,184 lots of 25 tonnes each at noon.It fell 1.8 percent on Friday, weighed down by ...

Markets - Commodities - Asia

Soybeans rise from one-week low, market eyes US weather SINGAPORE: Chicago soybean prices edged up on Monday, recovering from their lowest in more than a week hit earlier in the session on forecasts of dry weather that is expected to help harvesting of a record US crop.Wheat ticked up after closing lower for the last two sessions, while corn lost ground.Chicago Board of Trade's most-active soybean contract had risen 0.3 percent to $9.58-1/4 a bushel by 0351 GMT, having earlier hit its lowest since ...

Markets - Commodities - Asia

Vietnam's Jan-Sept rice exports drop to 3.76mn tonnes HANOI: Vietnam, the world's third-largest rice exporter after India and Thailand, will export an estimated 3.76 million tonnes of the grain between January and September, down 16.4 percent from the same period last year, the agriculture ministry said on Monday.Revenue from the nine-month rice exports, mostly sold to China, Ghana and Indonesia, will reach an estimated $1.69 billion, or 12.5 percent lower from a year ago, the ministry said in a monthly report.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

US Cash Grains-Soy bids tumble as harvest accelerates; river corn firm CHICAGO: Soybean spot basis bids deepened declines at US Midwest processing plants and river terminals on Friday, fueled by the accelerating harvest that boosted supplies, dealers said.Soy bids dropped 10 cents at a processor in Decatur, Indiana, adding to losses of 15 cents earlier this week, while the basis faded 1 to 4 cents at river terminals around the region. Strong export demand for soybeans resulted in smaller declines than those seen at processing plants.Many ...

Markets - Commodities - Asia

Palm oil prices to hit 3,000 rgt/T, four-year high, by Q4 PANAJI: Malaysian crude palm oil prices are expected to jump to 3,000 ringgit ($728.86) a tonne by the October-December quarter, the highest in four years, as an El Nino weather event curbs yields, a leading edible oil analyst, Thomas Mielke, said on Friday. Benchmark palm oil futures have already gained 8 percent this year with dryness linked to El Nino hurting palm fruit bunches in top producers Indonesia and Malaysia. Prices hit a five-month peak ...