09252016Sun
Last update: Sun, 25 Sep 2016 10am

Markets - Commodities

Markets - Commodities - Middle East & Africa

Egypt's GASC confirms cancels wheat tender due to lack of offers ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) confirmed on Monday it had cancelled its third consecutive tender since the country reinstated a controversial ergot fungus policy. The tender was cancelled as GASC did not receive any offers, it said. Copyright Reuters, 2016

Markets - Commodities - Americas

CBOT Trends-Wheat up 1-3 cents, corn up 1-2, soybeans up 8-11 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday. WHEAT - Up 1 to 3 cents per bushel Higher on short-covering and spillover strength from corn and soybeans. Ample global wheat supplies keep prices anchored. Egypt's state grain buyer, the General Authority for Supply Commodities, canceled an international wheat tender it had announced on ...

Markets - Commodities - Middle East & Africa

Battered by war, Syria's wheat crop halved this year to new low ABU DHABI/BEIRUT: Syria's wheat harvest nearly halved to 1.3 million tonnes this year, the lowest in 27 years, as fighting and poor rainfall further degraded the farming sector and the nation's ability to feed itself. The government of President Bashar al-Assad was forced to tender this summer for an unprecedented 1.35 million tonnes of imported wheat from political ally Russia to ensure supply of the flat loaves that are a staple for the Syrian people. ...

Markets - Commodities - Europe

Raw sugar sets four-year peak, arabica coffee also climbs LONDON: Raw sugar futures rose to their highest level in more than four years on Monday, boosted by fund buying against a backdrop of tightening global supplies. March raw sugar was up 0.35 cents or 1.6 percent at 22.82 cents per lb by 1427 GMT after rising to a peak of 22.95 cents, the highest for the second month since August 2012. Dealers said the net long position held by speculators may now be above ...

Markets - Commodities - Americas

US corn, soybean condition ratings seen unchanged in week CHICAGO: The US Department of Agriculture will likely show no change in weekly condition ratings for corn and soybeans, according to a Reuters poll of eight analysts on Monday.The USDA in its weekly crop progress and conditions report due at 3 p.m. CDT (2000 GMT) is expected to show corn ratings at 74 percent good to excellent and soybean ratings at 73 percent good to excellent, unchanged from a week earlier, according to the average ...

Markets - Commodities - Americas

US Cash Grains-Soy basis weakens on early harvest; corn mixed CHICAGO: Soybean spot basis bids were steady to sharply lower at US Midwest processors and river terminals on Monday as farmers delivered fresh supplies in the early phases of the autumn harvest, dealers said.Some growers were taking advantage of a one-week high in Chicago Board of Trade soybean futures to sell beans straight out of the fields. Soy basis bids also were likely to extend losses as harvest activity advances in the coming weeks.Soybean bids ...

Markets - Commodities - Europe

EU wheat up in technical bounce, CME holds premium over Euronext PARIS: European wheat futures rose on Monday in light trading, supported by adjustments between the rival Euronext and CME contracts and early gains by US futures. The market shrugged off a third successive tender cancellation by Egypt, as the world's biggest wheat importer remained locked in a standoff with traders over its strict ban on grain fungus ergot.Benchmark December milling wheat on the Paris-based Euronext was up 1.75 euros, or 1.1 percent, at 160.75 euros ...