09272016Tue
Last update: Tue, 27 Sep 2016 03am

Markets - Commodities

Markets - Commodities - Americas

CBOT corn ends fractionally higher after seesaw session CHICAGO: Chicago Board of Trade corn futures closed modestly higher on Monday after a seesaw session as technical buying and short-covering offset pressure from the start of the US harvest, traders said.Rains expected in the northwestern Corn Belt this week should limit harvest progress, while other areas will see drier weather.The benchmark CBOT December corn contract settled up 1/4 cent at $3.37-1/4 per bushel after encountering chart-based resistance above its 50-day moving average of $3.38.Ahead of the US Department of Agriculture's weekly crop progress report, analysts surveyed by Reuters expected the government to report the US corn harvest as 11 percent complete, up from 5 percent a week ago.Analysts expected the USDA to leave corn ratings unchanged with 74 percent of the crop good-to-excellent.The USDA reported export inspections of US corn in the latest week at 1,285,034 tonnes, in line with trade expectations for 1.0 million to 1.3 million tonnes.The ...

Markets - Commodities - Americas

CBOT soybeans end higher, led by soyoil CHICAGO: Chicago Board of Trade soybean futures rose on Monday for a third straight session, buoyed by technical buying and strength in soyoil futures, traders said.A firm tone in US crude oil futures and a weaker dollar index lent additional support.The CBOT November soybean contract settled up 6-1/2 cents at $9.72-1/2 per bushel, breaking through chart resistance at its 200-day moving average near $9.70.CBOT December soyoil rose more than 2 percent, buoyed by strength in ...

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 ...