04302016Sat
Last update: Sat, 30 Apr 2016 12pm

Markets - Commodities

Markets - Commodities - Europe

European feeds-Soymeal down sharply on CBOT technical selling ROTTERDAM: Soymeal on the European meals and feeds market dropped on Monday following Friday's sell-off in CBOT soymeal futures which was triggered by profit taking after recent gains on worries over rains in Argentine growing areas. "The European cash market fixed its prices on Friday's weak close in Chicago. The lower levels failed to attract many buyers because of the current volatility and uncertainty about where the market is heading to," one broker said. South American soymeal was mostly offered between $5 and $11 a tonne lower, tracking Friday's sharply lower CBOT soymeal futures close. Buyers showed little interest and no business was reported. EU rapemeal followed the trend in soymeal and was offered a between two and four euros a tonne down from Friday. A stronger tone in rapeseed futures, tracking a renewed rally in Chicago soybeans on worries that rains in the US soybean belt could delay plantings, ...

Markets - Commodities - Americas

CBOT corn rallies but ends below session highs CHICAGO: Chicago Board of Trade corn futures rose 2 percent on Monday on concerns about rain in the US Midwest slowing farmers who have had a quick start in planting this year's crop, traders said.Short-covering also lent support to Monday's gains following two days of sharp declines to close out last week.Technical resistance was noted near Friday's highs in all corn contracts across the board and prices closed below session highs.Strong export demand contributed to ...

Markets - Commodities - Americas

CBOT wheat edges higher on corn strength CHICAGO: US wheat futures rose on Monday, following a rally in the corn market despite a bearish fundamental picture, traders said.Short-covering by investment funds after big declines on Thursday and Friday added to the gains in wheat.Chicago Board of Trade soft red winter wheat for May delivery broke through its 100-day moving average.K.C. May hard red winter wheat hit resistance at its 30-day moving average and closed up just 1/4 cent.Analysts were expecting a US ...

Markets - Commodities - Americas

Raw sugar jumps near 3-week high, cocoa off multi-month top NEW YORK/LONDON: Raw sugar on ICE rallied 3 percent on Monday, nearing the prior session's three-week high, as prolonged dryness in top grower Brazil raised concern despite expectations the country's cane industry data will show a brisk crush. Cocoa futures were mixed after extending gains to multi-month highs on expectations for lower output in West Africa, while robusta coffee firmed on lower than normal yields as Brazil's robusta harvest begins. The sugar market was supported ...

Markets - Commodities - Middle East & Africa

April Cameroon cocoa prices remain largely steady versus March YAOUNDE: Cocoa prices in Cameroon remained largely steady in April, ranging from 1300 CFA francs ($2.23) in the South-West region to 1600 CFA francs in the Centre.Joachim Landry Nanga Mevoa, the general director of the Cameroon agro-business cooperative (Camagrob), said the crop has not been good so far, partly because farmers have used non-approved pesticides.But Laurent Atangana, a cocoa producer, blamed buyers who purchase beans illegally before the crop has been dried or harvested, depressing ...

Markets - Commodities - Americas

US corn rallies on weather worries; short-covering supports soy, wheat CHICAGO: US corn futures surged 2.6 percent on Monday, supported by concerns that rain around the U.S. Midwest could delay planting, traders said."The wet weather forecasts brought corn out of the hole early this morning," said Greg Grow, director of agribusiness at Archer Financial Services.Soybean and wheat futures also rose, supported by short-covering after both commodities posted sharp losses on Friday.Rains in southern areas of the U.S. Midwest and the Delta this week are expected ...

Markets - Commodities - Europe

Corn, soybeans, wheat extend losses after rally seen as overdone MANILA/PARIS: US corn and soybean futures fell on Monday, extending losses after hitting nine-month highs last week that market participants said may have been overdone amid ample supplies.Wheat was also lower after falling the most in more than three years on Friday as investors cashed in on recent gains."I think the market's upside momentum is over and I'm bearish on grains this week," said Kaname Gokon from the Okato Shoji brokerage in Tokyo, adding that ...