07282016Thu
Last update: Thu, 28 Jul 2016 01pm

Markets - Commodities

Markets - Commodities - Americas

CBOT corn tumbles on strong US crop ratings, milder forecasts CHICAGO: Chicago Board of Trade corn futures fell on Tuesday on historically high US crop condition ratings and forecasts for milder weather in the Midwest to follow scorching heat this week, traders said.Temperatures this week may top 100 degrees Fahrenheit (38 Celsius) in the southwest quarter of the Corn Belt but recent rains may blunt the impact of the heat.Most-active December corn settled down 14-3/4 cents at $3.48-1/2 per bushel after dipping to $3.48-1/4, its lowest since July 7.The US Department of Agriculture late Monday rated 76 percent of the US corn crop as good to excellent. Analysts had expected a slight decline in ratings.The USDA also said the crop was more mature than usual, with 56 percent in the silking stage, ahead of the five-year average of 46 percent. The quick growth pace may limit the crop's vulnerability to weather stress, analysts said.China's National Grain Trade Center said 15,516 ...

Markets - Commodities - Americas

CBOT soybeans dive on US crop ratings, long liquidation CHICAGO: Chicago Board of Trade soybean futures fell about 3 percent on Tuesday as historically strong US crop ratings and forecasts for milder weather next week triggered long liquidation, traders said.The most-active November soybean contract settled down 38-1/2 cents at $10.27-3/4 per bushel.Blazing heat is expected this week in the US Midwest crop belt but rains in recent days have recharged soil moisture in many areas, potentially offsetting the impact of the hot spell.The USDA ...

Markets - Commodities - Americas

CBOT wheat ends lower, following corn and soybeans CHICAGO: Chicago Board of Trade wheat futures closed lower on Tuesday in sympathy with steep declines in corn and soybeans, traders said.Plentiful US and world supplies add pressure. The US Department of Agriculture has projected that global wheat stocks will reach an all-time high by the end of the 2016/17 marketing year.CBOT September wheat settled down 11-1/2 cents at $4.18 a bushel after dipping to $4.16-1/4, its lowest level since July 5.K.C. hard red winter ...

Markets - Commodities - Americas

Gold cuts gains on dollar strength after US data NEW YORK/LONDON: Gold cut some earlier gains on Tuesday, as the dollar hit a four-month high after data showed a surge in US housing starts in June, although weaker equities provided support.US homes surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on Tuesday.The recent rally in global equity prices faltered as investors pondered some disappointing earnings reports and signs that Britain's decision to leave the EU ...

Markets - Commodities - Americas

US Cash Grains-Corn, soybean basis bids steady/firm as future's fall CHICAGO: Corn and soybean spot basis bids at elevators and processors around the US Midwest on Tuesday were steady to firm on minimal farmer sales following the pullback in futures prices for both grains, merchants said.Chicago Board of Trade corn and soybeans stumbled on forecasts for moderating temperatures next week on the heels of a hot spell over the weekend.Prolonged periods of extreme heat and insufficient moisture typically can stress crops and hurt yields in ...

Markets - Commodities - Americas

Corn, soy prices tumble on strong US crop ratings CHICAGO: US corn and soybean futures slid more than 3 percent on Tuesday, pressured by historically high crop ratings and forecasts for moderating temperatures next week, analysts said.Wheat also declined, following the weak trend.At the Chicago Board of Trade, most-active December corn settled down 14-3/4 cents at $3.48-1/2 a bushel. New-crop November soybeans ended down 38-1/2 cents at $10.27-3/4 per bushel after hitting a one-week low at $10.23.September wheat settled down 11-1/2 cents at $4.18 ...

Markets - Commodities - Asia

China steel futures hit July low after weak home price data SHANGHAI: Chinese steel futures fell as much as 7 percent to a near three-week low on Tuesday, as slowing home price rises stoked worries about demand in the world's top consumer of the alloy.Home prices in China slowed in June for a second straight month, adding to fears that a construction-led economic rebound in the economy may be unsustainable.Benchmark October prices for rebar, or reinforcing bar - a steel product used for construction, on the ...