Americas
Thursday, 23 May 2013 19:41
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WINNIPEG: ICE Canada canola futures fell on Thursday, under pressure from lower crude oil and equity markets, and in a correction after a steady run higher in recent sessions.Steady planting progress in Western Canada also seen pressuring the market.New York crude oil futures, which influence canola because of its use in biofuel, were down nearly 2 percent in a broad commodities selloff as a decline in China's factory activity entrenched concerns about weak demand.July canola dipped $1.60 to $645.70 per tonne on volume of 709 contracts at 8:10 a.m. CDT (1310 GMT). Contract has ended higher in 10 of last 11 sessions.November canola lost $7.00 to $552.40 per tonne on volume of 1,157.July-November spread expected to be a trading feature, with July trading at a large premium due to tight supplies.Chicago Board of Trade July soybeans eased 2 US cents at US$14.92-1/4 per bushel, pressured by increased farmer selling and ...
NEW YORK: Cotton futures edged down on Wednesday to a three-week low, under pressure from spread-related dealings and forecasts of rains in Texas that could ease supply concerns in the top producing state in the United States, dealers said.The most-active July cotton contract on ICE Futures US fell 0.44 cent, or 0.5 percent, to settle at 83.42 cents per pound, down for a third straight session.Prices touched 83.32 cents a lb, the front-month contract's lowest ...
NEW YORK/LONDON: Gold trimmed its losses on Tuesday as the euro regained strength against the dollar, but the metal remained lower on weak chart signs and fears the US Federal Reserve will wind down its economic stimulus program.The precious metal, down in seven of the last eight sessions, has been hit since the start of the year as investors shift into higher-yielding equities on signs that economic growth is picking up, especially in the United ...
CHICAGO: US corn futures dropped 1.5 percent, to their lowest since early April, on Tuesday as investors unwound bull spreads following a record planting pace last week that encouraged farmers to sell some old-crop supplies to ease cash market tightness, traders said.A surge in corn planting progress during the past week eased farmer concerns about needing to hold onto supplies held in storage bins since last fall's harvest. That relieved some pressure that supported old-crop ...
NEW YORK: Corn prices hit multi-week lows on Tuesday, which pulled wheat lower, after record US corn plantings, while oil and metals markets slipped amid worries the Federal Reserve might cut back its stimulus for the American economy.Natural gas futures neared a one-month high, mitigating some of the losses in commodities, after warmer US weather boosted demand for gas-driven air-conditioning.The Thomson Reuters-Jefferies CRB index, a global indicator for commodity prices, fell 0.3 percent, retreating from ...
CHICAGO: US corn futures rose 1.8 percent on Friday, reversing three days of declines on strong cash markets as farmers focused on planting their 2013 crop rather than selling in the cash market, traders and analysts said.Soybeans rose for a second session, with the benchmark July contract reaching a two-month high on tight US supplies and a firm cash market.Wheat fell for a third day in a row on technical selling and crop-friendly rains in ...
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