01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Americas

Markets - Commodities - Americas

Soy sets 6-month top as Argentina rains raise crop worries CHICAGO: US soybean futures rose more than 2 percent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said.Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar.As of 12:17 a.m. CST (1817 GMT), Chicago Board of Trade March soybeans were up 23-3/4 cents at $10.70 per bushel after reaching $10.75-1/2, the highest for a most-active contract since July 15.CBOT March corn was up 6 cents at $3.64-1/2 a bushel and March wheat was up 7-1/4 cents at $4.33-1/4 a bushel.Soybeans led the way up following heavy showers over the weekend in Argentina's crop belt."Soybeans are taking nearly all of their support from ongoing rains in Argentina and how they have likely reduced soybean production," Karl Setzer, an analyst with the MaxYield Cooperative in West Bend, Iowa, wrote in a daily note."Analysts in Argentina believe soybean ...

Markets - Commodities - Americas

Brazil center-south produces 127,000 tonnes of sugar late in Dec SAO PAULO: Brazil's center-south region produced only 127,000 tonnes of sugar in the second half of December, compared to 379,000 in the previous two-week period, as mills operations are basically over for the 2016/17 crop. Mills in the main cane belt in Brazil crushed 3 million tonnes of cane late in December versus 7.22 million tonnes in the first half of the month, cane industry group Unica said in a report on Friday. Copyright Reuters, ...

Markets - Commodities - Americas

European feeds-Soymeal ease ahead of USDA reports ROTTERDAM: Soymeal on the European meals and feeds market eased on Thursday ahead of fresh USDA supply/demand and quarterly stocks reports, which were issued too late in the European afternoon on Thursday for players to react to."Asking prices for soymeal were mostly fixed on the Chicago futures close the day before. That one was easier because of position squaring ahead of the USDA reports," one broker said.South American soymeal was mostly offered between flat and ...

Markets - Commodities - Americas

Dry weather speeds up soybean harvest in Brazil CAMPO VERDE: Long queues of trucks loaded with soybeans have been forming in front of elevators in the heart of Brazil's grain belt this week, a sure sign the harvest is speeding up and will soon pour an expected record volume of the oilseed into the market. Brazil, the world's largest soybean exporter, started harvesting its 2016/17 crop around Christmas, earlier than in previous seasons. Planting started in late September, earlier than usual, on the ...

Markets - Commodities - Americas

CBOT Trends-Wheat steady-down 1, corn down 1-3, soybeans steady-up 1 CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Thursday. Thursday is the fourth day of the five-day period in which commodity index funds are expected to rebalance their portfolios for 2017. WHEAT - Steady to down 1 cent per bushel Choppy as traders await USDA's reports, including US winter wheat plantings. Pressure noted ...

Markets - Commodities - Americas

US Cash Soymeal-Rail offers ease on heavy supply, weak demand CHICAGO: Spot basis offers eased at US rail markets on Wednesday and were mostly steady at truck and export points as heavy supplies and limited demand continued to anchor prices for the animal feed, dealers said.Some livestock and poultry producers were utilizing cheaper feeds such as distillers' grain, a byproduct of corn-based ethanol. China increased punitive tariffs on imports of US DDGs, likely further slowing shipments to China and leaving more supplies for users in ...

Markets - Commodities - Americas

Brazil coffee industry sees flat 2017 exports SAO PAULO: Coffee exporters in Brazil, the world's largest producer, see shipments in 2017 around the same 30 million bags shipped in 2016 despite talk of a weaker off-cycle 2017/18 crop.Brazil coffee exporters' association, Cecafe, said in a Wednesday briefing that it is still not clear if production will fall much due to the usual drop in yields during the biannual production cycle. "I am not sure if the off-cycle is going to be so ...