02132016Sat
Last update: Sat, 13 Feb 2016 03pm

Americas

Markets - Commodities - Americas

Sugar falls after Brazil cane data; coffee, cocoa join slide NEW YORK/LONDON: Raw sugar futures on ICE extended losses on Thursday after Brazilian cane data showed a higher than expected rate of crushing, while coffee and cocoa prices dropped under pressure from weaker financial and commodity markets.Sugar futures were weighed down by higher-than-expected late season sugar output in Brazil, which will add to available supplies longer term.Late season output from Brazil's main center-south cane belt jumped unexpectedly to 97,000 tonnes in the second half of January, after dropping to 29,000 tonnes in the first half of last month, milling association Unica said.One broker said some cash-strapped Brazilian mills had pressed on with the crush during the traditional inter-crop period, and that the next cane harvest could start early.ICE March raw sugar futures settled down 0.31 cent, or 2.3 percent, at 13.07 cents per lb, remaining well within their two-week range after bouncing up from a four-month low."The smoking gun for ...

Markets - Commodities - Americas

Gold surges to 1-year high on financial uncertainty NEW YORK/LONDON: Gold vaulted more than 5 percent on Thursday to a one-year high, on track for its biggest daily jump in more than seven years as financial uncertainty, a lower dollar and tumbling stock prices around the world prompted investors to seek refuge in bullion.Volume of the most-active U.S. gold futures contract surged to the highest since late-2014 as investors poured into the market. Traders cited fears of financial instability and slumping bank shares ...

Markets - Commodities - Americas

Wheat futures rise from near six-year lows; corn, soybeans flat CHICAGO: Chicago Board of Trade wheat futures firmed on Wednesday, edging higher on a round of bargain buying a day after prices hit their lowest in nearly six years, traders said.Corn and soybean futures were close to unchanged, with a bearish tone remaining firmly in place following the U.S. Agriculture Department's forecast for wilting demand during the 2015/16 crop year.USDA also said on Tuesday global wheat supplies would reach record levels this year due to ...

Markets - Commodities - Americas

US corn, wheat supplies to rise as exports wane: USDA WASHINGTON: US corn and wheat ending stocks will be higher than previously expected at the end of the marketing year due to a drop in already weak demand for U.S. supplies on the export market, the government said on Tuesday.The U.S. Agriculture Department in its monthly supply and demand report also raised its soybean ending stocks outlook due to a slowdown in the pace of crushing at domestic processors.The new domestic supply view for all ...

Markets - Commodities - Americas

Cocoa futures fall back as market remains choppy NEW YORK/LONDON: Cocoa futures on ICE fell on Tuesday, in seesaw dealings as prices consolidated above a recent 10-month low and shrugged off concerns about potential crop losses in West Africa linked to dry Harmattan winds.Raw sugar turned lower and coffee futures eased as top growers Brazil and Vietnam celebrated holidays.May New York cocoa settled down $11, or 0.4 percent, at $2,859 per tonne, after trading as low as $2,797, with March/May spreading boosting volume. ...

Markets - Commodities - Americas

Gold nears 7-1/2-month high as stocks remain volatile NEW YORK/LONDON: Gold turned higher on Tuesday but hovered beneath the previous session's 7-1/2-month high of $1,200 an ounce, buoyed by risk aversion as equities remained volatile and the dollar extended losses.Fears the global economy could tip into recession and worries about banks battered share markets for the third straight day, helping gold gain more than 7 percent since the start of last week as investors sought a safe haven.The US dollar tumbled to a ...

Markets - Commodities - Americas

US soy dips to one-month low on timely Argentina rains CHICAGO: US soybean futures slid to a one-month low on Monday after weekend rains across major exporter Argentina reduced the likelihood that dry weather would curb yields.Losses in other markets, including equities and oil, added pressure to soybean and grain prices, traders said.Argentina was in focus after storms brought moisture to fields during a key time for crop development. The country is the world's top exporter of soyoil and soymeal, and the No. 3 supplier ...