07272016Wed
Last update: Wed, 27 Jul 2016 12am

Americas

Markets - Commodities - Americas

Raw sugar rises after US data; arabica at 4-week low NEW YORK/LONDON: Raw sugar futures rallied on Monday after US data showed speculators trimmed their bullish position for the fourth straight week and as traders focused on a looming production deficit, while arabica coffee fell to a four-week low.London cocoa prices extended losses on pressure from the firm pound, briefly touching a three-week low while the New York market held just above the prior session's 3-1/2-month low, as global demand concerns remained.Bucking the weak session in larger commodity markets , October raw sugar settled up 0.3 cent, or 1.5 percent, at 19.89 cents per lb.Raw sugar futures were underpinned by a softer dollar and Friday's Commitments of Traders data showing that speculators took their net long position further away from last month's record high, but only slightly."The position is still large and represents almost 30 percent of overall open interest," said Nick Penney, a senior trader at Sucden Financial Sugar.Sugar ...

Markets - Commodities - Americas

CBOT soybeans fall to 3-month low on fund sales, weather CHICAGO: Chicago Board of Trade soybean futures fell more than 2 percent to their lowest levels since April on Monday, pressured by favorable extended forecasts for the developing crop in the United States, traders said.Liquidation from investment funds, which still had a net long stake in soybeans, further weighed on prices.August is seen as the most critical month for determining soybean yields for the US crop and extended weather outlooks reaching into August indicated at ...

Markets - Commodities - Americas

Gold pares losses as stocks turn lower ahead of Fed, BoJ meetings NEW YORK/LONDON: Gold pared losses on Monday as the dollar and world stock markets turned lower ahead of central bank meetings in the United States and Japan.The world's major economies pledged at a G20 meeting over the weekend, dominated by Britain's vote last month to leave the European Union, to use all policy tools available to boost growth. That lifted both shares and the dollar earlier in the session.Spot gold was down 0.2 percent at ...

Markets - Commodities - Americas

CBOT wheat ends up on short-covering after choppy session CHICAGO: Chicago Board of Trade wheat ended higher on Monday, boosted by short-covering that was linked to concerns about reduced yields in the top exporting region of the European Union, traders said.A choppy session saw US wheat futures trading sharply higher before reversing lower and then turning higher again before the close.Investors were exiting their short bets on technical indications that wheat may have bottomed out after falling to the lowest levels in about a ...

Markets - Commodities - Americas

CBOT corn ends flat on technicals, short-covering  CHICAGO: Chicago Board of Trade corn futures ended roughly unchanged on Monday as pressure from ample global grain supplies and favorable US weather was offset by technical support, traders said.Corn rebounded from Friday's 21-month lows but there was little new buying amid overall favorable US growing conditions and expectations for a big harvest in the United States.Analysts polled by Reuters expected the US Department of Agriculture later on Monday to slightly lower US corn crop ...

Markets - Commodities - Americas

Soybeans extend losses on fund selling, favorable weather CHICAGO: US soybean futures fell sharply on Monday, extending the steep declines of last week on pressure from investment fund selling and favorable extended weather outlooks for the developing crop, traders and analysts said. Wheat futures were slightly higher at the Chicago Board of Trade, lifted by crop concerns in Europe, while corn prices were roughly unchanged. "Soybeans led the way lower this morning, with minimal weather threats seen through Aug. 8," INTL FCStone analyst ...

Markets - Commodities - Americas

NY coffee to test resistance at $1.4370 SINGAPORE: New York Sept. coffee is expected to test a resistance at $1.4370 per lb, as it has found a support at $1.4040.The support is provided by the 38.2 percent Fibonacci retracement on the uptrend from the March 1 low of $1.1715 to the July 15 high of $1.5480. It has caused a bounce, towards $1.4370, the 23.6 percent Fibonacci retracement on the downtrend from $1.5480 to the July 22 low of $1.4035.A break above ...