08282016Sun
Last update: Sun, 28 Aug 2016 10am

Americas

Markets - Commodities - Americas

US Cash Grains-Corn bids unchanged; soy steady to mostly higher CHICAGO: Spot basis bids on Friday at elevators and processors around the Midwest were unchanged for corn and steady to generally higher for soybeans, grain merchandisers said.Steady corn bids reflect a rangebound futures market awaiting US harvest estimates from the Pro Farmer newsletter after its four-day annual crop tour.Soybean bids were underpinned by increased demand for product, stirred by dwindling old-crop supplies and robust export demand.Bids for corn at river terminals were steady to down as much as 4 cents per bushel, pressured by expectations for a record-large US harvest.River elevator soybean bids were unchanged.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

Soybeans sag 2pc as US crop impresses tour scouts WINNIPEG: Chicago soybean futures slid for a third consecutive session on Thursday, diving 2 percent to their lowest since mid-August, as a widely watched crop tour reported bumper prospects across the U.S. Midwest.Corn lost ground for a fourth session in a row and wheat was flat, amid expectations for huge global grain supplies.The annual four-day Pro Farmer Midwest Crop Tour observed on Thursday soybean crop prospects in southern Minnesota that were above average, and in ...

Markets - Commodities - Americas

CBOT corn may retest $3.39 resistance SINGAPORE: CBOT Dec. corn may face resistance at $3.39 per bushel yet again, as its bounce from the Aug. 24 low of $3.34-1/2 is not finished.The bounce followed the completion of a small five-wave cycle from the Aug. 19 high of $3.44-1/4. Three waves will make up the bounce, with the third wave, labeled c, unfolding towards $3.39, the 23.6 percent Fibonacci retracement of the uptrend from the Aug. 12 low of $3.22-1/2 to $3.44-1/4.A ...

Markets - Commodities - Americas

CBOT wheat's target at $4.16 aborted SINGAPORE: A bearish target at $4.16 per bushel has been aborted for CBOT Dec. wheat, as it has started a bounce.The target is identified as the 50 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle from the June 8 high of $5.51-1/2. The bounce from the Aug. 24 low of $4.23-1/4 has made the break below the support at $4.29-1/2 look doubtful.This bounce could be just a ...

Markets - Commodities - Americas

NY sugar may retest 19.98 cents SINGAPORE: New York Oct. sugar may retest a support at 19.98 cents per lb, a break below which could cause a loss to the next support at 19.69 cents.These supports are identified respectively as the 38.2 percent and the 50 percent Fibonacci projection levels of a downward wave C, the third wave of a presumed three-wave cycle from the June 30 high of 21.22 cents. This wave is capable of traveling to 19.39 cents.The bounce ...

Markets - Commodities - Americas

Raw sugar falls sharply from 7-week top on heavy sell-stops NEW YORK/LONDON: Raw sugar futures on ICE turned sharply lower after tapping a seven-week high but failed to reach a key resistance level on Wednesday, triggering automatic sell orders and creating a potentially bearish technical formation. Coffee and cocoa futures were also lower, in line with the weak Thomson Reuters CoreCommodity Index that is made up of 19 markets including oil. October raws settled down 0.51 cent, or 2.46 percent, at 20.22 cents per lb, ...

Markets - Commodities - Americas

CBOT wheat may fall further to $4.16 SINGAPORE: CBOT Dec. wheat may fall further to $4.16 per bushel, as it has cleared a support at $4.29-1/2.The support was provided by the 38.2 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle from the June 8 high of $5.51-1/2. The next support will be at $4.16.Strategically, the target will be confirmed when wheat breaks the immediate support at $4.26-1/2, the Aug. 2 low. A sudden surge ...