12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Americas

Markets - Commodities - Americas

ICE cotton falls on soft demand despite dollar plunge NEW YORK: Cotton futures fell on Tuesday as higher prices compared to recent months limited physical demand, outweighing the supportive impact of a sharp turn lower in the US dollar. The most active July cotton contract fell 0.44 cent, or 0.7 percent, to settle at 65.02 cents a lb. Front-month May cotton also fell 0.44 cent, or 0.7 percent, to settle at 64.69 cents a lb. The losses came after second-month prices rose to more than 6-month highs in the prior week, discouraging mill buying. Prices are still too high to stimulate a significant amount of demand, said Louis Rose, an independent cotton trader and consultant at Risk Analytics in Memphis, Tennessee. "Sales have slowed down, certainly," Rose said, adding that prices would likely need to fall to 63.50 cents to 64 cents a lb before finding widespread demand."I don't think there's a lot of physical support for the market ...

Markets - Commodities - Americas

CBOT soy rises 1pc on bargain buying after multi-month lows CHICAGO: Soybean futures on the Chicago Board of Trade rose more than 1 percent Tuesday on bargain-buying after last week's drop to multi-month lows, traders said.Additional support from gains this week in Dalian soy futures and talk of renewed soybean demand from Chinese crushers.Gains limited by rising global soy supplies and forecasts for record-large US plantings this spring.CBOT soymeal led the gains on a percentage basis after spot futures approached $300 per ton for the ...

Markets - Commodities - Americas

Gold slips on firm dollar, US rate hike prospects NEW YORK/LONDON: Gold dropped for a fourth session in five on Monday, as the dollar firmed after fresh comments from Federal Reserve officials that the central bank could look at raising US interest rates soon. Fed official Jeffrey Lacker on Friday repeated his call for the US central bank to consider raising rates in June and said there is no shame in adjusting them lower again if economic data demands it. Separately, San Francisco Fed ...

Markets - Commodities - Americas

CBOT soybeans fall with overseas buyers focused on South America CHICAGO: US soybean futures fell for the third day in a row on Monday on weak export demand for US supplies, traders said.It was the front-month Chicago Board of Trade soybean futures contract's sixth decline in seven sessions.Overseas soybean buyers were focused on cheaper supplies from Argentina and Brazil, where farmers were in the midst of a bountiful harvest of the oilseed.The US Department of Agriculture said on Monday that export inspections of soybeans were ...

Markets - Commodities - Americas

Brazil's sugar output to rise 5pc; ethanol up 1.9pc SAO PAULO/BRASILIA: Brazil's 2015/2016 cane crop, which began crushing this month, is due to churn out 37.35 million tonnes of sugar, up 5 percent from a year earlier, with most of the growth coming from the main center-south harvest, government crop supply agency Conab said on Monday. The forecast may be among the first to reflect expectations that mills will substantially boost sugar production over ethanol due to the stronger dollar.Sugar futures shrugged off the ...

Markets - Commodities - Americas

US corn prices to sag even as acreage drops CHICAGO: Huge corn stockpiles in the United States will likely continue to weigh on prices in the next few months, even as farmers cut plantings in favor of soybeans, as leftover supplies from a record 2014 harvest buffer any production cuts.Farmers are expected to pull back on corn acreage because prices have fallen 29 percent from last year's peak and overseas demand is waning. The US Agriculture Department expects this year's soybean acreage to be ...

Markets - Commodities - Americas

Wheat tumbles on forecasts for US Plains rains CHICAGO: Chicago Board of Trade wheat futures fell more than 4 percent on Monday to the lowest in two weeks as forecasts for timely showers across dry US crop regions eased concern over potential yield losses.Corn followed wheat lower, while soybeans fell on rising global stockpiles.At the CBOT, May wheat settled down 24-1/4 cents at $5.02-1/4 a bushel. May corn fell 6-1/2 cents to $3.70-1/2 a bushel and May soybeans ended down 2-3/4 cents at ...