08302016Tue
Last update: Tue, 30 Aug 2016 03pm

Americas

Markets - Commodities - Americas

Gold falls as risk appetite boosts financial markets NEW YORK/LONDON: Gold prices fell more than 1 percent on Tuesday as news that the Greek government had dropped calls for a write-off of its foreign debt sharpened risk appetite, sparking a rally in stock markets. The metal benefited in earlier trade from gains in other commodities but later came under pressure as interest waned in gold as a haven from risk. "Traders are really in favor of a risk-on appetite not a safety appetite," said Phillip Streible, senior commodities broker for RJO Futures in Chicago. Spot gold was down 0.9 percent at $1,263.80 an ounce by 2:32 p.m. EST (1932 GMT), having earlier touched a low of $1,255.21, a 1.5 percent drop. US gold futures for April delivery settled down 1.3 percent at $1,260.30 an ounce. Stock markets rallied around the world while the US dollar fell, as the news from Greece eased concerns about growing instability in the ...

Markets - Commodities - Americas

CBOT soybeans rise 2.9pt, joining broad commodities rally CHICAGO: Front-month soybean futures on the Chicago Board of Trade rose 2.9 percent on Tuesday, the most in a month, joining a broad commodities rally tied to rebounding crude oil values and a softening dollar, traders said.March soybeans neared psychological resistance at $10 a bushel, reaching $9.99 before paring gains and settling at $9.87.Soymeal followed soybeans higher. Soyoil trailed the gains in soybeans and soymeal, anchored by meal/oil spreading, but still rose for a third ...

Markets - Commodities - Americas

Costa Rica coffee exports fall 8.5pc in January SAN JOSE: Costa Rica coffee exports slid by 8.5 percent in January, the country's national coffee institute ICAFE said on Tuesday.The Central American country shipped 93,144 60-kg bags in January compared to 101,802 bags during the same month last year, ICAFE said. Coffee exports from Costa Rica in the first four months of the 2014/2015 harvesting season totaled 207,990 bags, down 13.3 percent from the year-ago period. Costa Rica is one of the region's smaller ...

Markets - Commodities - Americas

Markets sag under pressure from hefty global supplies CHICAGO: US wheat futures dropped to a four-month low on Monday while corn and soybeans hovered near multi-month lows as large crop inventories kept a lid on prices.Traders focused on hefty grain supplies as crop weather improved in South America, with scattered showers in Brazil easing concerns about drought curtailing soybean yields. Farmers in South America are advancing the soybean harvest, increasing competition for export business, analysts said.In Canada, stockpiles of wheat and canola at ...

Markets - Commodities - Americas

Brazil's soy crop seen lower at 93.2mn tonnes SAO PAULO: Brazil will produce 93.2 million tonnes of soybeans from the 2014/15 crop now being harvested, down from 96.1 million tonnes previously, because of dry weather in key growing areas, a crop tour sponsored by a local newspaper reported on Monday. The Expedicao Safra tour funded by the Curitiba-based Gazeta do Povo newspaper recently sent agronomists and technicians into areas that account for half of Brazil's soybean output.The tour's forecast falls in line with ...

Markets - Commodities - Americas

Raw sugar falls 4.7pc, whites at 6 year low on abundance NEW YORK/LONDON: Raw sugar futures on ICE fell more than 4 percent to nearly 14 cents per lb on Monday, while white sugar sank to a six-year low on plentiful nearby supplies and technical selling. Cocoa futures extended their bearish trend, with the New York market dropping to a one-year low as weak demand and stronger-than-expected port arrivals in top grower Ivory Coast continued to weigh on the market. Coffee was mixed in choppy dealings ...

Markets - Commodities - Americas

CBOT corn ends flat as technical support offset by wheat declines CHICAGO: Chicago Board of Trade corn futures finished roughly unchanged on Monday as technical support was offset by pressure from ample supplies and sharply lower wheat prices.Most-active CBOT March corn earlier surged more than 2 percent, reaching a session high of $3.78-1/2 per bushel before hitting upside resistance at the contract's 100-day moving average. Prices were oversold after five straight sessions of declines, sparking a round of short-covering.However, fresh four-month lows in CBOT March wheat ...