09272016Tue
Last update: Tue, 27 Sep 2016 03pm

Americas

Markets - Commodities - Americas

Brazil winds down harvest of quality coffee, eyes on new crop SAO PAULO: Brazil's 2016-2017 coffee crop, now in the final days of harvest, is estimated at a bumper 54.9 million bags, according to a poll of industry insiders, who added that dry weather has yielded better quality beans than last year.The survey of 11 forecasts from traders, exporters and analysts ranging from 47.8 million to 60 million bags comes a day before Brazil's official crop supply agency Conab is due to release its revised number early on Wednesday.As the last of the late-maturing beans arrive in warehouses, most experts polled said the next crop (2017-2018) that is just beginning to flower will be smaller due to the biennial cycle of the coffee trees that produce smaller crops after big ones.But some traders said the good rains that started over the coffee belt in recent days could end up triggering another big crop next year if they continue."It's too early to ...

Markets - Commodities - Americas

ICE Canada canola climbs to near 4-week high WINNIPEG: ICE Canada canola futures climbed on Tuesday to a nearly four-week high, pulled up by a larger advance by vegetable oil rival soyoil. Strength in the soyoil market spurred canola buying by crushers, who process canola into vegetable oil, a trader said. Canola gained despite Statistics Canada estimating Canadian canola production at 18.3 million tonnes, well above the Aug. 23 estimate of 17 million. The new report incorporated satellite and other data, not a ...

Markets - Commodities - Americas

CBOT corn closes firm for third straight day CHICAGO: Chicago Board of Trade corn futures rose on Tuesday on the back of a rally in the soybean market, traders said.Some concerns about rainy weather slowing down the harvest of the crop in the US Midwest lent additional support to the corn market.Corn futures, which hit their highest since Sept. 12, have risen three days in a row.CBOT December corn futures broke through their 50-day moving average, prompting some additional technical buying. Copyright Reuters, ...

Markets - Commodities - Americas

CBOT soybeans extend rally as export demand heats up CHICAGO: Chicago Board of Trade soybean futures rallied for the fourth day in a row on Tuesday, rising 1.7 percent on strong export demand.Some concerns about rainy weather in parts of the US Midwest delaying harvest and tightening supplies available for crushers and exporters until fields dry out also lent support.The most-actively traded CBOT soybean contract hit its highest since August 25.Concerns about tight supplies boosted soymeal futures, which followed strength in the cash market.Soyoil ...

Markets - Commodities - Americas

CBOT Trends-Wheat up 2-3 cents, corn up 1-2, soybeans up 6-7 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Tuesday. NOTE: The US Federal Reserve's two-day Federal Open Market Committee meeting begins on Tuesday and concludes with an interest rate decision on Wednesday. Friday is the last trading day for CBOT October options. WHEAT - Up 2 to 3 cents per bushel Higher in rangebound ...

Markets - Commodities - Americas

Soybeans rally on harvest delays; corn, wheat firm CHICAGO: Chicago Board of Trade soybean futures rose 1.7 percent on Tuesday, hitting a nearly one-month high on strong export demand and as rains delayed harvest in key production areas of the US Midwest, traders said. The delays also supported corn futures while wheat rose on technical buying and short-covering. Both corn and wheat were on track for their third straight day of gains. Soybeans rose for the fourth session in a row, led by ...

Markets - Commodities - Americas

CBOT wheat ends mixed, spot December firm on technical buying CHICAGO: Wheat futures on the Chicago Board of Trade closed narrowly mixed on Monday, with the spot December contract ending higher on technical buying and spillover strength from soy and corn, traders said.CBOT December wheat settled up 3/4 cent at $4.04 per bushel.K.C. December hard red winter wheat and MGEX December spring wheat both closed fractionally lower.Ahead of the US Department of Agriculture's weekly crop progress report, analysts surveyed by Reuters expected the government to ...