02102016Wed
Last update: Wed, 10 Feb 2016 01am

Americas

Markets - Commodities - Americas

Gold climbs to 3-month high on weak economic data, dollar NEW YORK/LONDON: Gold rose to a three-month high on Monday, extending its recent rally on worries about global economic growth and hopes for easier monetary policy after weak factory data in Asia and Europe.China's official measure of manufacturing in January fell to the lowest since mid-2012, while factory growth across the euro zone slowed."That China data was disappointing, very weak in both manufacturing and non-manufacturing, which coupled with the ongoing turmoil on global markets and uncertainties about growth going forwards have helped gold to get above the $1,115/20 resistance level," said Robin Bhar, head of metals research at Societe Generale in London.Data also showed that U.S. manufacturing activity was unlikely to recover in the near term, while consumer spending was flat in December.Spot gold was up 1 percent at $1,128.40 an ounce at 2:32 p.m. EST (1932 GMT), after rising to $1,128.70, the highest since Nov. 3, just short of ...

Markets - Commodities - Americas

Wheat to one-month high, focus on Russia export policy CHICAGO: Chicago Board of Trade wheat prices climbed to a one-month high Tuesday on chart-based buying and fund short-covering as the market digested news that Russia might limit grain exports, traders said.US corn futures firmed in rangebound trade, while soybeans were lower.At the CBOT as of 12:06 p.m. CST (1806 GMT), March wheat was up 7 cents at $4.88-1/2 per bushel, its highest level since Dec. 21.March corn was up 1-3/4 cents at $3.71-1/2 per ...

Markets - Commodities - Americas

Sugar turns lower; NY cocoa rebounds on firm sterling NEW YORK/LONDON: Sugar futures on ICE turned lower on Tuesday as buyers stepped to the sidelines, but the spot white premium remained firm as traders focused on Chinese demand, while the strengthening British pound helped New York cocoa bounce up. Coffee futures were little changed, with robusta prices pressured by a big carryover into the 2015/16 harvest in top grower Vietnam. March raws settled down 0.08 cent, or 0.6 percent, at 14.02 cents per lb.The ...

Markets - Commodities - Americas

CBOT soybeans close lower; huge supply base weighs CHICAGO: Chicago Board of Trade soybean futures weakened in rangebound trade on Tuesday, with huge supplies and the start of what is expected to be a record harvest in Brazil pressuring the market, traders said.Soybeans closed near session lows, with the March contract falling through its 40-day moving average.Soymeal futures also closed lower. Dealers on the cash market said end-user demand was weak as most livestock and poultry producers have booked orders to meet their ...

Markets - Commodities - Americas

CBOT corn edges lower on technical selling CHICAGO: Corn futures on the Chicago Board of Trade were slightly lower on Tuesday, pressured by light technical selling after prices failed to surpass their one-month high reached in the previous session, traders said.Corn has been locked in a narrow, roughly 5-cent, trade band for about a week, with short covering and better USexport demand helping prop up prices while increased farmer selling and overall ample global supplies limited gains. Most-active CBOT March futures reached ...

Markets - Commodities - Americas

Gold at 12-week high on safe haven buying as Fed meeting begins NEW YORK/LONDON: Gold rose to a 12-week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the US Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase. Spot gold was up 1.3 percent at $1,121.80 an ounce at 2:16 p.m. EST (1916 GMT), the highest since Nov. 4. US gold futures for February delivery settled up 1.3 percent at ...

Markets - Commodities - Americas

CBOT wheat hits one-month high on short-covering CHICAGO: Front-month wheat futures on the Chicago Board of Trade set a one-month high on Tuesday on chart-based buying, short-covering and continued chatter that Russia might curb wheat exports, traders said.Values closed firm but off the day's highs. CBOT March wheat settled up 3-1/4 cents at $4.84-3/4 a bushel after reaching $4.88-1/2, its highest since Dec. 21.K.C. hard red winter wheat and MGEX spring wheat futures also ended the day higher.Commodity funds hold a large ...