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US corn, soy conditions seen steady with week ago CHICAGO: US corn and soybean conditions are seen steady with the previous week and historically high given mild crop weather across the Midwest last week, analysts said on Monday ahead of the release of the government's weekly crop report.The U.S. Department of Agriculture will issue its weekly crop progress report at 4 p.m. EDT (2000 GMT).Analysts polled by Reuters on average forecast that USDA will rate 74 percent of the corn crop as good to excellent as of Sunday - steady with the previous week - and far above the five-year average near 53 percent good to excellent for the first week in September.For soybeans, analysts expected USDA to rate 72 percent of the crop good to excellent, steady with a week ago and above the typical average near 54 percent good to excellent for this time of year.But another week of rain in the northern Plains was seen as ...

ICE cocoa slides to 4pc weekly loss, arabica coffee drops NEW YORK: ICE cocoa futures skidded on Friday to their worst weekly loss since June 2013 over increasing expectations of a supply surplus, as arabica coffee sank on an improved industry outlook for the 2014/15 crop in top grower Brazil.Raw sugar on ICE Futures US hit a seven-month low on expectations of a large cash delivery against the October contract expiry this month due to excess supplies. The second-month ICE December cocoa contract hit a ...
Canada wheat, canola stocks not as large as expected WINNIPEG: Canada stockpiled millions of tonnes more wheat and canola as of midsummer than it had on hand a year earlier, Statistics Canada reported on Friday, but supplies were smaller than expected. Last year's record-large harvest and bottlenecks in the transportation system moving crops to buyers led to huge piles of crops in commercial and farm storage as of July 31. Statscan pegged all-wheat stocks at 9.8 million tonnes, the most in 20 years and ...
Corn, soy tumble to contract lows on record US yield prospects CHICAGO: US corn and soybean futures fell as much as 3 percent on Wednesday after the government unexpectedly lifted condition ratings for the crops and analysts increased outlooks for what already were expected to be record-large harvests in the United States.Wheat futures also fell, with prices extending early losses after no US supplies were offered in a tender to top global importer Egypt. A rising US dollar was also bearish as international buyers can source ...
US corn, soy seen stable, eye on maturity CHICAGO: Rain and cool temperatures across the U.S. Midwest last week were seen keeping corn and soybean conditions stable and historically high, analysts said on Tuesday ahead of the release of the government's weekly crop report.That counters typical trends for conditions to slip as crops ripen. Analysts will also be keeping a close eye on USDA's crop maturity figures, especially in the northern states, where corn and soybeans were planted late and are behind in ...
Spot gold edges up on dollar drop, heightened tensions NEW YORK: Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in US equities.The dollar softened as traders focused on riskier assets, while speculation the European Central Bank will resort to monetary stimulus also triggered some interest in bullion, traders said.On Wednesday, Ukraine accused Russian forces of launching a new military incursion across its border, a day after the leaders of both ...
US judge dismisses LME from aluminum price-fixing lawsuits NEW YORK: A US judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminum prices, hurting manufacturers and purchasers.In a decision made public on Tuesday, US District Judge Katherine Forrest in Manhattan concluded that the LME was an "organ" of the UK government, and therefore immune from the lawsuit under the Foreign Sovereign Immunities Act.Forrest acknowledged that her decision may ...

 



 
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Annual2013/14
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