05292016Sun
Last update: Sun, 29 May 2016 02pm

Americas

Markets - Commodities - Americas

Soybeans ease for 2nd day on US planting progress, fund selling SINGAPORE: Chicago soybean futures lost more ground on Tuesday, falling for four of five sessions as rapidly progressing planting across the US Midwest prompted investors to liquidate some long positions.Corn eased, giving up some of last session's gains, while wheat edged lower although concerns over wet weather in the US Plains kept a floor under the market.Chicago Board of Trade most-active soybean contract dropped 0.8 percent to $10.49-3/4 a bushel by 0831 GMT, having closed 1.5 percent lower on Monday.Corn fell 0.6 percent to $3.95-1/2 a bushel after gaining 0.8 percent in the previous session, and wheat slipped 0.4 percent to $4.60 a bushel."The soybean market is becoming nervous that investors, now holding the largest long position seen in almost two years, will be looking to take profits," said Tobin Gorey, director of agricultural strategy at Commonwealth Bank of Australia."Weather forecasters continue to expect more rain on US hard red ...

Markets - Commodities - Americas

Gold touches 3-1/2-week low on Fed rate expectations NEW YORK/LONDON: Gold dipped to a 3-1/2-week low on Monday as expectations rose that the US Federal Reserve will hike interest rates as early as June, but prices came off their lows as late-day short-covering entered the market.Bullion has been under pressure since the Fed last week released the minutes of its April meeting, which showed officials believe the US economy could be ready for another rate increase next month.Higher interest rates increase the opportunity ...

Markets - Commodities - Americas

US corn plantings seen 88 pct complete in latest week CHICAGO: The US Department of Agriculture's weekly crop progress report is expected to show US corn planting as 88 percent complete and soybean planting 55 percent complete as of May 22, according to the average of estimates from 12 analysts polled by Reuters.Corn planting estimates ranged from 85 to 96 percent and soybean planting estimates ranged from 50 to 64 percent.The corn crop was 75 percent planted by May 15, the USDA said in its ...

Markets - Commodities - Americas

US Cash Soymeal-Offers firm on downtime, slow farmer sales CHICAGO: Soymeal cash basis offers were steady to higher in US truck and export markets on Monday, supported by seasonal downtime at processing plants that left supplies relatively tight, especially in the western half of the US Midwest.A slower pace of farmer sales of soybeans during the past two weeks also kept soymeal stocks tight even as soaring futures prices limited demand to routine purchases.Limited offerings out of Argentina, the world's top soymeal exporter, also ...

Markets - Commodities - Americas

Soy and wheat fall, following broad commodity weakness CHICAGO: US soybean futures fell on Monday on profit-taking as soymeal backed down from contract highs and as the US dollar firmed, steering investors away from commodities, analysts said.Wheat also declined but corn futures rose, bucking the weak trend.At the Chicago Board of Trade as of 11:58 a.m. CST (1658 GMT), July soybeans were down 16-1/4 cents at $10.58 per bushel after dipping to $10.52.CBOT July wheat was down 3-1/4 cents at $4.64-1/2 a bushel ...

Markets - Commodities - Americas

Gold slips, records biggest weekly drop in two months NEW YORK/LONDON: Gold edged lower on Friday for the third straight session and notched its biggest weekly slide in nearly two months on growing expectations for an increase in US interest rates as soon as next month.Spot gold was down 0.2 percent at $1,252.1 an ounce by 2:43 p.m. EDT (1843 GMT), down 1.6 percent this week in its third straight week of losses.US gold futures for June delivery settled down $1.90 at $1,252.90.New York ...

Markets - Commodities - Americas

CBOT soybeans end mixed, nearbys higher as July soymeal soars CHICAGO: Chicago Board of Trade soybean futures closed mixed on Friday, with nearby contracts gaining against back months in a wild session driven by a surge in July soymeal, traders said.CBOT soymeal futures rose in recent weeks on concerns about the size and quality of the soybean crop in Argentina, the world's biggest soymeal exporter, following excessive rains last month. But this week's steep climb in the July meal contract suggested a short squeeze, traders ...