06272016Mon
Last update: Mon, 27 Jun 2016 11pm

Americas

Markets - Commodities - Americas

EU wheat prices dragged down by losses in Chicago LONDON: European wheat prices fell on Tuesday, weighed down by a sharp decline in Chicago grain futures, while there was also increasing concern about potential quality problems with this year's French and German crops following heavy rains. "There is worry in the market that the rain almost every day could mean the new crop has lower protein levels than hoped, but there are still no concrete signs of actual damage yet," one German trader said.September milling wheat on Paris-based Euronext, ended 1.75 euros or 1.1 percent lower at 162.50 euros a tonne.Traders also continued to assess the possible impact of torrential rain on French wheat, which has intensified disease pressure on crops and raised the risk of yield losses and lower quality. "There is an impressive list of diseases that could affect crop quality due to the unusual weather we've had, and the lack of a clear improvement in conditions ...

Markets - Commodities - Americas

Corn drops below $4 as US weather outlook improves CHICAGO: US corn futures fell below $4 a bushel on Tuesday for the first time in nearly a month as forecasts for less-threatening weather in the Midwest prompted funds to liquidate long positions, traders said.Soybeans and wheat followed corn's lead. K.C. hard red winter wheat futures hit contract lows.At 11:49 a.m. CDT (1649 GMT) at the Chicago Board of Trade, the July corn contract was down 22 cents at $3.99-1/4 a bushel after falling to ...

Markets - Commodities - Americas

CBOT soybeans neutral in $11.26-1/2 to $11.38 range SINGAPORE: CBOT soybeans November contract looks neutral in a range of $11.26-1/2 to $11.38 per bushel, and an escape will point a direction.For a chart: http://tmsnrt.rs/28K0kvGThe range is formed by the 23.6 percent and the 38.2 percent Fibonacci retracements on the fall from the June 13 high of $11.86-1/4 to the June 16 low of $11.08-1/4.A break below $11.26-1/2 could cause a loss to the 14.6 percent level at $11.19-1/2, while a break above $11.38 ...

Markets - Commodities - Americas

CBOT corn may fall into $4.02-1/2 to $4.10-3/4 range SINGAPORE: CBOT July corn may fall into a range of $4.02-1/2 to $4.10-3/4 per bushel, as suggested by a triple-top.The consolidation within the range of $4.24-$4.37 finally turned out to be a triple-top, which has been confirmed, as its neckline at $4.20 was broken. It suggests a target at $4.02-1/2, the 61.8 percent Fibonacci projection level of an upward wave C, which is third wave of a three-wave cycle from the April 1 low of ...

Markets - Commodities - Americas

CBOT wheat biased to fall to $4.64 SINGAPORE: CBOT July wheat is biased to fall below a neutral range of $4.71-$4.81 per bushel, and then extend its loss to $4.64.For a chart: (http://tmsnrt.rs/28K5XKd)The range is formed by the 76.4 percent and the 61.8 percent Fibonacci retracements on the rise from the May 9 low of $4.54-3/4 to the June 8 high of $5.24.Wave pattern suggests the downtrend from $5.24 has not completed, with the final wave labelled 5 unfolding towards the 86.4 ...

Markets - Commodities - Americas

NY sugar may revisit June 20 low of 19.47 cents SINGAPORE: New York July sugar may revisit its June 20 low of 19.47 cents per lb, as suggested by its wave pattern and a Fibonacci projection analysis.For a chart: http://tmsnrt.rs/28LzNSIThe drop from the June 16 high of 20.15 cents consists of three waves, with the current wave labeled c progressing towards 19.25 cents, its 100 percent Fibonacci projection level.Immediate support will be at 19.58 cents, the 61.8 percent level, a break below which could cause ...

Markets - Commodities - Americas

London cocoa falls on stronger sterling, sugar falls NEW YORK/LONDON: London cocoa futures fell on Monday, despite tightening supplies linked to declining production in top grower Ivory Coast as sterling surged against the dollar, while the firm British currency lifted bean prices in New York.Raw sugar futures fell with drier conditions in Brazil set to improve the cane crush in the world's top producer, while arabica coffee also eased.London September cocoa settled down 21 pounds, or 0.9 percent, at 2,247 pounds per tonne, ...