12042016Sun
Last update: Sun, 04 Dec 2016 02am

Americas

Markets - Commodities - Americas

Raw sugar at 6-year low as Brazil's currency falls further NEW YORK/LONDON: Raw sugar futures on ICE slid to a six-year low on Tuesday and arabica coffee prices drifted back toward a 13-month low as top grower Brazil's weakening currency attracted producer and speculative selling.New York cocoa prices fell for the fifth straight session, while the London market also dropped on the strong U.S. dollar and investor liquidation.Front-month May raw sugar futures settled down 0.25 cent, or 1.9 percent, at 13.02 cents a lb, after falling 2.2 percent to 12.98 cents, the lowest for the spot contract since April 2009."The key reason for sugar price weakness is the weakening real," said Claudiu Covrig, senior agricultural analyst with data provider Platts Kingsman, referring to the Brazilian currency."Also, investment funds are flying away from commodities and into equities."Nick Penney, a senior trader with Sucden Financial Sugar, said the weak real had triggered a stampede by Brazilian millers to hedge their dollar-denominated exports."Weather ...

Markets - Commodities - Americas

US soybeans sag after monthly USDA report CHICAGO: Chicago Board of Trade soybean futures fell on Tuesday after the U.S. Department of Agriculture surprised analysts by leaving its forecast of U.S. soy ending stocks unchanged in a monthly report.A strong dollar hung over the entire commodities sector, pressuring corn and wheat as well as crude oil and copper.At the CBOT at 12:50 p.m. CDT (1750 GMT), CBOT May soybeans were down 7-3/4 cents at $9.85-1/2 per bushel. May corn was down 2-1/4 ...

Markets - Commodities - Americas

Gold hits 3-month low on dollar rise, US rate expectations NEW YORK/LONDON: Gold fell to a three-month low on Tuesday, pressured by the dollar's rise to its highest in nearly 12 years and renewed expectations of a midyear interest rate increase in the United States.Spot gold dropped to its lowest since Dec. 1 at $1,155.60 an ounce in early trading and was down 0.4 percent at $1,161.55 by 2:09 p.m. EST (1809 GMT), while U.S. gold for April delivery settled down $6.40 an ounce at ...

Markets - Commodities - Americas

US corn, wheat, soybeans lower as dollar soars CHICAGO: Chicago Board of Trade corn, wheat and soybean futures were lower on Tuesday ahead of a monthly US government crop report, pressured by a stronger dollar and ample global supplies, traders said. At the CBOT at 10:32 a.m. CDT (1532 GMT), CBOT May corn was down 4-3/4 cents at $3.84 per bushel. May wheat was down 3 cents at $4.87 a bushel, and May soybeans were down 3-3/4 cents at $9.89-1/2 a bushel.The US ...

Markets - Commodities - Americas

Wheat falls on global supply expectations ahead of USDA report SYDNEY: US wheat futures resumed their downward trend on Tuesday, edging lower after a spike in the previous session, as expectations of ample global supply weighed on prices.Corn fell, giving back nearly some of its gains from the previous session, while soybeans were little changed.Chicago Board of Trade May wheat dipped 0.2 percent to $4.89 a bushel, having closed up 1.6 percent in the previous session as traders covered short positions ahead of the the ...

Markets - Commodities - Americas

Arabica prices fall sharply, sugar hovers above 2010 low NEW YORK/LONDON: Arabica coffee futures on ICE fell 4 percent on Monday, heading down toward a 13-month low on a fresh wave of largely speculative selling as the Brazilian currency continued to weaken.Raw sugar also dropped, nearing the lowest level since 2010, while cocoa futures extended losses in thin trading.Data on Friday showed the recent fall in arabica coffee futures was fueled by speculative selling, as noncommercials turned net short in the week ended March ...

Markets - Commodities - Americas

Gold steadies as dollar pauses but further weakness seen NEW YORK/LONDON: Gold steadied on Monday as the dollar rally paused and European shares fell, but it remained near a three-month low after a U.S. jobs report boosted expectations that the Federal Reserve would raise interest rates soon.Spot gold was up 0.1 percent at $1,166.72 an ounce by 2:30 p.m. EDT (1830 GMT), after marking its biggest daily loss on Friday since Oct. 1, 2013.U.S. gold for April delivery settled up $2.20 an ounce at ...