09292016Thu
Last update: Thu, 29 Sep 2016 04am

Americas

Markets - Commodities - Americas

CBOT wheat hits 3-month low in choppy trade; poor export demand CHICAGO: Chicago Board of Trade wheat futures fell on Tuesday for a fifth straight session, setting a three-month low on technical selling and poor export demand for US supplies, traders said.Trade was choppy at the CBOT, with values firming at times on bargain buying and a setback in the dollar, which in theory makes US grain more attractive to those holding other currencies.K.C. hard red winter posted the biggest losses of the three US wheat markets, pressured by forecasts for beneficial moisture in the southern Plains wheat belt next weekend. Contract lows set in March and May.MGEX spring wheat fell, following the weak trend.CBOT wheat losses limited by traders exiting long corn/short wheat spread positions.Underlying support from news that Ukraine's Agriculture Ministry and traders agreed that no more than 1.2 million tonnes of Ukrainian milling wheat would be exported between January 1 and June 30. The ministry worried about a ...

Markets - Commodities - Americas

Gold rises on soft dollar ahead of Fed policy statement NEW YORK/LONDON: Gold rose 1 percent on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a US Federal Reserve policy meeting that may push back expectations for when US interest rates will start to rise. The Fed started its first two-day policy meeting of the year on Tuesday and investors expect it to acknowledge the uncertain global outlook and stick to its promise to be patient on tightening. Spot ...

Markets - Commodities - Americas

LME copper option volatility jumps as prices hit fresh lows NEW YORK: Copper option volatility jumped on Monday with heavy volume in put option trades as low as $5,000 per tonne, as investors scrambled to protect their positions against a deeper rout after prices hit fresh 5-1/2-year lows. The activity came as prices for three-month copper on the London Metal Exchange sank as low as $5,339.50 a tonne, its weakest since July 2009, before paring losses to end the day at $5,580, up 1.27 percent. ...

Markets - Commodities - Americas

US wheat closes near session lows on weather view CHICAGO: US wheat futures sagged 2 percent to their lowest in nearly 11 weeks on Monday, pressured by good forecasts for growth across key growing regions and light export demand, traders said.Showers that will boost soil moisture were forecast for the southern US Plains, the country's main hard red winter wheat growing area.Soft red winter wheat will benefit from protective snow cover that will guard the crop from damage related to freezing conditions in the ...

Markets - Commodities - Americas

CBOT soybeans close firm on soymeal gains CHICAGO: US soybean futures rose on Monday, following a rally in the soymeal market, traders said.Chicago Board of Trade March soymeal closed at a session high while March soybeans ended just 1/4 cent below their daily peak.The soymeal strength stemmed from signs of export demand for US supplies. Traders said that offerings from South America were thin as Argentine processors were keeping their crushing pace light due to poor profit margins.Buying in soymeal accelerated after ...

Markets - Commodities - Americas

NY cocoa at 1-year low, sugar consolidates higher NEW YORK/LONDON: New York cocoa futures fell for the seventh straight day on Monday, dropping to a one-year low on follow-through buying as technical and fundamental indicators became increasingly bearish, while raw sugar jumped. Arabica coffee futures were little changed in choppy dealings as the market corrected up from Friday's six-month low despite forecasts for more rain in the coffee belt in top-producer Brazil. Cocoa extended last week's losses after falling below key moving averages ...

Markets - Commodities - Americas

CBOT corn eases on fund selling, wheat declines CHICAGO: Corn futures on the Chicago Board of Trade fell less than 1 percent on Monday, pressured by light investment fund selling and steep declines in wheat prices, traders said.Wheat fell as much as 2 percent as a weak euro and higher dollar expanded the competitive disadvantage of US grain supplies in global export markets. The dollar eased to start the week but remained near the highest levels in more than a decade against a ...