02122016Fri
Last update: Fri, 12 Feb 2016 07pm

Americas

Markets - Commodities - Americas

CBOT corn drops 1.6 percent in thin trading  CHICAGO: US corn futures fell 1.6 percent on Wednesday, pressured by weakness in the wheat market, traders said.   * Volumes were light, with only about 74,000 contracts changing hands as the market reopened following a day off for Christmas. Typically, volume tops 300,000 contracts.   * The US Agriculture Department said on Wednesday morning that export inspections of corn were 13.475 million bushels, near the high end of forecasts for 9 million to 14 million bug down from 15 million a week ago.   * Spot basis bids for corn were steady at processors and terminals around the US Midwest on Monday. Dealers said that farmer selling was slow.   Center>Copyright Reuters, 2012 ...

Markets - Commodities - Americas

CBOT wheat drops 2.5pc, nears six-month low  CHICAGO: Chicago Board of Trade wheat futures fell 2.5 percent to their lowest level in nearly six months on Wednesday due to technical selling and poor export demand, traders said.   * Early selling accelerated as the Chicago Board of Trade March soft red winter wheat contract dropped below last week's low of $7.82-1/2 per bushel.   * Kansas City Board of Trade hard red winter wheat futures and MGEX spring wheat also fell, hitting their lowest levels since ...

Markets - Commodities - Americas

Gold up in thin post-Christmas trade ;US budget in focus  NEW YORK: Gold edged higher on Wednesday as thin post-Christmas trading and anticipation that a US budget deal might be done before the end of the year supported bullion prices.   Trading across commodities was light, curtailed by London's Boxing Day holiday and year-end festivities elsewhere. US crude oil outperformed other markets, rising 3 percent to a 6-week high, on technical buying, Middle East tensions and signs of speedier efforts to avert the US fiscal crisis.   In gold ...

Markets - Commodities - Americas

CBOT soybeans fall on long liquidation, South American weather  CHICAGO: Soybean futures on the Chicago Board of Trade fell 1 percent Wednesday on long liquidation and forecasts for favorable crop weather in South America, traders said.   * Technical selling noted as most-active March soybeans turned lower in the early minutes of trade after failing to hold support above its 200-day average at $14.40.   * Spillover weakness from declines in wheat and corn.   * Soymeal and soyoil fell in sympathy with soybeans.   * Market fell despite news that USDA ...

Markets - Commodities - Americas

Cocoa falls again, dropping to five-month low  NEW YORK: US cocoa futures fell for the seventh straight day on Wednesday, hitting a five-month low, as some investors liquidated long positions in thin holiday dealings as the end of the year approached.   Raw sugar and arabica coffee futures trading on ICE Futures US, were supported by gains in other commodities. The Thomson Reuters-Jefferies CRB index, a global benchmark for commodities, was higher as was US crude oil, which approached a 10-week high.   The euro traded ...

Markets - Commodities - Americas

CHICAGO: Soymeal spot basis offers held steady at US rail, truck and export markets on Wednesday as weak demand was offset by processors holding offers firm to prevent a further erosion in crush margins, dealers said.   * Scattered snowfall across the US Midwest helped put a lid on demand as trucks stayed off the roads while some crushing plants reduced loading hours surrounding Tuesday's Christmas holiday.   * Many end users also bought extra loads of the feed ...

Markets - Commodities - Americas

Soybeans sold to China, unknown destinations: USDA WASHINGTON: USDA said on Wednesday that private exporters had reported 115,000 tonnes of soybeans sold to China and a further 108,000 tonnes of soybeans sold to unknown destinations for the 2012-13 marketing year.   The marketing year for soybeans began Sept. 1.   Exporters are required to report to USDA any export sales activity of 100,000 tonnes or more of one commodity, made in one day, or quantities totaling 200,000 tons or more in any reporting period, to one ...