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Last update: Mon, 23 Jan 2017 09am

Americas

Markets - Commodities - Americas

CBOT corn jumps on US plantings outlook, technicals CHICAGO: Corn futures on the Chicago Board of Trade climbed for the third straight session on Tuesday, reaching the highest levels in about two weeks on outlooks for reducing US sowings and chart-based buying, traders said.Most-active CBOT May corn rose above its 50-day moving average for the first time in two months in the previous session, triggering technical buying, and the contract was approaching its 200-day moving average for the first time in about 10 months.Wet weather in the Mississippi River Delta and portions of the southern Plains delayed early plantings while farmers in the Midwest crop belt were expected to cut seedings in favor of marginally better returns in soybeans. The US Department of Agriculture will release acreage for each crop in the annual prospective plantings report due in a week.Cash markets for corn were mixed in the United States after the higher prices sparked farmer selling.South Africa will ...

Markets - Commodities - Americas

CBOT wheat ends down 2pc on profit-taking, firming dollar CHICAGO: Wheat futures on the Chicago Board of Trade fell 2 percent on Tuesday, pressured by profit-taking after a four-session rally and an upturn in the dollar, which makes US grains less attractive on the world market, traders said.Wheat also lost ground versus corn on inter-market spreads, with corn buoyed by concerns about a late start to planting in southern US crop areas.Additional pressure stemmed from weekly USDA wheat condition ratings improving in several Plains ...

Markets - Commodities - Americas

Soft gold prices to boost 2015 fabrication NEW YORK: Weak prices for gold will increase the amount of the precious metal that is made into jewelry, coins and other items by more than 4 percent in 2015, while values are expected to struggle to move higher, CPM Group said on Tuesday. The fabrication of gold, which involves manufacturing the yellow metal into semi-finished or final products, is forecast to rise to 96.9 million ounces in 2015, New York-based CPM Group said in ...

Markets - Commodities - Americas

US wheat tumbles 2 percent after rally as rain monitored CHICAGO: US wheat tumbled as much as 2 percent on Tuesday as investors took profits after the previous session's five-week high and extended weather outlooks showed the possibility of crop-friendly rains in the United States and Russia.Soybean futures also were lower at the Chicago Board of Trade, pressured by record South American harvests and disappointing manufacturing data out of top importer China.Corn was narrowly higher, touching a roughly two-week peak, on ideas that analyst outlooks ...

Markets - Commodities - Americas

Soy, corn and wheat rise on weak dollar, short-covering CHICAGO: US soybean, corn and wheat futures climbed 1 percent or more on Monday, extending gains from late last week as the dollar weakened and investors covered short positions.Dry weather in Russia and southern US Plains growing areas also underpinned wheat prices while corn futures climbed above several key moving averages, lending technical support. But prices pared gains as the dollar trimmed losses against a basket of currencies."With the dollar lower again, the main feature ...

Markets - Commodities - Americas

Gold heads for biggest weekly gain in 2 months, silver jumps NEW YORK/LONDON: Gold prices hit two-week highs on Friday and were poised for their biggest weekly jump since mid-January, after the US Federal Reserve's cautious note on interest rates arrested a dollar rally and sparked broad-based buying of commodities. The US currency fell as much as 1.8 percent against a basket of major currencies on Friday, after the Fed downgraded its growth and inflation projections earlier in the week, signalling it is in no rush ...

Markets - Commodities - Americas

Raw sugar rebounds from six-year low as Brazil's currency rises NEW YORK/LONDON: Raw sugar futures turned positive after hitting a six-year low on Friday as top-producer Brazil's real currency rallied against a sagging US dollar and the low prices attracted buying.New York cocoa on ICE Futures US jumped on a sharp downturn in the US dollar, while arabica coffee fell in a pullback from the prior session's gains on a resumption of speculator short selling. May raw sugar gained 0.06 cent, or 0.5 percent, to ...