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US cotton jumps more than 4pc SINGAPORE: Benchmark US May cotton futures rallied more than 4 percent to a high of 92.23 cents a pound on Monday after India banned exports. The move also boosted Shanghai futures by more than 1 percent. India has banned cotton exports with immediate effect, the Directorate General of Foreign Trade (DGFT) said on Monday, as the world's second-largest exporter of the fibre moves to conserve supplies for local mills. Copyright Reuters, 2012 ...

US wheat rallies on short covering after weak open  CHICAGO: US wheat futures rose on Friday, with the benchmark Chicago Board of Trade May soft red winter contract gaining 1.2 percent as investors covered short positions amid concerns about crop weather, traders said. * Kansas City Board of Trade hard red winter wheat and MGEX spring wheat also rallied. The front-month KCBT contract hit its highest level in more than three weeks during the session. * For the week, CBOT prices rose 4.7 percent, their biggest ...
CBOT corn ends up on spillover from soaring soy  CHICAGO: Chicago Board of Trade corn futures closed higher on Friday on spillover form soaring soybeans, firm cash corn markets and no deliveries on the March contract. * Informa Economics pegged Argentine 2011/12 corn production at 22.5 million tonnes, above USDA's current outlook for 22.0 million and pegged Brazilian corn production at 61.5 million, above USDA's February outlook for 61.0 million. * China should redefine its grains security policy to fully liberalise the corn trade, the ...
NY cotton closes down for 3rd time, may slip further  NEW YORK: Cotton futures ended lower Friday for the third session in a row in the face of a stronger dollar and investor selling, and analysts said the weak tone should persist into next week. Benchmark May cotton on ICE Futures US fell 1.44 cents or over 1.5 percent to conclude at 88.23 cents per lb, trading from 87.80 to 90.50 cents. For the week, cotton shed 2.13 percent. Volume traded Friday was around 18,100 lots, preliminary ...
Sugar up on Brazil harvest delay, other markets down  NEW YORK/LONDON: Sugar futures rose on Friday as jitters over possible production delays in the world's most important sugar growing area, the center-south region of Brazil, stoked the advance. The other softs markets lost ground as weakness in the commodity sector weighed on the complex. New York's May raw sugar contract on ICE rose 0.21 cent to trade at 25.07 cents per lb at 12:12 p.m. EST (1712 GMT). London May white sugar futures jumped $10.20, ...
Soy rises 10th day, wheat firms on exports  CHICAGO: US soybeans advanced for the 10th session in a row on Friday and hit a five-month high, buoyed by growing export demand and a forecast by a closely watched analytical firm for lower soybean production in Brazil. Surging soymeal futures, which have climbed eight straight sessions, also supported soybeans as larger US soy exports would leave fewer supplies for domestic soybean crushers. Wheat futures were firm, rebounding from two days of declines, in the wake of ...
Gold falls, eyes more weakness after choppy week  NEW YORK/LONDON: Gold fell on Friday, heading for its biggest weekly decline this year, in reaction to a stronger dollar and the metal remained vulnerable to drop further after a tumble earlier in the week shook bullion investor confidence. Losses in crude oil, euro and US equities also weighed on bullion prices, which are on track for a 3.5 percent weekly decline. Further profit-taking is possible as the metal is still 9 percent higher year to ...

 



 
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Annual2013/14
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