09262016Mon
Last update: Mon, 26 Sep 2016 10am

Americas

Markets - Commodities - Americas

US corn, soybean condition ratings seen unchanged in week CHICAGO: The US Department of Agriculture will likely show no change in weekly condition ratings for corn and soybeans, according to a Reuters poll of eight analysts on Monday.The USDA in its weekly crop progress and conditions report due at 3 p.m. CDT (2000 GMT) is expected to show corn ratings at 74 percent good to excellent and soybean ratings at 73 percent good to excellent, unchanged from a week earlier, according to the average of analyst estimates.Analysts on average expected the USDA to report the US corn crop as 11 percent harvested, up from 5 percent last week. Estimates ranged from 9 to 14 percent.Analysts also expected the USDA's first estimate of the US 2016 soybean harvest to show progress at 4 percent complete, with estimates ranging from 2 to 7 percent.Planting of the 2017 US winter wheat crop was estimated at 15 percent complete, up from 6 percent ...

Markets - Commodities - Americas

US Cash Grains-Soy basis weakens on early harvest; corn mixed CHICAGO: Soybean spot basis bids were steady to sharply lower at US Midwest processors and river terminals on Monday as farmers delivered fresh supplies in the early phases of the autumn harvest, dealers said.Some growers were taking advantage of a one-week high in Chicago Board of Trade soybean futures to sell beans straight out of the fields. Soy basis bids also were likely to extend losses as harvest activity advances in the coming weeks.Soybean bids ...

Markets - Commodities - Americas

CBOT wheat may rise to $4.00-1/2 SINGAPORE: CBOT December wheat may rise to $4.00-1/2 per bushel, as it may temporarily end its drop around a support at $3.96-1/2.The support is provided by the 7 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle from the Aug. 31 low of $3.86-3/4. Strengthening the support is a similar one established by a trendline rising from $3.86-3/4.The wave c seems to be incomplete, as it is capable ...

Markets - Commodities - Americas

Gold slumps to two-week low ahead of Fed meeting next week NEW YORK/LONDON: Gold slid on Thursday to a two-week low after a mixed bag of US economic data prompted selling ahead of next week's US Federal Reserve policy meeting.Spot gold fell as much as 1 percent to $1,309.25 an ounce and was down 0.6 percent at $1,314.47 by 5:05 p.m. EDT (2105 GMT).US economic reports showed retail sales fell more than expected last month, while the number of Americans filing for unemployment benefits rose less ...

Markets - Commodities - Americas

Soy up on rebound after 3-day slide, fresh export demand CHICAGO: US soybean futures rose on Thursday, snapping a three-day slide on bargain buying and signs of fresh export demand, traders said.But corn and wheat futures fell, pressured by prospects for huge grain supplies as the US autumn harvest got under way.At the Chicago Board of Trade, November soybeans settled up 7-3/4 cents at $9.50-1/2 per bushel. December corn ended down 1-3/4 cents at $3.30 a bushel and December wheat fell 3-1/2 cents at $3.99-1/2 ...

Markets - Commodities - Americas

US Cash Soymeal-Offers mixed as soy harvest awaited CHICAGO: US spot cash basis offers for soymeal were steady to mixed in the Midwest on Thursday, underpinned in most areas by tight supplies as crushers waited for the soybean harvest to expand, dealers said.New-crop soybeans were starting to trickle into processing plants in parts of Indiana and elsewhere, they said, but the harvest is in the earliest stages and is still a few weeks away in the heart of the Midwest.Soymeal offers were unquoted ...

Markets - Commodities - Americas

CBOT soybeans end higher on bargain buying, export demand CHICAGO: Chicago Board of Trade soybean futures rose on Thursday on fresh export demand and bargain-buying after a three-day slide in the benchmark November contract, traders said.Rally capped by the approaching harvest of a record-large US soybean crop.CBOT November soybeans settled up 7-3/4 cents at $9.50-1/2 per bushel.The US Department of Agriculture reported export sales of US soybeans in the week to Sept. 8 at 1,018,600 tonnes for 2016-17, in line with trade expectations for ...