07022016Sat
Last update: Sat, 02 Jul 2016 05am

Americas

Markets - Commodities - Americas

CBOT corn may fall into $4.02-1/2 to $4.10-3/4 range SINGAPORE: CBOT July corn may fall into a range of $4.02-1/2 to $4.10-3/4 per bushel, as suggested by a triple-top.The consolidation within the range of $4.24-$4.37 finally turned out to be a triple-top, which has been confirmed, as its neckline at $4.20 was broken. It suggests a target at $4.02-1/2, the 61.8 percent Fibonacci projection level of an upward wave C, which is third wave of a three-wave cycle from the April 1 low of $3.51-1/4.A more realistic target could be $4.10-3/4, the 76.4 percent level. A surge above $4.20 could be extended to $4.24. The triple-top will then be violated and the target range aborted.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

CBOT wheat biased to fall to $4.64 SINGAPORE: CBOT July wheat is biased to fall below a neutral range of $4.71-$4.81 per bushel, and then extend its loss to $4.64.For a chart: (http://tmsnrt.rs/28K5XKd)The range is formed by the 76.4 percent and the 61.8 percent Fibonacci retracements on the rise from the May 9 low of $4.54-3/4 to the June 8 high of $5.24.Wave pattern suggests the downtrend from $5.24 has not completed, with the final wave labelled 5 unfolding towards the 86.4 ...

Markets - Commodities - Americas

NY sugar may revisit June 20 low of 19.47 cents SINGAPORE: New York July sugar may revisit its June 20 low of 19.47 cents per lb, as suggested by its wave pattern and a Fibonacci projection analysis.For a chart: http://tmsnrt.rs/28LzNSIThe drop from the June 16 high of 20.15 cents consists of three waves, with the current wave labeled c progressing towards 19.25 cents, its 100 percent Fibonacci projection level.Immediate support will be at 19.58 cents, the 61.8 percent level, a break below which could cause ...

Markets - Commodities - Americas

London cocoa falls on stronger sterling, sugar falls NEW YORK/LONDON: London cocoa futures fell on Monday, despite tightening supplies linked to declining production in top grower Ivory Coast as sterling surged against the dollar, while the firm British currency lifted bean prices in New York.Raw sugar futures fell with drier conditions in Brazil set to improve the cane crush in the world's top producer, while arabica coffee also eased.London September cocoa settled down 21 pounds, or 0.9 percent, at 2,247 pounds per tonne, ...

Markets - Commodities - Americas

Gold slips more than 1pc as Brexit campaign loses momentum NEW YORK/LONDON: Gold fell on Monday after polls showed the campaign for Britain to remain in the European Union regaining some momentum, sharpening appetite for assets seen as higher risk and sparking a sharp rally in stocks.Speculation that British voters could opt to leave the trading bloc in a referendum on Thursday helped push gold to its highest in nearly two years last week, and to three-year peaks in euro and sterling terms.However, three opinion ...

Markets - Commodities - Americas

CBOT corn falls nearly 4 percent on forecasts for US rains CHICAGO: Spot corn futures on the Chicago Board of Trade fell about 3.8 percent on Monday, the largest one-day drop since March, as forecasts for beneficial rains in the US Midwest triggered fund long liquidation, traders said.CBOT July corn settled down 16-1/2 cents at $4.21-1/4 per bushel.Ahead of the US Department of Agriculture's weekly crop progress report due later on Monday, analysts surveyed by Reuters on average expected the government to rate 73 percent of ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 3-4 cents, corn down 8-9, soy down 10-15 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday. NOTE: Friday is the last trading day for CBOT July options. WHEAT - Down 3 to 4 cents per bushel Lower on spillover weakness from corn and soy, along with the expanding US winter wheat harvest.Market underpinned by a drop in the US dollar index. The ...