12092016Fri
Last update: Fri, 09 Dec 2016 08pm

Americas

Markets - Commodities - Americas

Coffee, sugar at multiweek lows as Brazil currency falls NEW YORK/LONDON: Arabica coffee futures on ICE fell to a six-week trough on Wednesday and raw sugar slid to the lowest since early September as the currency in top grower Brazil fell against the US dollar and funds further scaled back long positions. Cocoa prices were little changed.New York cocoa, arabica coffee and raw sugar markets will be shut on Thursday for the US Thanksgiving holiday but Europe-based white sugar, robusta coffee and London cocoa markets will be open. March arabica coffee settled down 4.15 cents, or 2.6 percent, at $1.577 per lb. The weak Brazilian real often pressures arabica and raw sugar prices as it encourages producer and fund selling. "I think the selling that has come in is a little bit of profit-taking. Specs are just lightening the load," one London dealer said, adding some were looking to lock in positive annual returns and would re-evaluate their strategy ...

Markets - Commodities - Americas

US Cash Soymeal-Barge bids weaken on dull demand; futures tumble CHICAGO: Soymeal basis bids eased by $1 to $2 per ton in the US barge market on Wednesday, pressured by lackluster export demand and cheaper supplies on offer out of Argentina, traders said.Basis offers were mostly unchanged in the US rail and truck markets, in slow trading ahead of Thursday's US Thanksgiving Day holiday. A soy processor in Frankfort, Indiana, rolled its truck offer to Chicago Board of Trade January futures from the December contract.CBOT ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 5-7 cents, corn down 3-4, soy down 7-9 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Wednesday. NOTE: US markets including CBOT grains will be closed on Thursday. Friday is the last trading day for CBOT December options. The US Federal Reserve is scheduled to release the minutes of its Nov. 1-2 policy meeting at 1 p.m. CST (1900 GMT). WHEAT - ...

Markets - Commodities - Americas

US Cash Soymeal-Basis flat on light pre-holiday trade  CHICAGO: Spot basis offers for US soymeal were unchanged on Tuesday in thin trading ahead of Thursday's US Thanksgiving Day holiday, dealers said.Many livestock and poultry producers have bought what they needed for the rest of the year, and the pace of new buying was likely to slow to a near-halt surrounding of the holiday.Chicago Board of Trade soymeal futures climbed to their highest levels in three weeks, further cooling demand. CBOT December soymeal futures ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 2-3 cents, corn and soybeans down 1-2 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Tuesday. NOTE: US markets including CBOT grains will be closed on Thursday. Friday is the last trading day for CBOT December options. WHEAT - Down 2 to 3 cents per bushel Profit-taking setback after a three-session climb. Market lacks fundamental news. Concerns about declining US wheat ...

Markets - Commodities - Americas

US wheat stays firm on planting doubts, crop data eyed PARIS/SYDNEY: US wheat touched its highest level in more than a week on Monday as expectations for reduced plantings and risks to crops from dry weather lent support to a market that has been weighed down by large inventories.Soybeans and corn also touched their highest levels in over a week, with higher crude oil prices and an easing in the dollar from a near 14-year high helping crop markets.Corn, however, turned slightly lower during European ...

Markets - Commodities - Americas

CBOT soybeans may fall to $9.75 SINGAPORE: CBOT soybeans Jan. contract may fall to $9.75 per bushel, as its bounce from the Nov. 14 low of $9.75-1/4 has ended.The bounce was triggered by the support at $9.75, the 61.8 percent Fibonacci retracement on the uptrend from the Sept. 27 low of $9.40-1/2 to the Oct. 27 high of $10.31, it has been limited by the resistance at $9.96-1/4.Following a struggle around $9.85-3/4, the contract eventually dropped below this weak support. Either ...