02122016Fri
Last update: Fri, 12 Feb 2016 11pm

Americas

Markets - Commodities - Americas

CBOT corn edges lower on technical selling CHICAGO: Corn futures on the Chicago Board of Trade were slightly lower on Tuesday, pressured by light technical selling after prices failed to surpass their one-month high reached in the previous session, traders said.Corn has been locked in a narrow, roughly 5-cent, trade band for about a week, with short covering and better USexport demand helping prop up prices while increased farmer selling and overall ample global supplies limited gains. Most-active CBOT March futures reached a session peak of $3.72 per bushel, below Monday's high of $3.72-1/2. The $3.72 level has provided upside resistance since Jan. 21 even as moving averages such as the 50-day gave downside support. CME Group data showed open interest in corn futures tumbling by 13,836 contracts during Monday's session, the largest decline since Dec. 7, as investors continued to take profits on earlier short positions. China imported a record volume of corn and corn substitutes, ...

Markets - Commodities - Americas

Gold at 12-week high on safe haven buying as Fed meeting begins NEW YORK/LONDON: Gold rose to a 12-week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the US Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase. Spot gold was up 1.3 percent at $1,121.80 an ounce at 2:16 p.m. EST (1916 GMT), the highest since Nov. 4. US gold futures for February delivery settled up 1.3 percent at ...

Markets - Commodities - Americas

CBOT wheat hits one-month high on short-covering CHICAGO: Front-month wheat futures on the Chicago Board of Trade set a one-month high on Tuesday on chart-based buying, short-covering and continued chatter that Russia might curb wheat exports, traders said.Values closed firm but off the day's highs. CBOT March wheat settled up 3-1/4 cents at $4.84-3/4 a bushel after reaching $4.88-1/2, its highest since Dec. 21.K.C. hard red winter wheat and MGEX spring wheat futures also ended the day higher.Commodity funds hold a large ...

Markets - Commodities - Americas

Wheat up on talk of Russia curbing exports, short-covering CHICAGO: US wheat futures climbed to a one-week high on Monday on short-covering and concerns about the possibility that Russia might limit exports, traders said.Soybeans climbed, led by soymeal, while corn was little changed.At the Chicago Board of Trade as of 12:40 p.m. CST (1840 GMT), March wheat was up 6-3/4 cents at $4.82-1/4 per bushel. March soybeans were up 4-1/2 cents at $8.81, and March corn was down 1/4 cent at $3.70.Wheat futures rose ...

Markets - Commodities - Americas

Cotton futures advance on support from surging crude oil prices NEW YORK: Cotton futures advanced on Friday, as a 10-percent surge in crude oil prices lifted commodities markets."Cotton followed the general rally," said INTL FC Stone brokers in a note.Weekly U.S. government export sales data was in line with expectations, they said. Net upland sales totaled 194,600 running bales in the most recent reporting week, jumping 14 percent from the prior week, the data showed.* The March cotton contract on ICE Futures U.S. settled up ...

Markets - Commodities - Americas

U.S. corn, wheat post small gains; soybeans sag CHICAGO: Chicago Board of Trade corn futures inched higher in end-of-week consolidation trade on Friday, supported by some fresh global supply concerns and stronger-than-expected export data, traders said.Chicago Board of Trade soft red winter wheat also firmed slightly, with mild short-covering lending support. Ample global supplies but weak demand for U.S. exports weighed on the sector. K.C. hard red winter wheat and MGEX spring wheat futures posted lower closes.Soybean futures were weaker, with the market ...

Markets - Commodities - Americas

Speculators raise net long positions in ICE sugar, cotton -CFTC NEW YORK: Speculators raised their net long positions in raw sugar and cotton contracts on ICE Futures U.S. in the shortened holiday week ended Jan. 19, U.S. Commodity Futures Trading Commission data showed on Friday.The noncommercial dealers cut their net long position in cocoa futures and options, and raised their net short position in arabica coffee, the data showed.Copyright Reuters, 2016 ...