05282016Sat
Last update: Sat, 28 May 2016 07am

Americas

Markets - Commodities - Americas

CBOT corn ends higher on technical buying, strength in soy CHICAGO: Chicago Board of Trade corn futures closed higher on Friday on technical buying after Thursday's 2 percent drop and spillover strength from soybeans and soymeal, traders said.Chart-based buying noted after CBOT July corn on Thursday was able to stay above its 200-day moving average of $3.85.Uncertainty about weather during the US summer growing season lent support.The run-up in nearby CBOT soymeal futures to a 17-month high may help bolster values for distillers' dried grains (DDGs), a corn-based feed ingredient derived from ethanol production.CBOT July corn settled up 4-1/2 cents at $3.94-1/2 per bushel. For the week, the contract rose 3-3/4 cents or about 1 percent.USDA said private exporters sold 125,000 tonnes of US corn to Colombia for 2015/16 delivery.French farmers seeded 91 percent of the planned grain maize area for this year's harvest by May 16 after rain delays, farm office FranceAgriMer said in a weekly report. Copyright Reuters, ...

Markets - Commodities - Americas

CBOT wheat ends lower after choppy session, falls 1.5pc in wk CHICAGO: Wheat futures on the Chicago Board of Trade closed lower on Friday on technical selling after a seesaw session, traders said.CBOT July wheat settled down 1 cent at $4.67-3/4 per bushel and stayed inside the previous day's trading range.K.C. hard red winter wheat futures closed modestly higher while MGEX spring wheat settled narrowly mixed.Plentiful US and global wheat inventories hung over the market, limiting rallies.For the week, CBOT July wheat fell 7 cents per ...

Markets - Commodities - Americas

Sugar rallies to July '14 highs as funds continue to pile in NEW YORK/LONDON: Raw and white sugar futures jumped to their highest since July 2014 on Friday, extending their biggest rally in years as speculative investors continued to pile into the sweetener market on expectations of tightening supplies. Robusta and arabica coffee rose, while cocoa also closed higher. On track to break a four-year losing streak, raw sugar prices are up 16 percent year to date on expectations of a global deficit - the first in ...

Markets - Commodities - Americas

Soymeal soars on Argentina crop woes, short covering CHICAGO: US soybean meal futures climbed to 18-month highs on Friday as short-covering and concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains.Soybean and corn futures rose on spillover support from meal's rally, traders said, while wheat futures slipped under pressure from the strengthening US dollar. "It's no doubt a meal-led rally," said Don Roose, president of Iowa broker US Commodities. Most-active soymeal futures have added 45 ...

Markets - Commodities - Americas

Soymeal climbs on concerns about Argentine exports CHICAGO: US soybean meal futures climbed to their highest prices in 18 months on Friday as concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains.Soybeans and corn futures rose on spillover support from meal's rally, traders said, while wheat futures slipped under pressure from strength in the US dollar.Most-active soymeal futures have climbed 45 percent since the start of April on short covering and as wet weather ...

Markets - Commodities - Americas

US Cash Soymeal-Exports offers mixed on limited old-crop demand CHICAGO: Soymeal basis offers were steady to narrowly mixed in the US export market as skyrocketing futures prices kept a lid on demand, especially for summer shipments, traders said.Basis offers were mostly steady at domestic soybean processing plants, with some crushers boosting their bids to buy soybeans in attempts to take advantage of strong crush margins.Chicago Board of Trade soymeal jumped to the highest levels in about 1-1/2 years on short-covering and limited offerings out ...

Markets - Commodities - Americas

CBOT soybeans signals mixed SINGAPORE: Signals are mixed for CBOT soybeans July contract and will become clear when the contract leaves a range of $10.54-1/2 to $10.86-3/4 per bushel.The range is formed by the 214.6 percent and the 261.8 percent Fibonacci projection levels of an upward wave 3, the third wave of a five-wave cycle from the March 2 low of $8.62.It is not very clear if the cycle has ended. A rise above $10.86-3/4 could confirm the extension ...