02062016Sat
Last update: Sat, 06 Feb 2016 12pm

Americas

Markets - Commodities - Americas

Palm oil eases on falling exports ROTTERDAM: Palm oil on the European vegetable oils market eased on Wednesday on falling Malaysian palm oil exports. "The palm oil market was supported by expectations for a smaller production, but when exports fall by about 10 percent during the first 20 days of January it could still be a struggle for exports to outpace output," one broker said. Palm oil was mostly offered between $2.50 and $7.50 a tonne down from Tuesday after Malaysian palm oil futures closed between 14 and 26 ringgit a tonne lower after data showed a drop in exports this month. At 1730 GMT, CBOT soyoil futures were between 0.32 and 0.45 cents per lb lower on technical selling following worries over the global economy and the outlook for a bumper Brazilian soybean crop. Weak energy markets also weighed.Liquid oils - rapeoil, soyoil and sunoil - were mostly offered between five and nine euros per ...

Markets - Commodities - Americas

CBOT soybeans close lower on profit-taking CHICAGO: Chicago Board of Trade soybean futures dropped 1.1 percent on Wednesday on a profit-taking setback after prices rallied to their highest in nearly a month on Wednesday.Traders said plentiful global supplies and expectations of a record crop in Brazil will keep a bearish tone on the market for the next few months and most rallies will be quickly turned back.Consolidation trade was noted near the benchmark CBOT March contract's 30-day moving average.The ample supply ...

Markets - Commodities - Americas

CBOT corn rises to 4-week high on short-covering CHICAGO: Chicago Board of Trade corn futures edged higher on Wednesday, finishing at the highest levels in about a month on short covering and technical buying, backed by increased export demand for US supplies, traders said. It was the sixth straight session without a decline for front-month CBOT March corn, with the gains of 4.8 percent over that stretch the largest such increase since September.Corn has climbed when many other commodities such as crude oil ...

Markets - Commodities - Americas

Soybeans set back on profit taking; wheat weakens too CHICAGO: US soybean futures dropped 1.1 percent on Wednesday as investors locked in profits a day after the market's rally to a four-week high, traders said. Wheat futures also fell, pressured by weak overseas demand for US supplies. But corn closed slightly higher, with a surprise export sale triggering a mild round of short-covering after weakening during the overnight session. Soybeans notched the biggest decline, and traders warned that the ample global supply base will ...

Markets - Commodities - Americas

Gold benefits from falls in equities and commodities markets NEW YORK/LONDON: Gold rose 2 percent on Wednesday, benefiting as global equity markets fell to 2-1/2-year lows and oil prices continued their relentless slump to a 13-year low, leading other commodity markets broadly lower. However, slow physical demand from Asia kept the metal from returning to this month's peak of $1,112 an ounce, traders said. Spot gold climbed to a session high of $1,109.20 an ounce and was up 1.5 percent at $1,103.36 an ounce ...

Markets - Commodities - Americas

Brazil 2016 coffee crop seen on the mend at 49.1-51.9mn bags SAO PAULO: In its first study of the new harvest, Brazil's Agriculture Ministry forecast the 2016 coffee crop at 49.13 million to 51.94 million 60-kg bags, up 14 to 20 percent from last season's 43.2-million-bag harvest that suffered from drought.The ministry's crop supply agency Conab also said coffee area had grown by nearly 3 percent to 1.98 million hectares.Yields are expected to recover by as much as 17 percent from last season with the return ...

Markets - Commodities - Americas

NY sugar may fall to 14.38 cents SINGAPORE: New York March sugar may break a support at 14.66 cents per lb and fall more towards the next support at 14.38 cents, as indicated by its wave pattern and a Fibonacci retracement analysis.These supports are identified respectively as the 38.2 percent and the 23.6 percent Fibonacci retracements on the fall from the Dec. 4, 2015 high of 15.85 cents to the Nov. 9, 2015 low of 13.93 cents.Wave pattern suggests sugar be riding ...