06252016Sat
Last update: Sat, 25 Jun 2016 06am

Americas

Markets - Commodities - Americas

CBOT corn up US weather jitters, posts 6th straight weekly rise CHICAGO: Chicago Board of Trade corn futures rose on Friday as uncertainty about crop weather in the US Midwest prompted traders to cover short positions ahead of the weekend, brokers said.Broad strength in other commodities, such as crude oil, lent support. The 19-market Thomson Reuters CoreCommodity CRB Index climbed 1.8 percent.CBOT July corn settled up 12-1/2 cents at $4.37-3/4 per bushel, with new-crop December up 13 cents at $4.48-3/4.For the week, July corn rose 14-3/4 cents per bushel or 3.5 percent, its sixth straight advance and the longest weekly streak for a spot corn contract since March 2014.Asian millers that churn out animal feed are expected to face a squeeze in supplies of key ingredients corn and soymeal in coming weeks as heavy rains disrupt shipments from major exporter Argentina.A Brazilian corn shipment is due to arrive at a US East Coast port next month, according to shipping data, despite ...

Markets - Commodities - Americas

CBOT wheat bounces after six-session slide, but ends week lower  CHICAGO: Wheat futures on the Chicago Board of Trade rose Friday on bargain-buying after a six-session slide, with broad strength in other commodities such as energies lending support, traders said.CBOT July wheat settled up 8-3/4 cents at $4.81-1/4 per bushel. K.C. hard red winter wheat and MGEX spring wheat futures also closed higher.The market's rally was limited by seasonal pressure from the expanding US winter wheat harvest, which has dragged down prices in recent days.For ...

Markets - Commodities - Americas

US Cash Grains-Soy bids steady/weak on rivers as freight rises CHICAGO: Soybean spot basis bids were steady to lower at US Midwest river terminals on Friday, weighed down by recent declines in the CIF barge market and as freight costs rose on the waterways, grain merchants said.Barge freight was trading at the highest levels in about two months in the benchmark Mississippi River at St. Louis market as robust export demand for US corn and soybeans boosted demand for empty vessels for hauling supplies to ...

Markets - Commodities - Americas

CBOT Trends-Wheat up 5-6 cents, corn up 4-5, soybeans up 10-13 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 Friday. WHEAT - Up 5 to 6 cents per bushel Higher on short-covering after a six-session slide pressed the CBOT July contract to a two-week low on Thursday. Higher trend in corn and soybeans lends support. But seasonal pressure from the expanding US winter wheat harvest may ...

Markets - Commodities - Americas

Argentine corn area to increase 20pc in 2016-17, minister MEDELLIN: Argentina's area planted with corn could increase 20 percent during the 2016-17 growing season, raising production by between 10 million and 15 million tonnes from the previous year, the country's agriculture minister said. The boost to corn in the world's fourth-largest exporter of the crop would come at the expense of soy, Agro-Industrial Minister Ricardo Buryaile said on the sidelines of the World Economic Forum's Latin America meeting in Colombia late on Thursday, as ...

Markets - Commodities - Americas

US Cash Soymeal-Offers steady/lower on big bean supplies CHICAGO: Basis offers for US soymeal were steady to lower on Thursday as some dealers discounted prices in efforts to drum up demand for the animal feed, dealers said.Farmers sold large volumes of soybeans in recent weeks, leaving big crushing supplies for processors. Dealers were seeking to sell soymeal to livestock and poultry producers, and lock in profitable crush margins.Offers eased by $3 per ton at three processors in Iowa, where some crushing plants were ...

Markets - Commodities - Americas

Corn, soy retreat on US Midwest showers, profit-taking CHICAGO: US corn and soybean futures eased on Wednesday after better-than-expected rains fell in the Midwest crop belt, prompting investors to take profits after recent highs, analysts said.Wheat futures also fell, pressured by the expanding US winter wheat harvest and plentiful global stocks.At the Chicago Board of Trade as of 11:56 a.m. CDT (1656 GMT), soybeans for July delivery were down 11-3/4 cents at $11.57-3/4 per bushel. July corn was down 4 cents at $4.32-1/2 ...