09292016Thu
Last update: Thu, 29 Sep 2016 08pm

Americas

Markets - Commodities - Americas

Soybeans rally on harvest delays; corn, wheat firm CHICAGO: Chicago Board of Trade soybean futures rose 1.7 percent on Tuesday, hitting a nearly one-month high on strong export demand and as rains delayed harvest in key production areas of the US Midwest, traders said. The delays also supported corn futures while wheat rose on technical buying and short-covering. Both corn and wheat were on track for their third straight day of gains. Soybeans rose for the fourth session in a row, led by demand from commercial operators as cash market supplies were tight. "Both crushers and exporters need to get their hands on physical bushels to offset long paper and meet contracts," Brugler Marketing and Management LLC said in a note to client. The US Department of Agriculture said on Tuesday morning that exporters had sold another 110,000 tonnes of soybeans to China for delivery during the 2016/17 marketing year. At 11:25 a.m. CDT (1625 GMT), CBOT November ...

Markets - Commodities - Americas

CBOT wheat ends mixed, spot December firm on technical buying CHICAGO: Wheat futures on the Chicago Board of Trade closed narrowly mixed on Monday, with the spot December contract ending higher on technical buying and spillover strength from soy and corn, traders said.CBOT December wheat settled up 3/4 cent at $4.04 per bushel.K.C. December hard red winter wheat and MGEX December spring wheat both closed fractionally lower.Ahead of the US Department of Agriculture's weekly crop progress report, analysts surveyed by Reuters expected the government to ...

Markets - Commodities - Americas

US Cash Soymeal-Basis offers flat on light pre-harvest demand CHICAGO: US soymeal basis offers were mostly unchanged on Monday as some end users bought truckloads of the animal feed, but overall demand overall was minimal before the autumn soybean harvest gets going in the Midwestern crop belt, dealers said.Some soy processors were slashing their soybean bids as farmers started harvesting the earliest maturing fields. But widespread harvest activity - and a more ample supply of soymeal - was still weeks away.Truck basis offers maintained ...

Markets - Commodities - Americas

Raw sugar sets four-year peak; coffee, cocoa jump NEW YORK/LONDON: Soft commodity markets on ICE rallied on broad-based buying and the weak US dollar on Monday, with raw sugar futures extending the prior session's sharp gains to reach a four-year high as global supplies tightened. March raw sugar settled up 0.28 cent, or 1.3 percent, at 22.75 cents per lb after rising to 22.95 cents, the highest for the second month since August 2012. The contract rose as much as 8 percent on ...

Markets - Commodities - Americas

CBOT corn ends fractionally higher after seesaw session CHICAGO: Chicago Board of Trade corn futures closed modestly higher on Monday after a seesaw session as technical buying and short-covering offset pressure from the start of the US harvest, traders said.Rains expected in the northwestern Corn Belt this week should limit harvest progress, while other areas will see drier weather.The benchmark CBOT December corn contract settled up 1/4 cent at $3.37-1/4 per bushel after encountering chart-based resistance above its 50-day moving average of $3.38.Ahead ...

Markets - Commodities - Americas

CBOT soybeans end higher, led by soyoil CHICAGO: Chicago Board of Trade soybean futures rose on Monday for a third straight session, buoyed by technical buying and strength in soyoil futures, traders said.A firm tone in US crude oil futures and a weaker dollar index lent additional support.The CBOT November soybean contract settled up 6-1/2 cents at $9.72-1/2 per bushel, breaking through chart resistance at its 200-day moving average near $9.70.CBOT December soyoil rose more than 2 percent, buoyed by strength in ...

Markets - Commodities - Americas

CBOT Trends-Wheat up 1-3 cents, corn up 1-2, soybeans up 8-11 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 Monday. WHEAT - Up 1 to 3 cents per bushel Higher on short-covering and spillover strength from corn and soybeans. Ample global wheat supplies keep prices anchored. Egypt's state grain buyer, the General Authority for Supply Commodities, canceled an international wheat tender it had announced on ...