08252016Thu
Last update: Thu, 25 Aug 2016 11am

Americas

Markets - Commodities - Americas

Brazil cacao imports to jump 7 times in 2016 due to drought SAO PAULO: Drought over the past year has damaged Brazil's cacao farms and will force the domestic processing industry to import seven times the volume of cacao in 2016 than it did last year, the AIPC industry association said on Wednesday. Brazil will import 80,000 tonnes of the commodity in 2016, AIPC said, adding it was pushing the government to lift the ban on Ivory Coast cacao imports. Copyright Reuters, 2016 ...

Markets - Commodities - Americas

CBOT soybeans may fall to $9.90-1/2 SINGAPORE: The CBOT soybeans November contract may break a support at $10.00-1/2 per bushel and fall more to the next support at $9.90-1/2, as it failed to break a resistance at $10.18-3/4.The resistance is provided by the 100 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle from the Aug. 2 low of $9.43. It has caused a correction towards the 50 percent level at $9.90-1/2.A Fibonacci retracement ...

Markets - Commodities - Americas

CBOT corn may rise to $3.40-1/2 SINGAPORE: CBOT December corn may break a resistance at $3.38 and rise to $3.40-1/2 per bushel, driven by a wave c.The resistance is provided by the 23.6 percent Fibonacci projection level of the wave c, the third wave of a three-wave cycle from the Aug. 12 low of $3.22-1/2. This wave is capable of travelling to $3.44-1/2, the 61.8 percent level.A more realistic target could be $3.40-1/2, the 38.2 percent level, a break above which ...

Markets - Commodities - Americas

CBOT wheat to retest resistance at $4.27-1/2 SINGAPORE, Aug 17 (Reuters) - CBOT September wheat may retest a resistance at $4.27-1/2 per bushel, a break above which could lead to a gain into the range of $4.30-1/4 to $4.34-1/4.The resistance is provided by the 76.4 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle from the Aug. 2 low of $3.99-1/4. This wave is capable of travelling to $4.34-1/4, the 100 percent level. A more ...

Markets - Commodities - Americas

NY sugar neutral in 20.08-20.40 cents range SINGAPORE: New York Oct. sugar looks neutral in a range of 20.08-20.40 cents per lb, and an escape could suggest a direction.The range is formed by the 38.2 percent and the 23.6 percent Fibonacci retracements on the uptrend from the July 29 low of 18.71 cents to the Aug. 8 high of 20.92 cents.A break above 20.40 cents could lead to a gain into the range of 20.60-20.77 cents, formed by the 14.6 percent and ...

Markets - Commodities - Americas

US Cash Grains-Soy processor bids widely mixed; river corn rebounds CHICAGO: Soybean cash basis bids were sharply higher at processors in the eastern half of the US Midwest on Tuesday and steady to lower at crushing plants in the western half of the region as supplies tightened ahead of the fall harvest, dealers said.Soy basis bids jumped 10 cents per bushel to the highest premiums since June at a closely watched processor in Decatur, Illinois, while the basis tumbled 15 cents at a processor in ...

Markets - Commodities - Americas

US Cash Soymeal-Offers firm as supplies tighten CHICAGO: Spot basis offers for US soymeal were steady to firm on Tuesday, supported by relatively tight supplies on the cash market, dealers said.An uptick in demand on the export market, coupled with some scheduled maintenance shutdowns at processors, was limiting the amount of soymeal available for sale to livestock and poultry producers.Processors typically take downtime during the summer months to ensure their facilities are running smoothly when plants are flooded with soybeans from harvest.* ...