07022016Sat
Last update: Sat, 02 Jul 2016 06am

Americas

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 cap rallies. India extended a 25 percent tax on wheat imports to help curb cheap shipments with domestic stockpiles rising at the world's second-biggest wheat producer. French farm office FranceAgriMer said 75 percent of the country's soft wheat was rated good or excellent by June 13, down from 79 a week earlier, reflecting how storms and heavy rain since last month have affected crops. Jordan has changed its wheat import buying terms in a bid ...

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 ...

Markets - Commodities - Americas

Argentina 2015-16 soy harvest now seen at 55.3mn tns BUENOS AIRES: Argentina's Rosario grains exchange on Wednesday revised its forecast for the 2015-16 soy harvest up to 55.3 million tonnes from 55 million tonnes previously. The exchange raised its forecast for the 2015-16 corn harvest to 27 million tonnes and said 4.7 million tonnes would likely be planted for the upcoming wheat crop. Copyright Reuters, 2016 ...

Markets - Commodities - Americas

CBOT Trends-Wheat up 3-5 cents, corn up 1-2, soybeans up 4-6 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 Wednesday. NOTE: The US Federal Reserve is scheduled to release its latest policy statement following a two-day meeting at 1 p.m. EDT (1800 GMT). Fed Chair Janet Yellen will hold a news conference half an hour later. WHEAT - Up 3 to 5 cents per bushel Higher ...

Markets - Commodities - Americas

Sugar, arabica ease as harvest weather improves NEW YORK/LONDON: Raw sugar and arabica coffee futures eased on Tuesday, on improved harvest weather in top grower Brazil and a stronger dollar, while London cocoa touched a six-week high supported by a weak pound.Soft commodities fell along with general market weakness. The 19-commodity Thomson Reuters CoreCommodity Index was down around 0.6 percent at a one-week low.Warmer and dryer temperatures in Brazil's sugarcane and arabica growing areas aided the harvest while further reducing concerns over ...