09302016Fri
Last update: Fri, 30 Sep 2016 01pm

Americas

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 of the US Department of Agriculture's weekly crop progress report, analysts surveyed by Reuters expected the government to report the US corn harvest as 11 percent complete, up from 5 percent a week ago.Analysts expected the USDA to leave corn ratings unchanged with 74 percent of the crop good-to-excellent.The USDA reported export inspections of US corn in the latest week at 1,285,034 tonnes, in line with trade expectations for 1.0 million to 1.3 million tonnes.The ...

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 ...

Markets - Commodities - Americas

US corn, soybean condition ratings seen unchanged in week CHICAGO: The US Department of Agriculture will likely show no change in weekly condition ratings for corn and soybeans, according to a Reuters poll of eight analysts on Monday.The USDA in its weekly crop progress and conditions report due at 3 p.m. CDT (2000 GMT) is expected to show corn ratings at 74 percent good to excellent and soybean ratings at 73 percent good to excellent, unchanged from a week earlier, according to the average ...

Markets - Commodities - Americas

US Cash Grains-Soy basis weakens on early harvest; corn mixed CHICAGO: Soybean spot basis bids were steady to sharply lower at US Midwest processors and river terminals on Monday as farmers delivered fresh supplies in the early phases of the autumn harvest, dealers said.Some growers were taking advantage of a one-week high in Chicago Board of Trade soybean futures to sell beans straight out of the fields. Soy basis bids also were likely to extend losses as harvest activity advances in the coming weeks.Soybean bids ...

Markets - Commodities - Americas

CBOT wheat may rise to $4.00-1/2 SINGAPORE: CBOT December wheat may rise to $4.00-1/2 per bushel, as it may temporarily end its drop around a support at $3.96-1/2.The support is provided by the 7 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle from the Aug. 31 low of $3.86-3/4. Strengthening the support is a similar one established by a trendline rising from $3.86-3/4.The wave c seems to be incomplete, as it is capable ...

Markets - Commodities - Americas

Gold slumps to two-week low ahead of Fed meeting next week NEW YORK/LONDON: Gold slid on Thursday to a two-week low after a mixed bag of US economic data prompted selling ahead of next week's US Federal Reserve policy meeting.Spot gold fell as much as 1 percent to $1,309.25 an ounce and was down 0.6 percent at $1,314.47 by 5:05 p.m. EDT (2105 GMT).US economic reports showed retail sales fell more than expected last month, while the number of Americans filing for unemployment benefits rose less ...