05252016Wed
Last update: Wed, 25 May 2016 04pm

Americas

Markets - Commodities - Americas

US corn futures extend winning streak; soy, wheat ease CHICAGO: US corn futures firmed to their highest in nearly four weeks on Wednesday, closing in positive territory for the fifth day in a row on short-covering after weakening in overnight trading, traders said.Soybean futures eased on a round of profit-taking but closed well above session lows as speculators looking to extend a months-long rally sparked by concerns about the South American crop stepped into the market as it declined."The funds continue to defend their position," said Jason Britt, president of Central States Commodities. "Every time we have this break, everybody is pretty conditioned to buy the break."Wheat futures weakened, pressured by a firm US dollar and ample global supplies that weighed on overseas demand for US exports.Chicago Board of Trade July soybean futures settled down 5 cents at $10.75-1/4 a bushel. The contract bottomed out at $10.63-3/4 a bushel.CBOT July corn ended up 2-1/2 cents at $3.99-1/2 a bushel, ...

Markets - Commodities - Americas

CBOT soybeans end lower on profit-taking CHICAGO: Chicago Board of Trade soybean futures fell on Wednesday on profit-taking andchart-based selling after the spot July contract failed to match last week's multi-month highs, traders said.Additional pressure from traders unwinding long soy/short corn spread positions.CBOT July soybean contract settled down 5 cents at $10.75-1/4 a bushel after reaching $10.88, its highest since May 12.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

Sugar steady on shrinking supply; coffee down, cocoa up NEW YORK/LONDON: Raw sugar prices were steady on Wednesday as investors worried about dwindling supplies, while white sugar prices declined and both robusta and arabica coffee fell on improved crop prospects.Cocoa rose on forecasts for poor mid-crops in top growing countries Ivory Coast and Ghana. Raw sugar settled barely changed from Tuesday's close, staying not far from 19-month highs hit last week. "The market just won't follow the script as written by the sugar bears," ...

Markets - Commodities - Americas

Gold prices rise as dollar, global stocks ease NEW YORK/LONDON: Gold prices rose on Tuesday, reversing earlier losses after a weaker dollar and falling stock markets spurred safe-haven buying of the precious metal.Spot gold was trading 0.4 percent higher at $1,278.7 per ounce at 11:17 a.m. EDT (1517 GMT), while US gold futures were also up 0.55 percent at $1,281.20.Profit-taking led to a drop in gold prices earlier in the session, as stock markets temporarily edged higher.European shares hit a two-week high, bolstered ...

Markets - Commodities - Americas

Brazil corn crop losses will require contract renegotiations CUIABA: Producers of winter corn in Brazil must renegotiate delivery contracts for forward sales, curtailing exports of the grain, after dry weather caused severe losses to the crop, specialists said. Farmers will begin harvesting the winter, or second, corn crop in the coming weeks, and the heaviest losses are expected in the leading two producer states of Mato Grosso and Goias, which together account for half of the national output. Corn crops in other states, ...

Markets - Commodities - Americas

US Cash Grains-Corn basis steady to weak, soybeans flat CHICAGO: Spot corn basis bids were mostly steady to weak in the US Midwest on Tuesday amid scattered farmer selling as Chicago Board of Trade July futures set a 3-1/2 week high, traders said.Soybean bids were flat although the basis fell by 10 cents at Savanna, Illinois, on the Mississippi River.Dealers noted light to moderate farmer selling of soybeans.Producers were waiting to resume planting after showers slowed fieldwork in the last day in the southern ...

Markets - Commodities - Americas

Prices jump as investor money flows into commodities CHICAGO: US grain and soy futures jumped on Tuesday as investors sunk money into commodities, traders and analysts said.The buying carried nearby soybeans to the highest price for a front-month contract since November 2014. Nearby soybean meal reached its highest price since July 2015 and the most active contract hit levels not seen since December 2014.The advances were "really more of a capital flow issue more than anything else," said Steve Erdman, president of broker ...