Americas
Monday, 01 April 2013 19:55
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WINNIPEG: ICE Canada canola futures slipped early on Monday, weighed down by a plunge in corn prices after Thursday's bearish US Department of Agriculture report.ICE Futures Canada and US grain markets were closed on the Good Friday holiday.Benchmark May contract dipped below its 50-day moving average before paring losses. Sustained trading below that average, around $619.50, could lead to selling by funds -- trader.May canola lost $2.20 to $623.30 per tonne on volume of 567 contracts at 8:10 a.m. CDT (1310 GMT).July dropped $1.80 to $607 on volume of 158.Chicago Board of Trade May soybeans shed 9-1/2 US cents to US$13.95-1/4 per bushel.MATIF Paris May rapeseed gave up 1.4 percent at 8:09 a.m. CDT (1309 GMT).Malaysian June palm oil lost 1.7 percent.Canadian dollar was trading at $1.0171 versus the US dollar or 98.32 US cents, down from Thursday's close at $1.0160 versus the greenback, or 98.43 US cents. ...
NEW YORK: US cotton farmers are expected to grow a historically small crop next year, the U.S Department of Agriculture said on Thursday, reinforcing expectations that fiber will continue to lose acreage to higher-priced grain crops.In the first real indication of the 2013/14 crop, the USDA said US growers will plant about 10.026 million acres (4.06 million hectares) of cotton for next year's crop, the smallest acreage in four years. That is down 19 percent ...
WINNIPEG: ICE Canada canola futures edged up to a three-week high on Thursday, lifted by modest short-covering ahead of a closely watched US Department of Agriculture (USDA) report.USDA issues report at 11 a.m. CDT (1600 GMT), and is expected to estimate US soy planting area at 78.4 million acres.May canola gained 30 cents to $638.30 per tonne on volume of 721 contracts at 7:49 a.m. CDT (1249 GMT). Touched $639.20, the highest nearby price in ...
WASHINGTON: The US State Department said Wednesday it will hold a public meeting in Nebraska in April on a controversial $5.3 billion Canada-to-Texas oil pipeline, just days before a key consultation period ends.The April 18 meeting on the Keystone XL Project will take place in the midwestern US state's environmentally-sensitive Sandhills area, which the pipeline had initially been set to traverse.President Barack Obama rejected that initial proposal, and a new route has now been drawn ...
CHICAGO: US grains rose on the eve of a major crop report, with corn futures notching a seven-week high on Wednesday after the ethanol stockpile plunged to the lowest level since December 2011.Wheat futures rallied to a five-week high while soybeans trimmed earlier losses to touch a two-week top.Government data showed production of the grain-based biofuel declined but ethanol stocks dropped 5.5 percent in the largest draw down since July, indicating strong demand from blenders ...
NEW YORK: Cotton futures rose on Tuesday, stemming a four-day slide as reports of new import quotas in China supported prices in the United States, the world's top exporter, and as technical support buoyed the market. The most-active May cotton contract on ICE Futures US gained 1.45 cent, or 1.7 percent, to settle at 88.04 cents per pound. It was fiber's largest one-day rally since climbing to a 1-year high of 93.93 cents a lb ...
CHICAGO: US soybeans rallied for the first time in three sessions on Tuesday as port congestion in Brazil during the harvest of its bumper crop helped drive up cash prices in the United States.But trading volume was light and corn lost ground as traders evened positions ahead of a government report on Thursday that is expected to forecast the largest corn seedings in 77 years.Closely-watched oilseeds analyst Oil World cut its estimates for both the ...
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