07242016Sun
Last update: Sun, 24 Jul 2016 05pm

Americas

Markets - Commodities - Americas

Sugar rallies on short-lived fire at Brazil port terminal NEW YORK/LONDON: Raw sugar futures rallied more than 4 percent on Thursday, buoyed by a fire at the Rumo terminal at Brazil's Santos port, while arabica coffee rose amid forecasts for cold weather in top grower Brazil, nearing this week's 1-1/2-year high.New York cocoa futures firmed to the highest level since June 23, the day that Britain voted to leave the European Union but before the results were known, while the London market weakened on pressure from the British pound.The soft commodity markets benefited from broad based buying as the 19-market Thomson Reuters CoreCommodity Index rallied 1 percent and the US dollar fell."With commodity trends starting to become more bullish, this money is starting to identify commodities as a possible rewarding, uptrending market," said Shawn Hackett, president of Hackett Financial Advisors in Boynton Beach, Florida, about money fleeing Europe after the U.K. vote.October raw sugar on ICE settled up 0.43 ...

Markets - Commodities - Americas

Rising exports to cut US corn stocks more than expected WASHINGTON: US corn supplies will tighten more than expected in the coming months due to rising exports, but a bumper harvest will quickly re-stock grain bins, the government said on Tuesday. A big soybean harvest also will help offset rising overseas demand for US supplies of the oilseed, according to the US Agriculture Department's monthly supply and demand report.The government's surprise cut to its old-crop corn supplies estimate stemmed from harvest shortfalls in Brazil. USDA ...

Markets - Commodities - Americas

Soybeans advance ahead of USDA crop data CHICAGO: US soybean futures rose advanced on Tuesday ahead of a monthly crop outlook from the US government that may show increased export demand for the oilseed.Corn and wheat futures slipped.The US Department of Agriculture is expected to raise its forecast for 2015/16 and 2016/17 US corn ending stocks, while lowering its forecast for 2015/16 US soybean stocks, according to analysts surveyed by Reuters.While US corn inventories are expected to balloon above 2 billion bushels ...

Markets - Commodities - Americas

US corn, soy condition ratings seen unchanged in week CHICAGO: The US Department of Agriculture's weekly crop progress report on Monday is expected to show no change in corn and soybean condition ratings following a warm and wet week in most of the US Midwest, a Reuters poll of analysts showed.The USDA should rate 75 percent of the corn crop and 70 percent of the soybean crop as good to excellent as of Sunday, according to the average estimates of 11 analysts.For corn, estimates ...

Markets - Commodities - Americas

Honduras coffee exports plunge 18.5pc in June TEGUCIGALPA: Coffee exports from Honduras plunged 18.5 percent in June compared with the period last year, national coffee institute IHCAFE said on Friday, prompting exporters to cut their forecasts for foreign shipments this season.June sales from Central America's top coffee exporter reached 592,530 60-kg bags, down from 726,893 60-kg bags in the same month last year, IHCAFE said.Shipments during the first nine months of the 2015-16 harvest totaled 4.368 million 60-kg bags, down 3.3 percent ...

Markets - Commodities - Americas

US Cash Grains-Corn, soy basis bids steady/lower as dealers roll CHICAGO: Corn and soybean spot basis bids were mostly steady to lower around the US Midwest on Friday as demand from processors and exporters was muted ahead of the three-day holiday weekend, grain merchants said.Some dealers were rolling corn, soybean and wheat bids out of July futures contracts and into September corn and wheat futures and August soybean futures. Friday was first notice day for deliveries against July futures contracts and the dealers typically roll ...

Markets - Commodities - Americas

Alvean buys 187,000 tonnes of raw sugar in ICE July delivery NEW YORK: Alvean, owned by Cargill Inc and Brazil's Copersucar SA, scooped up 3,688 lots, about 187,000 tonnes, of raw sugar against the July contract on ICE Futures US that expired on Thursday, a spokeswoman said in an emailed statement. That marks the first time the joint venture has scooped up sugar through the contract since it was formed in 2014, confirming a Reuters report on Thursday. Copyright Reuters, 2016 ...