08262016Fri
Last update: Fri, 26 Aug 2016 10pm

Americas

Markets - Commodities - Americas

CBOT corn may rise to $3.40-1/2 SINGAPORE: CBOT December corn may break a resistance at $3.38 and rise to $3.40-1/2 per bushel, driven by a wave c.The resistance is provided by the 23.6 percent Fibonacci projection level of the wave c, the third wave of a three-wave cycle from the Aug. 12 low of $3.22-1/2. This wave is capable of travelling to $3.44-1/2, the 61.8 percent level.A more realistic target could be $3.40-1/2, the 38.2 percent level, a break above which could lead to a gain to the 50 percent level at $3.42-1/2.Support is at $3.35-1/4, the 23.6 percent Fibonacci retracement on the rise from $3.22-1/2 to the Aug. 15 high of $3.39-1/4, a break below which could cause a loss to the 38.2 percent level at $3.32-3/4.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

CBOT wheat to retest resistance at $4.27-1/2 SINGAPORE, Aug 17 (Reuters) - CBOT September wheat may retest a resistance at $4.27-1/2 per bushel, a break above which could lead to a gain into the range of $4.30-1/4 to $4.34-1/4.The resistance is provided by the 76.4 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle from the Aug. 2 low of $3.99-1/4. This wave is capable of travelling to $4.34-1/4, the 100 percent level. A more ...

Markets - Commodities - Americas

NY sugar neutral in 20.08-20.40 cents range SINGAPORE: New York Oct. sugar looks neutral in a range of 20.08-20.40 cents per lb, and an escape could suggest a direction.The range is formed by the 38.2 percent and the 23.6 percent Fibonacci retracements on the uptrend from the July 29 low of 18.71 cents to the Aug. 8 high of 20.92 cents.A break above 20.40 cents could lead to a gain into the range of 20.60-20.77 cents, formed by the 14.6 percent and ...

Markets - Commodities - Americas

US Cash Grains-Soy processor bids widely mixed; river corn rebounds CHICAGO: Soybean cash basis bids were sharply higher at processors in the eastern half of the US Midwest on Tuesday and steady to lower at crushing plants in the western half of the region as supplies tightened ahead of the fall harvest, dealers said.Soy basis bids jumped 10 cents per bushel to the highest premiums since June at a closely watched processor in Decatur, Illinois, while the basis tumbled 15 cents at a processor in ...

Markets - Commodities - Americas

US Cash Soymeal-Offers firm as supplies tighten CHICAGO: Spot basis offers for US soymeal were steady to firm on Tuesday, supported by relatively tight supplies on the cash market, dealers said.An uptick in demand on the export market, coupled with some scheduled maintenance shutdowns at processors, was limiting the amount of soymeal available for sale to livestock and poultry producers.Processors typically take downtime during the summer months to ensure their facilities are running smoothly when plants are flooded with soybeans from harvest.* ...

Markets - Commodities - Americas

CBOT soyabeans to test resistance at $10.18-3/4 SINGAPORE: CBOT soybeans November contract may test a resistance at $10.18-3/4 per bushel, a break above which could lead to a gain to the next resistance at $10.36.The contract is riding on a wave c, the third wave of a three-wave cycle from the Aug. 2 low of $9.43. A confirmed inverted head-and-shoulders indicates this wave could extend to $10.64-1/2, the 50 percent Fibonacci retracement on the downtrend from the June 13 high of $11.86-1/4 ...

Markets - Commodities - Americas

CBOT corn may rise towards resistance at $3.44-1/4 SINGAPORE: CBOT Dec. corn is expected to rise towards a resistance at $3.44-1/4 per bushel, as it has broken a lower resistance at $3.36.These resistances are identified respectively as the 38.2 percent and the 23.6 percent Fibonacci retracements on the downtrend from the July 14 high of $3.80 to the Aug. 12 low of $3.22-1/2.The trend could be divided into five small waves, with the fourth wave labelled 4 having peaked around $3.44-1/4. Wave theory ...