09262016Mon
Last update: Mon, 26 Sep 2016 08am

Americas

Markets - Commodities - Americas

US July soybean crush falls to 4.604 million tons CHICAGO: The US Department of Agriculture said on Thursday that US processors crushed 4.604 million tons of soybeans during July, down from 4.624 million tons during June. Analysts, on average, had been expecting the July crush to come in at 4.596 million tons, or 153.2 million bushels. A year ago, the crush totaled 4.673 million tons. The USDA also reported that soymeal stocks at the end of the month stood at 419,802 tons, up from 281,038 tons in June. Crude soyoil stocks totaled 1.866 billion pounds at the end of July and refined soyoil stocks came in at 348.5 million pounds. Copyright Reuters, 2016 ...

Markets - Commodities - Americas

Oil slides on glut worry, on track for biggest weekly drop since Jan NEW YORK: Oil prices fell more than 3 percent on Thursday, heading for their sharpest weekly slide since January as investors brushed aside talk that OPEC might freeze production and focused on a growing glut from US crude stockpiles. Energy monitoring service Genscape's report of a 714,282-barrel drawdown at the Cushing, Oklahoma, delivery point for US crude futures during the week ended on Aug. 30 did little to bolster sentiment, traders who saw the report ...

Markets - Commodities - Americas

Bargain buyers boost corn, wheat from multi-year lows WINNIPEG: Chicago corn and wheat rose on Thursday as investors covered short positions and bought at bargain prices after the grains plumbed multi-year lows during eight-day skids on prospects of abundant US and world supplies. Most-active soybeans edged higher, halting a seven-day losing streak under pressure from an expected record US crop. Chicago Board of Trade's most active December corn contract led the way higher, rising 8-1/4 cents or 2.5 percent to $3.23-3/4 a bushel. ...

Markets - Commodities - Americas

US Cash Grains-Corn bids mostly unchanged; soy steady to firmer CHICAGO: Spot corn basis bids were generally unchanged on Wednesday at elevators around the Midwest, but soybean offers were steady to higher at processors, grain merchandisers said.Sufficient world and US corn supplies and strong dollar tempered demand for product.Soybean demand increased from crushers due to dwindling old-crop supplies and competition for beans from exporters.The US Department of Agriculture said private exporters sold 187,000 tonnes of US soybeans to China for 2016/17 delivery.A delegation of soybean ...

Markets - Commodities - Americas

Chile copper mines resume partial operations after fatal accidents SANTIAGO: Partial operations were resumed on Wednesday at Chilean state-owned copper miner Codelco's Chuquicamata mine and Freeport-McMoran Inc's El Abra mine, the day after separate fatal accidents forced complete suspension of activities. Codelco, the world's No. 1 copper producer, said it was still investigating the cause of the accident at Chuquicamata that left two workers dead when the vehicle they were driving collided with a giant mining truck.Chile's mining regulator said operations at Freeport's El ...

Markets - Commodities - Americas

US Cash Soymeal-Basis flat on tight supply, lackluster demand CHICAGO: Cash basis offers for US soymeal were mostly unchanged on Wednesday as supplies were seasonally tight and demand lackluster ahead of an expected record-large soybean harvest, dealers said.Many animal feed buyers have already purchased enough soymeal to get through September, while many soybean processors have bought what they needed for crushing before the arrival of freshly harvested supplies in the coming weeks.A Minnesota dealer rolled his offer to Chicago Board of Trade October soymeal ...

Markets - Commodities - Americas

Wheat slumps to new 10-year low on ample supplies CHICAGO: US wheat futures fell for a sixth consecutive session to hit a new 10-year low on Monday, as ample global stocks and a regulatory clamp-down from the world's largest buyer of the grain dragged on prices.Corn set a seven-year low and soybeans also declined, pressured by prospects for large US harvests of both crops.At the Chicago Board of Trade, September wheat settled down 13 cents at $3.70-1/2 per bushel after dipping to $3.69-1/2, the ...