07022016Sat
Last update: Sat, 02 Jul 2016 02pm

Americas

Markets - Commodities - Americas

Arabica falls sharply from 13-month high, sugar at 2013 peak NEW YORK/LONDON: Arabica coffee futures on ICE fell more than 11 cents from a 13-month high on Thursday, initially buoyed by forecasts for isolated frost in top producer Brazil but then pressured by profit taking and options-related selling.Raw sugar prices inched up to the highest in more than 2-1/2 years on speculative buying, while cocoa was slightly higher.July arabica coffee settled down 5.7 cent, or 4.1 percent, at $1.3395 per lb, after rallying to $1.45, the highest since April 2015."As of now, the weather is cool in the Parana region where there is not much coffee, but this weekend it may travel north to the Minas region, which could start to have a potential impact on the crop," said Rod Groom, trader for Coffee America Corp."Additionally the market volatility has now picked up from 25 percent to 40 percent and many July call options are now in the money, creating ...

Markets - Commodities - Americas

CBOT corn down first time in 7 sessions on profit-taking CHICAGO: Chicago Board of Trade corn futures eased about 1 percent on Thursday, declining for the first time in seven sessions as investors locked in profits following Wednesday's 11-month high, traders said.Traders were squaring positions ahead of Friday's monthly US Department of Agriculture supply and demand report and as crop-friendly rainfall was predicted in the US Corn Belt.The closely tracked July-December corn futures spread fell to a roughly three-week low as investors rolled out of ...

Markets - Commodities - Americas

CBOT soy ends mixed, deferred months rise on export demand CHICAGO: Chicago Board of Trade soybean futures ended mixed on Thursday as traders awaited the release of US Department of Agriculture crop data on Friday and factored in expectations for stronger export demand, traders said.Front-month July soybeans ended down 1-3/4 cents at $11.76 a bushel as traders took profits before the USDA crop report.New-crop November soybeans rose 2-1/2 cents to $11.52-3/4 amid expectations for export demand to increase as a result of production problems in ...

Markets - Commodities - Americas

CBOT wheat drops on profit-taking, accelerating harvest CHICAGO: Chicago Board of Trade soft red winter wheat futures fell 1.6 percent on Thursday, snapping a six-session streak of gains that took prices to seven-month highs a day earlier, traders said.K.C. hard red winter wheat futures and MGEX spring wheat futures also eased.Seasonal pressure from an accelerating winter wheat harvest weighed on prices, as growers continued to gather crops in southern portions of the US Plains and eastern Midwest.A stronger dollar, which makes US ...

Markets - Commodities - Americas

CBOT Trends-Soy flat to down 2 cents, corn down 4-5 cents, wheat down 4-7 cents CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday. NOTE: Thursday is the third day of the five-session period during which commodity index funds roll July positions forward. The US Department of Agriculture is set to release its monthly supply and demand report at midday on Friday. WHEAT - Down 4 cents to 7 cents ...

Markets - Commodities - Americas

Cuba 300,000 tonnes short of raw sugar goal as harvest ends HAVANA: The Cuban sugar industry has shut its last mill and tallied lower output at 1.6 million tonnes of raw sugar, sources close to the industry said this week, compared with 1.9 million tonnes in the previous harvest. AZCUBA, the state-run sugar monopoly, has remained mum on the harvest since April when it reported output was well behind schedule due mainly to unusually low cane yields. Just two of thirteen sugar-producing provinces reported meeting their ...

Markets - Commodities - Americas

US Cash Soymeal-Barge offers weak on futures spreads; demand light CHICAGO: Spot basis offers for soymeal weakened in the US barge export market on Thursday as dealers discounted their basis in efforts to entice buyers and take advantage of an inversion in futures spreads, traders said.Front-month July soymeal was trading at a roughly $5 per ton premium to August futures, and the dealers were seeking to sell soymeal against July futures before operators roll to the August contract. The spread between the contracts fell to ...