01162017Mon
Last update: Mon, 16 Jan 2017 05pm

Americas

Markets - Commodities - Americas

Brazil corn prices fall amid imports, help poultry producers SAO PAULO: Corn prices in Brazil fell sharply in the fourth-quarter inter-harvest period, weakened by strong Mercosur imports, which have helped the country's poultry and pork industries as they struggle with high feed costs and weak margins. Local prices for the cereal have fallen 10 percent in the quarter that started in October to 37.59 reais ($11) per 60-kg bag, the lowest since January, according to the Esalq/BM&FBovespa index. Prices touched an all-time high in early June of 53.91 reais. Brazil's poultry export sector, the world's largest, had to scale back capacity by up to 15 percent earlier in 2016 due to record high corn prices brought on by rapid exports and a drop in output due to drought. Since 2012, local corn prices have surged between October and December due to seasonally tight supplies ahead of the harvest, which starts in January.Analysts say that strong tariff-free corn imports from ...

Markets - Commodities - Americas

Funds net buyers of CBOT soyoil and soybeans CHICAGO: Commodity funds were net buyers of Chicago Board of Trade soyoil and soybean futures contracts on Wednesday, and net sellers of wheat and soymeal, traders said.Trade estimates of net fund buying in soyoil ranged from 12,000 to 21,000 contracts. Estimates of fund activity in corn ranged from funds buying a net 5,000 contracts to selling a net 3,000 contracts.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

Coffee, sugar at multiweek lows as Brazil currency falls NEW YORK/LONDON: Arabica coffee futures on ICE fell to a six-week trough on Wednesday and raw sugar slid to the lowest since early September as the currency in top grower Brazil fell against the US dollar and funds further scaled back long positions. Cocoa prices were little changed.New York cocoa, arabica coffee and raw sugar markets will be shut on Thursday for the US Thanksgiving holiday but Europe-based white sugar, robusta coffee and London cocoa ...

Markets - Commodities - Americas

US Cash Soymeal-Barge bids weaken on dull demand; futures tumble CHICAGO: Soymeal basis bids eased by $1 to $2 per ton in the US barge market on Wednesday, pressured by lackluster export demand and cheaper supplies on offer out of Argentina, traders said.Basis offers were mostly unchanged in the US rail and truck markets, in slow trading ahead of Thursday's US Thanksgiving Day holiday. A soy processor in Frankfort, Indiana, rolled its truck offer to Chicago Board of Trade January futures from the December contract.CBOT ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 5-7 cents, corn down 3-4, soy down 7-9 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Wednesday. NOTE: US markets including CBOT grains will be closed on Thursday. Friday is the last trading day for CBOT December options. The US Federal Reserve is scheduled to release the minutes of its Nov. 1-2 policy meeting at 1 p.m. CST (1900 GMT). WHEAT - ...

Markets - Commodities - Americas

US Cash Soymeal-Basis flat on light pre-holiday trade  CHICAGO: Spot basis offers for US soymeal were unchanged on Tuesday in thin trading ahead of Thursday's US Thanksgiving Day holiday, dealers said.Many livestock and poultry producers have bought what they needed for the rest of the year, and the pace of new buying was likely to slow to a near-halt surrounding of the holiday.Chicago Board of Trade soymeal futures climbed to their highest levels in three weeks, further cooling demand. CBOT December soymeal futures ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 2-3 cents, corn and soybeans down 1-2 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Tuesday. NOTE: US markets including CBOT grains will be closed on Thursday. Friday is the last trading day for CBOT December options. WHEAT - Down 2 to 3 cents per bushel Profit-taking setback after a three-session climb. Market lacks fundamental news. Concerns about declining US wheat ...