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Last update: Sat, 03 Dec 2016 10pm

Americas

Markets - Commodities - Americas

CBOT corn falls to 3-week low on harvest, fund selling CHICAGO: Chicago Board of Trade corn futures declined for the fourth straight session on Wednesday, pressured by the ongoing US harvest and investment fund selling, traders said.Prices slumped to session lows ahead of the US Federal Reserve statement that was released just before the close of corn trading. The Fed announced it was leaving the target interest rate unchanged, a move that weighed on the dollar and helped lift corn from their earlier lows.Corn finished about 0.6 percent lower and declined to the lowest level since Oct. 13.Investment funds were buying back short positions and liquidating longs amid uncertainty ahead of the Tuesday's US presidential election and the US Department of Agriculture's monthly supply and demand report due in a week.Commodity brokerage INTL FCStone late on Tuesday raised its forecast of the US 2016 corn yield to 175.3 bushels per acre, from 175.2 in October. The firm forecast US corn ...

Markets - Commodities - Americas

ICE Canada canola futures rise on technical buying WINNIPEG: ICE Canada canola futures rose on Wednesday, supported by technical buying and possible export demand. The market's strength compared to oilseed rival soybeans suggests exporters may have made fresh sales after the previous day's steep decline, a trader said. Wet conditions have delayed harvesting in Saskatchewan and Alberta, underpinning the market. January canola gained $2.40 at $515.80 per tonne. ICE reported 271 deliveries of November canola. The contract expires Nov. 14. January-March canola spread ...

Markets - Commodities - Americas

CBOT soybeans end down on technical selling, big US crop CHICAGO: Chicago Board of Trade soybean futures fell on Wednesday on technical selling and fears that the US Department of Agriculture might raise its already record-large US soy crop estimate in a monthly crop report next week, traders said.The benchmark January soybean contract settled down 6-3/4 cents at $9.86-1/2 a bushel, just above its 200-day moving average near $9.86.Commodity brokerage INTL FCStone late on Tuesday raised its estimate of the average US 2016 soybean yield ...

Markets - Commodities - Americas

CBOT wheat ends higher on short-covering CHICAGO: Chicago Board of Trade wheat futures closed higher on Wednesday on technical buying, including short-covering amid a lack of significant news, traders said.CBOT December wheat settled up 3-1/2 cents at $4.17-3/4 per bushel after reaching $4.20-1/4, its highest since Oct. 20.K.C. December hard red winter wheat settled up 1-3/4 cents at $4.15-1/2 a bushel and MGEX December spring wheat ended down 2-1/4 cents at $5.17-1/4.Commodity funds maintain a large net short position in CBOT ...

Markets - Commodities - Americas

Gold above $1,300/oz on US election fears, Fed holds rates NEW YORK/LONDON: Gold rallied to a one-month high on Wednesday, as uncertainty over the outcome of the US election knocked stocks and the dollar lower, but bullion pared gains slightly after the Federal Reserve held interest rates steady as expected.Following a two-day meeting, the Fed signaled it could hike rates in December as the economy gathers momentum and inflation picks up. Two policymakers dissented in the decision in favor of an immediate hike, down from ...

Markets - Commodities - Americas

CBOT Trends-Wheat up 1-2 cents, corn and soy steady to up 1 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: The US Federal Reserve is scheduled to release a decision on interest rates at 1 p.m. CDT (1800 GMT), at the conclusion of a two-day meeting. WHEAT - Up 1 to 2 cents per bushel Firm in rangebound trade, underpinned by dry conditions in ...

Markets - Commodities - Americas

US Cash Soymeal-Export offers weak after futures rally CHICAGO: Soymeal export premiums declined by about $2 per ton at the US Gulf Coast on Friday, pressured by recent gains in futures and a slower pace of international sales, dealers said.Premiums for prompt shipments of US soymeal at the Gulf eased to $16 per ton over Chicago Board of Trade soymeal futures , the smallest in roughly five months.CBOT December soymeal futures hit a two-month high of $328.80 per ton on Thursday and nearly ...