08262016Fri
Last update: Fri, 26 Aug 2016 01am

Americas

Markets - Commodities - Americas

US corn, soy condition ratings seen unchanged CHICAGO: The US Department of Agriculture will likely keep corn and soybean crop condition ratings unchanged after recent rains benefited dry fields in the eastern half of the Midwestern crop belt, according to a Reuters poll of analysts on Monday.Relatively widespread precipitation fell in the eastern Midwest states such as Indiana and Ohio, helping to mitigate rainfall deficits in parched areas and aiding corn kernel and soybean pod fill, the analysts said.However, some analysts predicted lower corn and soybean crop ratings as field conditions typically decline seasonally in the hottest days of the summer and as the earliest-planted fields reach maturity.The weekly crop progress and conditions report, due at 3 p.m. CDT (2000 GMT), will follow Friday's USDA's monthly supply and demand report that predicted record-large corn and soybean yields, based in part on historically high condition ratings.Analysts on average estimated corn ratings at 74 percent good to excellent, unchanged ...

Markets - Commodities - Americas

Sugar, coffee prices climb as Brazil currency firms NEW YORK/LONDON: Raw sugar futures rose on Monday while arabica coffee firmed slightly, boosted partly by renewed strength in Brazil's real currency that could potentially slow producer selling in the world's top grower of both commodities.Dealers said short-term sugar supplies, however, continued to be boosted by a strong pace of crushing in the key center-south region of Brazil.Industry group Unica on Monday said the cumulative crush in Brazil's center-south region was running 13 percent above ...

Markets - Commodities - Americas

NY cocoa neutral in $2,958-$3,047 range SINGAPORE: New York September cocoa looks neutral in a range of $2,958-$3,047 per tonne, and an escape will indicate a direction. The range is formed by the 38.2 percent and the 61.8 percent Fibonacci retracements on the downtrend from the June 23 high of $3,190 to the July 29 low of $2,815.A break above $3,047 could lead to a gain to $3,102, the 76.4 percent level, while a break below $2,958 could cause a loss ...

Markets - Commodities - Americas

US Cash Soymeal-Offers hold on lackluster demand, weak crush CHICAGO: Soymeal spot basis offers held steady in the United States on Thursday as soybean crushing margins and demand for soymeal both were lackluster, dealers said.Buying from livestock and poultry producers remained mostly hand-to-mouth, with end users eying a potentially record-large US soybean harvest, and possibly lower soymeal prices, in the coming weeks.Soymeal prices still were trading near the lowest levels in years and some buyers were taking advantage.The US Department of Agriculture said Mexico ...

Markets - Commodities - Americas

US Cash Soymeal-Basis offers flat, demand limited CHICAGO: Spot basis offers for US soymeal were mostly unchanged on Wednesday as buyers largely remained on the sidelines amid expectations of a bumper US soybean harvest and subsequent lower prices for soymeal, dealers said.Soymeal basis offers that increased in the Iowa truck market earlier this week held steady while processors also left their bids to buy soybeans unchanged. Crushing supplies were tightened ahead of the autumn harvest, but buyers did not want to overextend ...

Markets - Commodities - Americas

US Cash Grains-Corn bids ease on river after CIF declines; soy flat CHICAGO: Corn spot basis bids were mostly lower at US Midwest river terminals on Wednesday, pressured by recent declines in bids for grain barges after heavy rains along the US Gulf Coast, grain merchants said.The rainfall this week slowed or halted loadings of ocean vessels at Gulf export terminals, reducing demand and weighing on prices for supplies shipped from the Midwest. The corn basis declined by 6 cents at a elevator along the lower Ohio ...

Markets - Commodities - Americas

Argentina needs more soy to fill crusher capacity BUENOS AIRES: Argentine soybean crushers are working at only about 80 percent capacity, the head of the grains export chamber said, as farmers have not yet increased production despite more farm-friendly policies from the new government. President Mauricio Macri ended years of tension between the farm sector and the state when he took office in December. Spurred by tax cuts and Macri's open market policies, wheat and corn planting has increased. It remains to be ...