09282016Wed
Last update: Wed, 28 Sep 2016 06am

Americas

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 futures from the September contract.His bid went to $14 per ton under October futures from $19 under September; with the spread between the contracts at $3.80, the $5 hike in basis resulted in a small jump in the flat price.No deliveries were posted against CBOT September futures on first notice day, the CME Group said late on Tuesday. sCopyright Reuters, 2016 ...

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 ...

Markets - Commodities - Americas

US Cash Grains-Corn, soybean basis bids steady to lower CHICAGO: Spot basis bids at elevators and processors around the Midwest on Monday were steady to weaker in anticipation of strong US crop prospects, grain merchandiserssaid.Last Friday Pro Farmer, a farm advisory service, projected US 2016 corn production at a record-high 14.728 billion bushels, with a yield of 170.2 bushels per acre.They projected the US 2016 soybean harvest at a record 4.09 billion bushels, with a yield of 49.3 bushels per acre.Chicago Board of Trade ...

Markets - Commodities - Americas

US Cash Soymeal-Rail offers steady to firm on tight seasonal supply CHICAGO: Soymeal cash basis offers were slightly higher in the US rail market on Monday and mostly unchanged in the truck and export markets as supplies continued to tighten ahead of the approaching soybean harvest, dealers said.Downtime for maintenance ahead of the harvest further limited soymeal supplies. However, demand also was limited as buyers delayed larger orders on expectations for cheaper supplies as farmers were likely to begin gathering a near record-large crop within weeks.As ...

Markets - Commodities - Americas

Brazil corn export drop raises fertilizer delivery costs SAO PAULO: A sharp drop in Brazil's corn output in 2015/16 that reduced the flow of the grain from farmlands to ports has pushed up freight costs on the return trip for fertilizer, the chief executive officer of Fertilizantes Heringer said on Monday. The reduced flow of trucks carrying corn to Brazil's southern ports has pushed up the cost of getting fertilizer to farms in the interior of Brazil, said Dalton Carlos Heringer, CEO of ...

Markets - Commodities - Americas

US corn, soybean condition ratings seen unchanged CHICAGO: The US Department of Agriculture will likely show no change in weekly condition ratings for corn and soybeans, according to a Reuters poll of 10 analysts on Monday.The USDA in its weekly crop progress and conditions report due at 3 p.m. CDT (2000 GMT) is expected to show corn ratings at 75 percent good to excellent and soybeans at 72 percent good to excellent, according to the average of analyst estimates.The spring wheat harvest ...

Markets - Commodities - Americas

US cocoa drops 3 percent after data; coffee, sugar firm NEW YORK: US cocoa futures on ICE fell 3 percent on Monday, sharply extending losses below a key technical level and pressured by a report that showed the recent rally had been fueled by heavy short-covering. Arabica coffee and raw sugar futures were quietly higher. The London softs markets were closed for a British public holiday, and the New York markets traded in an abbreviated session. December New York cocoa settled down $90, or 3 ...