06292016Wed
Last update: Wed, 29 Jun 2016 12pm

Americas

Markets - Commodities - Americas

CBOT soybeans rise on new-crop strength CHICAGO: US soybean futures closed firmer on Tuesday, led higher by gains in deferred contract months amid uncertainty about the recently seeded US crop, traders said.The benchmark Chicago Board of Trade July soybean futures contract traded in negative territory for much of the day, but found support near the weekly low of $11.27-1/4 and edged into positive territory.New-crop November soybeans, which track the crop that will be harvested this fall, rose 1.1 percent. Concerns that a La Ni?a weather pattern will bring dryness to the US Midwest just as the soy crop is entering key phases of development this summer fueled buying.Expectations that the US Department of Agriculture will trim its supply view in a monthly report on Friday also supported the market.Resistance was noted at the near two-year highs the most-active contract hit on Friday.Soymeal futures were mixed for the second day in a row.The spot July soymeal contract ...

Markets - Commodities - Americas

CBOT corn closes slightly higher on wheat, soy gains  CHICAGO: Chicago Board of Trade corn futures firmed on Tuesday on strength in the wheat and soy market, traders said.The most-actively traded contract briefly hit its highest since July 20, 2015 but closed just below that peak.Technical resistance for the benchmark July contract noted at the high end of its 20-day Bollinger range, a level it has not closed above since Sept. 14, 2015.Traders said expectations of rising export demand for US supplies due to ...

Markets - Commodities - Americas

European feeds-Front soymeal down with CBOT on technical selling ROTTERDAM: Soymeal on the European meals and feeds market eased on the front positions on Tuesday due to technical selling in Chicago, while more deferred contracts were still supported by uncertainty about South American soy supplies."Nearby material eased on some profit taking, but it did not generate much buying interest as most buyers still believe the market is overbought and should come down," one broker said. South American soymeal was mostly quoted between $2 and ...

Markets - Commodities - Americas

US Cash Grains-Corn, Soybean basis bids generally steady to weak CHICAGO: Spot corn and soybean basis bids around the US Midwest on Tuesday were mostly steady to down slightly, reflecting modest farmer sales after futures prices for both retreated from Monday's highs, dealers said.Chicago Board of Trade corn and soybeans eased from recent multimonth highs, pressured by profit-taking and consolidation ahead of the US Department of Agriculture's monthly supply and demand reports on Friday.Analysts look for the USDA report to show reduced US corn and ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 2-4 cents, corn down 1-2, soybeans up 4-8 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 Tuesday. WHEAT - Down 2 to 4 cents per bushel Lower on technical selling and profit-taking after a four-session climb lifted CBOT July wheat to a six-week high on Monday at $5.14-3/4 a bushel, above the contract's top Bollinger band. Seasonal pressure noted from the start of ...

Markets - Commodities - Americas

US soy plantings seen 85pc complete, corn ratings steady CHICAGO: The US Department of Agriculture's weekly crop progress report is expected to show US soybean planting as 85 percent complete as of June 5, according to the average estimate of 10 analysts polled by Reuters.The estimates ranged from 82 percent to 88 percent planted. The government is scheduled to release its next update at 3:00 p.m. CDT (2000 GMT) on Monday.The average estimate of corn planting progress was 97 percent, with estimates ranging from ...

Markets - Commodities - Americas

Abundant Ivory Coast rains expected to improve cocoa crop ABIDJAN: Abundant rain mixed with sunshine last week in most of Ivory Coast's main cocoa growing regions will help the April to September mid-crop finish strongly, although farmers in some areas feared humidity could cause diseases. Ivory Coast, the world's top cocoa producer, is in its rainy season, with heavy downpours expected to continue until the end of June. A long dry season this year has lowered expectations of the mid-crop. Farmers said there was ...