07242016Sun
Last update: Sun, 24 Jul 2016 01pm

Americas

Markets - Commodities - Americas

CBOT wheat sags, following corn; contract lows in K.C. market CHICAGO: Wheat futures on the Chicago Board of Trade fell to a one-month low on Tuesday, pressured by the ongoing US winter wheat harvest and spillover weakness from a sharp sell-off in corn, traders said.* CBOT July wheat settled down 14-1/2 cents at $4.58-1/2 per bushel after dipping to $4.57-1/4, its lowest since May 12.* K.C. hard red winter wheat and MGEX spring wheat futures also closed lower.* K.C. wheat futures fell to contract lows in most months.* The USDA late Monday said the winter wheat harvest was 25 percent complete, behind the five-year average of 28 percent but ahead of an average of analyst expectations for 23 percent.* The USDA also rated 76 percent of the US spring wheat crop as good to excellent, down from 79 percent the previous week. Analysts surveyed by Reuters had expected no change.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

CBOT corn plunges nearly 6 pct on US crop prospects CHICAGO: Front-month corn futures on the Chicago Board of Trade tumbled nearly 6 percent on Tuesday, posting their biggest single-day decline in nearly three years, as improving US crop prospects triggered long liquidation, traders said.* CBOT July corn settled down its 25-cent daily limit at $4.21-1/4 per bushel. The daily limit will widen to 40 cents for Wednesday's trade, said the CME Group, parent of the CBOT.* Technical selling accelerated in the new-crop December contract ...

Markets - Commodities - Americas

EU wheat prices dragged down by losses in Chicago LONDON: European wheat prices fell on Tuesday, weighed down by a sharp decline in Chicago grain futures, while there was also increasing concern about potential quality problems with this year's French and German crops following heavy rains. "There is worry in the market that the rain almost every day could mean the new crop has lower protein levels than hoped, but there are still no concrete signs of actual damage yet," one German trader said.September ...

Markets - Commodities - Americas

Corn drops below $4 as US weather outlook improves CHICAGO: US corn futures fell below $4 a bushel on Tuesday for the first time in nearly a month as forecasts for less-threatening weather in the Midwest prompted funds to liquidate long positions, traders said.Soybeans and wheat followed corn's lead. K.C. hard red winter wheat futures hit contract lows.At 11:49 a.m. CDT (1649 GMT) at the Chicago Board of Trade, the July corn contract was down 22 cents at $3.99-1/4 a bushel after falling to ...

Markets - Commodities - Americas

CBOT soybeans neutral in $11.26-1/2 to $11.38 range SINGAPORE: CBOT soybeans November contract looks neutral in a range of $11.26-1/2 to $11.38 per bushel, and an escape will point a direction.For a chart: http://tmsnrt.rs/28K0kvGThe range is formed by the 23.6 percent and the 38.2 percent Fibonacci retracements on the fall from the June 13 high of $11.86-1/4 to the June 16 low of $11.08-1/4.A break below $11.26-1/2 could cause a loss to the 14.6 percent level at $11.19-1/2, while a break above $11.38 ...

Markets - Commodities - Americas

CBOT corn may fall into $4.02-1/2 to $4.10-3/4 range SINGAPORE: CBOT July corn may fall into a range of $4.02-1/2 to $4.10-3/4 per bushel, as suggested by a triple-top.The consolidation within the range of $4.24-$4.37 finally turned out to be a triple-top, which has been confirmed, as its neckline at $4.20 was broken. It suggests a target at $4.02-1/2, the 61.8 percent Fibonacci projection level of an upward wave C, which is third wave of a three-wave cycle from the April 1 low of ...

Markets - Commodities - Americas

CBOT wheat biased to fall to $4.64 SINGAPORE: CBOT July wheat is biased to fall below a neutral range of $4.71-$4.81 per bushel, and then extend its loss to $4.64.For a chart: (http://tmsnrt.rs/28K5XKd)The range is formed by the 76.4 percent and the 61.8 percent Fibonacci retracements on the rise from the May 9 low of $4.54-3/4 to the June 8 high of $5.24.Wave pattern suggests the downtrend from $5.24 has not completed, with the final wave labelled 5 unfolding towards the 86.4 ...