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Brazil 2015/16 soy crop seen record 100.6mn tonne SAO PAULO: Brazil's new soybean crop that is currently being planted is expected to produce a record 100.6 million tonne harvest in the first half of 2016, up from the 96.2 million tonnes harvested in early 2015, local analyst Agroconsult said on Wednesday. The analyst said planting of the new crop had reached 14 percent of the forecast area by the first half of October, up from 11 percent this time last year. Planting is expected to accelerate in the coming weeks as rains are forecast to turn more frequent as Brazil moves into its rainy season, the analyst said in its first forecast of the new crop. Copyright Reuters, 2015 ...

CBOT soybeans close higher on soyoil rally CHICAGO: US soybean futures rose 1.1 percent on Wednesday, led by a rally in soyoil prices as well as good export demand, traders said.Chicago Board of Trade soyoil futures jumped 2.0 percent to their highest since Aug. 13 after the US Agriculture Department announced two export deals totaling 40,000 tonnes for 2015/16 delivery.Soymeal futures also rose, snapping a streak of five straight lower closes, on spillover strength from the gains in soybeans and soyoil.CBOT December ...
CBOT corn ends higher on cash market strength CHICAGO: Chicago Board of Trade corn futures rose to a one-week high on Wednesday, following gains in soybeans amid strength in the cash market, grain dealers said.Cash market dealers were firming spot bids to entice farmers to sell newly harvested grain to processors and elevators instead of locking it in storage bins.Traders said bargain buying also lent support to prices following the benchmark CBOT December corn contract drop to its lowest since Sept. 11 on ...
NY sugar may drop to 13.85 cents SINGAPORE: New York March sugar may drop to a support at 13.85 cents per lb, as it has broken a higher support at 14.11 cents.These supports are identified respectively as the 186.4 percent and the 207 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle from the Aug. 24, 2015 low of 11.28 cents.A fall to 13.85 cents could confirm a bearish wedge and a top at the ...
NY coffee may bounce to $1.2605 SINGAPORE: New York December coffee may rebound to $1.2605 per lb, as it has stabilised around a support at $1.2335.The support is identified as the 61.8 percent Fibonacci retracement on the rise from the Sept. 24 low of $1.1455 to the Oct. 12 high of $1.3760. It has caused a bounce towards the 50 percent level at $1.2605.This bounce could extend to $1.2880, the 38.2 percent level, should coffee stand firm above $1.2605. A break ...
Canadian miner to launch major copper project in DR Congo KINSHASA: Despite tumbling commodity prices, Canada's Ivanhoe Mines says copper production at a new giant deposit in the Democratic Republic of Congo should start in 2018, as it eyes a future deficit in the market and rising global demand.The discovery at Kamoa in the southeast of the vast mineral-rich country has been presented as one of the biggest finds in copper mining in many years, though DR Congo is already Africa's top copper producer and ...
El Salvador coffee exports rise 20pc in 2014/15 season SAN SALVADOR: Coffee exports in El Salvador jumped 20 percent in the 2014/15 season compared to a year earlier, the national coffee council CSC said on Tuesday, as the crop recovers from the tree-killing fungus roya. El Salvador shipped 597,683 60-kg bags in the 2014/2015 season, compared to 499,020 60-kg bags in the previous season. In September, the Central American country exported 11,475 60-kg bags, an increase of 22 percent from the year-earlier period. Copyright ...


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