07242016Sun
Last update: Sun, 24 Jul 2016 05pm

Americas

Markets - Commodities - Americas

ICE cotton at 2-1/2-week low on weak export sales, strong dollar NEW YORK: Cotton futures fell for the sixth straight session on Thursday, hitting their lowest levels in 2-1/2 weeks as a stronger US dollar weighed on prices and a US export sales report suggested weak demand at the upper end of a prolonged tight trading range"The mills aren't willing to pay those levels so they're staying out of the market," said Bob Champion, a cotton merchant with Loeb & Company in Montgomery, Alabama.A weekly US government report showed US upland cotton export sales totaled 99,500 bales last week, up from the week before but below the prior four-week average and below market expectations.March cotton on ICE Futures US settled down 0.26 cent, or 0.4 percent, at 62.99 cents per lb, after falling as low as 62.87 cents a lb, the lowest level since Dec. 1.Total futures market volume rose to 15,728 contracts, up from 13,836 contracts in the prior session.The ...

Markets - Commodities - Americas

CBOT wheat ends firm on short-covering, rally in soy and corn CHICAGO: Chicago Board of Trade wheat futures settled higher on Thursday, climbing back from a two-week low in the March contract on short-covering and a rally in soybean futures, traders said.K.C. hard red winter wheat futures closed mixed while MGEX spring wheat firmed. MGEX July set a contract low before turning higher.CBOT wheat followed early declines in soybeans and corn after the new government of Argentina took steps to devalue its currency, a move that ...

Markets - Commodities - Americas

Soybeans bounce as Brazil dryness sparks short covering CHICAGO: US soybean futures rebounded from a 3-1/2-week low on Thursday and closed higher for the first time in three sessions on short covering sparked by concerns that dry weather in Brazil may clip soy production. Corn and wheat also clawed back earlier losses tied to Argentina's export-friendly move to let the peso trade freely and a sharp rise in the dollar following the first US rate rise in nearly a decade. Nearby corn futures ...

Markets - Commodities - Americas

Gold drops on dollar after first Fed rate rise in almost a decade NEW YORK/LONDON: Gold fell 2 percent in its biggest drop in five months on Thursday, flirting with a 2010 low as the dollar surged after the Federal Reserve increased US interest rates for the first time in nearly a decade and hinted at more increases in 2016. The US central bank raised the range of its benchmark interest rate by a quarter of a percentage point as expected, on Wednesday. The Fed's move initially sent ...

Markets - Commodities - Americas

Brazil cuts sugar output forecast for 2015/16 SAO PAULO: Brazil should produce 34.6 million tonnes of sugar in the 2015/16 crop season, less than the projection given in August of 37.3 million tonnes, government agency Conab said on Thursday.Sugar output in the main center-south cane belt is now expected to amount to 31.3 million tonnes, down from the 33.7 million tonnes previously envisaged, while forecast production in the Northeast region is expected to be down at 3.3 million tonnes from the 3.6 ...

Markets - Commodities - Americas

Brazil coffee crop seen up 3pc from Sept view SAO PAULO: Brazil's 2015/16 coffee harvest is estimated at a total 43.24 million 60-kg bags, up 2.7 percent from a September estimate, the government crop supply agency Conab said on Thursday in its fourth report on the world's largest grower.The crop is the smallest since 2009 and output will still be down 5 percent from the 2014/2015 season's 45.64 million bags due to the ongoing damage from two consecutive years of dryness over important growing ...

Markets - Commodities - Americas

CBOT soybeans fall to three-week low CHICAGO: US soybean futures fell on Wednesday as Argentina's decision to devalue its currency further weakened already dim prospects for US exports amid an ample global supply base, traders said.The benchmark Chicago Board of Trade January soybean futures contract fell for the third time in four sessions, sinking to a three-week low.Soymeal futures also closed lower, with the most actively traded January contract hitting a fresh low of $267.90 a ton. The front-month contract bottomed ...