08272016Sat
Last update: Sat, 27 Aug 2016 04pm

Americas

Markets - Commodities - Americas

NY coffee may approach $1.18 again SINGAPORE: New York March coffee may approach a resistance at $1.1800 per lb again, as it has not completed a bounce from the Feb. 11 low of $1.1250.The bounce consists of three waves, so far, only two have unfolded. The third wave labelled c could be progressing towards $1.18, the 76.4 percent Fibonacci projection level of a downtrend from the Dec. 31 high of $1.2680, based on a drop from the Dec. 7 high of $1.2830 to the Dec. 21 low of $1.1680.Support will be at $1.1360, the 114.6 percent level, a break below which could cause a loss to the 123.6 percent level at $1.1260.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

NY cocoa remains neutral in $2,756-$2,834 range SINGAPORE: New York March cocoa remains neutral in a range of $2,756-$2,834 per tonne, only an escape could point a direction. The range is formed by the 86.4 percent and the 76.4 percent Fibonacci retracements on the uptrend from the Feb. 2, 2015 low of $2,650 to the Dec. 7, 2015 high of $3,429.A rise above $2,834 could be extended to $2,948, the 61.8 percent level, while a fall below $2,756 could confirm the continuation ...

Markets - Commodities - Americas

Raw sugar firms, whites at 4-1/2-month low after delivery NEW YORK/LONDON: Raw sugar futures firmed on Tuesday, buoyed by a larger-than-expected reduction in speculators' net long position, while the whites sank to a 4-1/2-month low after a large March delivery was viewed as bearish. New York cocoa edged down, pressured by a stronger dollar, while coffee prices were mixed. The US softs markets were closed on Monday for the Presidents Day holiday. In sugar, dealers said the loading of more than 200,000 tonnes in ...

Markets - Commodities - Americas

CBOT soybeans close firm on robust export data, Brazil woes CHICAGO: US soybean futures rose to their highest since Feb. 4 on Monday, supported by ideas that slow loadings of recently harvested crops in Brazil will boost export demand for US supplies, traders said.The US Department of Agriculture said early on Tuesday that soybean export inspections totaled 1.760 million tonnes in the week ended Feb. 11, up from 1.284 million tonnes a week earlier and topping forecasts that ranged from 1 million to 1.200 million ...

Markets - Commodities - Americas

CBOT wheat ends higher on short-covering CHICAGO: Wheat futures on the Chicago Board of Trade rose on Tuesday on technical buying and short-covering after last week's contract and multi-year lows, traders said.The US CFTC's supplemental commitments-of-traders report showed funds as of Feb. 9 held the second-largest net short position in CBOT wheat since 2006, leaving the market vulnerable to bouts of short-covering.Additional support in CBOT grains may have stemmed from strength in global equity markets, even as oil prices relinquished early ...

Markets - Commodities - Americas

CBOT corn jumps most in two weeks on short-covering CHICAGO: Chicago Board of Trade corn futures rose 1 percent on Tuesday, rebounding from a roughly one-month low on investor short-covering and technical buying, traders said.Prices also were buoyed by relatively broad buying across agricultural commodities as wheat, soybeans and cattle futures all climbed. Corn's daily gains were the largest since Jan. 29 and came after corn lost ground in seven out of the previous eight sessions.Corn had been under pressure from ample US and ...

Markets - Commodities - Americas

US gold coin investors join buying frenzy on steep price surge NEW YORK: Gold's biggest one-day price surge in more than seven years spurred a buying frenzy for U.S. bullion coins as small and large investors bet that volatile currencies and global economic concerns will lift its value even higher.The spurt of U.S. activity was in marked contrast to the lackluster response in Asia, the world's biggest precious metals market."Based on our normal volumes, yesterday we had about a 300-percent increase in our sales," said Eric ...