07012016Fri
Last update: Fri, 01 Jul 2016 07am

Americas

Markets - Commodities - Americas

Raw sugar turns lower on expectations for India exports NEW YORK/LONDON: Raw sugar futures on ICE turned lower, but remained near 10-month highs on Wednesday, pressured by technical resistance as well as expectations for a possible rise in exports from India, the world's second biggest grower.Coffee futures ignored the rallying U.S. dollar and inched higher, with the robusta market rebounding further from Tuesday's contract low. Cocoa prices were mixed in consolidative dealings after falling from 4-1/2-year highs reached in late November.ICE March raw sugar futures settled down 0.1 cent, or 0.7 percent, at 15.34 cents per lb, not far from the 10-month high of 15.78 cents per lb touched on Nov. 24."The market is breaking a bit on speculation about the India (sugar exports)," a European broker said, adding that market watchers are a bit "skeptical" until more details are announced.One U.S. broker said that 16 cents was seen as a level of resistance.ICE March white sugar futures settled ...

Markets - Commodities - Americas

US wheat falls to 5-1/2 year low on rising dollar CHICAGO: US grains fell on Wednesday, with wheat prices hitting the lowest levels since June 2010 as a rising dollar made the cereals less attractive in global markets, traders said.However, prices trimmed earlier losses and trading ranges overall were narrow as the recent downturn in futures sparked light speculative buying and bargain hunting. Soybean futures were slightly higher, hovering near a roughly one-month high.Chicago Board of Trade front-month December wheat was down 2-3/4 cents at ...

Markets - Commodities - Americas

NY sugar to revisit Nov. 24 high of 15.78 cents SINGAPORE: New York March sugar is expected to revisit its Nov. 24 high of 15.78 cents per lb, as its uptrend from the Aug. 24, low of 11.28 cents could have extended.The trend is developing within a rising channel, the upper channel line of which indicates a target at 16.20 cents. A more realistic target could be 15.78 cents.Sugar could be making its final surge, which is driven by a wave 5, the final wave ...

Markets - Commodities - Americas

Soybeans hit one-month high on bargain-hunting in soymeal CHICAGO: US soybean futures climbed to a one-month high on Tuesday, supported by bargain buying in soymeal and concerns that a slowing US soy crushing pace might tighten supplies of the animal feed ingredient, analysts said.Wheat futures on the Chicago Board of Trade fell to contract lows on technical selling and poor export demand for US supplies, while corn closed higher after a choppy session.At the CBOT, soybeans for January delivery settled up 8-1/4 cents ...

Markets - Commodities - Americas

Soybeans hit one-month high on bargain hunting in soymeal CHICAGO: US soybean futures climbed to a one-month high on Tuesday, led by the soymeal market on bargain buying and concerns that a slowing US soy crushing pace might tighten supplies of the animal feed ingredient, analysts said.Corn futures on the Chicago Board of Trade drifted lower, erasing early gains, while nearby wheat futures fell to contract lows on technical selling and poor export demand for US supplies.At the CBOT as of 12:05 p.m. CST ...

Markets - Commodities - Americas

Brazil coffee, corn, sugar exports ease but still strong SAO PAULO: November shipments of Brazilian coffee, corn and sugar eased slightly compared with October but remained firm compared with a year ago as the weak real kept commodities exports competitive abroad, Trade Ministry data showed Tuesday.Several days of rain at the key southern ports of Santos and Paranagua slowed loading of bulk commodities such as corn and sugar but exports were still well up for both crops from last year in November, traders said."Brazil ...

Markets - Commodities - Americas

Sugar jumps on short-covering with more rain headed for Brazil NEW YORK/LONDON: Raw sugar futures on ICE surged more than 3 percent on Tuesday, taking back much of the prior week's losses in a flurry of short-covering as the currency in top grower Brazil firmed and rain in the country's main cane region hindered harvest.Cocoa futures were little changed, hovering below 4-1/2-year highs reached last month, while arabica quietly extended losses after Monday's 3.4 percent tumble with rains in Brazil expected to improve the outlook ...