01182017Wed
Last update: Wed, 18 Jan 2017 10am

Americas

Markets - Commodities - Americas

Soybeans rise on S. American crop questions; wheat, corn ease CHICAGO: Chicago Board of Trade soybean futures firmed on Tuesday, recovering from weakness in overnight trading on technical buying amid lingering concerns about weather in key South American growing regions. Corn and wheat futures eased as traders staked out positions ahead of the release of key US Agriculture Department supply and demand reports on Thursday. "I call this noise," said Ag Watch Market Advisors President Dewey Strickler. "It is an evening of positions going into the report." Traders said the weather in Brazil and Argentina remained at the forefront of the market, particularly after crop shortfalls from both major exporters in 2016. "While the weather looks a little better, we need drier weather in parts of Argentina, and we need more rain in parts of Brazil," said Greg Grow, director of agribusiness for Archer Financial Services in Chicago. "Everybody remembers what happened last year." At 10:42 a.m. CST (1642 GMT), ...

Markets - Commodities - Americas

Soy rises on Argentine rains; wheat firms near 3-month high CHICAGO: US soybean futures firmed on Monday, supported by some concerns about rain in parts of Argentina curtailing crop production from the world's third largest exporter of the oilseed, traders said. Wheat futures edged higher, with traders noting consolidation trade after prices firmed to their highest in nearly three months during the overnight trading session. Corn futures were slightly lower. Moves in all three commodities were muted as traders were reluctant to place aggressive bets ...

Markets - Commodities - Americas

CBOT Trends-Soy down 6-8 cents, wheat down 1-2, corn steady-down 1 CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday. WHEAT - Down 1 to 2 cents per bushel Wheat and corn turned lower ahead of the break in trade, pressured by disappointing weekly export sales data for grains and especially soy. Wheat prices underpinned by dry conditions in parts of the southern Plains ...

Markets - Commodities - Americas

CBOT corn may revisit Dec. 13 high of $3.64-3/4 SINGAPORE: CBOT March corn may break a resistance at $3.62 per bushel and rise towards the Dec. 13, 2016 high of $3.64-3/4, driven by a wave c.The resistances is provided by the 86.4 percent Fibonacci retracement on the downtrend from $3.64-3/4 to the Dec. 23, 2016 low of $3.45-1/2. Wave pattern indicates that corn is riding on a wave c, the third wave of a three-wave cycle from the Dec. 1, 2016 low of $3.41-3/4.A ...

Markets - Commodities - Americas

CBOT wheat may rise into $4.31 to $4.33-1/4 range SINGAPORE: CBOT March wheat may rise more into the range of $4.31 to $4.33-1/4 per bushel, as it has broken a resistance at $4.25-1/2.The resistance was provided by the 61.8 percent Fibonacci retracement of the drop from the Oct. 14, 2016 high of $4.45-3/4 to the Dec. 1, 2016 low of $3.93. Based on this retracement analysis, wheat may gain more to $4.33-1/4.However, the rally seems to be controlled also by a set of Fibonacci ...

Markets - Commodities - Americas

Wheat rises near six-week high; corn extends winning streak CHICAGO: US wheat futures rose to their highest in nearly six weeks on Thursday on a round of short-covering after weakening overnight, traders said. Corn also firmed, with strength in wheat lending support to the yellow grain while soybeans eased on a round of profit taking. Wheat was on track for its fourth day of gains in five sessions, a rally that has been fuelled by speculative buying despite a glut of supplies both globally ...

Markets - Commodities - Americas

US Cash Soymeal-Basis offers hit 4-year lows in Indiana, Minnesota CHICAGO: Spot basis offers for soymeal extended losses in some US truck markets on Thursday, weighed down by ample supplies and relatively lackluster demand for the animal feed, dealers said.The basis declined by $2 per ton at a processor in Decatur, Indiana. The $3 premium to Chicago Board of Trade March soymeal futures was the lowest basis for the processor since May 2012. Offers also eased by $1 in Minnesota, with the basis there also ...