06262016Sun
Last update: Sun, 26 Jun 2016 02pm

Americas

Markets - Commodities - Americas

CBOT soybeans to test support at $11.00-3/4 SINGAPORE: CBOT soybeans November contract is expected to test a support at $11.00-3/4 per bushel, a break below which could cause a loss to the next support at $10.89-1/2.These supports are identified respectively as the 61.8 percent and the 76.4 percent Fibonacci projection levels of a downward wave c, the third wave of a three-wave cycle from the June 13 high of $11.86-1/4.At its full capacity, its wave could travel to $10.71, the 100 percent Fibonacci projection level. The nearest target is $11.00-3/4, the 61.8 percent level. Resistance is at $11.19, the 38.2 percent level, a break above which could lead to a gain to the 23.6 percent level at $11.30-1/2.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

Brazil to take steps to assuage shortage of beans, corn SAO PAULO: The Brazilian government will cut taxes and scrap import controls on certain key staples to mitigate the impact of slowing production, senior officials said on Wednesday. Some of the steps include raising minimum corn prices and eliminating bean import limits from China and Mexico, Agriculture Minister Baliro Maggi said at a news conference in Brasilia.Prices for beans, one of Brazil's most consumed staples, have tripled this year in the wake of a production ...

Markets - Commodities - Americas

Canada seen easing wheat plantings, maintaining canola area WINNIPEG: Canadian farmers planted slightly less wheat for harvest this year than they did last year, and about the same area of canola, according to a Reuters survey of 13 traders and analysts.Statistics Canada will report on crop plantings on June 29, based on a farmer survey.Farmers are rotating canola plantings into their fields as often as possible due to favorable returns, and spring wheat prices looked less attractive prior to spring, said Lawrence Klusa, ...

Markets - Commodities - Americas

CBOT Trends-Wheat up 3-4 cents, corn down 1-3, soy down 2-4 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. NOTE: Friday is the last trading day for CBOT July options. WHEAT - Up 3 to 4 cents per bushel Higher on bargain-buying one day after the July contract fell to a one-month low.Setback in the dollar lends support, making US wheat more attractive on the ...

Markets - Commodities - Americas

NY cocoa to rise to $3,174 SINGAPORE: New York Sept. cocoa is expected to rise to $3,174 per tonne, as it has broken a resistance at $3,136. The resistance was provided by the 76.4 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle from the Jan. 28 low of $2,745.The next resistance is at $3,174, the 86.4 percent level, a break above which could lead to a gain to the 100 percent level at ...

Markets - Commodities - Americas

CBOT wheat sags, following corn; contract lows in K.C. market CHICAGO: Wheat futures on the Chicago Board of Trade fell to a one-month low on Tuesday, pressured by the ongoing US winter wheat harvest and spillover weakness from a sharp sell-off in corn, traders said.* CBOT July wheat settled down 14-1/2 cents at $4.58-1/2 per bushel after dipping to $4.57-1/4, its lowest since May 12.* K.C. hard red winter wheat and MGEX spring wheat futures also closed lower.* K.C. wheat futures fell to contract lows ...

Markets - Commodities - Americas

CBOT corn plunges nearly 6 pct on US crop prospects CHICAGO: Front-month corn futures on the Chicago Board of Trade tumbled nearly 6 percent on Tuesday, posting their biggest single-day decline in nearly three years, as improving US crop prospects triggered long liquidation, traders said.* CBOT July corn settled down its 25-cent daily limit at $4.21-1/4 per bushel. The daily limit will widen to 40 cents for Wednesday's trade, said the CME Group, parent of the CBOT.* Technical selling accelerated in the new-crop December contract ...