06012016Wed
Last update: Wed, 01 Jun 2016 12am

Americas

Markets - Commodities - Americas

CBOT wheat may retrace slightly to $4.75-3/4 SINGAPORE: CBOT July wheat may retrace slightly to a support at $4.75-3/4 per bushel, as it failed to break a resistance at $4.84.The support and the resistance are identified respectively as the 61.8 percent and the 50 percent Fibonacci retracements on the rise from the March 2 low of $4.49-1/2 to the April 21 high of $5.18-1/2.Wheat failed to break the resistance on May 15 and retraced deeply thereafter. This time, the retracement could be much shallower, probably limited to $4.75-3/4. A break above $4.84 could open the way towards the 38.2 percent level at $4.92.Copyright Reuters, 2016 ...

Markets - Commodities - Americas

NY sugar targets 17.81 cents SINGAPORE: New York July sugar may break a resistance at 17.61 cents per lb and rise to 17.81 cents, as indicated by a Fibonacci projection analysis and its wave pattern.The resistance is provided by the 86.4 percent Fibonacci projection level of a presumed wave C, the third wave of a three-wave cycle from the May 9 low of 15.55 cents. This wave is capable of traveling to 17.81 cents, the 100 percent level. A rise ...

Markets - Commodities - Americas

Chile's copper output drops in April due to heavy rains SANTIAGO: Copper output in world No. 1 producer Chile fell in April as some mines in the central part of the country were hit by heavy rains and ore grades continued to decline, the government said on Monday. Chile, which produces one-third of the world's copper, is struggling with dwindling ore grades in many of its aging deposits at a time when mining companies are implementing cost-cutting measures to address a steep drop in metals ...

Markets - Commodities - Americas

US Cash Grains-Bids mostly steady in light pre-holiday trading CHICAGO: Spot basis bids for corn and soybeans held mostly steady around the US Midwest on Friday, supported by minimal farmer selling and good end-user demand ahead of the three-day weekend surrounding Monday's US Memorial Day holiday, dealers said. Farmers sold small amounts of corn after futures reached a 10-month high, pushing cash prices above the target of $4 per bushel in some areas. Corn basis bids declined by 2 cents per bushel at a ...

Markets - Commodities - Americas

CBOT Trends-Wheat and corn steady-down 1 cent, soybeans mixed 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 Friday. NOTE: US markets including the CBOT will be closed on Monday for the Memorial Day holiday. CBOT trade resumes Monday at 7 p.m. CDT (0000 GMT).WHEAT - Steady to down 1 cent per bushel Light profit-taking setback after Thursday's 3 percent climb, with a stronger US ...

Markets - Commodities - Americas

CBOT corn climbs to 10-month high ahead of US holiday weekend CHICAGO: Chicago Board of Trade corn futures set a 10-month high on Friday, rising more than 1 percent on strong export demand for US supplies and position-squaring ahead of the three-day holiday weekend, traders said.CBOT July corn settled up 4-1/2 cents at $4.12-3/4 per bushel after reaching $4.13-1/2, the highest spot price on a continuous chart since July 2015.For the week, July corn rose 18-1/4 cents, or 4.6 percent, its third straight weekly advance.The USDA ...

Markets - Commodities - Americas

CBOT soybeans up on position-squaring ahead of long US weekend CHICAGO: Chicago Board of Trade soybean futures rose on Friday on short-covering and position squaring ahead of a long US holiday weekend, but declines in soymeal futures muted the market's advance, traders said.The CBOT spot soybean contract settled up 6-3/4 cents at $10.86-1/2 per bushel, staying below a 20-month high established on Thursday at $10.98.CBOT spot soymeal ended down $7 at $402.60 per short ton on profit-taking one day after setting a 20-month top.CBOT soyoil ...