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Corn set for 5th weekly loss on supply pressure PARIS/SINGAPORE: Chicago corn futures edged lower on Friday to stay on course for a fifth consecutive weekly loss as expectations of record yields in this autumn's US harvest maintained a bearish mood in the market.Soybeans eased after rallying in the previous session on bigger-than-expected weekly exports and concerns about dry weather in parts of the US Midwest, while wheat was little changed, holding near contract lows in Chicago as harvest progress in the northern hemisphere kept a lid on prices.New-crop December corn has fallen 19 percent over the past five weeks. By 1245 GMT, it was down 0.8 percent to $3.66-1/2 a bushel, near a contract low of $3.64-1/4.September corn was down 0.8 percent at $3.58-3/4, close to Thursday's four-year low of $3.56-1/2 for a front-month 453.25price.Growing weather has been optimal for corn during the pollination phase, which is key for yields, and has led some forecasters to project a ...

NY cocoa to retest resistance at $3,227 SINGAPORE: New York September cocoa may retest a resistance at $3,227 per tonne, as it seems to have a found a support around $3,186. The support and the resistance are respectively at the 123.6 percent and the 161.8 percent Fibonacci projection levels of an upward wave c that developed from the July 16 low of $3,051. The drop from the July 24 high of $3,234 has been classified as a correction against the preceding uptrend. ...
Vietnam's July coffee exports dip 6.3 to 85,000 tonnes HANOI: Vietnam, the world's largest robusta producer, exported an estimated 85,000 tonnes (1.42 million bags) of coffee in July, 6.3 percent lower than a year ago, the government said on Friday, below market expectations. June coffee exports were revised down to 108,100 tonnes, from 110,000 tonnes in an earlier estimate, the General Statistics Office said in its monthly report. The estimated volume this month brought the country's shipment in the October 2013-July 2014 period to ...
Vietnam's Jan-July rice exports seen down at 3.86mn tonnes HANOI: Vietnam's rice exports in the first seven months of 2014 could fall 8.0 percent from a year ago to an estimated 3.86 million tonnes, the government said on Friday. Revenue from rice exports in the January-July period will fall 4.7 percent from a year ago to $1.75 billion, the Agriculture Ministry said in its monthly report. Vietnam, the world's second-largest rice exporter after India, has projected sales abroad this year to drop to 6.2 ...
Palm gives up gains as export demand falters KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday, reversing gains in the morning session to post their fourth straight weekly loss, as weaker-than-expected export data and jitters over rising global oilseed supply dragged.Palm oil prices had edged up to 2,294 ringgit in early trade as investors short-covered positions ahead of the long weekend. Malaysian markets will be closed on Monday and Tuesday for the Eid al-Fitr holiday.But dwindling demand for palm oil after ...
Tokyo futures rise 1.7pc on strong China data TOKYO: Benchmark Tokyo rubber futures ended up 1.7 percent on Thursday, getting support from firm Shanghai futures after a private survey showed upbeat Chinese manufacturing data.The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for December delivery rose 3.4 yen to settle at 205.0 yen ($2.02) per kg.The contract jumped as high as 205.7 yen, the highest since Friday.China's factory activity expanded at its fastest pace in 18 months in July as new orders ...
China's gold imports from Hong Kong drop to 17-month low in June SINGAPORE: China's net gold imports from main conduit Hong Kong fell to a 17-month low in June as a weaker yuan and adequate stocks curbed fresh purchases from the world's biggest bullion consumer.June net gold flows into China from Hong Kong slid to 40.543 tonnes from 52.606 tonnes in May, according to data e-mailed to Reuters by the Hong Kong Census and Statistics Department. In the year-ago period, net imports were 104.567 tonnes.The imports were ...


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