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Thursday, 21 March 2013 09:35
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SYDNEY: US soybeans hit a one-week high on Thursday, extending gains for a second session, as expectations of increased demand for US beans amid logistical concerns in Brazil supported the oilseed.Corn fell for the first time in six sessions as traders banked profits after the grain hit a six-week high on Wednesday, while wheat also eased on on profit-taking.Chicago Board of Trade May soybeans rose 0.74 percent to $14.30-1/4 by 0324 GMT a bushel, the highest since March 15. Soybeans closed up 0.92 percent in the previous session."I think beans are continuing the move from last night," said Garry Booth, Manager, agricultural and soft commodities, ICAP."Funds are active again, and the market bounced well off long-term support. Add to this, the continuing talk of the difficulty in securing bean supplies out of South America, and the demand which has turned back to the US, where domestic prices remain very tight, ...
SYDNEY: US corn slipped for the first time in four sessions on Tuesday as profit taking emerged after gains underpinned by the US government forecasting stocks would remain unchanged at a 17-year low.FUNDAMENTALSChicago Board Of Trade May corn fell 0.18 percent to $7.10 a bushel, having gained 1.1 percent in the previous session.May soybeans rose 0.07 percent to $14.78-1/2 a bushel, having firmed 0.58 percent on Monday.May wheat was flat at $7.00 a bushel, having ...
HANOI: Robusta prices on Vietnam's domestic market have gained more than 2 percent since last week to 43,000-44,500 dong ($2.05-$2.12) per kg on Tuesday, the highest in more than nine months, as concerns over dry weather tightened supply, traders said.Coffee exports from Vietnam, the world's top robusta producer, could rise to 130,000-150,000 tonnes (2.17 million to 2.5 million 60-kg bags) in March, from an estimated 100,000 tonnes shipped in the holiday-shortened February, traders said.Domestic prices ...
SINGAPORE: London copper held steady on Monday, above a three-month low hit the session before as traders snapped up bargains ahead of seasonal second-quarter strength, but worries about China's latest property curbs kept a lid on prices.Three-month copper on the London Metal Exchange was steady at $7,702.50 a tonne by 0406 GMT, as early technical-led gains washed away and sentiment soured in wider markets.Copper fell to its lowest in more than three months on Friday ...
SYDNEY: US corn looked set to snap a nine-session slide on Thursday, edging up from a one-month low touched the day before when favorable weather forecasts in South America dragged on prices.
FUNDAMENTALS
* Chicago Board of Trade March corn rose 0.14 percent to $6.96-1/2 a bushel, having closed down 0.1 percent the day before. Its nine-session losing streak marked the longest such run in 5-1/2 years.
* March soybeans climbed 0.19 percent to $14.25-1/4 a bushel, after ...
MELBOURNE: London copper climbed on Thursday, boosted by Chinese trade data that showed total exports recovered in December, but the metal's advance was capped as copper imports dimmed due to ample stockpiles in the world's top metals consumer.
China's exports grew 14.1 percent in December from a year ago to hit a seven-month peak, rebounding from three-month lows and racing past market expectations of a 4 percent rise.
"The growth pickup in China is not really strong. ...
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