Volatile trend seen in pepper futures

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Pepper traded with high volatility but overall sentiments remained firm as the rates rose further with intermittent profit booking at the higher levels. There are anticipations of a further rise in export and domestic demand, and lower stocks and lower global production reports. But traders do anticipate some moderate fall in rates from these higher…


Options whirlwind shatters rally in coffee futures

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Coffee futures slumped nearly 7%, pulled lower by large trades in the options market, despite a warning from a leading industry group of "fragile" supplies and "promising" demand prospects. New York coffee for December delivery tumbled 6.7% to 265.10 cents a pound at one point, the contract’s biggest drop in more than a year. The…


Wheat, Corn Futures Decline in Chicago, Snapping Three-Day Advance of 6.1%

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Wheat and corn futures dropped in Chicago, snapping three days of gains. Wheat for December delivery slid as much as 0.5 percent to $7.81 a bushel and traded at $7.82 at 8:07 a.m. Singapore time, after advancing 6.1 percent in three days and reaching a two- month high. Corn fell 0.1 percent to $7.425 a…


Growing Pakistan flood fears revive cotton futures

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Cotton futures rebounded from early lows on fears for a second successive year of crop losses to heavy floods which, reportedly, may have forced more than 1m people from their homes. New York’s best-traded December cotton lot recovered opening losses to hit 107.75 cents a pound at one point, up the daily maximum of 4.0…


Deep cut to US corn hopes sends futures higher

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Corn futures stood higher by nearly the exchange limit in late deals in Chicago after US officials cut their estimate for the domestic crop significantly more than analysts had expected to account for weather damage. The US Department of Agriculture, in its benchmark Wasde crop report, cut its estimate for the US corn harvest by…


Morning markets: multi-market rebound pulls up crop futures

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Wednesday was an up day, in early deals at least. The late surge on Wall Street, which drove the Dow Jones Industrial Average to close up 4%, helped Asian shares post, less enthusiastic, gains too. Tokyo’s Nikkei index closed up 1.1%. The dollar weakened, another sign of a more "risk on" temperament, shedding 0.9% as…


Why US corn futures hovering above wheat

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SINGAPORE (Commodity Online): Upending an evergreen trend of Wheat ruling higher than corn, the CBOT Corn futures hovered above wheat futures as the market sell-off continued. Corn for December delivery dipped 1.4 percent to touch $6.76-3/4 a bushel, the lowest since August 1 even as September wheat dropped 1.5 percent to reach $6.47 a bushel,…


Radiation fears lift Japan rice futures on debut

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Radiation fears fuelled a rise in rice futures on their first day of trading in Japan for 72 years, in an apparent signal of the premium buyers are prepared to pay for certified supplies of the grain. While no trades were completed on the Tokyo Grain Exchange, buy and sell orders were placed some 35%…


Data doubts fuel late surge in corn, wheat futures

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Grain prices put in a late burst in Chicago, taking gains above 3%, amid growing doubts over the official data which showed the US corn crop failing to deteriorate last week despite further heat. Corn for December, the most-traded contract, soared 3.7% to $7.11 ½ a bushel in late deals in Chicago, where wheat for…


Wheat Futures Advance as U.S. Debt Deal Gives Commodities an ‘Early Lift’

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Wheat futures advanced for the first time in three days after President Barack Obama announced that lawmakers have reached an agreement to raise the federal debt limit and avoid a default. Corn futures also increased. December-delivery wheat gained as much as 1.1 percent to $7.2375 a bushel on the Chicago Board of Trade and was…


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