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#1 2018-05-05 08:22:52

gsnoopy520
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Registered: 2018-02-03
Posts: 201

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CHICAGO, Jan. 9 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures settle higher on Monday with soybean futures firmed, supported by some concerns about rain in parts of Argentina curtailing crop production from the world's third largest exporter of oilseed.


Wheat futures edged higher, with traders noting consolidation trade after prices firmed to their highest in nearly three months during the overnight trading session. Corn futures were slightly lower.


The most active corn contract for March delivery rose 2 cents, or 0.56 percent, to 3.6 dollars per bushel. March wheat delivery rose 4 cents, or 0.95 percent, to 4.2725 dollars per bushel. January soybeans added 10.5 cents, or 1.06 percent, to 10.0525 dollars per bushel.


Moves in all three commodities were muted as traders were reluctant to place aggressive bets ahead of key U.S. Agriculture Department reports on supply and demand on Thursday.


Rains in central and northeastern Argentina threatened to flood soybean fields, but the latest forecasts called for improvements in the coming weeks, traders said.


The market also received support from better-than-expected weekly export inspections data, which provided some relief after a disappointing report on global demand for U.S. supplies last week.


The USDA said on Monday morning that soybean export inspections totalled 1.457 million tonnes in the latest reporting week, exceeding the high end of trade forecasts that ranged from 1.1 million tonnes to 1.4 million tonnes.


In the outside markets, the Brent crude oil market is 1.82 dollars per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 64 points lower at 19,899 points.


Jason Roose, a researcher from U.S. Commodities, says the markets face rally challenges.


"Grain markets have been mixed and currently trading higher in a market that is positioning for Thursday's January crop report. With no shortage of grain, favorable crop-weather in South America, rallies will be limited. Plus, producers will be willing sellers on rallies, with crop ratings on wheat giving support on breaks," Roose says. Enditem




by Maria Spiliopoulou


ATHENS, Jan. 9 (Xinhua) -- Most Greek citizens are in favor of a fair and viable solution to the Cyprus issue, but are pessimistic about the outcome of the historic, crucial talks launched in Geneva on Monday, according to a survey carried out for Greek television channel Alpha.


Greek Prime Minister Alexis Tsipras was holding successive meetings with opposition party leaders to discuss developments on the Cyprus issue in Athens on Monday, as Cypriot President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci began a round of talks in Geneva aimed to reunite the divided Mediterranean Sea island after four decades.


Depending on how much progress during the dialogue between the Greek Cypriot and Turkish Cypriot sides, which is presided over by the United Nations, the talks are expected to culminate in a multilateral meeting that also involves Greece, Turkey and Britain on Jan. 12 in the Swiss city.


A total of 58 percent of Greeks supported a resolution of the Cyprus issue based on the current draft agreement discussed in Geneva, while 17.1 percent of respondents preferred to wait until a better proposal is drafted, according to the poll conducted by Marc polling firm.


Seventy-four percent of participants in the AlphaMarc poll said they did not see the two sides reaching any agreement soon, despite 20 months of negotiations. Only 11.8 percent expected a solution soon.


Greece and Cyprus have a common line on the Geneva talks which cover territorial and security issues. They are pushing for the abolition of guarantee rights for third parties and the removal of all Turkish troops from the island.


The Turkish Cypriot side and Ankara want to retain a number of Turkish military forces on Cyprus as well as guarantee rights "to protect the Turkish Cypriot community" should a worst-case scenario prevail in the future.


Cyprus has been divided into two since 1974 after a Greek coup spurred Turkey to send forces to the northern parts of the small Mediterranean state.


While the southern Greek Cypriot side is recognized by the international community and is a member of the European Union, only Ankara officially recognizes the break-away northern region.

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2018-05-05 08:22:52

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