09302016Fri
Last update: Fri, 30 Sep 2016 06pm

Markets - Commodities

Markets - Commodities - Asia

China approves corn export permits to two companies BEIJING: China has given approval to at least two companies to export corn, two sources with knowledge of the matter said, in a radical move by the world's No. 2 producer to cut its ballooning surplus that could add more supply to a saturated global market. The move threatens to push prices down sharply in a market that has already fallen 20 percent this year.In what could be the first bulk exports in a decade, the government has issued permits to two state-owned companies, top grains trader Cofco and major processor and trader Beidahuang, allowing them to sell grain abroad, said China-based sources who asked to remain anonymous because they were not authorised to speak to the media.Copyright Reuters, 2016

Markets - Commodities - Americas

US soybean futures strong, wheat weak, corn flat CHICAGO: US soybean futures firmed on Thursday on a mild round of bargain buying and short-covering ahead of a key government report on Friday, traders said. Signs of strong export demand for the oilseed also lent support to soybean futures but gains were kept in check by reports of good yields from fields in the western part of the US Midwest as harvest ramped up. Wheat futures fell on a technical setback amid ample global ...

Markets - Commodities - Americas

CBOT Trends-Wheat and corn up 2-3 cents, soybeans up 6-8 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Thursday. NOTE: Friday is first notice day for deliveries against CBOT October soymeal and soyoil futures. Also on Friday, the US Department of Agriculture is set to release its quarterly US grain stocks and annual small grains reports. WHEAT - Up 2 to 3 cents per ...

Markets - Commodities - Europe

EU clears 468,000 T soft wheat export licences this week PARIS: The European Union granted export licences for 468,000 tonnes of soft wheat this week, taking the total since the beginning of the 2016/17 season on July 1 to 6.35 million tonnes, French farm office FranceAgriMer said on Thursday. This compared to 5.2 million tonnes by the same stage last year. The EU also awarded this week licences to import 70,000 tonnes of maize, taking the cumulative volume this season to 1.9 million, FranceAgriMer said ...

Markets - Commodities - Europe

Lead hits 16-month high on tighter supply; nickel retreats LONDON: Lead climbed on Thursday to its highest since May last year, supported by steadier copper prices and worries over mine supply, while nickel retreated from a seven-week high.Three-month lead on the London Metal Exchange was untraded in official rings but bid up 2 percent to $2,037 a tonne. The metal hit $2,041.50 earlier, its strongest since May 2015, extending gains from the previous session, when rising oil prices also lent support. Global mine shutdowns ...

Markets - Commodities - Europe

South Korea's FLC buys 55,000 T soymeal in private deal HAMBURG: South Korea's Feed Leaders Committee (FLC) on Thursday bought 55,000 tonnes of soymeal to be sourced from South America in a private, non-tender purchase, European traders said.The purchase was made after South Korean feed maker NOFI and the Korea Feed Association (KFA) also each bought 55,000 tonnes of South American soymeal in separate international tenders on Thursday, they said. The FLC purchase was made at $368.90 a tonne c&f including surcharge for additional port ...

Markets - Commodities - Europe

South Korea's KFA buys about 120,000 T corn in tender HAMBURG: The Korea Feed Association (KFA) purchased about 120,000 tonnes of yellow corn which can be sourced optionally from any origin worldwide in a tender which closed on Thursday, European traders said. The tender from the KFA's Busan section had sought the corn in two consignments. The first consignment of 60,000 tonnes for arrival around Jan. 20, 2017, was purchased at $183.99 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading, ...