01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Markets - Commodities

Markets - Commodities - Europe

European feeds-Adverse Argentine weather supports soymeal ROTTERDAM: Soymeal on the European meals and feeds market continued firmer on Wednesday on concerns that excessive rains in Argentina could hurt the crop."Adverse weather in Argentina boosted follow-though technical and speculative buying in Chicago soycomplex futures on Tuesday and the European cash market was mostly fixed on yesterday's CBOT close," one broker said.South American soymeal was mostly offered between unchanged and $3 a tonne higher. Buyers were holding back, believing the CBOT market is overbought and bound for a technical reaction. No trades were reported. EU rapemeal was quoted between three euros per tonne up and one euro down. A weak dollar and slightly easier rapeseed futures, because of technical selling, limited gains. Bids were scarce and no deals were seen.Copyright Reuters, 2017

Markets - Commodities - Europe

Gold slips from eight-week high as dollar regains poise LONDON: Gold retreated on Wednesday from the previous day's eight-week high, as a rebound in the dollar ahead of US inflation data and a speech by Federal Reserve chair Janet Yellen prompted some buyers to cash in gains.The metal peaked at $1,218.64 an ounce on Tuesday as the dollar index slid to a four-week low, hurt by US president-elect Donald Trump's claim that the currency's strength against the yuan "is killing us", and as a ...

Markets - Commodities - Europe

Copper steadies after biggest fall in a month LONDON: Copper steadied on Wednesday after its biggest fall in a month in the previous session when US President-elect Donald Trump rattled investors by saying the dollar was too strong. Ahead of Trump's inauguration on Friday his comments revived fears that he would pursue protectionist policies which could harm economic growth. Benchmark copper traded down 0.1 percent at $5,749 a tonne in official rings at the London Metal Exchange, after ending Tuesday down 1.9, the ...

Markets - Commodities - Europe

London cocoa rises on weaker pound and Ivory Coast unrest LONDON: London cocoa futures rose on Wednesday, lifted by a weaker pound and renewed concerns over unrest in top producer Ivory Coast. The March London cocoa contract was up 22 pounds, or 1.2 percent, at 1,814 pounds a tonne by 1312 GMT. Prices were supported by a weaker pound, which fell back after making its biggest one-day gain since at least 1998 in the previous session. The market was also keeping a close watch on ...

Markets - Commodities - Europe

European feeds-Soymeal rallies with CBOT on Argentine weather ROTTERDAM: Soymeal prices on the European meals and feeds market rallied on Tuesday on concerns that heavy rains in Argentina could cut soybean yields."The European cash market followed the weather market in Chicago. Buyers believe CBOT soycomplex is overbought and ready for a correction," one broker said.South American soymeal was mostly offered at between $3 and $10 a tonne up, tracking sharply higher CBOT soymeal futures. A weaker dollar also supported prices. Buyers were not ...

Markets - Commodities - Americas

Soy sets 6-month top as Argentina rains raise crop worries CHICAGO: US soybean futures rose more than 2 percent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said.Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar.As of 12:17 a.m. CST (1817 GMT), Chicago Board of Trade March soybeans were up 23-3/4 cents at $10.70 per bushel after reaching $10.75-1/2, the highest for a most-active contract since July 15.CBOT March ...

Markets - Commodities - Europe

London cocoa prices dip on weak European grind data LONDON: London cocoa futures fell on Monday following a lower than expected fourth quarter European grind, while white sugar and robusta coffee edged up in thin volume with US markets shut. March London cocoa was down 10 pounds, or 0.6 percent, at 1,787 pounds a tonne at 1243 GMT. Europe's fourth quarter cocoa grind fell 0.9 percent from the same period last year to 339,379 tonnes, the Brussels-based European Cocoa Association said on Monday. The ...