05302016Mon
Last update: Mon, 30 May 2016 12am

Markets - Commodities

Markets - Commodities - Americas

US Cash Grains-Bids mostly steady in light pre-holiday trading CHICAGO: Spot basis bids for corn and soybeans held mostly steady around the US Midwest on Friday, supported by minimal farmer selling and good end-user demand ahead of the three-day weekend surrounding Monday's US Memorial Day holiday, dealers said. Farmers sold small amounts of corn after futures reached a 10-month high, pushing cash prices above the target of $4 per bushel in some areas. Corn basis bids declined by 2 cents per bushel at a terminal along the Mississippi River in Davenport, Iowa, while bids for both corn and soybeans were unchanged elsewhere.Copyright Reuters, 2016

Markets - Commodities - Americas

CBOT Trends-Wheat and corn steady-down 1 cent, soybeans mixed CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. NOTE: US markets including the CBOT will be closed on Monday for the Memorial Day holiday. CBOT trade resumes Monday at 7 p.m. CDT (0000 GMT).WHEAT - Steady to down 1 cent per bushel Light profit-taking setback after Thursday's 3 percent climb, with a stronger US ...

Markets - Commodities - Europe

Gold heads for fourth weekly drop as US rate view weighs LONDON: Gold slid to an eight-week low on Friday and was heading for a fourth consecutive weekly drop as growing speculation that the Federal Reserve will press ahead with interest rate hikes hurt investor demand.The metal fell for seven straight sessions to Thursday, its longest run of losses in more than six months, after minutes of the Fed's latest policy meeting indicated last week that a rate rise may be on the cards sooner rather ...

Markets - Commodities - Asia

Indian soybeans fall on profit-taking; soyoil rises NEW DELHI: Indian soybean futures dropped on Friday on profit-taking and as crushing remained weak due to thin demand for exports of meal, while rapeseed rose on lower arrivals in physical markets. The June soybean contract on the National Commodity & Derivatives Exchange slipped 0.25 percent to 3,940 rupees ($58.87) per 100 kg. The June rapeseed contract rose 0.55 percent to 4,423 rupees per 100 kg. June soyoil futures were 1.27 percent higher at 648.90 ...

Markets - Commodities - Europe

Zinc hits 2-week high, but market may falter after long weekend LONDON: Zinc prices touched a two-week high on Friday and copper also gained as investors bought futures to square positions, though analysts said metals may resume their downward trend next week. The metals market was swimming against a tide of a stronger dollar and weaker oil prices that would normally weigh on prices, but investors were keen to reduce their exposure further ahead of a long weekend. Gains in metals were trimmed in the European ...

Markets - Commodities - Europe

European wheat prices ease, strong exports limit losses LONDON: European wheat prices were lower on Friday, weighed down by ample supplies and a generally favourable crop outlook although the strong pace of exports helped to underpin the market. September milling wheat on the Paris-based Euronext exchange was 0.75 euro or 0.45 percent lower by 1614 GMT at 166.50 euros a tonne. The contract had peaked at 167.75 euros on Thursday, its highest level since April 21. "It remains tough to get bullish to ...

Markets - Commodities - Europe

European vegoils-Palm oil eases on technical selling in futures ROTTERDAM: Palm oil on the European vegetable oils market eased slightly on Friday following technical selling in Malaysian palm oil futures on the back of a stronger ringgit. "Although there is talk that output in May will be lower than initially thought and there seems to be steady demand, prices came down on some profit taking in futures and that trickled through to the European cash market," one broker said. Palm oil was mostly offered ...