10012016Sat
Last update: Sat, 01 Oct 2016 12pm

Markets - Commodities

Markets - Commodities - Europe

South Korea's MFG buys 69,000 T corn in private deal HAMBURG: South Korea's Major Feedmill Group (MFG) purchased around 69,000 tonnes of optional-origin yellow corn in a private non-tender deal on Thursday, European traders said. The MFG purchase was made following separate international tenders for corn by Korean groups NOFI and the Korea Feed Association (KFA) Busan section, European traders said. The MFG purchase was made at $183.00 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading. It was for arrival in South Korea around Jan. 10, 2017. Copyright Reuters, 2016

Markets - Commodities - Americas

US Cash Soymeal-Basis crumbles in West, offers flat in East CHICAGO: Spot basis offers for US soymeal dropped at truck market locations west of the Mississippi River on Thursday as an influx of newly harvested beans allowed processors to boost their run times, dealers said.Offers in the east held steady but were expected to fall when fields dry out enough to allow farmers in those areas to harvest what is expected to be a record crop.Offers fell by $12 per ton in Cedar Rapids, Iowa, ...

Markets - Commodities - Europe

Gold flat after mixed US data, doubts over OPEC deal LONDON: Gold was flat on Thursday after the dollar flip-flopped in the wake of mixed US data and as scepticism grew over whether OPEC members would be able to implement production cuts that could fuel inflation.The dollar index, which measures the greenback against a basket of currencies, rose to a session high after stronger than expected data on US second-quarter economic growth and weekly jobless claims.The dollar, however, pared gains after further data showed contracts ...

Markets - Commodities - Middle East & Africa

Egypt's FIHC buys 30,000 T soybean oil, 37,000 T sunflower oil CAIRO/ABU DHABI: Egypt's Food Industries Holding Company (FIHC) bought 30,000 tonnes of soybean oil and 37,000 tonnes of sunflower oil in a tender, Cairo-based traders said. FIHC purchased the 30,000 tonnes of soybean oil from ADM at $810.50 a tonne cost and freight. FIHC also bought 10,000 tonnes of sunflower oil from ADM at $791.50 a tonne C&F, 15,000 tonnes of sunflower oil from Glencore at $788.50 a tonne C&F and 12,000 tonnes of sunflower ...

Markets - Commodities - Asia

Palm comes off low on stronger soy KUALA LUMPUR: Malaysian palm oil futures came off near two-week lows to close marginally higher on Thursday, tracking gains in rival oilseed soy.Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange closed up 0.4 percent at 2,616 ringgit ($634.64) a tonne. Earlier in the session, the contract fell to the lowest since Sept. 19 at 2,581 ringgit.Traded volumes stood at 54,211 lots of 25 tonnes each at noon."The market seems uncertain after ...

Markets - Commodities - Asia

Asia Coffee-Supply dips; Vietnam's discounts widen HANOI: Discounts of Vietnamese coffee stood stable on Thursday, with September export volume hitting a seven-month low as stocks dwindled ahead of the new harvest, while Indonesia's supply also decreased, traders said on Thursday.Vietnam, the world's top robusta producer, exported an estimated 120,000 tonnes of coffee this month, up 37.8 percent from a year ago, based on government data.But the estimate is the lowest since February, 2016, when Vietnam shipped 119,000 tonnes."Vietnam is running out ...

Markets - Commodities - Asia

Soybeans rise 1pc, wheat ticks up on Australian crop woes SINGAPORE: Chicago soybeans bounced back on Thursday, rising almost 1 percent on strong demand from top importer China, although expectations of a quickened pace for the US harvest capped gains.Wheat also edged higher as heavy rains in parts of Australia's eastern grain belt threatened the quality of what is expected to be a near-record crop, while corn rebounded after Wednesday's decline.Chicago Board of Trade most-active soybean contract rose 0.9 percent to $9.53-1/2 a bushel by ...