08302016Tue
Last update: Tue, 30 Aug 2016 12pm

Markets - Commodities

Markets - Commodities - Europe

Russian wheat export prices edge down on weaker rouble MOSCOW: Russian wheat export prices fell slightly last week on a 1.5 percent weakening in the rouble that made Russian grains more competitive on global dollar-denominated markets, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content and for September delivery were $172 a tonne on a free-on-board (FOB) basis at the end of last week, down $1 from a week earlier, Russian agricultural consultancy IKAR said.SovEcon quoted FOB wheat and barley prices in the Black Sea area unchanged from a week earlier at $175 per tonne and $154 per tonne respectively.The country exported 4.5 million tonnes of grains, including 3.7 million tonnes of wheat, between July 1 and Aug. 24, the agriculture ministry said. Grain exports were down 1 percent year-on-year.The official customs data has been lagging real supplies this year due to technical issues.Domestic wheat prices rose 275 roubles last week, from the ...

Markets - Commodities - Americas

Wheat slumps to new 10-year low on ample supplies SYDNEY/PARIS: US wheat fell for a sixth consecutive session to hit a new 10-year low on Monday, as ample global stocks and a regulatory clamp-down from the world's largest buyer of the grain dragged on prices.Egypt, the world's biggest wheat importer, reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus, ergot, baffling traders who had returned to the Egyptian market just last month when the ...

Markets - Commodities - Europe

Gold hits near 5-week low after Fed strikes hawkish note LONDON: Gold slid to a near five-week low on Monday after comments from top Federal Reserve officials fuelled speculation that US interest rates would rise sooner rather than later, boosting the dollar.Speaking at a meeting of leading central bankers in Jackson Hole, Wyoming, Fed chair Janet Yellen said on Friday that an improvement in the economy had boosted the case for another rate rise, while Vice Chair Stanley Fischer said the US central bank was ...

Markets - Commodities - Europe

Gold hits near 5-week low after Fed strikes hawkish note LONDON: Gold slid to a near five-week low on Monday after comments from top Federal Reserve officials fuelled speculation that US interest rates would rise sooner rather than later, weighing on the dollar.Speaking at a meeting of leading central bankers in Jackson Hole, Wyoming, Fed chair Janet Yellen said on Friday that an improvement in the economy and the labour market in recent months had boosted the case for hiking rates.The CME Group's FedWatch tool ...

Markets - Commodities - Australia

Shanghai copper treads water near 2-month lows amid London holiday MELBOURNE: Shanghai copper was stuck near two-month lows on Monday, with the dollar pushed up after comments by the Federal Reserve left the door open to a rate hike this year, while a holiday in London drained the market of direction.The Fed is getting closer to raising interest rates again, the head of the U.S. central bank, Janet Yellen, and other policymakers said on Friday."The volatility seen post the Yellen speech is likely to continue ...

Markets - Commodities - Asia

TOCOM ends 2.6pc higher as yen weakens vs dollar TOKYO: Benchmark Tokyo rubber futures closed up on Monday as the yen hit a more than 2-week low against the dollar, falling in line with other Asian currencies after Federal Reserve Chair Janet Yellen's upbeat comments on the U.S. economy lifted the dollar.The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bank and other policymakers said on Friday, in comments that left the door open for a ...

Markets - Commodities - Australia

Wheat drops for 6th session on ample supplies; Egypt demand eyed SYDNEY: US wheat fell for a sixth consecutive session and hovered near a three-week low on Monday, as ample global stocks and a regulatory clamp-down from the world's largest buyer of the grain dragged on prices.Egypt, the world's biggest wheat importer, reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus ergot, baffling traders who had returned to the Egyptian market just last month when the ...