12112016Sun
Last update: Sun, 11 Dec 2016 06pm

Markets - Commodities

Markets - Commodities - Europe

French soft wheat exports outside EU fall to 293,000 T in October      PARIS: French monthly soft wheat exports outside the European Union fell to 293,000 tonnes in October, customs data showed on Wednesday, confirming a slump in activity after a poor harvest this year.  The latest monthly volume was below the 348,000 tonnes seen in September and also marked the smallest October exports since 2007.  The October exports took the volume since the start of the 2016/17 season on July 1 to 1.8 million tonnes, down 32 percent compared with the same period last season, the data showed.  Including shipments within the EU, France exported 685,000 tonnes of soft wheat in October, taking the season's volume to 3.4 million, down 31 percent from a year earlier.  In another consequence of the bad harvest, France imported 192,000 tonnes of soft wheat in October, including 131,500 tonnes from Bulgaria, taking the season's volume to 435,000 tonnes, up 103 percent from a year earlier.    Copyright Reuters, 2016

Markets - Commodities - Europe

London copper climbs, buoyed by US manufacturing pick up MELBOURNE: London copper rose on Wednesday, buoyed by signs that global manufacturing activity will return to a firmer footing next year and as metals attracted fresh interest from investors.  New orders for US factory goods recorded their biggest increase in nearly 1-1/2 years in October, further evidence that the manufacturing sector is gradually recovering after a prolonged downturn and as demand signals from China also improve.Commodities have also found support from expectations the dollar will weaken under Donald Trump's upcoming US presidency, ...

Markets - Commodities - Asia

China gold reserves unchanged at end-November BEIJING: China's gold reserves totalled 59.24 million fine troy ounces at the end of November, unchanged from a month earlier, the central bank said on Tuesday.  The reserves were valued at $69.8 billion, down from $75.3 billion at the end of October, reflecting the drop in the spot bullion price.  The world's second-largest economy ranks fifth on gold reserves after the United States, Germany, Italy and France.  Copyright Reuters, 2016

Markets - Commodities - Americas

US Cash Soymeal-Truck offers flat; rail offers mixed        CHICAGO: Spot basis offers for US soymeal held steady at truck market locations around the Midwest; dealers on the cash market said on Tuesday. Offers for soymeal delivered by train were mixed, firming slightly at Midwest locations while weakening in the Kansas City market. Dealers continued to roll their basis offers to the Chicago Board of Trade January contract from the December , which is in the delivery period and expires on Dec. 14. Demand remained light, with most end users still well-stocked with ...

Markets - Commodities - Europe

Jordan buys 50,000 tonnes wheat in tender      PARIS: Jordan's state grain buyer has bought 50,000 tonnes of optional origin milling wheat at $205 a tonne, cost and freight included, in a tender on Tuesday, traders and a government source said.  The wheat was for shipment in the first half of April, they said.     Copyright Reuters, 2016

Markets - Commodities - Asia

TOCOM pares gains as Shanghai comes off highs TOKYO: Benchmark Tokyo rubber futures extended gains on Tuesday and hit a one-week high but the gains were limited as Shanghai futures trimmed their strong gains earlier in the day after China's yuan rose to a near three-week high.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, hit a one-week high of 243.4 yen in early morning trade, near a 1-1/2-year high of 245.6 yen hit on Nov. 29.The Tokyo Commodity Exchange rubber contract for ...

Markets - Commodities - Middle East & Africa

Ivory Coast rain helps cocoa while hot wind raises concerns      ABIDJAN: Light rain last week in most of Ivory Coast's main cocoa regions bodes well for the development of the October-to-March main crop despite concerns about hot weather and incoming seasonal winds, farmers said on Monday.  The world's top cocoa producer is at the start of the dry season, when downpours are rare.  The Harmattan, a dry dusty wind that typically swoops down from the Sahara between December and March, can slash output and hurt bean quality by killing small ...