08292016Mon
Last update: Mon, 29 Aug 2016 12pm

Markets - Commodities

Markets - Commodities - Europe

European feeds-Soymeal falls on abundant global supplies PARIS: Soymeal prices on the European animal feed market fell on Wednesday on prospects of ample global supplies of the oilseed although good demand limited the losses, traders said. Brazilian high-protein soymeal for August delivery was offered $3 lower than Tuesday at $426 a tonne CIF Rotterdam, while Argentine high-protein soymeal for August/September delivery was also $3 lower at $398 a tonne CIF Rotterdam. EU high-protein soymeal for August was down $1 at $407 a tonne FOB Rotterdam. Chicago Board of Trade soybean and soymeal were down sharply, weighed down by the prospect of abundant harvests in key countries. "Soybeans are in the red.Weather remains very good in the US Midwest," one broker said.Rapeseed meal for August/September delivery was offered unchanged at 197 euros a tonne, but later deliveries were lower. No significant trading was reported in soymeal in Europe and no deals were cited in other meal products. Copyright ...

Markets - Commodities - Middle East & Africa

Egypt's GASC postpones raw sugar tender until Sept. 3 ABU DHABI: Egypt's General Authority for Supply Commodities on Wednesday said it postponed the deadline for bids on its international tender for raw sugar until Sept. 3. GASC Vice Chairman Ahmed Youssef gave no reason for the delay. The sugar is sought for arrival between Oct. 15-30. Offers are to be made on a cost and freight basis, with a minimum offer of 50,000 tonnes. Copyright Reuters, 2016

Markets - Commodities - Americas

Raw sugar falls sharply from 7-week top on heavy sell-stops NEW YORK/LONDON: Raw sugar futures on ICE turned sharply lower after tapping a seven-week high but failed to reach a key resistance level on Wednesday, triggering automatic sell orders and creating a potentially bearish technical formation. Coffee and cocoa futures were also lower, in line with the weak Thomson Reuters CoreCommodity Index that is made up of 19 markets including oil. October raws settled down 0.51 cent, or 2.46 percent, at 20.22 cents per lb, ...

Markets - Commodities - Middle East & Africa

Cameroon cocoa prices fall as drought delays purchases YAOUNDE: Cameroon farmgate cocoa prices fell in August as major buying was delayed by drought in some regions, farmers said on Wednesday.Prices ranged from 1,000 CFA francs ($1.72) per kilogramme of cocoa in the southwest to 1,200 CFA francs in the centre of the central African country, producers said, down from prices as high as 1,700 CFA in July."The crops are lagging behind because of a long drought," said southwest cocoa producer Andrew Nya.Cameroon's cocoa ...

Markets - Commodities - Europe

Illinois corn, soy fields impressive but may be short of record MILAN: Soybean and corn fields across central Illinois look headed for impressive harvests in the coming weeks, but the crops could yield slightly less than the record-large hauls seen in the last few years, scouts on an annual crop tour said on Wednesday. Big yield gains are needed in Illinois and in Indiana for the US Department of Agriculture (USDA) to realize its forecast for the largest US corn and soy crops in history, topping ...

Markets - Commodities - Asia

Bangladesh tea prices rise for fourth straight week  DHAKA: Tea prices in Bangladesh rose for a fourth straight week at the weekly auction on Tuesday, on strong demand for quality leaf amid lower supplies.Bangladesh tea fetched an average of 229.48 taka ($2.8) per kg at the auction, the 17th of the new marketing season, compared with 225.69 taka in the previous sale.There was robust demand for quality tea and buyers were ready to pay premiums which helped prices rise, while supplies were lower ...

Markets - Commodities - Asia

TOCOM hits near three-week low on softer oil prices TOKYO: Benchmark Tokyo rubber futures ended slightly lower on Wednesday, after hitting a near three-week low earlier in the session, pressured by softer oil prices, but trades were thin with many investors staying reluctant to take bets amid low volatility."Trade remained lacklustre even though Japan's traditional Obon holiday ended last week," said a Tokyo-based dealer."There were no major reasons to sell, but a rumour that shipment in Thailand is on the rise partly weighed on ...