07302016Sat
Last update: Sat, 30 Jul 2016 12am

Markets - Commodities

Markets - Commodities - Europe

EU wheat eases after surge on French harvest jitters  PARIS: European wheat futures fell on Tuesday to pull away from a six-month high as traders awaited further results from a weather-hit French harvest and factored in good-looking crops elsewhere in Europe.September milling wheat on Euronext's Paris-based futures market was down 2.25 euros, or 1.3 percent, at 168.25 euros a tonne by 1551 GMT.The contract extended a slight fall at Monday's close that followed a six-month high of 177.25 euros earlier in Monday's session.The market was waiting for more harvest progress in northerly wheat belts for a clearer picture of the scale of yield losses in France.Cooperative Vivescia said early wheat harvesting in its collection zone in northeast France showed poor yields and weak specific weights, a key measure of milling quality."For wheat, for which harvesting is nearly 10 percent complete, there is a lot of disappointment with some yields at 20 quintals (2 tonnes per hectare) and highest results ...

Markets - Commodities - Asia

Palm makes late gains on US soy, Malaysia's biodiesel plan KUALA LUMPUR: Malaysian palm oil futures reversed losses in late trade on Tuesday, in response to a stronger performance by US soybean oil, plus Malaysia's commitment to raise the minimum bio content in biodiesel, which will boost palm oil consumption.Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent to 2,309 ringgit ($569) per tonne at the close of trade, its strongest daily gain since July 20.Traded volumes stood ...

Markets - Commodities - Europe

Gold climbs as dollar retreats ahead of Fed meeting LONDON: Gold rose on Tuesday as the dollar slipped ahead of a two-day Federal Reserve policy meeting this week, which will be closely watched for clues on the outlook for US interest rates.The Fed is expected to leave policy unchanged at its meeting starting later in the day, but investors are watching for any signs that the US central bank may move back to tightening later this year.Spot gold was up 0.4 percent at $1,320.01 ...

Markets - Commodities - Europe

Soy steadies after 3-month low on good crop prospects PARIS/SINGAPORE: Chicago soybeans ticked higher on Tuesday, supported by an easing dollar, but held close to an earlier three-month low as a US government report confirmed favourable crop conditions.Corn inched down, with the market also capped by the US Department of Agriculture's weekly crop report late on Monday that showed corn and soybean ratings held steady last week despite hot weather.Chicago wheat fell to break a three-day rally, pressured by a pullback in European wheat ...

Markets - Commodities - Europe

Raw sugar steadies, London cocoa firms on weaker pound LONDON: Raw sugar futures steadied on Tuesday, pressured by a generally weaker commodities complex, while arabica inched higher, buoyed by cool weather in top grower Brazil.London cocoa futures firmed, supported by a softer pound.Raw sugar held steady, weighed by lower oil prices."Overall the commodity basket is weak and particularly energy is trending lower which adds weight to the sugar bears' arguments," said Nick Penney, a senior trader with Sucden Financial Sugar.October raw sugar was up ...

Markets - Commodities - Americas

Raw sugar rises after US data; arabica at 4-week low NEW YORK/LONDON: Raw sugar futures rallied on Monday after US data showed speculators trimmed their bullish position for the fourth straight week and as traders focused on a looming production deficit, while arabica coffee fell to a four-week low.London cocoa prices extended losses on pressure from the firm pound, briefly touching a three-week low while the New York market held just above the prior session's 3-1/2-month low, as global demand concerns remained.Bucking the weak session ...

Markets - Commodities - Americas

CBOT soybeans fall to 3-month low on fund sales, weather CHICAGO: Chicago Board of Trade soybean futures fell more than 2 percent to their lowest levels since April on Monday, pressured by favorable extended forecasts for the developing crop in the United States, traders said.Liquidation from investment funds, which still had a net long stake in soybeans, further weighed on prices.August is seen as the most critical month for determining soybean yields for the US crop and extended weather outlooks reaching into August indicated at ...