08252016Thu
Last update: Thu, 25 Aug 2016 07am

Markets - Commodities

Markets - Commodities - Americas

CBOT Trends-Wheat down 4-8 cents, corn down 2-3, soybeans down 3-5 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday. WHEAT - Down 4 to 8 cents per bushel Lower on technical selling and a lack of fresh supportive news. CBOT September wheat fell to a session low ahead of the break in trade. Strength in the dollar lends pressure. Plentiful world supplies and poor export demand continue to hang over the market. The European Union's crop monitoring service cut soft wheat yields to 5.86 tonnes per hectare, from 6.10 estimated in July. Romania reaped a bumper wheat crop of 8.4 million tonnes this year, 7 percent up from 2015 at a 10-year record high yield, Agriculture Minister Achim Irimescu said on Sunday. CBOT September soft red winter wheat last down 7-3/4 cents at $4.19-1/4 per bushel; K.C. September hard red ...

Markets - Commodities - Europe

EU crop monitor cuts grain maize, soft wheat yield estimates PARIS: The European Union's crop monitoring service significantly cut its forecast on Monday for average maize and soft wheat yields in this year's EU harvest after adverse weather. The MARS service pegged the average EU grain maize yield at 7.23 tonnes per hectare (t/ha) in 2016, down from 7.42 t/ha seen in July, mainly due to dry weather in southeastern Europe. "Exceptionally high maize yields are forecast for Hungary (+29.6 percent above the five-year average) ...

Markets - Commodities - Europe

Russian wheat prices rise for fourth week MOSCOW: Russian wheat export prices rose for a fourth straight week as farmers continued to hold onto their top quality produce, anticipating further price increases after weather-related shortfalls in Europe, analysts said on Monday.Black Sea prices for Russian wheat with 12.5 percent protein content were $170 a tonne on a free-on-board (FOB) basis at the end of last week, up $2 from a week earlier, Russian agricultural consultancy IKAR said.SovEcon quoted FOB wheat prices in ...

Markets - Commodities - Europe

Cocoa extends retreat from one-month high, coffee climbs LONDON: Cocoa futures retreated further on Monday from one-month highs set during the previous session on largely technically-driven selling, dealers said.December New York cocoa fell $122 or four percent to a low of $2,977 a tonne before recovering slightly to $3,005 by 1333 GMT.The contract had climbed to a one-month high of $3,120 on Friday before turning lower as traders started to take profits following strong gains during the last few days."New York is leading ...

Markets - Commodities - Asia

TOCOM hits 10-day low on slumping oil, Shanghai futures TOKYO: Benchmark Tokyo rubber futures hit their lowest in 10 sessions in thin trade on Monday, surrendering gains made earlier in the day as falls in oil prices and Shanghai futures dampened market sentiment and prompted profit-taking.The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 1.9 yen, or 1.2 percent, lower at 155.1 yen ($1.54) per kg, after touching a low of 154.1 yen, the lowest since Aug. 12. Earlier in the day, ...

Markets - Commodities - Europe

Copper tumbles to five-week low, undermined by higher dollar LONDON: Copper prices fell to five-week lows on Monday as the dollar gained after hawkish comments from a Fed official, inventories rose and a jump in exports from China reinforced worries about demand in the top consumer of the metal.Benchmark copper on the London Metal Exchange was down 0.9 percent at $4,757 a tonne at 0921 GMT. The metal used in power and construction touched $4,738 earlier, its lowest since July 11.The dollar rose after ...

Markets - Commodities - Europe

Wheat price slips 1pc on bumper global supplies; soybeans firm PARIS/SINGAPORE: Chicago wheat fell 1 percent on Monday, pressured by ample global supplies, while soybeans edged up after declining for two sessions although expectations of historically high US production limited gains.Corn slid from Friday's three-week top.The Chicago Board Of Trade's most active wheat contract dipped 1 percent to $4.40-1/4 a bushel by 0950 GMT while corn fell 0.5 percent to $3.42 a bushel, off a high of $3.44-1/4 hit on Friday.Soybeans rose 0.3 percent to ...