06272016Mon
Last update: Mon, 27 Jun 2016 10am

Markets - Commodities

Markets - Commodities - Americas

Brazil soy exports to rise after truck strikes SAO PAULO: Brazil's soybean exports will likely rise to more than 7 million tonnes in March with little risk of further disruption from truck strikes, analyst Pedro Dejnaka, managing partner of AGR Brasil, told the Thomson Reuters Global Ags Forum on Thursday.Truck traffic has been normal and soy stocks have been replenished at Brazilian ports since truck drivers lifted the final roadblocks of a two-week strike last week, Dejnaka said.In addition to depleting stocks at Paranagua port, the strike left supermarkets with empty shelves, slowed soy harvesting in some states, and cost Brazil's poultry and pork industries $241 million.Autonomous truckers are negotiating new freight rates and will next sit down with government officials on March 26.The roadblocks stopped after President Dilma Rousseff signed into law a new truckers' bill to lower toll costs, waive fines for overweight trucks charged in the past two years and build more rest stops on ...

Markets - Commodities - Americas

Cotton futures stem rout as low prices stir mill buying NEW YORK: Cotton on ICE Futures U.S. rose on Thursday, ending the longest rout since late 2013 as chart signals curbed investor liquidation and low prices revived demand from mills.The front-month May cotton contract on ICE slipped to a five-week low of 60.26 cents a lb, then rallied to close up 0.89 cent, or 1.5 percent, at 61.22 cents.The contract had closed down for ten straight sessions prior to the recovery.Short-term indexes placed the contract ...

Markets - Commodities - Europe

Copper, aluminium rise on dollar retreat, Chinese loan data LONDON: Copper hit its highest price levels in more than a week on Thursday after upbeat lending data out of China calmed fears about metals demand and triggered short-covering while a dip in the dollar also offered support. Aluminium recovered from its lowest levels in nearly a year and other prices on the London Metal Exchange gained after data showed Chinese banks extended 1.02 trillion yuan ($163 billion) of new loans in February, well above ...

Markets - Commodities - Asia

India's sugar output could rise nearly 2pc from previous forecast PUNE: India's sugar output could rise nearly 2 percent this year from a previous forecast, as production in top-producing state Maharashtra is expected to hit a record high, trade and government officials said on Thursday. India's sugar output is expected to reach 26.5 million tonnes in the year to September 2015, half a million tonnes more than a previous forecast of a leading industry body, Yatin Wadhwana, managing director of Sucden India, said at the ...

Markets - Commodities - Europe

Tunisia buys 92,000 T wheat, 75,000 T feed barley in tender HAMBURG: Tunisia's state grains agency purchased around 92,000 tonnes of milling wheat and 75,000 tonnes of feed barley from optional origins in a tender which closed on Thursday, European traders said. The wheat was bought at between $217.91 and $226.94 a tonne c&f, traders said. The barley was bought at between $204.74 and $205.75 a tonne c&f, they said. The tender had sought the grains for a range of shipment dates in April and May ...

Markets - Commodities - Europe

Robusta coffee hits 13-month low on strong supply prospects LONDON: Robusta coffee futures dipped to a 13-month low on Thursday, pressured by expectations for a big 2015/16 Vietnamese crop, while raw sugar steadied near the lowest levels in six years. Cocoa was little changed, underpinned by concerns over output in Ghana, the second-biggest grower. May robusta coffee was down $35, or 1.9 percent, at $1,785 a tonne at 1429 GMT, after touching $1,781, the lowest level since February 2014, on the outlook for top ...

Markets - Commodities - Europe

Gold steadies after 8-day losing streak as dollar retreats LONDON: Gold steadied on Thursday as a retreat in the dollar from 12-year highs arrested its eight-session slide, though speculation that US interest rates could rise sooner rather than later kept prices under pressure. The dollar extended its decline in early US trading on Thursday after a surprise drop in US retail sales in February. Spot gold was at $1,153.80 an ounce at 1454 GMT, little changed from the previous day, while US gold futures ...