01202017Fri
Last update: Fri, 20 Jan 2017 08pm

Markets - Commodities

Markets - Commodities - Europe

Copper up on China hopes, output cuts LONDON: Copper slipped on Thursday as optimism about stronger demand prospects in top consumer China faded, but analyst expect prices to soon test the two-week highs seen earlier lower supply leads to a more balanced market. Benchmark copper on the London Metal Exchange was down 0.2 percent at $5,150 a tonne at 1429 GMT from an earlier $5,230, the highest since Sept. 22. Traders said copper prices were tracking the fortunes of mining giant Glencore, which also started the day on a positive note, but was last down 0.7 percent. Activity at larger, Chinese state factories shrank for a second straight month in September, but the pace of contraction was slower than in August. "The data may be suggesting China is about to turn a corner, that at some point we will see more robust demand growth rates," said Bart Melek, head of commodity strategy at TD Securities. "At the ...

Markets - Commodities - Europe

Jordan tenders to buy 100,000 T hard wheat and 100,000 T barley HAMBURG: Jordan's state grain buyer has issued new international tenders to purchase 100,000 tonnes of hard milling wheat and 100,000 tonnes of animal feed barley both to be sourced from optional origins, European traders said on Thursday. Tender deadline for the wheat tender is Oct. 13 and deadline for the barley tender is Oct. 14, they said. Copyright Reuters, 2015

Markets - Commodities - Americas

CBOT corn edges lower, capping steep quarterly loss, on ample supply CHICAGO: Chicago Board of Trade corn futures were narrowly lower on Wednesday, capping a steep quarterly decline on pressure from the advancing US harvest and plentiful global grain supplies, traders said.Corn reversed from earlier gains to turn lower after the release at midday of the US Department of Agriculture's quarterly stocks report. The government showed US corn stockpiles of 1.731 billion bushels, slightly below the average analyst estimate of 1.739 billion bushels but the largest ...

Markets - Commodities - Americas

Gold suffers biggest quarterly loss in a year on Fed outlook NEW YORK/LONDON: Gold hit its lowest level in two weeks and recorded its biggest quarterly loss in a year on Wednesday as US jobs data came in stronger than expected and the market awaited clarity on the timing of a hotly anticipated US interest rate rise. That capped off gold's worst quarter since the third quarter of 2014, having fallen nearly 5 percent since July. It was its fifth successive quarter of losses, the longest ...

Markets - Commodities - Americas

CBOT wheat ends higher after USDA lowers US crop estimate CHICAGO: Chicago Board of Trade wheat futures closed higher on Wednesday, matching this week's one-month peak after the US Department of Agriculture lowered its US 2015 wheat production estimate below trade expectations.USDA reported US all-wheat production at 2.052 billion bushels, down from 2.136 billion previously and below an average of trade estimates.USDA also reported US Sept. 1 wheat stocks at 2.089 billion bushels, below an average of trade estimates for 2.149 billion.USDA's reports overshadowed bearish ...

Markets - Commodities - Europe

Copper hits one-week high as investors close bearish positions LONDON: Copper hit its highest in a week on Wednesday while nickel touched a two-week peak, as bearish investors closed out positions at the quarter-end and ahead of Chinese holidays. The market also got a boost from a bounce in shares of hard-hit commodity group Glencore and from reports of planned declines in production and inventories that may tighten the copper market. "We got month-end today and quarter-end as well, so there's some tidying up ...

Markets - Commodities - Europe

Soy, corn up in hesitant trade as markets await USDA report PARIS/SINGAPORE: US soybean and corn prices edged higher early Wednesday as traders mostly remained on the sidelines ahead of a widely watched US government report later in the session that is expected to show oilseed stocks at a four-year high. Chicago wheat futures softened in hesitant trade, torn between supportive concerns over dryness in the Black Sea region and pressure from ample global supplies. Chicago Board of Trade November soybeans were up 11 cents, or ...