08272016Sat
Last update: Sat, 27 Aug 2016 01pm

Markets - Commodities

Markets - Commodities - Europe

Sugar prices ease on commodity market weakness LONDON: Raw sugar futures were slightly lower on Tuesday as weakness in crude oil and many other commodity markets helped to stall the market's advance.Dealers said the sugar market's run-up this week had been fuelled partly by technically driven buying after prices bounced off a key support level.Heavy rains in Brazil were also seen by some as supportive, slowing the cane crush in the key centre-south region."The crush number for the second half of August could come in below historical norms," one dealer said, adding, however, earlier strong crush levels should ensure there is no shortage of supply in the world's top producer and exporter.Dealers said the rains could benefit next season's crop.October raws were off 0.06 cent or 0.3 percent at 20.36 cents a lb at 1407 GMT.The contract found solid support around its 20-day moving average and mid-Bollinger band on Monday, dipping to a low of 19.66 cents ...

Markets - Commodities - Asia

TOCOM falls to 2-week low as weaker oil erodes risk appetite TOKYO: Benchmark Tokyo rubber futures fell to a two-week low in lacklustre trade on Tuesday as weaker oil prices and sliding Shanghai futures eroded risk appetite.The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 3.0 yen, or 1.9 percent, lower at 152.1 yen ($1.52) per kg, after touching its lowest since Aug. 10 at 151.8 yen.Oil prices fell with Goldman Sachs warning that August's price rally had been overdone and that a proposed ...

Markets - Commodities - Asia

Palm oil edges up on strong exports KUALA LUMPUR: Malaysian palm oil futures edged up on Tuesday, coming off a more than one-week low hit earlier as higher overseas sales underpinned prices.Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose 1.4 percent to 2,578 ringgit ($641) per tonne. Prices hit 2,522 ringgit earlier in the session, the lowest since Aug. 12.Traded volumes stood at 37,833 lots of 25 tonnes each at the close of trade, lower than the ...

Markets - Commodities - Europe

Gold stays above two-week low, investors await US rates steer LONDON: Gold edged higher on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official at the weekend to a meeting of global central bankers this week, awaiting further guidance on US interest rates.Spot gold rose 0.17 percent to $1,340.52 an ounce by 1128 GMT, having hit a two-week low of $1,331.35 in the previous session. US gold was flat at $1,344Prices fell on Monday after weekend comments by the Fed's No.2 ...

Markets - Commodities - Asia

Soybeans ease, corn falls for 2nd day on US crop report SINGAPORE/PARIS: Chicago soybean futures lost ground on Tuesday, while corn slid for a second session, with renewed pressure on prices after a US government report showed both crops thriving in near-perfect weather.Wheat fell, adding to Monday's more than 2 percent decline, as abundant global supplies continue to weigh on the market.Chicago Board of Trade most-active corn contract fell 1.2 percent to $3.38.1/4 a bushel by 1140 GMT, having closed down 0.5 percent in the previous ...

Markets - Commodities - Europe

Copper falls to six-week lows, focus on US rates LONDON: Copper prices slipped to six-week lows on Tuesday on market jitters over the timing of US interest rate rises, dollar direction and strength of demand in top consumer China.Benchmark copper on the London Metal Exchange was untraded in official rings, but bid 0.3 percent lower at $4,733 a tonne, from an earlier $4,725.50, its lowest since July 11.A higher US currency makes dollar-denominated commodities more expensive for non-US firms; a relationship used by funds ...

Markets - Commodities - Europe

Raw sugar prices fall as commodity markets weaken LONDON: Raw sugar futures slipped back on Tuesday following the previous session's strong advance, pulled down by overall weakness in crude oil and other commodity markets.Dealers said the market's run-up had been fuelled partly by technically driven buying after prices bounced off a key support level.Heavy rains in Brazil were also seen by some as supportive, slowing the cane crush in the key centre-south region."The crush number for the second half of August could come ...