07242016Sun
Last update: Sun, 24 Jul 2016 11pm

Markets - Commodities

Markets - Commodities - Europe

Concerns over harvest size, quality support EU wheat prices PARIS: European wheat prices rose on Monday on uncertainty about final harvest results with French farmers reporting lower than expected yields.Benchmark December milling wheat on the Paris-based Euronext was 1.25 euro or 0.8 percent higher by 1556 GMT at 165.25 euros a tonne."The market is still waiting for an assessment on the magnitude of the fall in wheat harvest yields. Will the harvest be at 30, 32 or 35 million tonnes?" one Euronext trader said.Heavy rain and limited sunshine hurt crops in the European Union's biggest grain grower and results from the field have prompted forecasters to cut their forecasts over the past weeks to levels unseen since 2007.Brokers and traders also pointed to short covering on prospects of a fall in quality of the French harvest.Milling wheat premiums on the cash market stood at +7 euros per tonne over Euronext delivered in the port of La Pallice, in a ...

Markets - Commodities - Europe

European vegoils-Rapeseed oil edges up as smaller EU crop seen LONDON: Rapeseed oil prices on the European vegetable oils market were higher on Monday, underpinned by the prospect of a smaller EU crop this year as rains curb yields. EU rapeseed oil offers were raised by between 2.00 and 5.00 euros a tonne with August/October last traded at 689 euros, up 7.00 euros from Friday. Dealers said the EU rapeseed harvest was now underway. Earlier this month, Strategie Grains cut its forecast for this year's ...

Markets - Commodities - Americas

US Cash Soymeal-Basis mostly weak due to ample spot supplies CHICAGO: Spot cash basis offers for soymeal were mostly steady to weak in the US Midwest on Monday, with ample nearby supplies of the feed ingredient pressuring values in rail markets, brokers said.One exception was Decatur, Alabama, where the basis firmed as crusher downtime limited spot supplies.As of 12:50 p.m. CDT (1750 GMT), CBOT August soymeal futures were up $3 at $372.40 per ton. The August CBOT crush was up 3-3/4 cents at 83-3/4 cents ...

Markets - Commodities - Americas

Arabica turns up on Brazil frost, sugar up from 3 week low NEW YORK/LONDON: Arabica coffee futures on ICE turned higher on Monday, after an unexpected moderate frost hit parts of Brazil's main coffee region, but gains were limited as traders waited to learn the extent of the damage.Sugar prices also moved up, rebounding from a three-week low on late-day buying, while cocoa prices firmed.September arabica settled up 1.9 cent, or 1.3 percent, at $1.4945 per lb.A moderate frost surprised producers in several areas of top grower ...

Markets - Commodities - Americas

CBOT corn ends higher on US hot weather forecast CHICAGO: Chicago Board of Trade corn futures closed higher on Monday as forecasts for scorching heat in the US Midwest this week and updated forecasts for hot and drier weather next week renewed concerns about crop prospects, traders said.Market also buoyed by short-covering after weekly data from the US Commodity Futures Trading Commission on Friday showed that non-commercial traders slashed their net long position in CBOT corn by about 93,000 contracts, to 14,216 lots in ...

Markets - Commodities - Americas

CBOT soybeans end higher as weather worries persist CHICAGO: Chicago Board of Trade soybean futures closed higher on Monday, rallying from early declines as updated midday weather forecasts for the Midwest looked hotter and drier for later this month, traders said.Most-active November soybeans settled up 9 cents at $10.66-1/4 per bushel.Market pressured in early moves by long liquidation after Friday's weekly report from the US Commodity Futures Trading Commission showed non-commercial traders held a hefty net long position in CBOT soybeans of nearly ...

Markets - Commodities - Europe

Copper lifted by weaker dollar, capped by Chinese home prices LONDON: Copper edged higher on Monday on the back of a weaker dollar but gains were kept in check after lacklustre rises in Chinese home prices fuelled worries about demand in the world's top metals consumer.Data on Monday showed home price rises in China slowed in June for a second straight month, adding to concern over the sustainability of a construction-led economic rebound."This slowing increase in Chinese house prices we've seen over the weekend puts ...