01172017Tue
Last update: Tue, 17 Jan 2017 10pm

Markets - Commodities

Markets - Commodities - Asia

Soybean futures firm after weekly loss; Argentine rains miss key area SINGAPORE/PARIS: Chicago soybean futures rose on Tuesday after suffering deep losses last week, with the market underpinned by concerns over poor rainfall affecting Argentina's key crop areas.Wheat jumped 1.3 percent on expectations of strong demand from India, where two years of lower output has depleted stockpiles."Grains and soybeans have opened higher as it is mainly short-covering after the Christmas holiday break," said Kaname Gokon at brokerage Okato Shoji in Tokyo."The drought in Argentina is becoming an issue. If there is crop damage, we could see some more gains."The Chicago Board of Trade most-active soybean contract was 1.1 percent higher at $9.99-3/4 a bushel by 1133 GMT, having passed the $10 threshold earlier in the session.Wheat added 1.1 percent to $3.98-1/2 a bushel and corn gained 0.8 percent to $3.48-1/2 a bushel.Heavy rains that pelted parts of Argentina over the weekend did not reach the southeastern part of the bread-basket province ...

Markets - Commodities - Asia

Palm soars 2pc on better exports, stronger soy KUALA LUMPUR: Malaysian palm oil gained 2.06 percent by the end of Tuesday's first-half session, buoyed by data showing a slower decline in exports and improved sentiment for rival oils on Dalian and CBOT.Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange rose to 3,123 ringgit ($697.72) per tonne.Last week, the contract logged a 3.2 percent decline, the biggest loss in four weeks.Traded volumes were thin with 12,489 lots of 25 ...

Markets - Commodities - Europe

Strong rouble keeps Russian wheat prices stable MOSCOW: Russian wheat prices were broadly stable for a second consecutive week thanks to a strengthening of the rouble against the dollar, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for January supply were $182 per tonne on a free-on-board (FOB) basis at the end of last week, down $0.5 from a week earlier, Russian agricultural consultancy IKAR said. SovEcon, another Moscow-based consultancy, quoted FOB wheat at $181.5 ...

Markets - Commodities - Middle East & Africa

Madagascar's world-class cocoa, a bitter sweet cash crop AMBANJA: A massive zebu cow lumbers out of the tropical forest in Ambanja in the north of Madagascar carrying a heavy cartful of cocoa pods destined to become some of the most expensive chocolate in the world."These red ones here, they're of the Criollo variety, the most sought-after cocoa in the world," says Cyrille Ambarahova, a local small-scale farmer.Standing in the middle of his single hectare of cocoa trees -- "100 percent organic", he says ...

Markets - Commodities - Europe

Raw sugar prices edge higher, robusta coffee also gains LONDON: Raw sugar futures on ICE edged higher on Friday in thin pre-holiday trade as the market continued to consolidate just above last week's 6-1/2 month low. March raws was up 0.11 cents, or 0.6 percent, at 18.27 cents a lb at 1253 GMT. The front month has been stabilised during the last few days after dipping to a 6-1/2 month low of 17.84 cents on Dec. 15. Dealers said the market could see a ...

Markets - Commodities - Europe

Gold edges higher but eyes 7th weekly loss LONDON: Gold edged higher on Friday in thin pre-Christmas trade as the dollar retreated from this week's 14-year high, tempting some buyers to take advantage of a near 10-month low in prices after six straight weeks of decline.Gold has fallen more than $200 an ounce from its peak hit in the immediate aftermath of Donald Trump's US presidential election victory on Nov. 8, as his win sparked a dollar rally and drove US Treasury yields ...

Markets - Commodities - Europe

Copper dips as doubts about Chinese demand surface LONDON: Copper prices slipped on Friday as investors took profits on long positions ahead of the Christmas break as growing doubts about demand growth in top consumer China reinforced the idea that recent gains were overdone. Benchmark copper on the London Metal Exchange was untraded in official rings, but bid down 0.4 percent at $5,495.5 a tonne. That compares with a one-month low of $5,419.5 a tonne hit on Thursday.However, the metal used widely in ...