05302016Mon
Last update: Mon, 30 May 2016 04am

Markets - Commodities

Markets - Commodities - Americas

US Cash Soymeal-Offers firm on downtime, slow farmer sales CHICAGO: Soymeal cash basis offers were steady to higher in US truck and export markets on Monday, supported by seasonal downtime at processing plants that left supplies relatively tight, especially in the western half of the US Midwest.A slower pace of farmer sales of soybeans during the past two weeks also kept soymeal stocks tight even as soaring futures prices limited demand to routine purchases.Limited offerings out of Argentina, the world's top soymeal exporter, also continued to underpin US prices. Some US traders boosted their offers for soymeal shipped out of the US Gulf Coast this autumn, in the event of disruptions out of South America that could push more business to the United States.Chicago Board of Trade July soymeal futures surged to a life-of-contract high of $392.70 per ton, before reversing lower largely in technical trading, traders said. Copyright Reuters, 2016

Markets - Commodities - Europe

European vegoils-Palm oil down with Chinese markets and on ringgit ROTTERDAM: Palm oil on the European vegetable oils market eased on Monday following weakness in Malaysian palm oil futures, which dipped on a stronger ringgit and a fall in Chinese vegetable oils. "It looks like the bullish sentiment has lost momentum now that all kinds of agricultural products and energy markets are easing," one broker said. Palm oil was mostly offered between $2.50 and $10 a tonne down from Friday. Malaysian palm oil futures closed ...

Markets - Commodities - Americas

Soy and wheat fall, following broad commodity weakness CHICAGO: US soybean futures fell on Monday on profit-taking as soymeal backed down from contract highs and as the US dollar firmed, steering investors away from commodities, analysts said.Wheat also declined but corn futures rose, bucking the weak trend.At the Chicago Board of Trade as of 11:58 a.m. CST (1658 GMT), July soybeans were down 16-1/4 cents at $10.58 per bushel after dipping to $10.52.CBOT July wheat was down 3-1/4 cents at $4.64-1/2 a bushel ...

Markets - Commodities - Europe

European feeds-Soymeal firms on Argentine supply worries ROTTERDAM: Soymeal on the European meals and feeds market were offered mostly firmer on Monday, tracking gains in Chicago soymeal on the back of worries over Argentine supplies following recent excessive rains. "It seemed that shorts on soymeal on Chicago were pressed into a corner last week, and CBOT futures reversed today during early trade on profit taking, that is the reason that the European cash market did not follow Chicago all the way up," ...

Markets - Commodities - Europe

Sugar falls, pressured by COT data, coffee steadies LONDON: Raw sugar on ICE fell on Monday, pressured by falling oil and metals prices and Commitments of Traders data showing a record net long position held by speculators, raising fears that the position may not extend much further.Coffee steadied, buoyed by a poor Brazilian robusta harvest.Speculators hiked a bullish stance in raw sugar on ICE Futures U.S. in the week to May 17, bringing their net long position to record levels for a third ...

Markets - Commodities - Europe

Copper slips as US rate rises come into view LONDON: Copper prices fell on Monday towards the three-month lows hit last week as expectations that the U.S. Federal Reserve will raise interest rates in June reinforced worries about weak demand growth in top consumer China.Benchmark copper on the London Metal Exchange was down 0.3 percent at $4,565 a tonne at 1345 GMT, having last week touched $4,540, its lowest since the middle of February.Higher U.S. rates could mean a stronger dollar, which has a ...

Markets - Commodities - Europe

Gold touches 3-1/2 week low on Fed rate expectations LONDON: Gold dipped to a 3-1/2 week low on Monday, as the dollar firmed and expectations rose that the US Federal Reserve will hike interest rates as early as June.Bullion has been under pressure since the Fed last week released the minutes of its April meeting, which showed officials believe the US economy could be ready for another interest rate increase next month.Higher interest rates increase the opportunity cost of holding non-yielding bullion.US interest rates ...