12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Markets - Commodities

Markets - Commodities - Europe

Soybeans pause after near one-month high on brisk exports PARIS/SYDNEY: US soybeans turned slightly lower on Tuesday, easing from a near one-month high earlier in the session as harvest supplies capped an export-fuelled rally in the oilseed market.Corn edged down, falling from a near three-week high touched on Monday, while wheat eased from a one-week high in the previous session after official crop ratings for US winter wheat were in line with expectations.The most active soybean futures on the Chicago Board Of Trade earlier rose to $10.28-3/4 a bushel, the highest since Oct. 27, but later gave up their gains and by 1230 GMT were down 0.1 percent at $10.19 a bushel.Brisk export activity has allowed the soybean market to withstand supply pressure as an expected record US harvest rolls in."The US soybean harvest is now over. US farmers will be eager to sell into any rallies before importers' attention starts to shift towards South American crops," said Tobin ...

Markets - Commodities - Europe

Gold gains for second day on dollar decline, bargain hunting LONDON: Gold rose on Tuesday, climbing further away from last week's 5-1/2-month lows on short-covering as the dollar weakened and physical buying in Asia supported prices.Donald Trump's US presidential election victory initially saw a flight to safe-haven assets such as gold but the run reversed as the dollar and bond yields surged on expectations of higher US spending and interest rates.Spot gold was up 0.2 percent at $1,216.60 an ounce by 1232 GMT, though analysts ...

Markets - Commodities - Asia

Soybeans hit near one-month high on strong export data SYDNEY: US soybeans rose for a fourth straight session on Tuesday to hit a near one-month high as strong export demand and fund buying underpinned gains.Corn edged down, falling from a near three-week high touched in the previous session, while wheat fell despite the US Department of Agriculture reporting the condition of the winter crop fell last week.The most active soybean futures on the Chicago Board Of Trade rose 0.27 percent to $10.24 a bushel ...

Markets - Commodities - Asia

London copper hits one-week high on inflation expectations SHANGHAI: London copper jumped to its highest in a week on Tuesday as investors bet that rising oil prices would stoke inflation, increasing the allure of commodities as a hedge, while falling inventories also supported prices."Optimism returned to the industrial metals complex despite a stronger USD," ANZ said in a report."This saw a broad-based rally across base metals. Copper was boosted by another fall in inventories on the LME. Stocks are now down nearly 30 ...

Markets - Commodities - Asia

Palm heads for 2nd session of gains, tracking stronger soyoil KUALA LUMPUR: Malaysian palm oil futures extended gains into a second session on Tuesday, reaching a more than one-week high, supported by gains in rival soyoil on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.Benchmark palm oil futures for February delivery on the Bursa Malaysia Derivatives Exchange were up 0.7 percent at 2,940 ringgit ($664) a tonne at the midday break. They earlier climbed to an intraday high of 2,944 ringgit, their ...

Markets - Commodities - Europe

Russian wheat export prices rise, reflecting stronger global markets MOSCOW: Russian wheat export prices have risen for the ninth consecutive week, reflecting stronger global markets, analysts said on Monday. US wheat rose on Monday to hit an 11-day high as expectations for reduced plantings and fears of continued dry weather pushed the grain to its longest unbroken rally in three weeks.Black Sea prices for Russian wheat with 12.5 percent protein content for November supply were at $183 a tonne on a free-on-board (FOB) basis ...

Markets - Commodities - Americas

US wheat stays firm on planting doubts, crop data eyed PARIS/SYDNEY: US wheat touched its highest level in more than a week on Monday as expectations for reduced plantings and risks to crops from dry weather lent support to a market that has been weighed down by large inventories.Soybeans and corn also touched their highest levels in over a week, with higher crude oil prices and an easing in the dollar from a near 14-year high helping crop markets.Corn, however, turned slightly lower during European ...