08262016Fri
Last update: Fri, 26 Aug 2016 01am

Markets - Commodities

Markets - Commodities - Asia

Soybeans ease after rally to 4-week top, corn up for 5th day SINGAPORE: Chicago soybean prices slid on Thursday as the market took a breather after climbing to a four-week high earlier in the session on the back of strong purchases by top importer China.Corn rose for a fifth consecutive session on expectations of strong demand from animal feed makers and short-covering, while wheat dipped after closing marginally higher on Wednesday.The Chicago Board of Trade most-active soybean contract had fallen 0.2 percent to $10.13-3/4 a bushel by 0259 GMT. Earlier in the session, the contract hit $10.17-1/2 a bushel, matching Wednesday's highest price, which was the strongest since July 21.Corn gained 0.5 percent to $3.41-1/2 a bushel and wheat lost 0.1 percent to $4.25-3/4 a bushel.The soybean market is being torn between bearish influence stemming from expectations of record US production and support from strong purchases by China."Some of the yield reports coming out of the US are just enormous, they are ...

Markets - Commodities - Asia

Palm falls from 10-week top on market correction, stronger ringgit KUALA LUMPUR: Malaysian palm oil futures retreated from a 10-week high in early trade on Thursday, falling on a market correction and dragged down by a stronger ringgit.Benchmark palm oil futures for October on the Bursa Malaysia Derivatives Exchange declined 0.6 percent to reach 2,627 ringgit ($658) per tonne at the midday break, having touched a high of 2,668 ringgit on Wednesday evening.The market rose 4 percent on Wednesday for its strongest one-day gain in ...

Markets - Commodities - Americas

US soybeans ease after rally to 4-week top, wheat falls SINGAPORE: Chicago soybeans slid on Thursday as the market took a breather after climbing to a four-week high on the back of strong purchases by top importer China.Wheat fell about half a percent in early Asian trade, while corn was little changed after rising marginally in the last session.Copyright Reuters, 2016

Markets - Commodities - Asia

Coal comes out of years of pain to be one of 2016's hottest commodities SINGAPORE: Thermal coal prices were the first major energy fuel to go into a tailspin, shedding 70 percent in value between 2011 and late 2015, and analysts from the International Energy Agency (IEA) to Goldman Sachs last year said coal was in terminal decline.Yet not even a year on, the picture has changed: Driven by a sharp cut in Chinese coal mining and strong demand across the Asia Pacific region, including South Korea, Japan and ...

Markets - Commodities - Asia

Spot gold may rise above neutral range of $1,337.22-$1,358.01 SINGAPORE: Spot gold is biased to rise above a neutral range of $1,337.22-$1,358.01 per ounce, and rise into the range of $1,365-$1,373, as it is approaching $1,358.01. The range is formed by the Aug. 17 low and the Aug. 16 high. A break above $1,358.01 could confirm the progress of an upward wave C - the third wave of a three-wave cycle from the July 21 low of $1,310.56, towards the range formed by its ...

Markets - Commodities - Americas

Raw sugar drops 3pc on weak Brazil currency, higher output NEW YORK/LONDON: Raw sugar futures slid 3 percent on Wednesday, breaking a three-session winning streak as the currency in top grower Brazil weakened and the government there revised its production forecast upward.Cocoa futures extended gains to one-month highs, after briefly paring gains on producer selling, while the New York September/December spread widened to a contract low ahead of the spot contract's first notice day on Thursday. Coffee prices fell to multi-week lows on weakness in ...

Markets - Commodities - Americas

CBOT soybeans rise on fresh export deal, soyoil rally CHICAGO: US soybean futures rose to their highest in nearly four weeks on Wednesday on signs that strong export demand would mitigate the bearish impact of what is expected to be a record-large soybean harvest in the coming weeks.A sharp rally in the soyoil market, keyed by strength in palm oil futures, added to the strength in soybeans.The US Agriculture Department said on Wednesday private exporters reported the sale of 381,000 tonnes of soybeans to ...