02112016Thu
Last update: Thu, 11 Feb 2016 01pm

Americas

Markets - Commodities - Americas

Gold up after US payrolls data, set for weekly gain NEW YORK: Gold rose in line with equities and commodities on Friday, set for a weekly gain, after US nonfarm payrolls data showed modest job growth in January.   Bullion prices climbed after the Labor Department also said US job gains in the prior two months were bigger than initially reported, supporting views the economy's sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012.   Other data showing improved US factory activity and better consumer confidence data also sent the Dow above 14,000 points for the first time since October 2007, lifting gold and industrial commodities, led by crude oil.   The decent payrolls data and signs of a recovering US economy, however, have dampened gold's investment case as a hedge against further monetary stimulus by the Federal Reserve and its safe-haven appeal, an analyst said.   "As an investor, I really do struggle with gold because along with ...

Markets - Commodities - Americas

ICE raw sugar futures open interest climbs to three years high NEW YORK: Total open interest in raw sugar futures on ICE Futures US soared to the highest level in three years on Jan. 31, exchange data showed on Friday.   Sugar open interest rose to 835,283 contracts on Thursday, up 1 percent from the previous session and the highest level since Feb. 12, 2010.   Copyright Reuters, 2013 ...

Markets - Commodities - Americas

US Cash Soymeal-Offers ease after farmers sell soybeans CHICAGO: Cash basis offers for soymeal were steady to weaker in the US Midwest interior on Thursday following a pick-up in farmer sales of soybeans in the last day, dealers said.   * Farmers sold old-crop as well as new-crop soybeans after CBOT front-month futures hit a six-week high and spot cash prices reached $15 in some areas. Producers were offering new-crop soybeans at around $13.   * As a result of the flush of soybean offerings from the ...

Markets - Commodities - Americas

Malaysian palm oil futures jump 3pc on exports, South American weather   SINGAPORE: Malaysian palm oil futures jumped 3 percent to a more-than-three-month high on Thursday, supported by better-than-expected export data and dry weather concerns in key soy producing areas in Argentina.   Dry weather is starting to threaten soybean yields in parts of Argentina's main crop belt, possibly lowering soybean oil output and turning buyers to cheaper palm oil, priced at a discount of more than $300.   Traders were also cheered by a reduced fall in Malaysia's January palm ...

Markets - Commodities - Americas

Markets edge higher as dryness threatens Argentine crops CHICAGO: US grain and soybean futures edged higher on Monday as traders worried dry weather will trim output in Argentina, the world's top exporter of soy products and second-largest corn supplier.   All eyes are on weather models as Argentina and Brazil need to produce large crops to meet strong demand for soybeans from top importer China.   Traders broadly expect large harvests in South America in the coming months, but every twist in the weather is being scrutinised ...

Markets - Commodities - Americas

ICE cocoa at 6-mth low, raw sugar vaults on short-covering NEW YORK/LONDON: Cocoa futures on ICE eased to a seven-month low on Monday, dropping for the third straight day as the weak sterling and long liquidation pressured the market, while short-covering lifted raw sugar to a two-week high in heavy volume.   Coffee futures trading in both New York and London turned quietly lower.   Sterling weakness against the US dollar weighed on cocoa trading on ICE Futures US while providing light support to Liffe cocoa, though improved crop ...

Markets - Commodities - Americas

Rain shift favors Brazil soy harvest, now at 3pc SORRISO: The latest forecasts favor Brazil's expected record soybean crop as they predict rain will move out of the center-west region to allow the harvest to continue and move to the south where dry fields need the moisture.   Local crop analysts Celeres said on Monday that Brazil had harvested 3 percent of the crop as of last week, with the bulk of the harvest coming from the top two producing states of Mato Grosso and Parana ...