01182017Wed
Last update: Wed, 18 Jan 2017 10am

Americas

Markets - Commodities - Americas

European vegoils-Palm oil up on technicals, tight supply fears ROTTERDAM: Palm oil on the European vegetable oils market firmed on Monday on technical buying in futures markets towards the end of the year, buoyed by concerns about tight nearby supplies. Palm oil was offered between unchanged and $12.50 a tonne up from Friday after Malaysian palm oil closed between 37 and 50 ringgit per tonne higher, helped by tight supplies and price forecasts by leading analysts at an industry conference on Friday. "Towards the end of the year prices are usually friendly due to technical (factors) and concerns about availability and logistic difficulties around the holiday season," one broker said. At 1730 GMT CBOT soyoil futures were between 0.04 and 0.16 cents per lb up, tracking stronger Chicago soybeans on a mix of speculative and technical buying, and export demand for US soybeans. Strong energy markets also supported soyoil. EU rapeoil was offered between 11 and 15 euros per ...

Markets - Commodities - Americas

Brazil cocoa output to recover in 2016/17, industry eyes expansion SAO PAULO: Brazil's new-crop cocoa production is poised for a recovery after a steep fall in the previous season due to drought, according to estimates from an analyst and the main local industry association. The recovery will lead local processors next year to pare back the large volume of imports that they booked this year to supply the local industry. According to the AIPC, the association which represents cocoa processors in the country such as ...

Markets - Commodities - Americas

CBOT Trends-Wheat down 3-5 cents, corn steady-down 1, soy up 9-10 CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Monday.NOTE: The US Commodity Futures Trading Commission is scheduled to release its weekly Commitments of Traders report at 2:30 p.m. CST (2030 GMT). Wednesday is first notice day for deliveries against CBOT December futures. WHEAT - Down 3 to 5 cents per bushel Heading lower for ...

Markets - Commodities - Americas

Exports help soybeans to new 4-month top after US holiday CHICAGO/PARIS: Chicago Board of Trade soybean futures rose on Friday to a new four-month high as stronger than expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure. Soybeans remained firm despite easing soyoil futures, which gave back some of the huge gains from Wednesday when vegetable oils were fired up by increased US biofuel targets. Corn and wheat edged lower as higher than anticipated weekly export sales failed ...

Markets - Commodities - Americas

Brazil launches campaign to lower tariffs on instant coffee UNA: Brazil's instant coffee industry launched a campaign on Friday to lower tariffs in importing countries with the aim of boosting sales abroad by the world's largest exporter of soluble coffee by 50 percent over the next decade. The country's soluble coffee industry association, Abics, and Brazil's export promotion agency Apex are running the project that will have investments of 1.3 million reais ($380,000).The project will focus on direct trade talks with countries over their ...

Markets - Commodities - Americas

European vegoils-Palm oil up on weak ringgit and production woes ROTTERDAM: Palm oil offers on the European vegetable oils market were slightly firmer on Friday on the back of stronger Malaysian palm oil futures due to a weaker ringgit and expectations of lower production. Palm oil was offered between $2.50 a tonne down and $5 up from Thursday after Malaysian palm oil closed at between 28 and 50 ringgit per tonne due to persistent weakness in the ringgit and falling output in 2016.A drop of ...

Markets - Commodities - Americas

European feeds-Soyoil little changed due to lack of leads ROTTERDAM: Soymeal offers on the European meals and feeds market were in a tight range on Friday in the absence of direction from Chicago markets after the Thanksgiving holiday on Thursday. "The market overall was quiet ... as buyers still believe Chicago is overbought," one broker said. South American soymeal was offered between unchanged and $2 a tonne down from Thursday, while rapemeal was offered two to three euros per tonne lower.Weaker rapeseed futures on ...