09282016Wed
Last update: Wed, 28 Sep 2016 01pm

Asia

Markets - Commodities - Asia

Wheat up more as US crop deteriorates SINGAPORE/PARIS: Chicago wheat gained more ground on Tuesday as the US winter crop deteriorated in harsh weather and importers locked in supplies, taking advantage of a decline in prices to a one-month low last week.Corn followed through while soybeans were firm after notching up their biggest one-day gain in nearly two months on Monday, as low prices attracted buying."Perhaps the cold did worry some punters out of their shorts," said Tobin Gorey, director of agriculture strategy, Commonwealth Bank of Australia in a note to clients."Traders stepped in from the sidelines to buy soybeans at the lowest prices since early December."Chicago Board of Trade March wheat rose 0.9 percent to $5.94-1/4 a bushel by 1149 GMT, after climbing 1.3 percent in the last session.March soybeans were down 0.1 percent at $10.44-1/2 a bushel, having firmed 3.75 percent on Monday. The front-month soybean contract was trading 0.2 percent higher after jumping 3.7 ...

Markets - Commodities - Asia

Copper holds near 4-1/2 year low; pressured by dollar, oil KUALA LUMPUR: London copper dipped on Tuesday to hold near a 4-1/2 year low, dragged lower by a rising dollar, falling energy prices and concerns about the outlook for demand from top consumer China as the country moves to raise output.Three-month copper on the London Metal Exchange (LME) slipped 0.2 percent to $6,135 a tonne at 1225 GMT, not far from a 4-1/2 year low of $6,095.50 hit on Monday.The dollar traded near a nine-year ...

Markets - Commodities - Asia

Copper holds near 4-1/2 year low; pressured by dollar, oil KUALA LUMPUR: London copper dipped on Tuesday to hold near a 4-1/2 year low, dragged lower by a rising dollar, falling energy prices and concerns about the outlook for demand from top consumer China as the country moves to raise output.Three-month copper on the London Metal Exchange (LME) traded at $6,120 a tonne, down 0.3 percent and not far from a 4-1/2 year low of $6,095.50 hit on Monday.The dollar traded near a nine-year high ...

Markets - Commodities - Asia

TOCOM ends down after hitting 6-month high TOKYO: Benchmark Tokyo rubber futures closed lower on Tuesday after hitting a six-month high earlier, following a plunge in oil prices and Japanese equities, and a stronger yen, brokers said.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have recovered some strength recently due to worries over lower production in flood-hit Malaysia and Thailand, but weak demand especially in top consumer China has largely remained unchanged, they said.The ...

Markets - Commodities - Asia

Malaysia's Dec palm stocks seen at 5-month low after floods KUALA LUMPUR: Malaysian palm oil inventories probably fell to a five-month low in December, a Reuters survey found on Tuesday, after monsoon floods disrupted harvesting and transportation in parts of the world's second-biggest grower.The drop in stockpiles may give a boost to palm prices , which last year clocked their first decline since 2012, under pressure from a record supply of rival edible oils and a plunge in crude oil prices.A survey of six planters, ...

Markets - Commodities - Asia

Palm hits two-month high as ringgit slides KUALA LUMPUR: Malaysian palm oil futures rose to a two-month high on Tuesday as the ringgit slumped to a 5-1/2-year low and floods raised the prospect of tighter supplies.The Malaysian ringgit fell to its lowest level since July 2009 at 3.5550 per dollar - making palm a cheaper vegetable oil option for foreign investors - and the currency is expected to continue to underperform."A weaker ringgit will mean the Malaysian Derivatives Exchange will be supported," ...

Markets - Commodities - Asia

Gold prices firm above $1,200 on safe-haven bids SINGAPORE: Gold prices firmed above $1,200 an ounce on Tuesday, hitting a near three-week high, as tumbling global equities and concerns over Greece's future in the euro zone prompted investors to seek safety in the metal.Asian shares took a hit on Tuesday from sliding oil prices and political uncertainty in Greece. On Monday, both the Dow Jones Industrial Average and the S&P 500 suffered their biggest one-day declines in about three months.There is increasing speculation ...