12082016Thu
Last update: Thu, 08 Dec 2016 05am

Asia

Markets - Commodities - Asia

Corn falls on Latam outlook, soybeans down for third session SINGAPORE/PARIS: Chicago corn fell for a third consecutive session on Tuesday, hovering close to its lowest since early October as near-perfect planting weather across Brazil anchored the market.Soybean futures also declined for a third session, trading close to their lowest in more than three weeks hit on Monday, under pressure from a steep decline in Chinese prices.The Chicago Board of Trade most-active corn contract gave up 0.2 percent to $3.36-1/2 a bushel by 1230 GMT, having dropped on Monday to its lowest since Oct. 3 at $3.35-1/2.Soybeans fell 0.4 percent to $9.80-3/4 a bushel, having closed down 0.2 percent on Monday. Wheat rose 0.5 percent to $3.93-1/2 a bushel after a more than 2 percent drop in the previous session."There is plenty of corn supply in the United States and South American plantings are progressing well in normal conditions," said Kaname Gokon at brokerage Okato Shoji in Tokyo.US farmers have ...

Markets - Commodities - Asia

India raises 2017 local wheat purchase price NEW DELHI: The Indian government has decided to raise the price at which it will buy new-season wheat from domestic farmers in 2017 by 100 rupees, a senior government official told reporters on Tuesday after a meeting of the federal cabinet. The official, who declined to be named as he was not authorised to speak to media, said the revised purchase price would be 1,625 rupees ($23.98) per 100 kg compared with 1,525 rupees a ...

Markets - Commodities - Asia

Palm reverses gains to fall for second session in a row KUALA LUMPUR: Malaysian palm oil futures declined for a second straight session on Tuesday after weaker export data from a cargo surveyor prompted traders to sell.Palm price movements have been volatile in the two previous trading sessions. Palm dropped more than 4 percent on Monday to post its sharpest intraday fall in over four months, tracking the weaker performance of rival oils on China's Dalian Commodity Exchange following talk of Chinese government measures to curb ...

Markets - Commodities - Asia

Soybeans rebound on Chinese buying, corn falls on LatAm outlook SINGAPORE: Chicago soybean futures edged higher on Tuesday snapping two sessions of declines and recovering from its lowest in more than three weeks on support from China's persistent demand.Corn fell for a third consecutive session, hovering close to its lowest since early October as near-perfect planting weather across Brazil anchored the market.The Chicago Board of Trade most-active soybean contract rose 0.3 percent to $9.86-3/4 a bushel by 0314 GMT, having closed down 0.2 percent on ...

Markets - Commodities - Asia

Palm gains on market retracement, aided by stronger soyoil KUALA LUMPUR: Malaysian palm oil futures were on track to post a session of gains on Tuesday, supported by better-performing soyoil on the Chicago Board of Trade (CBOT), and on retracement after a sharp decline in the previous session.Palm had dropped over 4 percent on Monday, posting its sharpest intraday fall in over four months, as it tracked weaker-performing rival oils on China's Dalian Commodity Exchange.Dalian was down on talk of Chinese government measures to ...

Markets - Commodities - Asia

South Korea to buy 299,000 T surplus rice to ease oversupply SEOUL: South Korea said on Tuesday it will buy 299,000 tonnes of this year's rice surplus in an effort to ease oversupply and stablise the domestic rice market in a bumper year.Asia's fourth largest economy produced nearly 4.2 million tonnes of rice this year, down 3 percent from last year's 4.33 million, but still supply outstrips demand due to low consumption, the country's agriculture ministry said in a statement citing Statistics Korea data released on ...

Markets - Commodities - Asia

Palm posts biggest fall in over 4 months, tracking Dalian KUALA LUMPUR: Malaysian palm oil futures fell over 4 percent on Monday to post their biggest intraday drop in over four months, retreating from a four-year high in the previous session as they tracked weaker-performing rival oils on China's Dalian Commodity Exchange.Benchmark palm oil futures for January on the Bursa Malaysia Derivatives Exchange were down 4.1 percent at 2,852 ringgit ($659) a tonne at the close of trade, their biggest intraday decline since July 8.Traded ...