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

Asia

Markets - Commodities - Asia

Wheat eases from 2-week high, ample world supplies weigh SINGAPORE: Chicago wheat fell on Tuesday, with plentiful world supplies capping gains after the market climbed to a 2-week high earlier in the session on expectations of improved demand for US cargoes.Soybeans edged higher after declining on Monday, with forecasts showing much needed rains in dry parts of Argentina's crop belt."Buyers have plenty of options as there is too much wheat around," said Phin Ziebell, agribusiness economist at National Australia Bank in Melbourne."Prices came up a little bit on news of higher demand, but there is no change in fundamental picture of large supplies. You need a big supply disruption to sustain higher prices."The Chicago Board of Trade most-active wheat contract had slid 0.6 percent to $4.14-3/4 a bushel by 0346 GMT, after touching the highest since Nov. 28 at $4.18-1/2.Soybeans rose 0.1 percent to $10.32 a bushel and corn gave up 0.1 percent to $3.60 bushel.The wheat market rose ...

Markets - Commodities - Asia

Taiwan's MFIG bought 65,000 tonnes corn in tender HAMBURG: Taiwan's maize industry procurement association MFIG purchased around 65,000 tonnes of corn expected to be sourced from the United States in an international tender which closed on Thursday, European traders said on Friday.Copyright Reuters, 2016 ...

Markets - Commodities - Asia

China iron ore, steel retreat after six-day rally, but off lows MANILA: Iron ore and steel futures in China edged lower on Friday as investors locked in gains after a six-day rally anchored on firm demand and Beijing's bid to address a steel glut. But prices of both commodities came off session lows, suggesting the bullish market sentiment was largely intact.China has been cracking down on mills producing low-quality steel, those expanding operations illegally and those aggravating the country's pollution problem, helping tighten supply at a ...

Markets - Commodities - Asia

Thai 2016 rice exports exceed target at 10.5mn T BANGKOK: Thailand's rice exports this year will reach 10.5 million tonnes, the commerce minister said on Thursday, above an earlier target of 9.5 million tonnes. Thailand, the world's second biggest rice exporter, will see its rice export amount exceed its target this year, Apiradee Tantraporn told reporters and rice traders at a Bangkok event. "I'm confident that Thai rice exports will reach 10.5 million tonnes", she said. This exceeds the government's earlier target of 9.5 ...

Markets - Commodities - Asia

China soybean imports in November hit highest in nearly a year BEIJING: China, the world's largest soy buyer, imported 7.84 million tonnes of soybeans in November, the highest in nearly a year, government data showed on Thursday, as crushers replenished stocks ahead of the peak consumption period.Imports surged 50.5 percent from October and were 6 percent higher than November last year, figures from the General Administration of Customs of China showed. It was the loftiest since December last year.The big month-on-month jump reflected the arrival of ...

Markets - Commodities - Asia

China gold reserves unchanged at end-November BEIJING: China's gold reserves totalled 59.24 million fine troy ounces at the end of November, unchanged from a month earlier, the central bank said on Tuesday.  The reserves were valued at $69.8 billion, down from $75.3 billion at the end of October, reflecting the drop in the spot bullion price.  The world's second-largest economy ranks fifth on gold reserves after the United States, Germany, Italy and France.  Copyright Reuters, 2016 ...

Markets - Commodities - Asia

TOCOM pares gains as Shanghai comes off highs TOKYO: Benchmark Tokyo rubber futures extended gains on Tuesday and hit a one-week high but the gains were limited as Shanghai futures trimmed their strong gains earlier in the day after China's yuan rose to a near three-week high.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, hit a one-week high of 243.4 yen in early morning trade, near a 1-1/2-year high of 245.6 yen hit on Nov. 29.The Tokyo Commodity Exchange rubber contract for ...