07012016Fri
Last update: Fri, 01 Jul 2016 11am

Asia

Markets - Commodities - Asia

Corn around 1-month low, Black Sea quality concerns firm wheat SINGAPORE: US corn futures hovered around their lowest in around a month on Wednesday, but with some bargain-buying support after a dramatic fall of almost 6 percent on Tuesday caused by improving US crop weather.Wheat firmed on concerns over possible quality damage to the Black Sea region crop, while soybeans rose on strong export demand for US supplies, especially from China.The Chicago Board of Trade July corn contract corn was down 0.1 percent at 3.95-1/2 a bushel at 1017 GMT, its lowest since May 24.Corn's 5.9 percent drop on Tuesday was the biggest fall for a spot contract since September 2013 as forecasts for much-needed rain this week in U.S Midwest grain belts eased worries about dryness, sparking heavy investment fund selling.July soybeans gained 0.1 percent to $11.35-1/4 a bushel and July wheat added 0.6 percent to $4.61-1/4 a bushel.Corn was still moving in and out of positive territory in ...

Markets - Commodities - Asia

China sells 17,500 tonnes cotton at state reserves auction BEIJING: China sold a total of 17,500 tonnes of cotton from state reserves at an auction on Wednesday, according to a statement posted on a cotton industry website. The amount sold represents 97 percent of the total amount of cotton available at Wednesday's auction, and was sold at an average price of 12,230 yuan ($1,859.57) per tonne, according to the cncotton.com website.A total of 23,200 tonnes was sold at an auction on Tuesday, more than ...

Markets - Commodities - Asia

China sells 17,500 T cotton at state reserves auction: industry website BEIJING: China sold a total of 17,500 tonnes of cotton from state reserves at an auction on Wednesday, according to a statement posted on a cotton industry website.The amount sold represents 97 percent of the total amount of cotton available at Wednesday's auction, and was sold at an average price of 12,230 yuan ($1,859.57) per tonne, according to the cncotton.com website.A total of 23,200 tonnes was sold at an auction on Tuesday, more than 99 ...

Markets - Commodities - Asia

TOCOM climbs on firmer oil rates, higher Shanghai futures TOKYO: Benchmark Tokyo rubber futures climbed on Wednesday, backed by firmer oil prices and higher Shanghai futures, but trade was light as investors nervously eyed Britain's EU membership referendum due on Thursday.The Tokyo Commodity Exchange (TOCOM) rubber contract for November delivery finished up 1.9 yen, or 1.2 percent, at 155.7 yen ($1.49) per kg.Behind the rise were stronger oil prices and gains in overseas rubber markets, said a Tokyo-based dealer.Oil prices rose during Asian trading ...

Markets - Commodities - Asia

India plans to import 500,000 T of corn to overcome shortage NEW DELHI: India is considering importing an extra 500,000 tonnes of duty-free corn to overcome a shortage after a second straight drought cut output, a government source said on Wednesday.India is traditionally a major corn exporter to Southeast Asia, but higher local prices because of the drought and rising domestic demand have halted exports and forced it to import.In its first international tender, government-backed trader PEC awarded a contract to South Korea's Daewoo International to ...

Markets - Commodities - Asia

TOCOM climbs on firmer oil rates, higher Shanghai futures TOKYO: Benchmark Tokyo rubber futures climbed on Wednesday, backed by firmer oil prices and higher Shanghai futures, but trade was light as investors nervously eyed Britain's EU membership referendum due on Thursday.The Tokyo Commodity Exchange (TOCOM) rubber contract for November delivery finished up 1.9 yen, or 1.2 percent, at 155.7 yen ($1.49) per kg.Behind the rise were stronger oil prices and gains in overseas rubber markets, said a Tokyo-based dealer.Oil prices rose during Asian trading ...

Markets - Commodities - Asia

Asia Rice-Prices dip in India, Thailand after major auction HANOI: Rice export prices eased this week in India and Thailand on thin buying demand, while Vietnamese sellers raised quotations slightly as their grain quality improved, traders said on Wednesday.Supply from India, Thailand and Vietnam, the world's biggest exporters, accounted for a combined 66 percent of the global rice trade in 2015, according to the U.N. Food and Agriculture Organization.India's 5 percent broken parboiled rice prices weakened this week to $380-$390 a tonne, free-on-board (FOB) ...