09262016Mon
Last update: Mon, 26 Sep 2016 08am

Australia

Markets - Commodities - Australia

Soybeans rise for fifth session on strong demand for US crop SYDNEY: US soybeans rose for a fifth straight session on Tuesday, lingering near a one-week high touched during the previous session, as recent strong export demand for US supplies supported prices.Corn firmed after the US Department of Agriculture (USDA) pegged the condition of the crop below market forecasts, while wheat edged higher.The most active soybean futures on the Chicago Board Of Trade rose 0.1 percent to $9.86 a bushel, after rising 1.1 percent on Monday when prices hit a one-week high of $9.89 a bushel.Analysts said export demand for US soybean supplies and supply concerns continues to support prices."The USDA reported that a large proportion of the US soybean crop remains in favourable condition," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia."The market's optimism for strong US export demand was bolstered after the USDA reported yet another large sale of beans to China."The USDA pegged 72 percent ...

Markets - Commodities - Australia

Soybeans hit 1-week high on wave of US export deals SYDNEY: US soybeans rose on Monday for a fourth straight session, the longest unbroken rally in nearly four months, as strong export demand pushed the oilseed to a one-week high.Wheat rose more than 0.5 percent, extending gains made last week. Corn edged lower on ample supply expectations.The most active soybean futures on the Chicago Board Of Trade rose 0.8 percent to $9.82-1/4 a bushel by 0403 GMT, having earlier touched $9.89 a bushel - the ...

Markets - Commodities - Australia

Soybeans rise for a second session on demand for US supplies SYDNEY: US soybeans rose for a second session on Thursday, drawing support from international demand for US supplies, though favourable weather forecasts for key producing regions capped the rally.Corn was little changed, under pressure from expectations of silo-bursting supplies, while wheat rose for a second session.The most active soybean futures on the Chicago Board Of Trade rose 0.31 percent to $9.58-1/2 a bushel, having firmed 0.3 percent on Wednesday."The market will be tallying the net ...

Markets - Commodities - Australia

London copper hemmed in on fitful global factory growth MELBOURNE: London copper was stuck in the summer doldrums on Tuesday after a glimmer of an improvement at smaller Chinese factories in July was offset by modest reports on global manufacturing elsewhere, dampening optimism over demand.Growth eased in the euro zone last month, with factories in China, Japan and elsewhere in Asia offering only crumbs of comfort, surveys indicated, even as British manufacturers slammed on the brakes last month after the Brexit vote.A summer slowdown ...

Markets - Commodities - Australia

Corn falls to near two-year low on USDA condition report SYDNEY: US corn fell to a near two-year low on Tuesday, slipping for a second session after the U.S. Department of Agriculture pegged the condition of the crop at above market expectations.Soybeans fell more than 0.5 percent to hit a three-and-a-half month low, while wheat was little changed.The most active corn futures on the Chicago Board Of Trade fell 0.2 percent to $3.33-1/2 a bushel by 0315 GMT, having earlier hit a session low of ...

Markets - Commodities - Australia

Soybeans fall 1pc as ample global supplies regain focus SYDNEY: US soybeans fell 1 percent on Monday, retreating from a one-week high touched in the previous session, as ample global supplies offset recent support from strong demand for US shipments of the grain.Corn lost as much as 0.5 percent, while wheat climbed around 1 percent after hitting its lowest in almost 10 years on Friday.The most active soybean futures on the Chicago Board of Trade fell 1 percent to $9.92-3/4 a bushel by 0336 ...

Markets - Commodities - Australia

London copper jumps above $5,000 as risk appetite returns MELBOURNE: London copper surged through the $5,000 mark on Wednesday for the first time since late April, as renewed appetite for risk triggered a furious flurry of short-covering.Prospects of solid U.S. growth and accommodative economic policy in major markets whet investor risk appetite that had been damaged by uncertainty from Brexit.A weaker dollar and looser fiscal policy raise the allure of hard assets such as commodities that tend to hold their value as that of ...