08252016Thu
Last update: Thu, 25 Aug 2016 12am

Australia

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 $3.33 a bushel - the lowest since October, 2014. Corn closed down 2.5 percent in the previous session.Analysts said corn was coming under pressure as any lingering weather related supply concerns ease."The proportion of U.S corn rated in good to excellent condition added to the bearish tone," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia, adding that updated weather models are also favourable."While corn is not yet totally in the clear, the ...

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 ...

Markets - Commodities - Australia

Nickel rises for third day as Philippine supply threat simmers MELBOURNE: London nickel and copper rose for a third day on Tuesday on Philippine supply concerns, and after investors took heart from a robust U.S. labour report.Concerns that the Philippines, China's top supplier of nickel ore used in making stainless steel, may shut some mines after a month-long review that started in July has boosted nickel prices. Nickel prices in London have climbed 7.2 percent since the country announced the review on July 1."It's not ...

Markets - Commodities - Australia

London copper drifts on firmer dollar, nickel takes aim at $10,000 MELBOURNE: London nickel took another shot at the $10,000 mark on Monday as prices gained steam on supply concerns after the Philippines toughened its stance on mining, threatening supply to China.LME nickel rose 1.1 percent to $9,985 a tonne, within sight of the $10,410 a tonne it touched on July 4, the highest since last October. Prices have jumped 32 percent from 13-year lows hit in mid-February.The Philippines has ordered the suspension of operations at ...

Markets - Commodities - Australia

Wheat rebounds from near four-month low; global supplies cap gains SYDNEY: US wheat edged higher on Thursday, rebounding from a near four-month low touched in the previous session, though ample global supplies provided a ceiling to gains.Corn rose nearly 1 percent, recouping about a third of the losses from the previous session, while soybeans rose more than 0.5 percent.The most active wheat futures on the Chicago Board of Trade rose 0.4 percent to $4.46-1/4 a bushel by 0541 GMT, after closing down 2.8 percent on ...

Markets - Commodities - Australia

Wheat rebounds from near 4-month low; global supplies cap gains SYDNEY: US wheat edged higher on Thursday, rebounding from a near four-month low touched in the previous session, though ample global supplies provided a ceiling to gains.Corn rose nearly 1 percent, recouping about a third of the losses from the previous session, while soybeans rose more than 0.5 percent.The most active wheat futures on the Chicago Board of Trade rose 0.28 percent to $4.45-3/4 a bushel on Thursday, after closing down 2.8 percent on Wednesday ...