06282016Tue
Last update: Tue, 28 Jun 2016 12pm

Europe

Markets - Commodities - Europe

European vegoils-Palm oil softer in mild correction ROTTERDAM: Palm oil on the European vegetable oils market was offered slightly lower on Thursday in a mild correction from the day before, when sellers took some dollars protection during a public holiday in Malaysia. Palm oil was offered between $2.50 and $10 a tonne down after Malaysian palm oil futures closed between unchanged and 35 ringgit per tonne up recovering earlier losses as some traders bought palm before a possible spike in the ringgit if Britain votes to stay in the European Union. Malaysian palm oil futures were closed on Wednesday for a public holiday. "Although the Brexit referendum was not really a talking point for business the market remained cautiously subdued, probably because of it," one broker said. At 1630 GMT CBOT soyoil futures were between 0.19 and 0.28 cents per lb firmer on the back of firmer energy markets and due to technical buying with Chicago dealers ...

Markets - Commodities - Europe

European feeds-Soymeal down again on improving US crop weather ROTTERDAM: Soymeal on the European meals and feeds market eased further on Thursday, following technical selling in CBOT soymeal futures on the back of improving weather in the US Midwest and following weakness in Chicago corn futures. "There is little upward stretch in the cash market as demand remains slack at the current levels with compounders hardly showing interest because their clients are wary of purchasing compound feed due to low milk and meat prices," ...

Markets - Commodities - Europe

Arabica coffee firms; London cocoa down on stronger pound LONDON: Arabica coffee on ICE firmed in technically driven dealings on Thursday, supported by a weaker dollar, while a stronger pound weighed on London cocoa.Raw sugar futures dipped as harvest weather conditions improved and port congestion eased in centre-south Brazil.Upside in arabica coffee was capped by an ample harvest now under way in top grower Brazil."If you look at the Brazilian (output) numbers, they're huge, but there is a big problem on the quality side ...

Markets - Commodities - Europe

Russia's Mechel Q1 steel output down 6 pct, coal up 3pc y/y MOSCOW: Russian coal and steel producer Mechel said on Thursday its first-quarter steel output fell 6 percent, while coal production rose 3 percent compared with the same period a year ago. Mechel, controlled by businessman Igor Zyuzin, said steel output reached 1.0 million tonnes, while coal production was at 5.7 million tonnes. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Arabica coffee, sugar firm; London cocoa down on stronger pound LONDON: Arabica coffee and raw sugar futures on ICE firmed in technically driven dealings on Thursday, supported by a weaker dollar, while a stronger pound weighed on London cocoa as Britons voted on whether to remain in the European Union.Upside in arabica coffee was capped by an ample harvest now under way in top grower Brazil."If you look at the Brazilian (output) numbers, they're huge, but there is a big problem on the quality side ...

Markets - Commodities - Europe

Corn slips again on rain relief, weak dollar underpins PARIS/SINGAPORE: Chicago corn fell for a fourth straight session on Thursday to a new one-month low as widespread rains across the US Midwest lifted crop prospects and dissipated recent weather concerns.Losses were limited by a weaker dollar and broad gains in commodities and equities as voting got under way in Britain's referendum on EU membership.Soybeans edged lower, curbed by the improving crop weather in the Midwest, but remained supported by brisk export demand. Grain markets ...

Markets - Commodities - Europe

Copper hits six-week high on optimism Britain will stay in EU LONDON: Copper prices rose to their highest in more than six weeks on Thursday as opinion polls indicating that Britons favour staying in the European Union boosted sentiment that was also reinforced by a weaker dollar.Benchmark copper on the London Metal Exchange (LME) gained 1.1 percent to $4,751 a tonne in official trading. It had earlier touched $4,780, its highest since May 9, on low volumes.The campaign to keep Britain in the European Union received ...