06272016Mon
Last update: Mon, 27 Jun 2016 07am

Europe

Markets - Commodities - Europe

Arabica firms; London cocoa steadies capped by firmer pound LONDON: Arabica coffee futures on ICE firmed on Wednesday, underpinned by a softer dollar, while London cocoa steadied but was pressured by a stronger pound just a day before Britain votes on whether to remain in the European Union.Raw sugar futures dipped as port congestion in top grower Brazil eased, taking prices further away from last week's contract high.Upside in arabica coffee futures was capped by an abundant harvest now under way in top grower Brazil."Arabica is off the highs, with Brazilian output limiting the upside," Andrea Thompson, analyst with CoffeeNetwork, said.She said concerns over a very poor robusta coffee harvest in Brazil supported robusta futures on ICE, which traded near a 10-month peak.September arabica futures were up 0.7 cent, or 0.5 percent, at $1.4165 per lb by 1008 GMT, buoyed by the softer dollar against a basket of currencies.September robusta coffee was up $2, or 0.1 percent, at $1,717 ...

Markets - Commodities - Europe

Algeria buys 450,000-500,000 t milling wheat for Sept shipment: trade PARIS: Algeria's state grains agency OAIC bought around 450,000 to 500,000 tonnes of milling wheat for September shipment in a tender that closed on Tuesday, paying between $199 and $200 a tonne, including cost and freight, traders said on Wednesday.The origin of the wheat is optional but traders said the wheat was likely to come from Baltic countries due to concerns on the quality of the crop in France, Algeria's main supplier, and a better ...

Markets - Commodities - Europe

London cocoa steadies capped by firmer pound LONDON: Arabica coffee futures on ICE firmed on Wednesday, underpinned by a softer dollar, while London cocoa steadied but was pressured by a stronger pound just a day before Britain votes on whether to remain in the European Union.Raw sugar futures dipped as port congestion in top grower Brazil eased, taking prices further away from last week's contract high.Upside in arabica coffee futures was capped by an abundant harvest now under way in top grower ...

Markets - Commodities - Europe

Gold slides to two-week low as Brexit fears abate LONDON: Gold eased to a two-week low on Wednesday after its biggest one-day drop in four weeks, as growing expectations that Britain will vote to remain in the European Union calmed risk aversion and lent a steadier tone to stocks.The metal fell nearly 2 percent on Tuesday after two opinion polls suggested it was increasingly likely that voters would opt on Thursday to stay in the EU. Fears of a Leave vote had sent gold ...

Markets - Commodities - Europe

South Korea's KOCOPIA buys about 55,000 T corn: trade HAMBURG: South Korea's Korea Corn Processing Industry Association (KOCOPIA) purchased about 55,000 tonnes of yellow corn in a tender which closed on Wednesday, European traders said.The corn was purchased at $209.50 a tonne c&f, they said.The corn with genetically-modified organisms (GMOs) was sought for arrival around Sept. 10, they said.KOCOPIA had rejected all offers and made no purchase in a corn tender for the same volume and delivery period which closed on Tuesday.Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Gold rush to end whether or not Britain votes to exit EU LONDON: Gold's sharp gains on uncertainty over Britain's European Union membership are likely to come to an end, regardless of whether Britons vote to leave or remain in Thursday's referendum.Prices hit their highest since August 2014 last week as the $5-trillion a year gold market rose with other "safe" assets, such as German bunds, the Swiss franc and Japan's yen.Recent polls suggest an even split and although investors are worried about the economic and market ...

Markets - Commodities - Europe

UkrAgroConsult ups Ukraine 2016 wheat harvest, export forecast KIEV: Analyst UkrAgroConsult has raised its forecast for Ukraine's 2016 wheat harvest to 23.3 million tonnes from 22.0 million, it said on Wednesday. UkrAgroConsult said favourable weather this spring is the main reason for the improved outlook. UkrAgroConsult also increased its outlook for Ukraine's wheat exports for 2016/17 to 13.5 million tonnes from 11.5 million tonnes.Ukraine, the world's third-largest grain exporter, harvested 26.5 million tonnes of wheat in 2015.Copyright Reuters, 2016 ...