09262016Mon
Last update: Mon, 26 Sep 2016 06am

Europe

Markets - Commodities - Europe

Soybeans rise for third straight session on technical buying WINNIPEG: US soybeans rose on Monday for a third straight session, boosted by strength in vegetable oil markets and technical buying. Corn turned higher on chart-based buying and Chicago wheat finished mixed, held in check by an ongoing disruption in Egyptian wheat imports. Chicago November soybean futures climbed 6-1/2 cents, or 0.8 percent, to $9.72-1/2 a bushel after hitting a one-week high of $9.81-1/4.Soybeans and corn sagged last week following monthly US government crop forecasts that confirmed the prospect of a huge harvest, before recovering at the end of the week as rains delayed the Midwest harvest. On Monday, forecasts of a turn to drier harvest conditions led to some selling, before late technical buying buoyed soybeans and corn. "Fund managers figure there's nothing new here, we've seen the most bearish production estimates, so they're ready to move on," said Arlan Suderman, chief commodities economist at INTL FCStone. Spillover strength ...

Markets - Commodities - Europe

European vegoils-Prices boosted by gains in CBOT soyoil LONDON: Crude palm oil prices were sharply higher in Europe on Monday boosted by tight stocks and strength in rival soybean oil partly linked to a slow start to the US soybean harvest. Sellers increased asking prices for crude palm oil by $17.50 to $25.00 per tonne although no trades were reported. Trading in palm oil products resumed after they were unquoted on Friday due to a public holiday in Malaysia. Asking prices for palm ...

Markets - Commodities - Europe

Raw sugar sets four-year peak, arabica coffee also climbs LONDON: Raw sugar futures rose to their highest level in more than four years on Monday, boosted by fund buying against a backdrop of tightening global supplies. March raw sugar was up 0.35 cents or 1.6 percent at 22.82 cents per lb by 1427 GMT after rising to a peak of 22.95 cents, the highest for the second month since August 2012. Dealers said the net long position held by speculators may now be above ...

Markets - Commodities - Europe

EU wheat up in technical bounce, CME holds premium over Euronext PARIS: European wheat futures rose on Monday in light trading, supported by adjustments between the rival Euronext and CME contracts and early gains by US futures. The market shrugged off a third successive tender cancellation by Egypt, as the world's biggest wheat importer remained locked in a standoff with traders over its strict ban on grain fungus ergot.Benchmark December milling wheat on the Paris-based Euronext was up 1.75 euros, or 1.1 percent, at 160.75 euros ...

Markets - Commodities - Europe

Copper retreats after biggest weekly rise in two months LONDON: Copper eased on Monday, giving up some of the previous week's sharp gains, as concerns about persistent oversupply outweighed upbeat Chinese economic data. The metal, widely used in construction and electronics, rose more than 3 percent last week, its biggest weekly gain in two months, after Chinese economic data indicated a firmer tone to China's housing market and a revival in factory activity. It failed to hold those gains on Monday, despite more positive ...

Markets - Commodities - Europe

Gold up as dollar slips but Fed and bond yields cap gains LONDON: Gold prices rose on Monday as the dollar slipped but gains were capped by nervousness ahead of a US Federal Reserve monetary policy meeting and a rise in US government bond yields.Spot gold was 0.3 percent higher at $1,314.83 an ounce at 0939 GMT, just off a low of $1,306.26 hit on Friday which was the weakest since Sept. 1. US gold futures rose 0.6 percent to $1,318 an ounce.The US central bank meets ...

Markets - Commodities - Europe

Copper retreats after biggest weekly rise in two months LONDON: Copper fell nearly 1 percent on Monday, giving up some of the previous week's sharp gains, as concerns about persistent oversupply outweighed upbeat Chinese economic data.The metal, widely used in construction and electronics, rose more than 3 percent last week, its biggest weekly gain in two months, after Chinese economic data indicated a firmer tone to China's housing market and a revival in factory activity.It failed to hold those gains on Monday, despite more ...