05272016Fri
Last update: Fri, 27 May 2016 03pm

Europe

Markets - Commodities - Europe

EU wheat eases with US prices, crop weather watched PARIS: Paris wheat futures edged down on Monday as lower US prices outweighed weakness in the euro that was supporting strong end-of-season export demand for European wheat. Volumes on Euronext were light and prices held in their recent range as the traders monitored weather news and awaited a clearer picture for this summer's harvests. September milling wheat on Paris-based Euronext settled down 0.50 euro, or 0.3 percent, at 163.00 euros a tonne. It remained within the 159-165 euros zone that has held in the past month. "The market has been lower all day despite the soft euro, given that US prices have fallen since our close on Friday," one futures dealer said. "But when you look at the range on price charts we're sitting perfectly in it. There could be another three or four weeks like this until the harvest outlook becomes clearer."Euronext has been underpinned by brisk export activity ...

Markets - Commodities - Europe

European vegoils-Palm oil down with Chinese markets and on ringgit ROTTERDAM: Palm oil on the European vegetable oils market eased on Monday following weakness in Malaysian palm oil futures, which dipped on a stronger ringgit and a fall in Chinese vegetable oils. "It looks like the bullish sentiment has lost momentum now that all kinds of agricultural products and energy markets are easing," one broker said. Palm oil was mostly offered between $2.50 and $10 a tonne down from Friday. Malaysian palm oil futures closed ...

Markets - Commodities - Europe

European feeds-Soymeal firms on Argentine supply worries ROTTERDAM: Soymeal on the European meals and feeds market were offered mostly firmer on Monday, tracking gains in Chicago soymeal on the back of worries over Argentine supplies following recent excessive rains. "It seemed that shorts on soymeal on Chicago were pressed into a corner last week, and CBOT futures reversed today during early trade on profit taking, that is the reason that the European cash market did not follow Chicago all the way up," ...

Markets - Commodities - Europe

Sugar falls, pressured by COT data, coffee steadies LONDON: Raw sugar on ICE fell on Monday, pressured by falling oil and metals prices and Commitments of Traders data showing a record net long position held by speculators, raising fears that the position may not extend much further.Coffee steadied, buoyed by a poor Brazilian robusta harvest.Speculators hiked a bullish stance in raw sugar on ICE Futures U.S. in the week to May 17, bringing their net long position to record levels for a third ...

Markets - Commodities - Europe

Copper slips as US rate rises come into view LONDON: Copper prices fell on Monday towards the three-month lows hit last week as expectations that the U.S. Federal Reserve will raise interest rates in June reinforced worries about weak demand growth in top consumer China.Benchmark copper on the London Metal Exchange was down 0.3 percent at $4,565 a tonne at 1345 GMT, having last week touched $4,540, its lowest since the middle of February.Higher U.S. rates could mean a stronger dollar, which has a ...

Markets - Commodities - Europe

Gold touches 3-1/2 week low on Fed rate expectations LONDON: Gold dipped to a 3-1/2 week low on Monday, as the dollar firmed and expectations rose that the US Federal Reserve will hike interest rates as early as June.Bullion has been under pressure since the Fed last week released the minutes of its April meeting, which showed officials believe the US economy could be ready for another interest rate increase next month.Higher interest rates increase the opportunity cost of holding non-yielding bullion.US interest rates ...

Markets - Commodities - Europe

Copper slides as US rate rises come into view LONDON: Copper prices slipped on Monday towards the three-month lows hit last week as expectations that the U.S. Federal Reserve will raise interest rates in June reinforced worries about weak demand growth in top consumer China.Benchmark copper on the London Metal Exchange was down 0.3 percent at $4,565 a tonne at 0900 GMT, having last week touched $4,540, its lowest since the middle of February.Higher U.S. rates could mean a stronger dollar, which has a ...