09252016Sun
Last update: Sun, 25 Sep 2016 07am

Europe

Markets - Commodities - Europe

CME says to launch EU wheat futures in September PARIS: CME Group said on Monday it plans to launch European Union wheat futures and options on Sept. 12, completing a long-planned entry into the world's biggest wheat production zone where it will go head to head with Euronext. The futures will be listed on the Chicago Board of Trade (CBOT), CME said in a statement. They will be priced in euros and physically deliverable to silos in France, in line with draft versions previously reported by market sources. The first delivery position open for trading will be December 2016 and quality specifications will include minimum levels of 10.5 percent for protein and 170 for Hagberg falling numbers, it said. CME will be competing against Euronext's milling wheat contract that is a price benchmark in the EU. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

London cocoa falls on sterling surge, sugar also down LONDON: London cocoa futures fell on Monday, weighed down by a sharp rise in sterling, although the market was underpinned by the prospect of a large global deficit in the current 2015/16 season.Raw sugar futures were lower, with drier conditions in Centre-South Brazil set to improve the cane crush in the world's top producer, while arabica coffee prices also eased.London September cocoa fell 19 pounds, or 0.8 percent, to 2,249 pounds a tonne by 1123 ...

Markets - Commodities - Europe

Coal prices jump, pushing German curve to new 2016 high FRANKFURT: European power curve prices rose sharply on Monday, driven by price gains in the related coal market, with the German benchmark position for year-ahead delivery reaching a new 2016 high. "We're seeing power prices aligned with coal," one trader said. "That is the most important factor."Imported hard coal in Europe, accounting for 18 percent of generation in Germany in 2015, cost $57 a tonne for the 2017 position, 3.3 percent more than last Friday.Global ...

Markets - Commodities - Europe

European coal futures rise to highest level for nearly a year LONDON: European coal futures rose on Monday to their highest level in almost a year, lifted by higher oil prices and a weaker US dollar. European coal futures rose 3.3 percent from the previous settlement to $57 a tonne at 0839 GMT -- their highest level since July 31, 2015.Rising oil prices and a weaker US dollar against currencies in coal production countries have helped push coal prices up, a coal trader said.Coal futures have ...

Markets - Commodities - Europe

Russian wheat export prices down on upcoming crop MOSCOW: Russian wheat export prices fell last week on expectations of an upcoming large crop, which may be the largest in the country's post-Soviet history, analysts said on Monday.If the weather remains favourable, Russia, a major global wheat exporter, will harvest 64.5 million tonnes this year, up from 61 million in 2015. It will be its third straight year of a large crop amid ample global supplies and low prices.Black Sea prices for Russian wheat ...

Markets - Commodities - Europe

Iraq bought 100,000 T rice in tender, mostly from India HAMBURG: Iraq's state grains buyer purchased about 100,000 tonnes of rice expected to be mainly sourced from India in a tender which closed on June 8, European traders said on Monday.The purchase largely involved parboiled rice, they said. Price was unclear.The tender had sought July/August shipment, they said.Copyright Reuters, 2016 ...

Markets - Commodities - Europe

European vegoils-Palm oil higher with futures on technicals ROTTERDAM: Palm oil on the European vegetable oils market firmed on Friday because of a technical correction in Malaysian palm oil futures on the back of a weak ringgit. Palm oil was mostly offered between $5 and $12.50 a tonne up from Thursday after Malaysian palm oil futures closed between 30 and 44 ringgit per tonne higher supported by a weaker ringgit and short covering. "Cash palm oil was offered higher with a rebound in ...