05252016Wed
Last update: Wed, 25 May 2016 04am

Europe

Markets - Commodities - Europe

Corn eases from one-month high as dollar extends rally PARIS/SINGAPORE: Chicago corn futures eased on Thursday as further strength in the dollar prompted investors to take profits after a five-day rally took corn to a near one-month peak in the last session.The dollar rose in European trading to its highest since late March against a basket of currencies, extending gains from Wednesday when the minutes of the US Federal Reserve's last policy meeting revived expectations for a June interest rate hike."The dollar strength is bearish for corn, wheat and soybeans," said Kaname Gokon at brokerage Okato Shoji in Tokyo."But we have corn planting delays due to cool and wet weather in the Midwest which will prevent any deep decline in prices."The most-active corn contract on the Chicago Board Of Trade fell 0.7 percent to $3.96-3/4 a bushel by 1058 GMT.Corn hit a near one-month high of $4.00-1/2 a bushel in the last session, the most since April 21, but ...

Markets - Commodities - Europe

Gold slides to three-week low on Fed rate expectations LONDON: Gold fell to a three-week low on Thursday, extending the previous day's slide, after minutes from the Federal Reserve's April policy meeting signalled that it could raise US interest rates as soon as next month.The minutes indicated that the US central bank is likely to raise rates if economic data points to stronger second-quarter growth as well as firming inflation and employment.Gold is highly sensitive to interest rate hikes, which increase the opportunity cost ...

Markets - Commodities - Europe

Gold slides to 3-week low on Fed rate hike expectations LONDON: Gold fell to a three-week low on Thursday, extending the previous day's slide, after minutes from the Federal Reserve's latest policy meeting signalled it could raise US rates as soon as next month.The minutes, from the Fed's April meeting, indicated that the US central bank will likely raise interest rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment.Gold is highly sensitive to interest rate hikes, ...

Markets - Commodities - Europe

Strategie Grains cuts EU wheat stocks, lifts maize PARIS: Consultancy Strategie Grains on Thursday again lowered its forecasts for European Union soft wheat stocks in 2015/16 and 2016/17 due to higher exports and feed demand as EU prices prove competitive on world markets. It expects EU wheat stocks at the end of the current 2015/16 season of 14.7 million tonnes, down 900,000 tonnes from its projection last month.This was mainly due to a similar rise in its forecast for EU wheat exports which ...

Markets - Commodities - Europe

Copper hovers around three-month low on dollar pressure, weak demand LONDON: Copper extended losses on Thursday, weighed down by a stronger dollar, the potential for a US interest rate increase next month and worries about lacklustre demand. Prices drifted towards the lowest levels in three months after minutes from the Federal Reserve's April policy meeting showed officials indicated that the US economy could be ready for another interest rate increase in June.Those comments sent the dollar index to a three-week high, making dollar-priced commodities less ...

Markets - Commodities - Europe

EU wheat pulls back from 2-week high, crop outlook good HAMBURG: European wheat prices fell on Wednesday in light volumes as the market pulled back after a rally to a two-week highs in the previous session.Brisk export activity continued to underpin prices, with a weaker euro further brightening EU export prospects. But a broadly favourable outlook for this summer's harvest in Europe was capping the market.September milling wheat on the Paris-based Euronext exchange was down 0.6 percent, or 1 euro, at 163.75 euros a tonne ...

Markets - Commodities - Europe

European feeds-Soymeal firms on technical buying in Chicago ROTTERDAM: Soymeal on the European meals and feeds market firmed on Tuesday after the previous day's surge in CBOT soymeal futures on fund-driven technical buying and because of uncertainty over the size and quality of Argentina's harvest. South American soymeal was mostly offered between $2 and $8 a tonne up from Tuesday, tracking the strong CBOT soymeal close. Buyers remained on the sidelines and no business was reported. "Prices were mostly fixed on Tuesday's CBOT ...