01182017Wed
Last update: Wed, 18 Jan 2017 10am

Europe

Markets - Commodities - Europe

Wheat prices firm as US crops face deep freeze PARIS/SYDNEY: US wheat was slightly higher on Monday as a severe cold spell raised the threat of crop damage in some key US growing belts.Chicago soybean futures eased after export-fuelled gains on Friday, while corn also ticked lower.Grain markets remained capped by recent strength in the dollar, which has clouded US export prospects, and large global inventories that have mitigated weather risks such as the US freeze or dry conditions in Argentina.The most active wheat futures on the Chicago Board of Trade were up 0.2 percent at $4.10-1/4 a bushel by 1229 GMT.Forecasts of extreme cold had helped wheat prices steady at Friday's close after falling earlier in the session.Parts of the US Plains and Midwest have experienced since the weekend negative Fahrenheit temperatures, equivalent to minus 18 degrees Celsius or lower, a level that can threaten wheat crops depending on snow cover."It is very cold in the US and ...

Markets - Commodities - Europe

European feeds-Good U.S exports push soymeal higher ROTTERDAM: Soymeal offers on the European meals and feeds market were firmer on Monday on the back of good US export demand that pushed CBOT soymeal futures up at the close on Friday. "The market is drifting slowly towards the end of the year and prices were mostly fixed on Friday's Chicago close," one broker said. South American soymeal was mostly offered between flat and $3 a tonne higher, tracking Friday's stronger Chicago soymeal futures ...

Markets - Commodities - Europe

Sugar consolidates but surplus forecasts weigh LONDON: Raw sugar futures edged up on Monday, consolidating ahead of the holiday season, despite an outlook which remained bearish on strong supply. March raw sugar futures were up 0.15 cents, or 0.8 percent, at 18.37 cents a pound, at 1210 GMT.Funds have been liquidating long positions, reducing the net long by almost 200,000 lots in the past two months. Raws and white sugar futures hit six-month lows last week."Today might be a correction of ...

Markets - Commodities - Europe

Copper slips to 4-week low as inventories swell LONDON: Copper fell to a four-week low on Monday as inventories of the metal posted their biggest one-day rise in 15 years as demand quietened into year-end, while lead and zinc slid on bets their earlier gains had become overstretched. Copper inventories in warehouses registered with the London Metal Exchange (LME) rose 38,400 tonnes on Friday, exchange data showed, their biggest daily increase since July 2001. That took them to their highest in around two ...

Markets - Commodities - Europe

Gold up on dollar retreat, tighter US policy caps gains LONDON: Gold edged slightly higher as global equities and the dollar drifted lower on Monday, although expectations of tighter US monetary policy kept a lid on its gains.Spot gold edged up 0.4 percent to $1,138.85 an ounce by 1310 GMT. It fell to $1,122.35, its weakest since Feb. 2, on Thursday under pressure from a stronger dollar after hawkish rate forecasts from the Federal Reserve.US gold futures gained $3.20 to $1,140.70 an ounce.The Fed hiked ...

Markets - Commodities - Europe

Gold near Feb lows, heading for sixth weekly drop LONDON: Gold steadied on Friday but held near a 10-1/2 month low due to the higher dollar after the US Federal Reserve this week signalled rates could be raised three times next year -- one more than forecast at its September meeting.Spot gold was up 0.3 percent at $1,131.10 an ounce at 1444 GMT. The metal hit $1,122.35 on Thursday, its weakest since Feb. 2 and is down more than two percent so far this ...

Markets - Commodities - Europe

EU wheat mostly in good condition going into the winter HAMBURG: The wheat crop in the main European Union producers is generally in good condition going into the winter, experts said on Friday, raising optimism for an ample 2017 harvest for export and domestic consumers, experts said on Friday. "Poland is the main area of concern, at this stage the picture is better in the biggest producers after the mild winter start," one German trader said. In the largest EU wheat producer France, crops are ...