09272016Tue
Last update: Tue, 27 Sep 2016 11pm

Europe

Markets - Commodities - Europe

Soybeans up on strong US export demand; wheat and corn firm HAMBURG/SINGAPORE: Chicago soybeans rose on Wednesday on brisk global demand for US supplies that may cut the country's stockpiles, while concern about rain in US crop belts also underpinned."Soybeans are seeing support from strong US exports while at the same time the market assesses just how much of a record large size the US harvest will reach," said Stefan Vogel, head of agricultural commodity markets research at Rabobank."Yesterday's weaker trend in the dollar is today also supporting soybeans, wheat and corn."Chicago Board of Trade November soybeans rose 0.8 percent to $9.67-1/2 per bushel as of 0954 GMT. December corn gained 0.08 percent to $3.28-3/4. December wheat rose 0.2 percent to $3.99-1/2 a bushel.A US Department of Agriculture (USDA) report on Tuesday showed export inspections of US soybeans in the latest week at 1,232,739 tonnes, above trade expectations of 700,000 to 950,000 tonnes.Gains in soybeans are being capped by the healthy ...

Markets - Commodities - Europe

Gold steady as dollar dips, stocks weigh LONDON: Gold held steady on Monday, close to a one-week high touched in the previous session, as the dollar dipped on receding expectations of an imminent US interest rate rise but the yellow metal's gains were capped by stronger global stocks.Spot gold was up 0.1 percent at $1,326.33 an ounce by 1851 GMT. The precious metal hit a one-week high of $1,328.73 on Friday after data showed US employment growth slowed more than expected in ...

Markets - Commodities - Europe

Algeria launches new tender to purchase milling wheat HAMBURG: Algeria's state grains agency OAIC has issued a tender to buy optional-origin soft milling wheat, European traders said on Monday. The tender sought a nominal 50,000 tonnes but Algeria often buys considerably more in its tenders than the nominal volume sought. Tender deadline is Wednesday, Sept. 7, they said. The wheat was sought for shipment in the first half of October and/or the second half of October, they said. Algeria's traditional wheat supplier France ...

Markets - Commodities - Europe

Robusta coffee sets 18-month high, London cocoa dips LONDON: Robusta coffee futures rose to an 18-month high on Monday, boosted by tightening supplies, while a strong pound weighed on London cocoa prices. November robusta coffee was up $8, or 0.4 percent, at $1,873 per tonne at 1300 GMT. The benchmark second month had earlier peaked at $1,881, the highest since March 2015. Dealers said adverse weather had curbed robusta production in Brazil and Indonesia this year and a lower crop was also anticipated ...

Markets - Commodities - Europe

Coal leads surge in European energy exchange trading in first half 2016 FRANKFURT: Coal lead a surge in trading volumes on west European energy exchanges in the first half of this year as traders took advantage of low commodity prices, research company Prospex said on Monday. Wholesale trading of coal on the exchanges soared 46 percent from a year earlier to 3.5 billion tonnes, according to Prospex. "Low coal prices mean a fixed amount of trading capital will buy higher volumes than it did in the past," ...

Markets - Commodities - Europe

Gold up as dollar slips after weak US jobs data LONDON: Gold rose on Monday as the dollar slipped on receding expectations of an imminent US interest rate rise after lower than expected jobs numbers from the United States last week.Spot gold was up 0.2 percent at $1,326.10 an ounce by 1500 GMT. The precious metal hit a one-week high above $1,341 on Friday after data showed US employment growth slowed more than expected in August after two straight months of robust gains.US gold futures ...

Markets - Commodities - Europe

EU wheat drifts lower amid US holiday lull, Algeria tender eyed PARIS: European wheat futures slipped on Monday as a US holiday deprived the market of its usual impetus and as traders looked ahead to a tender by Algeria for more clues about how a poor French harvest will shake up export markets. Benchmark December milling wheat on Paris-based Euronext, was down 0.50 euro, or 0.3 percent, at 161 euros a tonne by 1544 GMT, near a six-week low of 160 euros touched last Tuesday. Front-month ...