07242016Sun
Last update: Sun, 24 Jul 2016 11am

Europe

Markets - Commodities - Europe

Raw sugar jumps before Brazil cane data, coffee firms LONDON: Raw sugar futures on ICE jumped 2 percent on technically driven buying on Friday before the release of Brazilian cane data expected to show several days of the crush lost due to rainfall in the first half of June.Arabica coffee edged up, supported by a soft dollar, while cocoa prices also rose.Sugar traders awaited data from Brazilian cane industry group Unica at 1300 GMT.Total sugarcane crushed in centre-south Brazil in the first half of June is expected to be 26.7 million tonnes, down 33 percent from the same period last year, an S&P Global Platts survey of analysts showed.Dealers were also awaiting confirmation of tenders against the July raws contract which expired on Thursday.Wilmar International Ltd and Alvean have bought about 1.2 million tonnes of sugar, or 23,706 lots, against the July contract that expired at the end of the session, according to three traders.Dealers said a commodities house ...

Markets - Commodities - Europe

EU wheat hits fresh contract lows after USDA data PARIS: Euronext wheat futures fell to fresh contract lows on Thursday as higher-than-expected US government estimates for corn and wheat sowings added to pressure from expectations of a large, mixed-quality wheat harvest in Europe.Front month September milling wheat on the Paris-based Euronext exchange settled down 1 euro, or 0.6 percent, at 155.75 euros a tonne, leaving the contract down nearly 4 percent over the second quarter. Shortly before the close it touched a contract low ...

Markets - Commodities - Europe

Thailand-origin lowest offer in Iraq's 30,000 T rice tender HAMBURG: The lowest offer in a tender from Iraq to buy at least 30,000 tonnes of long grain rice was $405.00 a tonne c&f free out for rice to be sourced from Thailand, European traders said on Thursday. No decision about a purchase was believed to have been made in the tender that closed on June 28 with offers having to remain valid until July 3, they said.Two offers for Thai rice were both made ...

Markets - Commodities - Europe

Arabica hits 14-month peak, sugar 3-1/2-year high on Brazilian real LONDON: Arabica coffee futures rose almost 2 percent on Thursday to hit a 14-month peak and raw sugar touched a fresh 3-1/2-year high on fund and chart-based buying and a firm Brazilian currency.Cocoa futures steadied, with traders focused on arbitrage between the New York and London markets.Arabica coffee futures rose on an absence of producer sales, and were underpinned by a firm Brazilian currency."There is a lack of selling from origin and a strong real, ...

Markets - Commodities - Europe

Wheat steadies after 4-month low as US crop data due PARIS/SYDNEY: US wheat edged higher on Thursday in a slight rebound from a near four-month low, as the market consolidated before closely watched US grain stocks and planting estimates were issued.Corn and soybeans also saw modest gains, supported by a weaker dollar, in restrained activity before the US Department of Agriculture's (USDA) acreage and quarterly stocks reports at 1600 GMT.The most active wheat futures on the Chicago Board of Trade rose 0.3 percent to $4.46 ...

Markets - Commodities - Europe

Zinc hits highest in a year, but inventories loom large LONDON: Zinc prices hit their highest in nearly a year on Thursday as expectations of tight markets and potential shortages fuelled buying, but an inventory overhang means metal is readily available for consumers.Benchmark zinc on the London Metal Exchange (LME)traded up 0.5 percent at $2,099 a tonne at 1028 GMT. Prices of the metal used to galvanise steel earlier touched $2,116 a tonne, its highest since July 15. So far this quarter zinc has gained ...

Markets - Commodities - Europe

Gold set for best month since February after Brexit shock LONDON: Gold edged down on Thursday as the wider markets showed signs of stabilising, but the metal remained on track for its biggest monthly rise since February in the wake of last week's vote on Britain's membership of the European Union.Shares, bonds and currencies plunged on Friday after the British vote to leave the EU trading bloc sent investors scurrying for the perceived safety of gold, which leapt to its highest in nearly two years ...