Tuesday, 23 April 2013 04:40
Posted by Asad Naeem
ROTTERDAM: The European vegetable oils market continued to ease on Monday following improved weather in the US coupled with slack demand which pressured the CBOT soycomplex."The weaker levels caused some bargain hunting on the European cash market but buyers were generally cautious because a gloomy global economic outlook and concerns for renewed growth of still huge palm oil stocks could pressure prices further," one broker said.At 1630 GMT CBOT soyoil futures were between 0.70 and 0.54 cents per lb down on good planting weather and slow buying. <0#ZL:>Liquid oils - soyoil, rapeoil and sunoil - were offered between eight and 21 euros per tonne down from Friday following the weaker trend in CBOT soyoil futures and because of a dip in rapeseed futures. <0#COM:>May/July EU rapeoil changed hands at 849 euros per tonne fob exmill, down six euros from Friday and Aug/Oct traded seven euros down between 845 and 843 ...
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ROTTERDAM: The European vegetable oils market continued to ease on Monday following improved weather in the US coupled with slack demand which pressured the CBOT soycomplex."The weaker levels caused some bargain hunting on the European cash market but buyers were generally cautious because a gloomy global economic outlook and concerns for renewed growth of still huge palm oil stocks could pressure prices further," one broker said.At 1630 GMT CBOT soyoil futures were between 0.70 and 0.54 cents per lb down on good planting weather and slow buying. <0#ZL:>Liquid oils - soyoil, rapeoil and sunoil - were offered between eight and 21 euros per tonne down from Friday following the weaker trend in CBOT soyoil futures and because of a dip in rapeseed futures. <0#COM:>May/July EU rapeoil changed hands at 849 euros per tonne fob exmill, down six euros from Friday and Aug/Oct traded seven euros down between 845 and 843 ...
NEW YORK: ICE cotton futures eked out gains on Monday as traders covered short positions and snapped up fiber after last week's drop to six-week lows.The most-active July futures contract on ICE Futures US settled 0.93 percent higher at 86.15 cents per lb. While the gains brought an end to two days of losses, prices were still languishing close to six-week lows around 85 cents hit last week."We've been testing (85 cents) for about a ...
NEW YORK: Brent crude oil returned to above $100 a barrel on Monday and gold rallied its most since last week's historic drop but copper remained below a level critical to market bulls, underscoring the economic uncertainty hanging over commodities.Grains from corn to wheat and soybeans all fell roughly 1 percent each on forecasts for better crop weather across a broad swath of the soggy US crop belt.Among other crops, cocoa retreated from a four-month ...
LONDON: Copper fell more than 1 percent on Monday, staying close to 1-1/2 year lows amid disappointing global growth and higher supply prospects.The fall in copper came despite gains in oil, gold and global equities, all of which suffered heavy losses last week after surprisingly weak Chinese growth data, and poor US jobless claims."There's pressure because of a slowdown in growth, and there has been a focus on copper because it has been trading at ...
LONDON: Gold rose more than 2 percent on Monday, supported by strong physical buying after a fall last week to a two-year low, but investors reduced holdings of bullion in the top exchange-traded fund to the lowest in nearly three years.The technical outlook for gold, which has plunged more than 15 percent so far this year, has yet to improve despite the physical buying in Asia and elsewhere.Spot gold rose more than 2 percent to ...
PARIS: European wheat prices edged lower in thin trade on Monday, mostly pressured by weak US prices and by improving weather conditions in Europe, which were expected to boost crop development.A revival of Russian Black Sea wheat exports was also pressuring prices, traders said.Old crop May on the Paris-based milling wheat futures market was off 0.2 percent at 245.00 euros ($320) by 1118 GMT, while new crop November was down 0.8 percent at 212.75 euros ...
LONDON: Cocoa futures on ICE were little changed on Monday at just below last week's four-month high that followed better-than-expected first-quarter North American grindings data indicating growing demand.Raw sugar eased, pressured by accelerated harvesting in top producer Brazil in dry weather, and arabica coffee dipped, weighed by a firm dollar, in a technical correction after a rally late last week.Copyright Reuters, 2013 ...
