Tuesday, 18 June 2013 04:38
Posted by Asad Naeem
ROTTERDAM: Soymeal on the European meals and feeds market continued to fall on Monday in sympathy with CBOT soymeal futures on forecasts for beneficial planting and growing weather in the US soybean belt."Prices dropped further on good crop weather in the US but it did not create much business on the European cash market as most buyers were holding back waiting for the market to bottom out," one broker said.South American soymeal was offered between $2 and $11 a tonne down from Friday, mostly in line with the lower tone in Chicago on the favourable US weather and a lower NOPA exports number for soymeal. Bids were scarce and no deals were reported.EU rapemeal was mostly offered between one to three euros per tonne down in sympathy with soymeal and easier rapeseed futures. Buyers remained sidelined in the weakening market and no business was seen.Copyright Reuters, 2013 ...
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ROTTERDAM: Soymeal on the European meals and feeds market continued to fall on Monday in sympathy with CBOT soymeal futures on forecasts for beneficial planting and growing weather in the US soybean belt."Prices dropped further on good crop weather in the US but it did not create much business on the European cash market as most buyers were holding back waiting for the market to bottom out," one broker said.South American soymeal was offered between $2 and $11 a tonne down from Friday, mostly in line with the lower tone in Chicago on the favourable US weather and a lower NOPA exports number for soymeal. Bids were scarce and no deals were reported.EU rapemeal was mostly offered between one to three euros per tonne down in sympathy with soymeal and easier rapeseed futures. Buyers remained sidelined in the weakening market and no business was seen.Copyright Reuters, 2013 ...
NEW YORK/LONDON: Cocoa futures fell on Monday, as technical selling resulted in the market's sharpest three-session drop in more than a year, while ICE sugar futures inched higher in heavy trading.Liffe robusta coffee steadied after recovering from its lowest price since October 2010 while arabica trading on ICE Futures US turned down a shade, recovering from last week's low, its lowest in more than three years.Cocoa futures on both Liffe and ICE dropped for the ...
NEW YORK/LONDON: Gold fell around 0.5 percent in quiet trade on Monday as a Wall Street rally reduced the need for safe-haven buying and investors awaited this week's US Federal Reserve meeting for signals on the central bank's monetary stimulus plan.Better-than-expected US retail sales and jobs data recently has fueled speculation that the Fed could announce a scaling back of its $85 billion monthly mortgage-bond buyback at the end of its two-day policy meeting on ...
NEW YORK: Brent crude oil futures touched a 10-week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in US gasoline futures.US crude oil hit a nine-month high near $99 a barrel but also reversed to settle lower, with investors cautious ahead of the start of the US Federal Reserve's two-day policy committee meeting on Tuesday. The ...
NEW YORK: Copper closed a touch lower on Monday on concerns the United States may scale back its monetary stimulus program, and oil prices fell after initially rising on fears of a superpower standoff over Syria and possible disruptions to Middle East crude supplies.Gold joined the slide as a rally in Wall Street stocks pulled investors away from safe-haven assets.Investors focused mostly on the US Federal Reserve's two-day meeting, beginning Tuesday, which they hoped would ...
TORONTO: The Canadian dollar softened marginally against the US dollar on Monday with the greenback gathering strength on positive data, but much of the market was sidelined ahead of the two-day US Federal Reserve policy meeting that starts Tuesday.The US currency extended gains after figures showed growth in New York state's manufacturing sector picked up in June, and that sentiment among US homebuilders surged to the highest level in seven years."Really kind of a lackluster ...
NEW YORK: Cash crude differentials in the United States weakened on Monday as the transatlantic spread between Brent and US crude futures narrowed and crude futures gave up gains to settle lower.Trading remained thin ahead of the expiration of the front-month US July crude contract this week as traders continued to wind down their purchases of July barrels, brokers and traders said.Brent's premium to US crude <CL-LCO1=R> ended at $7.44 a barrel based on August ...
