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Taiwan passes in tender to buy 80,900 tonnes US wheat HAMBURG: The Taiwan Flour Millers' Association made no purchase in a tender for 80,900 tonnes of milling wheat to be sourced from the United States which closed on Friday, European traders said. Prices were regarded as too high, traders said. The tender had sought wheat in two consignments for shipment between Sept. 8-22 and Sept. 25 to Oct. 9. "Some wheat importers are delaying purchases in the hope that prices will fall further with good harvest prospects in the United States and elsewhere," one European trader said."There was also market talk of logistics problems in an export terminal of a major US trading house which had offered the lowest price in the Taiwan tender on Friday." Chicago wheat prices slumped to contract lows on Wednesday amid rising global supplies and strong export competition for US supplies and are still hovering only slightly over their low point. In its last reported ...

Gold set for second weekly loss on strong economic data LONDON: Gold edged up on Friday but remained subdued near a five-week low and was headed for a second straight week of losses, as a strong dollar after robust economic data offset a fall in equities due to rising political tensions. Spot gold was up 0.2 percent at 1,295.90 an ounce by 1059 GMT, after losing nearly 1 percent on Thursday, when it hit its lowest since June 19 at $1,287.46. US gold futures were ...
Copper rises on China growth, improved supply prospects weigh LONDON: Copper rose on Friday, just short of a 4-1/2 month peak, on positive factory data from China and was set to rise more than 2 percent this week. Benchmark London Metal Exchange copper hit an intraday high of $7,198.25 per tonne, close to the 4-1/2 month peak of $7,212 it hit on July 8. It was $7,186 a tonne at 1048 GMT, up 0.2 percent on the day."We had a good day yesterday on ...
Gold below $1,300 as strong China, euro zone data lift stocks LONDON: Gold broke below the psychological level of $1,300 an ounce for the first time in a week on Thursday as robust economic data from China and the euro zone deterred investors from buying into safe haven assets like the metal.Spot gold fell 0.5 percent to $1,297.30 an ounce by 0929 GMT, having earlier touched its worst in a week at $1,294.U.S. gold slid $6.10 to $1,298.50, after stop-loss orders were placed below $1,300 by ...
Gold steadies as buoyant equities balance Ukraine tensions LONDON: Gold steadied on Wednesday after the previous day's drop, supported by simmering conflict in Ukraine and the Middle East, but under pressure from buoyancy in stock markets after positive U.S. data and corporate earnings.Sluggish physical demand in Asia in the seasonally quiet summer period is also weakening support for any price rally.Other than seasonality, the possibility of a further drop in prices due to an improving U.S. economic outlook and stronger dollar is also ...
Copper steadies, but gains capped by growing supplies LONDON: Copper steadied on Monday as risk-hungry investors saw value in a metal whose price lost 2.4 percent last week, though worries over China's property sector and a build-up of copper stocks kept gains in check.COMEX copper speculators boosted net "long" or buy positions to their highest level since at least 2006 in the week to July 15, according to the Commodity Futures Trading Commission and Reuters data.Still, the case to sell copper remained strong. ...
Turkey tenders to buy 165,000 T wheat, 65,000 T barley: trade HAMBURG: Turkey's state grain agency TMO has issued an international tender to purchase and import up to 165,000 tonnes of milling wheat and 65,000 tonnes of animal feed barley, European traders said on Monday.The new tender follows a series of large import purchases by Turkey and closes on Thursday, July 24, traders said.Turkey is among countries affected by the Middle East's driest winter in several decades, which reduced crop yields and threatens to hit food ...


Index Closing Chg%
Arrow DJIA 16,563.30 1.88
Arrow Nasdaq 4,369.77 2.09
Arrow S&P 1,930.67 2.00
Arrow FTSE 6,730.11 0.64
Arrow DAX 9,407.48 1.94
Arrow CAC-40 4,246.14 1.53
Arrow Nikkei 15,620.77 0.16
Arrow H.Seng 24,756.85 0.10
Arrow Sensex 25,894.97 0.74

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