12112016Sun
Last update: Sun, 11 Dec 2016 04pm

Europe

Markets - Commodities - Europe

French soft wheat exports outside EU fall to 293,000 T in October      PARIS: French monthly soft wheat exports outside the European Union fell to 293,000 tonnes in October, customs data showed on Wednesday, confirming a slump in activity after a poor harvest this year.  The latest monthly volume was below the 348,000 tonnes seen in September and also marked the smallest October exports since 2007.  The October exports took the volume since the start of the 2016/17 season on July 1 to 1.8 million tonnes, down 32 percent compared with the same period last season, the data showed.  Including shipments within the EU, France exported 685,000 tonnes of soft wheat in October, taking the season's volume to 3.4 million, down 31 percent from a year earlier.  In another consequence of the bad harvest, France imported 192,000 tonnes of soft wheat in October, including 131,500 tonnes from Bulgaria, taking the season's volume to 435,000 tonnes, up 103 percent from a year earlier.    Copyright Reuters, 2016 ...

Markets - Commodities - Europe

London copper climbs, buoyed by US manufacturing pick up MELBOURNE: London copper rose on Wednesday, buoyed by signs that global manufacturing activity will return to a firmer footing next year and as metals attracted fresh interest from investors.  New orders for US factory goods recorded their biggest increase in nearly 1-1/2 years in October, further evidence that the manufacturing sector is gradually recovering after a prolonged downturn and as demand signals from China also improve.Commodities have also found support from expectations the dollar will weaken under Donald Trump's upcoming US presidency, ...

Markets - Commodities - Europe

Jordan buys 50,000 tonnes wheat in tender      PARIS: Jordan's state grain buyer has bought 50,000 tonnes of optional origin milling wheat at $205 a tonne, cost and freight included, in a tender on Tuesday, traders and a government source said.  The wheat was for shipment in the first half of April, they said.     Copyright Reuters, 2016 ...

Markets - Commodities - Europe

London cocoa hits new 1-1/2 year lows, nose-diving on strong supply   LONDON: Cocoa futures in London hit 1-1/2 year lows on Monday, with New York futures just shy of previous three-year lows, driven by bearish supply news as the main crop moves to the mid crop.  March London cocoa hit 1,902 pounds a tonne, levels last seen in April 2015.It traded down 20 pounds, or 1 percent, at 1,906 pounds at 1259 GMT.  London December cocoa traded at a discount to March of 30 pounds, with dealers noting the wide spread could ...

Markets - Commodities - Europe

EU 2016/17 wheat exports reach 10.2mn T, 247,000 T this week      PARIS: European Union soft wheat exports in the 2016/17 season had reached 10.210 million tonnes by Nov. 29, up 9 percent from 9.337 million tonnes exported by the same period last season, official data showed on Thursday.  In the latest reporting week, the EU exported 247,000 tonnes of soft wheat, on the basis of a revised week-earlier total of 9.963 million tonnes, the data showed.  The EU changed last month its reporting system for grain exports and imports, which are now ...

Markets - Commodities - Europe

Tunisia tenders to buy 109,000 T wheat, 50,000 T barley      HAMBURG: Tunisia's state grains agency has issued international tenders to purchase up to 109,000 tonnes of soft milling wheat and 50,000 tonnes of feed barley, European traders said on Thursday.  The origin was optional and tender deadline is Friday, Dec. 2, they said.  The wheat was sought for a range of shipment dates in 2017 from Jan. 5 to Feb. 25, depending on origin, they said.  The barley was sought for a range of 2017 shipment dates from Jan. 5 to ...

Markets - Commodities - Europe

Gold hits 10-month low after biggest monthly drop in 3 years         LONDON: Gold hit its lowest since February on Thursday, extending losses after its biggest monthly decline in more than three years, as a surge in oil prices boosted bond yields, denting interest in non-yielding gold as an alternative investment.The precious metal fell more than 8 percent in November, hurt by a jump in the dollar and Treasury yields after Donald Trump's surprise election to the US presidency last month, and by expectations that the Federal Reserve is gearing up to lift ...