Europe
Thursday, 14 June 2012 00:38
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ROTTERDAM: Asking prices on the European vegetable oil market were down on Wednesday on renewed concerns about the euro zone debt crisis and expectations for some beneficial rains in the US Midwest.
* "Futures markets eased on US weather and the persistent worries that the euro zone problem could slow down the global economy and hamper demand. Many buyers were holding back today and only a few deals were seen today," one broker said.
* At 1730 GMT CBOT soyoil futures were down by between 0.43 and 0.58 cents per lb with soybeans on forecasts for rains in parts of the US and in sympathy with easier NYMEX mineral oil.
* Liquid oils - rapeoil, sunoil and soyoil - were offered between one and four euros per tonne down from Tuesday with CBOT soyoil and weaker rapeseed futures.
* Buyers showed little interest and no deals were reported.
* Palm oil was offered between $7.50 ...
LONDON: Copper edged higher on Wednesday as the euro steadied against the dollar, but concern about contagion from the euro zone debt crisis and upcoming elections in highly indebted Greece kept investors cautious and prevented further gains for metals.
Three-month copper on the London Metal Exchange rose to $7,443.75 a tonne at 0855 GMT, up 0.7 percent from Tuesday's close of $7,395 a tonne.
Base metals were supported by a slightly firmer euro against the US dollar. ...
KIEV: Ukraine has exported 20.7 million tonnes of grain so far in the 2011/12 season which runs from July to June, major Ukrainian grain trader HIB said on Wednesday, citing official data.
HIB said in a report the volume included 5.049 million tonnes of wheat, 13.088 million tonnes of maize and 2.424 million tonnes of barley.
Ukraine harvested 56.7 million tonnes of grain in 2011 and plans to export about 21 million tonnes this season. Grain exports ...
LONDON: Gold eased below $1,590 an ounce on Tuesday as concerns over the efficacy of the weekend aid package for Spain's banks and upcoming elections in Greece eroded confidence in the outlook for the euro, and as hopes for fresh US monetary easing faded.
Other commodity prices were also weak, with crude oil falling back towards the year's lows, and base metals like copper and aluminium slipping.
Spot gold was down 0.4 percent at $1,589.06 an ounce ...
LONDON: Outflows from commodity exchange traded products (ETPs) nearly tripled in May as investors piled record amounts of money into safe-haven government bond ETPs in response to a deteriorating outlook for the global economy.
Investors pulled some $2.9 billion from US and Europe-listed commodity ETPs last month, after withdrawing nearly $1 billion in April, data from asset manager BlackRock showed. Some $1.5 billion of the May outflows came from precious metals ETPs.
The aversion to commodities, which ...
HAMBURG: Jordan's state grains buyer has issued a tender for the purchase of 100,000 tonnes of hard wheat which can be sourced from any origin, European traders said on Monday.
The bidding deadline is June 27. Shipment is sought for a range of dates in October and November.
In its last wheat tender on May 24, Jordan purchased 50,000 tonnes of optional-origin wheat for shipment in the first half of October after seeking offers for 100,000 tonnes.
Copyright Reuters, ...
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