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Markets - Commodities

Tuesday, February 4, 2020

Tunisia gets lowest offers in 75,000 tonnes of feed barley
Commodities

Tunisia gets lowest offers in 75,000 tonnes of feed barley

The lowest price offered in the international tender from Tunisia's state grains agency on Friday to purchase up to 75,000 tonnes of animal feed barley was believed to be $211.92 a tonne c&f for optional-origin supplies, European traders said.
Published 04 Feb, 2020 12:00am
European wheat prices fall on strong euro
Commodities

European wheat prices fall on strong euro

European wheat prices eased on Friday in the wake of US markets still reflecting concerns about the impact of the spreading coronavirus on the global economy, and a rise of the euro making European wheat less competitive on world markets.
Published 04 Feb, 2020 12:00am
US MIDDAY: Gold falls
Commodities

US MIDDAY: Gold falls

Gold fell nearly 1% on Monday as the dollar firmed and investors opted for riskier assets after China took steps to relieve pressure on its economy from the impact of the coronavirus outbreak. Spot gold was down 0.8% at $1,576.76 per ounce by 12:16 p.m ES
Published 04 Feb, 2020 12:00am
Jordan tenders to buy 120,000 tonnes of wheat
Commodities

Jordan tenders to buy 120,000 tonnes of wheat

Jordan's state grain buyer the trade ministry has issued an international tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Wednesday. The tender deadline is February 4.
Published 04 Feb, 2020 12:00am
South Korea buys 68,000 tonnes of corn
Commodities

South Korea buys 68,000 tonnes of corn

South Korea's largest feedmaker Nonghyup Feed Inc. (NOFI) purchased an estimated 68,000 tonnes of corn in an international tender which closed on Friday, European traders said.
Published 04 Feb, 2020 12:00am
Gold markets in major Asian hubs activity dwindle
Commodities

Gold markets in major Asian hubs activity dwindle

Physical gold markets in major Asian hubs saw activity dwindle this week as the coronavirus epidemic took a toll on demand, especially with top consumer China remaining out of action. Several countries tightened travel curbs because of the coronavirus in
Published 04 Feb, 2020 12:00am
Shanghai copper plunges to three-year low
Commodities

Shanghai copper plunges to three-year low

Shanghai copper prices dived to a three-year low on Monday as Chinese markets reopened, giving investors the first opportunity since January 23 to react to a coronavirus outbreak that threatens to damage the economy of the world's biggest metals consumer
Published 04 Feb, 2020 12:00am
Tokyo rubber slumps
Commodities

Tokyo rubber slumps

Tokyo Commodity Exchange (TOCOM) futures slumped to a 1-week low on Monday while the Shanghai market plunged over 9% on its first trading day after a long break amid fears the coronavirus outbreak will dent demand in the world's top rubber buyer. TOCOM's
Published 04 Feb, 2020 12:00am
Palm oil rises after two days of losses
Commodities

Palm oil rises after two days of losses

Malaysian palm oil futures rose on Monday after two straight sessions of losses, as data from an industry body showed lower January output in the world's second-biggest producer of the tropical oil. However, brokers and traders told Reuters that prices co
Published 04 Feb, 2020 12:00am
Raw sugar hits two-year high; arabica coffee slides
Commodities

Raw sugar hits two-year high; arabica coffee slides

Raw sugar futures on ICE hit two-year highs on Monday as escalating worries over falling supplies more than offset concerns over the economic impact of the coronavirus outbreak. Arabica coffee, meanwhile, hit a three-month low. March raw sugar was up 0.3
Published 04 Feb, 2020 12:00am
Gold slips in Asia
Commodities

Gold slips in Asia

Gold prices dipped 1% on Monday after hitting a near four-week high, as China's central bank cut reverse repo rates and injected liquidity into markets to help support an economy hit by a coronavirus outbreak. Chinese authorities pledged to use various mo
Published 04 Feb, 2020 12:00am
Gold slides in Europe
Commodities

Gold slides in Europe

Gold fell 1% on Monday as the dollar firmed and investors opted for riskier assets after China took steps to relieve pressure on its economy from the impact of the coronavirus epidemic. Spot gold was down 1% at $1,573.76 per ounce by 10:20 a.m EST (1520 G
Published 04 Feb, 2020 12:00am
Argentina's corn, soya areas getting adequate rains
Commodities

Argentina's corn, soya areas getting adequate rains

Rains have been ample in key parts of Argentina's bread-basket province of Buenos Aires, but they have been uneven and raised concern about crop yields in some isolated areas, a grower and climatologist said on Monday.
Published 04 Feb, 2020 12:00am
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