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Archive

Markets - Commodities

Tuesday, March 10, 2020

French spring barley sowing at near-standstill in wet weather
Commodities

French spring barley sowing at near-standstill in wet weather

French farmers made virtually no progress in spring barley sowing last week, farm office FranceAgriMer said, suggesting heavy rain was disrupting field work in the European Union's biggest grain producer. Spring barley sowing was 33% complete by March 2,
Published 10 Mar, 2020 12:00am
Tunisia gets offers in 117,000 tonne of soft wheat tender
Commodities

Tunisia gets offers in 117,000 tonne of soft wheat tender

The lowest price offered in the international tender from Tunisia's state grains agency on Thursday to purchase up to 117,000 tonnes of soft wheat was believed to be $227.19 a tonne c&f for optional-origin supplies, European traders said in initial assess
Published 10 Mar, 2020 12:00am
Vietnam coffee sales slow, Indonesia tepid
Commodities

Vietnam coffee sales slow, Indonesia tepid

Coffee sales in Vietnam have been slowing as growers withhold stock due to lower bean prices, which have fallen tracking London prices, while trading activity in Indonesia remained subdued on low supply, traders said on Thursday. Coffee growers in Vietnam
Published 10 Mar, 2020 12:00am
Jordan seeks to buy 120,000 tonnes of feed barley
Commodities

Jordan seeks to buy 120,000 tonnes of feed barley

Jordan's state grain buyer has issued an international tender to purchase 120,000 tonnes of animal feed barley to be sourced from optional origins, European traders said on Thursday. The tender deadline is March 11, traders said. Recent grain purchasing t
Published 10 Mar, 2020 12:00am
European wheat futures slip to 3-1/2-month low
Commodities

European wheat futures slip to 3-1/2-month low

European wheat futures slid on Friday to their lowest since November as a strengthening of the euro against the dollar added to pressure from another rout in financial markets over potential fallout from the global coronavirus outbreak.
Published 10 Mar, 2020 12:00am
CBOT soyabean futures weaker on virus fears
Commodities

CBOT soyabean futures weaker on virus fears

Chicago Board of Trade soyabean futures ended weaker on Friday on lackluster export demand and broad-based selling linked to worries about the coronavirus slowing the global economy, traders said. The most-active contract ended down 0.2% on the week.
Published 10 Mar, 2020 12:00am
Brazil's soya exports to gain momentum due to intense rains
Commodities

Brazil's soya exports to gain momentum due to intense rains

Soya exports from Brazil, which had significant delays in February due to intense rains in coastal cities, are expected to gather pace in southern ports as the weather turns drier in the coming days, according to shipping data and climate forecasts.
Published 10 Mar, 2020 12:00am
Iron ore futures slip in China and S'pore on virus fears
Commodities

Iron ore futures slip in China and S'pore on virus fears

Iron ore futures in China and Singapore slipped on Friday on fears over a potentially deeper global economic downturn due to the coronavirus outbreak, but hopes of more policy support for businesses drove prices higher on a weekly basis.
Published 10 Mar, 2020 12:00am
Canadian canola futures fall
Commodities

Canadian canola futures fall

ICE Canadian canola futures plunged on Friday in a broad selloff in commodities and stocks due to fears about the spread of the coronavirus. A lack of export demand is also hurting canola prices, but farmers have slowed selling to the cash market, limitin
Published 10 Mar, 2020 12:00am
Gold in India hits record high this week
Commodities

Gold in India hits record high this week

A price rally to record highs subdued physical gold purchases in India this week, driving bullion dealers to offer deeper discounts, while buying interest was minimal in top-consumer China and Hong Kong. Dealers in India offered a discount of up to $25 an
Published 10 Mar, 2020 12:00am
US MIDDAY: Gold backtracks from $1,700 top
Commodities

US MIDDAY: Gold backtracks from $1,700 top

Gold retreated from the $1,700 level touched briefly earlier on Monday, as investors sold the bullion to cover margin calls amid plummeting equity and energy markets, overshadowing the metal's safe-haven demand. Autocatalyst metal palladium, meanwhile, sl
Published 10 Mar, 2020 12:00am
Drought-hit Thailand's rice prices soar to 6-1/2-year peak
Commodities

Drought-hit Thailand's rice prices soar to 6-1/2-year peak

A supply crunch in drought stricken Thailand pushed rice export prices to their highest in 6-1/2 years this week, while Vietnamese rates bounced back to a more than one-year high on firm demand. Thailand's benchmark 5% broken rice prices jumped to $460-$4
Published 10 Mar, 2020 12:00am
Copper slides to three-year low
Commodities

Copper slides to three-year low

Copper prices tumbled to their lowest level in more than three years on Monday following a plunge in oil prices, but they came off their lows as investors counted on major stimulus from China. Oil prices dropped by as much as a third and global stock mark
Published 10 Mar, 2020 12:00am
Tokyo rubber tanks over 6 percent
Commodities

Tokyo rubber tanks over 6 percent

Tokyo Commodity Exchange (TOCOM) futures plunged more than 6% on Monday, marking their biggest daily loss in two years, as fears over the economic impact of the coronavirus epidemic and a crash in oil prices battered financial markets globally.
Published 10 Mar, 2020 12:00am
Malaysian palm oil drops 5 percent
Commodities

Malaysian palm oil drops 5 percent

Malaysian palm oil futures ended 5% down on Monday, as crude oil prices crashed after Saudi Arabia slashed its official rates in a market rattled by the impact of the coronavirus outbreak. The benchmark palm oil contract for May delivery on the Bursa Mala
Published 10 Mar, 2020 12:00am
Raw sugar hits four-month trough; cocoa sinks
Commodities

Raw sugar hits four-month trough; cocoa sinks

Raw sugar futures on ICE sank to four-month lows on Monday as crude oil prices tumbled as much as 33% after Saudi Arabia launched a price war with Russia following the collapse of their three-year supply pact. Cocoa prices hit two-month lows and arabica c
Published 10 Mar, 2020 12:00am
Gold prices hit seven-year high in Asia
Commodities

Gold prices hit seven-year high in Asia

Gold prices hit a more than seven-year high on Monday as a stock market rout on concerns over the widening coronavirus outbreak and its economic impact drove investors to safe-haven assets, although profit taking later unwound much of the metal's rise. In
Published 10 Mar, 2020 12:00am
Gold, palladium down in European trade
Commodities

Gold, palladium down in European trade

Gold retreated from the $1,700 level touched briefly earlier on Monday, as investors sold the bullion to cover margin calls amid plummeting equities and energy markets, overshadowing the metal's safe-haven demand. Autocatalyst metal palladium, meanwhile,
Published 10 Mar, 2020 12:00am
US MIDDAY: Soya, corn futures down
Commodities

US MIDDAY: Soya, corn futures down

US soyabean futures fell about 2% on Monday and corn fell more than 1% as concern over the economic fallout from the coronavirus and a crash in crude oil prices pushed equities and other commodities sharply lower. But wheat futures on the Chicago Board of
Published 10 Mar, 2020 12:00am