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Archive for the December 29, 2016

  • Benchmark Tokyo rubber futures gave up early gains to close slightly lower on Wednesday as investors took profits after Shanghai lost steam. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished 0.8 yen,

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  • The following were Wednesday's Rotterdam vegetable oil prices at 1700 GMT: SOYOIL EU degummed: euro tonne fob ex-mill January 2017 850.00 +0.00 February 2017 840.00 +0.00 March 2017 820.00 +0.00 April 2017/October 2017 805.00 +0.00.

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  • The following were Wednesday's Rotterdam vegetable oil prices at 1700 GMT: SOYOIL EU degummed: euro tonne fob ex-mill January 2017 850.00 +0.00 February 2017 840.00 +0.00 March 2017 820.00 +0.00 April 2017/October 2017 805.00 +0.00.

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    • News Desk
    • Dec 29th, 2016
    • Comments Off on Malaysian palm oil hits its highest in over a week

    Malaysian palm oil futures rose to their highest in one-and-a-half weeks on Wednesday, marking a second consecutive session of gains, helped by tight supplies and improving exports. Benchmark palm oil futures for March delivery on

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    • News Desk
    • Dec 29th, 2016
    • Comments Off on Arabica coffee slips to six-month low, sugar climbs

    Arabica coffee futures on ICE dipped to a 6-month low on Wednesday as the market extended its prolonged slide with funds liquidating long positions. March arabica coffee was off 0.90 cent, or 0.7 percent, at

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  • Gold prices rose on Tuesday to a near two-week high on weak Japanese inflation data, but trading was thin with traders in the United States returning after the long Christmas weekend and London markets still

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  • Gold prices rose on Wednesday, extending gains after it hit a near two-week high in the previous session, on a technically-driven rebound in thin volume amid a slightly weaker dollar. Spot gold was up half

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    • News Desk
    • Dec 29th, 2016
    • Comments Off on Gold little changed in European trade

    Gold was little changed on Wednesday, off a near two-week high hit in the previous session and weighed on by a stronger dollar and European equities. Spot gold was down 0.1 percent at $1,138 an

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    • News Desk
    • Dec 29th, 2016
    • Comments Off on Rule to curb US banks dealing in industrial metals

    The Office of the Comptroller of the Currency (OCC) said on Wednesday it had submitted a rule to the Federal Register to prohibit US national banks and federal savings associations from dealing or investing in

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    • News Desk
    • Dec 29th, 2016
    • Comments Off on Argentina to keep subsidies for local oil production next year

    Argentina will maintain subsidies to the country's oil producers next year, energy Minister Juan Jose Aranguren told reporters on Tuesday, ending speculation that the ministry was set to remove subsidies paid for by consumers at

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