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Archive for the January 4, 2017

  • The most-traded copper contract on the Shanghai Futures Exchange rose 0.73 percent to 45,760 yuan ($6,580) a tonne on Tuesday after a strong finish to 2016, as worries of weakening demand receded with expectations that

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  • Copper retreated from a two-week high on Tuesday as a stronger dollar outweighed expectations of solid consumption in the United States and China, where economic data showed signs of improvement. Three-month copper on the London

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    • News Desk
    • Jan 4th, 2017
    • Comments Off on Iraqi PM says Kurds exporting more oil than allocated

    Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an Opec output cut. In November, Opec agreed to

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    • News Desk
    • Jan 4th, 2017
    • Comments Off on Oil turns negative on strong dollar after hitting 18-month highs

    Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the US dollar rallied to its highest since 2002. Traders said crude prices were buoyed earlier in

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    • News Desk
    • Jan 4th, 2017
    • Comments Off on Bumper soya harvest in Brazil may be disrupted

    Soya farmers in Brazil are concerned that heavy rains in January could disrupt the start of harvesting of the 2016-2017 crop, forecast at a record 100 million tonnes, growers and industry experts said on Friday.

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  • The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT: SOYOIL EU degummed: euro tonne fob ex-mill January 17 840.00 +10.00 February 2017 835.00 +10.00 March 2017 815.00 +10.00 April 2017/June 2017 810.00 +10.00

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  • The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT: SOYOIL EU degummed: euro tonne fob ex-mill January 17 840.00 +10.00 February 2017 835.00 +10.00 March 2017 815.00 +10.00 April 2017/June 2017 810.00 +10.00

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    • News Desk
    • Jan 4th, 2017
    • Comments Off on Malaysian palm oil hits two-week high

    Malaysian palm oil futures opened the year strongly on Tuesday, rising to a two-week high on weak output and a firm performance by fellow oilseed soya. Palm was also supported by a weaker ringgit, palm's

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    • News Desk
    • Jan 4th, 2017
    • Comments Off on New York cocoa rebounds from 3-1/2 year low, sugar surges

    New York cocoa futures fell to their lowest in 3-1/2 years on Tuesday before turning higher as the market began to consolidate after a prolonged slide in prices. Dealers said the decline had been fuelled

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  • After gaining more than 8 percent in 2016, gold extended its strong run into the New Year, pushed higher in 2017's first day of trading on Tuesday on technical buying, despite a stronger dollar. At

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