Commodities News

Japan bought 141,567 metric tonnes of milling wheat from the US, Canada and Australia in a regular tender today, the smallest volume in a month, the Ministry of Agriculture, Forestry and Fisheries said. Shipment is set from Sept. 1 to Sept. 30, according to Ryou Okajima at the ministry’s grain trade division. It was the third tender for wheat imports in about a week, as the government delayed purchases until Japanese flour millers decided how much they would ...

Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, rose in Shanghai trading after agreeing to buy a stake in Rio Tinto Group’s Simandou iron ore project in Guinea. Chalco, as the Beijing-based company is known, rose as much as 10 percent in Shanghai, and traded up 7.5 per cent to 10.98 yuan at 9:31 Am after resuming trading today. The company yesterday agreed to pay $1.35 billion for a 44.65 per cent stake by ...

ICE sugar hit a four-month high on Thursday, anticipating further delays to shipments from top exporter Brazil, which would exacerbate nearby supply tightness. Coffee also rose, supported by chart-based buying, while cocoa was mostly steady. October raw sugar on ICE stood 0.23 cent or 1.2 percent higher at 19.10 cents at 1205 GMT after earlier peaking at 19.17 cents. October white sugar on Liffe climbed $5.50 or 1.0 per cent to $576.00 a tonne. September arabica coffee ...

Palm oil futures rose the most in a week on speculation supply from the world’s biggest producing nations may be less than expected on La Nina weather and as rival soybean oil climbed. October-delivery futures jumped as much as 1.4 per cent to 2,529 ringgit ($791) a metric tonne on the Malaysia Derivatives Exchange, the biggest intraday gain since July 22. The most- active contract ended the morning session at 2,522 ringgit. December-delivery soybean oil gained as much ...

US wheat futures rose on Thursday, on track for their biggest monthly gain since 1973 on fears of lower exports from drought-stricken eastern Europe, especially third-largest global exporter Russia. Russian analysts on Wednesday forecast a near halving of the country's grain exports as its worst drought in years hits output, while other producers in the region, home to three of the world's top ten wheat exporters, are also likely to have less to sell. Front-month US wheat ...

A flour mill in Abu Dhabi is tendering to purchase 15,000 tonnes of hard wheat and 20,000 to 25,000 tonnes of yellow corn, European traders said on Thursday. Preferred origin for the wheat was the United States, Australia, Canada, Kazakhstan and Europe. Preferred origin for the corn was the United States, Argentina, Brazil, South Africa and Canada. Shipment for both wheat and corn was September 15-October 15. Bidding deadline was Thursday, July 29. ...

Severe drought and torrential rains have cut into crops of major grain-growing region the Black Sea forcing most countries in the region to revise their export plans downwards, officials and analysts said. Russian officials are very careful giving crop forecasts but on Tuesday, the economy ministry recognised this year's grain crop may be less than 80 million tonnes, 5 million tonnes below the latest official forecast. Analysts believe that the crop may fall to less than 70 ...

Wheat futures for September delivery rose 9.5 cents, or 1.6 per cent, to $6.045 a bushel as of 5:40 am on the Chicago Board of Trade. A close at that price would be the biggest gain since July 21. ...

Cocoa advanced 0.1 per cent to £2,283 a metric tonne on the Liffe exchange in London. ...

Robusta coffee advanced 0.1 per cent to $1,700 a metric tonne on the Liffe exchange in London. ...