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Weak Rand stops SA benefiting from low global agricultural commodity prices

Biz Community - 5/27/2016 5:17:01 AM
South Africa is till reeling from the effects of the drought despite a drop in global agriculture commodity prices in 2015 and early 2016 and has failed to capitalise on the slowdown due to the weakness of the Rand. According to Paul Makube, senior ...

Chana prices to trade sideways to higher: Angel Commodities

Money Control - 5/27/2016 5:17:01 AM
According to Angel Commodities , We expect chana prices to trade sideways to higher on anticipation of lower stocks and higher demand from millers in the domestic market. Dwindling supplies and higher import cost also keep prices higher.

Will Crude Futures Flip Into Backwardation?

Seeking Alpha - 5/26/2016 6:01:09 AM
Crude futures prices have risen by 89% since February 11th, the day before a select group of OPEC ministers met with the Russian oil minister and announced the "freeze" concept. Because the idea did not contemplate removing one barrel of production from ...

Despite Commodity And Resources Rally, Metals Pricing Recovery Is Not Immanent

Yahoo Finance - 5/26/2016 5:49:49 PM
In a sector battling overcapacity, a Wall Street Journal report says miners are not seeing the imminent recovery in commodity prices or resources that rallied through much of this year, and unfortunately, this month's figures headed still lower.

Hottest Commodity of 2016 Is Chicken Feed Amid Supply Woes

Bloomberg - 5/26/2016 4:45:24 PM
And cow food. Soybean meal, made from crushed soybeans and used to feed poultry and livestock, has jumped 54 percent in 2016, the biggest gain among the 22 components of the Bloomberg Commodity Index. Prices are soaring after flooding reduced crops and ...

Are commodities signaling a Lehman-sized meltdown? Japan’s Abe thinks so

Market Watch - 5/26/2016 6:36:57 AM
Only hours after Brent oil prices shot past $50-a-barrel for the first time in months, Japanese Prime Minister Shinzo Abe warned that the past few difficult years for commodities in general could be a red flag for another global financial crisis.

Asia Shares Retreat on Falling Commodities Prices, Fed Rate Uncertainty

The Wall Street Journal - 5/24/2016 10:17:03 PM
Shares across Asia mostly slid Tuesday as prices of oil and other commodities fell, while investors continued to struggle with uncertainty over the timing of the next U.S. interest-rate increase. Japan’s Nikkei Stock Average ended 0.9% lower, South Korea ...

USD lower as commodity prices rise

Forex Street - 5/26/2016 7:55:41 AM
In Australia, private capital expenditure (capex) contracted 5.2%q/q in the first quarter of 2016, missing consensus for a smaller decrease of -3.5% and also below the upwardly revised figure of +1.8% in the last quarter of 2015. On a year-over-year basis ...

Commodity Price: Oil Rally Boosts Sentiments, Resources Up - 5/26/2016 3:40:59 PM
The downcast commodity sector has got a new lease of life as oil crossed the aspirational benchmark of $50 per barrel on Thursday and dollar softened. Dollar index that measures the US currency’s strength against a basket of global currencies was down 0 ...

Commodity exchanges need more risk management tools at the client level: Samir Shah, CEO, NCDEX

Economic Times - 5/27/2016 2:53:51 AM
Capital markets regulator Sebi has barred Ruchi Soya and another entity from the securities market for alleged cartelisation to influence the price of castor futures on NCDEX. Samir Shah, CEO, NCDEX, tells Ram Sahgal that market confidence would only get ...

India could take a hit of $49 bn in GDP amid volatile food prices: UN

Firstpost - 5/26/2016 11:37:36 AM
The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if global food commodity ...

Futures higher, Asian stocks up as oil prices rise

USA TODAY MONEY - 5/25/2016 2:56:14 AM
Japan’s Nikkei 225 index rose 1.6% to 16,757.35, while Hong Kong’s Hang Seng index surged 2.7% to 20,368.05. The Shanghai composite index fell 0.2% to 2,815.09. European shares were higher Wednesday. U.S. crude rose 1.5% to $49.35 a barrel Wednesday ...

Rise in Commodity Prices Support Latin American Markets

Market Realist - 5/25/2016 6:23:49 AM
Latin American markets were trading higher on Wednesday, May 25, 2016, supported by a rally in crude and other commodity prices. Brazilian stocks rallied as its acting president, Michel Temer, won his first victory with the country’s congress by ...

TSX edges lower as dip in commodity prices weighs on resource stocks

Reuters - 5/26/2016 4:20:56 AM
TORONTO (Reuters) - Canada's main stock index edged slightly lower on Thursday, including losses for resource stocks as oil and gold prices dipped. The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE unofficially closed down 4.54 points, or 0.03 ...