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CHINA COMMODITIES SELLOFF DEEPENS AS STEEL POSTS WORST WEEK SINCE 2009

  NEGOTIATOR’S TAKE: Sharp fall in Chinese metals likely means lower prices globally.   May 2016 – Shanghai – Commodity slide spills over into stocks Chinese commodities prices spiraled lower on Friday, with steel futures suffering their worst week since

Palm oil prices slip to 5-year low

“The overall vegetable oil sector is effectively swimming in supply, or will be swimming in supply by the time we get to the end of the year,” Singapore-based Gordon said in a phone interview. The most-active price on Bursa Malaysia

Soybean oil futures hit five-year low

The USDA has projected domestic 2014-2015 soybean production at a record-high 3.816 billion bushels, with a strong estimated yield of 45.4 bushels/harvested acre, according to the latest monthly World Agricultural Supply and Demand and Estimate report, released August 12. Chicago

Worst month for commodities in 2 years

The U.S. Department of Agriculture raised its estimates on global stockpiles for cotton, corn, soybeans last month, signaling a growing glut. Bigger crops are helping to keep food inflation in check, with the United Nations reporting a third monthly drop

Soybeans tumble after USDA acreage report

In its June 30th acreage report , the USDA indicates that soybean planted area for 2014 is estimated at a record high 84.8 million acres, up 11 percent from last year. Area for harvest, at 84.1 million acres, is up

How will El Niño impact commodities in 2014?

Forecasters from the United States to Australia are strengthening predictions for the arrival of an El Nino in 2014, and Goldman Sachs Group this week listed palm oil among the crops that could be hurt. The events, which affect weather

Food prices on the rise in the US

After the FAO Food Price Index of 55 food items rose 2.6 percent last month, food prices in the US rose 0.4% in February, the most since September 2011, the Bureau of Labor Statistics said Tuesday. Beef and veal shoppers

FAO Food Price Index highest in 19 months

The FAO Food Price Index of 55 food items rose to 208.1 points last month, 5.2 points, or 2.6 percent, above a slightly revised index for January, but still 2.1 percent less than one year ago. February’s rebound, the sharpest

Cattle futures rise to record high

Live-cattle futures have jumped 10.2% so far this year, a gain that is leading to higher wholesale beef prices and is widely expected to result in record U.S. consumer prices for steaks, ground beef and other products this year. Cattle

Soybeans price update

Soybeans for March delivery closed up 25c/1.9% at $13.6250/bu in Chicago YD as the worst drought in decades threatened production in Brazil. Via Propurchaser.com