Agriculture & Softs Commodity News | Commodities News – Wheat, Corn, Coffee
Parched Russia sends wheat prices soaring
Source: Financial Times, 15th July 2010
Wheat prices spiked to a 13-month high on Thursday as Russia's worst drought in more than a century sparked renewed fears over supply.
CFTC convergence subcommittee to meet on July 15
London, 15 July, 2010
The U.S. Commodity Futures Trading Commission said on Wednesday its subcommittee on convergence will meet today to discuss recent developments in the wheat markets.Russian drought sends wheat prices higher
Source: Financial Times, 15th July 2010
Wheat prices rose sharply higher on Thursday morning as Russia's worst drought in more than a century sparked renewed fears over supply.
Cocoa soars on strong demand data
Source: Financial Times, 14th July 2010
Cocoa prices rose above £2,700 a tonne on Wednesday for the first time since 1977 as better-than-expected data on demand gave an already tight market fresh impetus.
A funny thing happened on way to cocoa market
London, 14 July 2010
Following two days of exceptionally high turnover in front-month Liffe cocoa futures, the number of contracts outstanding for delivery has been cut by almost 40% from 49,000 on July 7 to just 29,000 yesterday (equivalent to 290,000 tonnes of physical cocoa).
Speculation takes cocoa to near-33-year high
Source: Financial Times, 14th July 2010
Cocoa prices jumped to a near-33-year high on Wednesday as better-than-expected data on demand for the bean used to make chocolate initiated a squeeze in the market ahead of the expiry of a key contract.
Bangkok buys sugar for first time in 30 years
Source: Financial Times, 13th July 2010
At Big C in Bang Na, a Bangkok suburb, no sugar has been on the shelves for a week. Montree Thamnuwat, the manager, says the supermarket tried to save its dwindling supplies by restricting customers to one kilo each - to no avail.
Thailand buys sugar for first time in 30 years
Source: Financial Times, 13th July 2010
Thailand, the world's second-largest sugar exporter, on Tuesday bought sugar for the first time in three decades, in a bid to ease a severe domestic shortfall.
Tight supplies push sugar to four-month high
Source: Financial Times, 9th July 2010
The price of white sugar jumped 11 per cent last week as a shortage of available supplies squeezed the market.
Brazilian port closure drives sugar higher
Source: Financial Times, 9th July 2010
Sugar prices jumped on Friday after the Brazilian authorities closed one of the country's largest ports for failing to hold the proper environmental licence.
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