United Kingdom

Sybille de La Hamaide

GRAINS-Soybeans, corn rise for second session on easing U.S.-Iran tension

09 Jan 2020

* Grains up as U.S., Iran show signs of desire to avoid conflict

GRAINS-Soybeans set for 5th straight weekly gain on China demand hopes

03 Jan 2020

* Soybeans up 0.8% for the week * Wheat down after sharp gains * Market still assessing impact of Iranian commander killing (Adds prices in paragraphs 3, 4) By Naveen Thukral and Sybille de La Hamaide SINGAPORE/PARIS, Jan 3 Chicago soybean futures ticked lower on Friday although the market was poised for a fifth consecutive weekly gain, underpinned by expectations of higher Chinese demand. Wheat retreated as traders booked profit after a sharp rise in recent weeks on declining conditions of the U.S. winter crop. The Chicago Board of Trade's most-active soybean contract was down 0.8% at $9.49 a bushel by 1216 GMT, but for the week the market was up 0.8%. Wheat was down 0.9% at $5.55 a bushel, now virtually stable on the previous week, and corn was down 0.5% at $3.91-1/2 a bushel, up around 0.5% this week. The impact of a U.S. air strike in Iraq that killed a top Iranian commander, sharply escalating geopolitical tensions in the Middle East, was still to be assessed, traders said. They could support oilseed markets after a surge in oil prices but at the same time may hurt grain demand from importing countries in the region. China has eased customs regulations on imports of soybeans through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine. Condition ratings for winter wheat declined from late November to late December in most U.S. Plains states, the U.S. Department of Agriculture (USDA) said on Thursday, reflecting dry conditions in some areas. The USDA issued its last national winter wheat ratings of the season on Nov. 25, reporting 52% of the U.S. crop in good to excellent condition as of Nov. 24. Over the winter, USDA's National Agricultural Statistics Service releases monthly reports for select states. Traders are waiting for the agency to issue crop production data on Jan. 10 amid uncertainty about the size of the autumn corn harvest, which was delayed by cold, wet weather. The USDA said in a separate report that 5.24 million tonnes, or 175 million bushels, of U.S. soybeans were crushed in November. This was below analysts' expectations for 5.277 million short tonnes, or 175.9 million bushels. The agency on Friday is due to report weekly export sales of grains and soybeans, a day later than usual due to the New Year's Day holiday on Wednesday. Commodity funds were net buyers of Chicago Board of Trade corn, wheat, soybean, soymeal and soyoil futures contracts on Thursday, traders said. Prices at 1206 GMT Last Change Pct End Ytd Move 2019 Pct Move CBOT wheat 555.00 -5.25 -0.94 558.75 -0.67 CBOT corn 389.50 -2.00 -0.51 387.75 0.45 CBOT soy 949.00 -7.25 -0.76 955.50 -0.68 Paris wheat Mar 188.50 -1.00 -0.53 188.75 -0.13 Paris maize Jan 168.50 -0.50 -0.30 168.50 0.00 Paris rape Feb 414.00 0.75 0.18 411.50 0.61 WTI crude oil 63.73 2.55 4.17 61.06 4.37 Euro/dlr 1.11 0.00 -0.37 1.1210 -0.72 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Naveen Thukral and Sybille de La Hamaide; Editing by Subhranshu Sahu and Maju Samuel)

GRAINS-Soy slips from 6-week top; corn and wheat rangebound ahead of holiday

24 Dec 2019

(Updates prices, adds detail) By Emily Chow and Sybille de La Hamaide SHANGHAI/PARIS, Dec 24 U.S. soybeans fell on Tuesday, slipping from a six-week high hit in the previous session, as expectations of top consumer China ramping up soy purchases following an announcement of a Phase 1 China-U.S. trade deal stoked demand concerns. The most active soybeans contract was down 0.5% at $9.25-1/4 a bushel around 1151 GMT, and was in line to snap a two-session rally. China and the United States struck a so called "Phase 1" trade deal that includes a commitment by Beijing to increase purchases of U.S. agricultural products. China's top agriculture consultancy said last week that the country will make good on a pledge to buy more than $40 billion of American farm goods. Corn and wheat, however, remained rangebound ahead of a public holiday on Wednesday. The most active wheat contract was up 0.2% on Tuesday at $5.40-1/2 a bushel, while the most active corn futures contract was up 0.1% at $3.88-1/2 a bushel. The U.S. Department of Agriculture reported on Monday that exporters sold 126,000 tonnes of soybeans for delivery to China during the 2019/2020 marketing year, while also changing destinations of 220,500 tonnes of soybeans to Netherlands and Saudi Arabia. Meanwhile, export prices for Russian wheat rose for a sixth straight week last week due to a stronger rouble against the dollar and demand ahead of Russia's New Year holiday, analysts said. Russian state-controlled grain trader United Grain Company (UGC) has drafted a new strategy aimed at increasing its own grain purchases and trade to 8 million tonnes a year by 2024, Russian daily the Kommersant reported on Monday. Morocco will suspend customs duty on soft wheat from Jan. 2 to April 30 to ensure regular supplies and stable prices in the domestic market, according to a draft decree seen by Reuters on Tuesday. The suspension of the 35% customs duty will be officially announced after a government meeting on Thursday. Prices at 1151 GMT Last Change Pct End Ytd Move 2018 Pct Move CBOT wheat 540.50 1.00 0.19 503.25 7.40 CBOT corn 388.50 -0.25 -0.06 375.00 3.60 CBOT soy 929.25 -4.75 -0.51 895.00 3.83 Paris wheat Mar 187.00 0.00 0.00 191.25 -2.22 Paris maize Jan 162.00 0.50 0.31 175.25 -7.56 Paris rape Feb 409.00 0.00 0.00 364.00 12.36 WTI crude oil 60.65 0.13 0.21 45.41 33.56 Euro/dlr 1.11 0.00 -0.12 1.1469 -3.45 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Emily Chow, additional reporting by Sybille de La Hamaide; Editing by Rashmi Aich and Louise Heavens)

French protesters take to streets over pension reform but numbers dwindle

10 Dec 2019

PARIS Strikes against pension reforms shut schools and caused transport chaos around France on Tuesday, but the number of people taking to the streets dropped by more than half from last week, strengthening President Emmanuel Macron's hand. | Video

France's unions take pensions battle back onto the streets

10 Dec 2019

PARIS, Dec 10 French unions called on Tuesday for public workers to stage one of the biggest protests in decades, hoping to exceed the 800,000 people they brought into the streets last week in an uprising against President Emmanuel Macron's pension reforms.

France to ban dozens of glyphosate weedkillers amid health risk debate

09 Dec 2019

PARIS France's health and environment agency said on Monday it was banning dozens of glyphosate-based weedkillers, most of the volume of such products sold in France, ruling there was insufficient data to exclude health risks.

French police fire tear gas at strikers challenging Macron reform

05 Dec 2019

PARIS Police fired tear gas at protesters in the center of Paris on Thursday and public transport ground to a near halt in one of the biggest strikes in France for decades, aimed at forcing President Emmanuel Macron to ditch a planned reform of pensions. | Video

UPDATE 6-French police fire tear gas at strikers challenging Macron reform

05 Dec 2019

* Transport unions to take strike into second day (Updates with details of Paris clashes)

France's 5G spectrum to be sold at floor price of 2.17 billion euros: minister

24 Nov 2019

PARIS Frances's 5G spectrum will be sold at a floor price of 2.17 billion euros ($2.4 billion), a minister said on Sunday, significantly more than the amount previously recommended by the country's telecoms regulator Arcep.

French sugar group Tereos's loss narrows as prices recover

15 Nov 2019

PARIS French sugar group Tereos posted a narrower loss in the first half, thanks to an improved second quarter as global prices recovered from a historic low and pointed to a better price outlook for the rest of the year.

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