European Union production of rapeseed and sunflower seed should rebound sharply in 2025 after adverse weather cut this year’s crops, consultancy Strategie Grains said. In its first projections for next year’s oilseed output, the firm forecast the EU rapeseed harvest at 18.7 million metric tons, up 12% from a four-year low of 16.7 million in 2024. For sunflower, 2025 production was pegged at 10.5 million tons, up 25% from a nine-year low of 8.4 million expected in 2024. This year’s rapeseed crop suffered from repeated heavy rain in western Europe, ...

Volumes traded for the scrap futures contracts on the London Metal Exchange, which settle basis the Platts assessment from S&P Global Commodity Insights, saw a significant increase on the week. Weekly LME scrap futures trading volumes in the week to Nov. 28 decreased to 265,190 mt, down from 382,150 mt in the week to Nov. 21, as sellers continued to face bearish price expectations from the Turkish mills reporting a lack of finished steel sales and consequent disinterest in scrap imports. Platts assessed spot prices for physical imports of premium ...

Euronext wheat futures dipped on Friday to touch a two-week low, as competition from cheaper Black Sea and Argentine supplies hung over the market while traders assessed Russia’s announcement of an export quota for later this season. A lull in U.S. markets, with Chicago futures re-opening for a shortened session after Thursday’s Thanksgiving closure, kept activity light on Euronext. March wheat BL2H5, the most-active position on Paris-based Euronext, settled down 0.2% at 221.50 euros ($233.75) per metric ton, after reaching its lowest since Nov. 15 at 220.75 euros. Euronext prices ...

Dalian iron ore futures climbed to their highest in more than a month on Friday to endthe week higher, as a stronger economic outlook for top consumer China lifted market sentiment. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.14% higher at 797.5 yuan ($110.29) a metric ton. The contract earlier rose as high as 806.5 yuan, strongest since Oct. 14, and added 2.90% this week. The benchmark December iron ore SZZFZ4 on the Singapore Exchange was 0.94% higher at $104.7 a ton, ...

For decades, the United States was the undisputed champ of soybean and corn exports. Like Muhammad Ali and Mike Tyson of their eras, U.S. farmers and grain companies dominated the competition. Now there’s a new king of the ring. Brazil became the world’s largest soybean exporter in 2013. For the next three years, according to University of Illinois analysis, Brazil and the U.S. traded the title. Brazil emerged as the largest soy supplier in 2017 and hasn’t relinquished it. U.S. supremacy as the world’s top corn exporter is also in ...

Iron ore production in the country rose 4.1 per cent to 158.4 million tonnes (MT) in the April-October period of the ongoing fiscal year, the government said. As per provisional data, iron ore production was 152.1 MT in the year-ago period. Continued growth in production of iron ore in the current financial year shows the robust demand conditions in the user industry. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery. Production ...

Malaysian palm oil futures rose for a fifth straight session and booked a weekly gain on Friday, amid supply concerns as heavy rains in the country were exacerbating already weak production levels. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 138 ringgit, or 2.82%,to 5,023 ringgit ($1,131.31) a metric ton at the close. The contract rebounded to log a weekly gain of 8.21%, the highest since June 2023, after falling for the past two consecutive weeks. The incessant rains, especially in the ...

Ukraine had harvested 53.9 million metric tons of grain from 97.9% of the planted area by Nov. 29, the agriculture ministry said on Friday. The volume included 22.4 million tons of wheat, 5.6 million tons of barley, 469,000 tons of peas and 24.2 million tons of corn. Farmers have threshed 95.6% of the corn area. Farmers also harvested 10.2 million tons of sunflower from 97.1% of the planted area. They completed the rapeseed harvest at 3.46 million tons and soybeans at about 6 million tons. The ministry has forecast the ...

Copper prices were little changed on Friday, supported by emerging signals of firmer demand in top metals consumer China but undermined by uncertainty over potential U.S. tariffs. Three-month copper CMCU3 on the London Metal Exchange (LME) was down 0.1% at $8,990 a metric ton in official open-outcry trading and set for a 5.3% decline for November. “The fundamentals are firm at the moment, it’s just that we don’t know what’s down the road in terms of tariffs, so markets are cautious to move in a decisive manner,” said WisdomTree commodity ...

South Korea’s state-backed Agro-Fisheries & Food Trade Corp. purchased an estimated 60,000 metric tons of rice mainly to be sourced from Vietnam and Thailand in an international tender which closed earlier in November, European traders said. The lowest price was reported as $425.50 a ton cost and freight (c&f) included for 10,000 tons of non-glutinous milled rice sourced from Vietnam. A tender seeking about 101,000 tons had closed on Nov. 7. The corporation often takes several weeks before awarding tender purchases with rice samples generally requested for examination. Other purchases ...

Soft wheat sowing in France has moved ahead of the average pace of recent years, data from farm office FranceAgriMer showed on Friday, as drier weather this month helped farmers catch up on rain delays earlier in the autumn. Farmers had sown 93% of the expected soft wheat area by Nov. 25, up from 81% a year ago and also ahead of a 91% average for the same week in the past five years, FranceAgriMer said in cereal crop report. Wet weather in September and October hampered field work and ...

Brazil’s 2024/2025 soybean crop was seen at a record172.2 million tons, consultancy firm Agroconsult said on Thursday. If confirmed, the output would surpass the current historic high for a single season of 162.4 million tons, which was set in 2022/23. It would also be up 10.7% from the previous cycle, when yields were hit by an adverse weather. At an event in Sao Paulo, Agroconsult estimated Brazil’s 2024/2025 soy planting area at 47.5 million hectares, up 1.5% from the previous season. Its estimatewas higher than the projections from national crop ...

China’s power firms are on track to cut coal’s share of annual electricity generation to below 60% for the first time in 2024, which would mark a major milestone in the country’s efforts to transition energy production away from fossil fuels. Reduced coal reliance by the world’s second-largest economy is a rare bright spot this year for climate trackers, who were disappointed by the recent COP29 meetings and are bracing for the United States’ withdrawal from the Paris Accord next year. And given that China’s absolute levels of coal-fired generation ...

Copper prices rose on Friday, supported by a softer dollar, but remained on track for a second straight monthly fall due to demand concerns amid possible U.S. tariffs and a lack of aggressive Chinese stimulus. The dollar index =USD was last down 0.3%, making greenback-priced metals cheaper to holders of other currencies. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.3% to $9,029 per metric ton by 0731 GMT. The most-traded January copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 closed nearly flat at 73,830 yuan ($10,216.28) ...

Copper prices dropped below $9,000 a metric ton on Thursday, weighed down by a stronger dollar, concern over global growth and demand in top metals consumer China. Three-month copper on the London Metal Exchange (LME) lost 0.5% to $8,973 a ton in official open-outcry trading. The U.S. currency index edged higher — reflecting strength that makes dollar-priced metals less attractive for buyers with other currencies — in thin trading because of the U.S. Thanksgiving holiday. Investors are still awaiting further developments after U.S. President-elect Donald Trump’s pledges to impose a ...