Chart Of The Week : WTI

PM markets: coffee gains, defying strong dollar, which hurts grains

Updated 2017-10-30

Commodity News Center

Updated on 2016-05-03

Are there opportunities for Nigeria to become the agricultural giant of Africa?

Updated on 2016-05-03

What are the avenues for raising finance for agribusiness in Nigeria and overseas?

Updated on 2016-05-03

How can Nigeria benefit from agricultural industrialisation?

Updated on 2016-05-07

Oil futures settle higher, but snap streak of 4 weekly gains in a row

Updated on 2016-05-07

Gold futures soar, book weekly gain after poor jobs report

Updated on 2016-05-07

Oil up on Canada wildfire, dollar; big weekly loss for Brent

Updated on 2016-06-09

Nigeria's pioneer commodities exchange to commence operation

Updated on 2016-06-09

Ongoing supply disruptions in Nigeria causes jump in Crude oil futures

Updated on 2016-06-09

Nigeria to stop importation of six commodities by 2018

Updated on 2016-06-14

Africa’s food suppliers target international exports in the drive for growth and profit

Updated on 2016-09-22

Kaduna government, firm to establish $120m rice processing plant

Updated on 2016-09-22

Bank of China Ltd.’s New York branch will be the first yuan clearing bank in the U.S.

Updated on 2016-10-03

Teekay LNG Partners Offers Investors An Opportunity

Updated on 2016-10-03

Large Oil Company Dividends Might Not Be Sustainable Long Term

Updated on 2016-10-03

Weatherford's SEC Fraud Case

Updated on 2016-10-14

Ukraine: Agricultural Biotechnology Annual

Updated on 2016-10-14

Ukraine: Potential Increase of Ukrainian Agricultural Exports to EU

Updated on 2016-11-02

Prices seen rising for oil and other commodities in 2017

Updated on 2016-11-14

Accepting Applications for 2017 Borlaug Fellowships

Updated on 2016-12-13

Developments in Israel’s food and agriculture sector.

Updated on 2016-12-13

U.S Beef Arrives to the Israeli Market

Updated on 2016-12-13

Japan - Agricultural Biotechnology Annual

Updated on 2016-12-13

Senegal - Cotton and Products Update

Updated on 2016-12-13

Private Exporters Report Sales Activity for China

Updated on 2017-02-23

Indication of Interest – Seeking crude oil suppliers

Updated on 2017-03-05

Nigeria BPE selects advisers for commodity exchange transactions

Updated on 2017-03-29

From Aspiration to Reality : Unpacking the Africa Mining Vision

Updated on 2017-04-04

Tanzania plans to import 400 MW of electricity from Ethiopia

Updated on 2017-04-04

OPEC's Barkindo Sees Progress in Oil Cuts as Stockpiles Shrink

Updated on 2017-04-07

Analysing the Petroleum Industry Bill

Updated on 2017-04-07

When Will Russia Run Out Of Oil?

Updated on 2017-04-07

Nigeria’s crude oil production decreases to 1.6mpd

Updated on 2017-04-07

Theft: Shell Shut Bonny Light Oil Export Line

Updated on 2017-04-07

Agip to begin work on $13.5b Zabazaba deepwater project

Updated on 2017-04-07

No Plan To Increase Petrol Price – NNPC

Updated on 2017-04-08

Seadrill - What Really Drove The Selloff And What May Happen?

Updated on 2017-04-08

Chesapeake Energy: What You Must Remember

Updated on 2017-04-08

Permian Economics: Cimarex On The Edge Of Being Part Of Shale Elites

Updated on 2017-04-08

Burma - New Pest Risk Analysis Requirements

Updated on 2017-04-08

China: Monthly Agricultural Market News of South China

Updated on 2017-04-08

Japan: Increasing Interest in U.S. Feeder Cattle

Updated on 2017-04-08

Philippines: Oilseeds and Products Annual

Updated on 2017-04-08

Thailand: Cotton and Products Annual

Updated on 2017-04-08

United Kingdom: UK Triggers Two-year Process to Exit EU

Updated on 2017-04-12

Market Updates: #Oil

Updated on 2017-04-12

Market Updates: #LNG

Updated on 2017-04-12

Market Updates: #Agriculture

Updated on 2017-04-12

Market Updates: #DryBulk

Updated on 2017-04-12

Market Updates: #Metals

Updated on 2017-04-15

Bosnia and Herzegovina: Wine Product Brief

Updated on 2017-04-15

Bulgaria: Oilseeds and Products Annual Report

Updated on 2017-04-15

Canada: Canada Top Market for U.S. High-Value Agricultural Exports

Updated on 2017-04-15

Canada: The Wine Market in the Province of Quebec

Updated on 2017-04-15

Estonia: 2017 Annual Oilseeds and Products Report

Updated on 2017-04-15

Russia: WTO Notifications on EAEU Phytosanitary Requirements

Updated on 2017-04-15

Serbia: Grain and Feed Annual

Updated on 2017-04-22

Crude Falls as Rising Rig Count Seen Boosting U.S. Production

Updated on 2017-04-22

Saudis Target 30 Solar, Wind Projects in $50 Billion Pledge

Updated on 2017-04-26

NNPC reduces trade deficit by 16%

Updated on 2017-04-26

Pipeline vandalism up by 233%, says NNPC

Updated on 2017-04-26

Oil Retreats as U.S. Production Gain Offsets Stockpile Decline

Updated on 2017-04-26

Malabu Oil Asks Court to Stop FG from Signing FID on $13.5bn Oil Project

Updated on 2017-04-26

Nigeria sold $6.7bn less crude in 2016 - Report

Updated on 2017-04-26

FG to sue IOCs over $17bn undeclared crude

Updated on 2017-04-26

FG, two firms sign pact on 120mw solar power

Updated on 2017-04-26

Technology that Will Change Agriculture in 2017

Updated on 2017-05-10

Total Nigeria Q1 2017 Result Review

Updated on 2017-05-10

Marginal fields bid round to commence this month

Updated on 2017-05-10

NNPC awards Ajaokuta-Kaduna-Kano gas pipeline to Chinese firm

Updated on 2017-05-10

Nigerian oil sales slow as uncertainty surrounds DSDP

Updated on 2017-05-10

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Updated on 2017-05-10

Global conventional oil discoveries drop to record low in 2016

Updated on 2017-05-10

Over 40% of electricity diverted, stolen

Updated on 2017-05-10

Fashola: DisCos’ poor remittance nearly collapsed power sector

Updated on 2017-05-10

Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018

Updated on 2017-05-10

Libya Adds to OPEC's Burden as Output at Highest Since 2014

Updated on 2017-05-10

Recent Spike in Commodity Prices Confounded Analysts

Updated on 2017-05-10

Boost in domestic fish production

Updated on 2017-05-10

5 Clean Energy Innovations That Could Transform Our World

Updated on 2017-05-11

Mobil Oil Nigeria Q1 2017 Results Review

Updated on 2017-05-11

Agip to build refinery in Nigeria

Updated on 2017-05-11

International Consumer Pays NBET $159m For Power

Updated on 2017-05-11

FG seeks $5.2bn from World Bank for electricity

Updated on 2017-05-11

Nigeria’s coal deposits can sustain additional 4,300MW for 20 years

Updated on 2017-05-11

Eni to build crude oil refinery in Nigeria -oil minister

Updated on 2017-05-11

Shale Drillers Are Outspending the World With $84 Billion Spree

Updated on 2017-05-11

Small-Scale Miners' Huge Boost to Foreign Earnings in Ethiopia

Updated on 2017-05-11

OPEC APR OUTPUT 31.85 MILLION B/D, UNCHANGED FROM MAR: PLATTS SURVEY

Updated on 2017-06-09

Constraint in Nigeria’s $10bn fruit industry

Updated on 2017-06-09

Dangote signs pact on $700m (USD) sugar project

Updated on 2017-06-09

FG: $1.2bn required to fix refineries

Updated on 2017-06-09

NNPC operating secret fuel subsidy — Senate

Updated on 2017-06-09

44 ships arrive Lagos ports, 8 with 233,000 tonnes of petrol

Updated on 2017-06-09

N4.74tn spent on fuel imports in 2016 – Kachikwu

Updated on 2017-06-09

FG, AfDB open talks on coal-to-power financing

Updated on 2017-06-09

Afam power station’ll generate 340MW by December – FG

Updated on 2017-06-09

Iraq Seeks to Triple Refining Capacity With Slew of Projects

Updated on 2017-06-09

Glut Keeps Oil Prices in Check as Turmoil Shakes the Middle East

Updated on 2017-06-09

Gold Rally Limited to U.K.

Updated on 2017-06-09

India: Grain and Feed Voluntary

Updated on 2017-07-04

France to invest in Nigeria’s oil, gas sector

Updated on 2017-07-04

Nigeria’s major non-oil exports fall

Updated on 2017-07-04

Maize prices rise 83% on the back of armyworm invasion

Updated on 2017-07-21

FG licenses 10 more modular refineries

Updated on 2017-07-21

NNPC daily gas supply to power plants increases by 64%

Updated on 2017-07-21

Downstream oil sector has $10bn investments deficit

Updated on 2017-07-21

Refineries realise N62 billion from refined products

Updated on 2017-07-21

Nigeria to explore African market for crude oil sale

Updated on 2017-07-21

Electricity: Grid loses 689mw after hitting 4,345mw

Updated on 2017-08-08

Lagos acquires 32 tonnes per hour rice mill from Switzerland

Updated on 2017-08-08

GuarantCo provides Debt Service Reserve Account guarantee (DSRA) guarantee in Mali

Updated on 2018-09-04

Ivory Coast cocoa farmers expect abundant crop despite meager rainfall

Updated on 2018-09-05

Nigeria spends $2bn annually on honey importation

Updated on 2018-09-06

Zimbabwe: Bread Shortage Looms As Flour Millers Halt Operations - Cite Lack of Forex From RBZ

Updated on 2018-09-07

Africa welcomes first ever full-stream oil, gas & energy transformation dais

Updated on 2018-09-07

South Africa: Sugar Tariffs to Provide Relief Against the Surge of Imports

Updated on 2018-09-10

Ghana’s cocoa industry is under threat could this be the solution?

Updated on 2018-09-11

Foreign reserves and oil prices fall in Nigeria

Updated on 2018-09-11

Zimbabwe: Gold Trades Lower

Updated on 2018-09-11

International Institute of Tropical Agriculture (IITA) becomes the first institution to win the Africa Food Prize

Updated on 2018-09-12

South Africa’s manufacturing output for July rises by 2.9 percent!

Updated on 2018-09-12

Global hunger continues to rise, new UN report says

Updated on 2018-09-14

$8.9b lost annually to post-harvest wastage, says NIRSAL

Updated on 2018-09-14

Minister: Foreign investors want banks to invest in mining

Updated on 2018-09-14

Forex earnings from cashew threatened

Updated on 2018-09-14

Nigeria, China sign $2bn MoU on cotton industry

Updated on 2018-09-18

Tanzania: Cassava Promotion Yields Positive Results in China

Updated on 2018-09-19

Why Kenya’s president is planning to cut fuel tax by half

Updated on 2018-09-20

Oil majors expect first ruling in Nigeria’s $1.3b oilfield scandal

Updated on 2018-09-20

$7b Train 7: NLNG secures guarantees for gas feedstock supply, off takers

Updated on 2018-09-21

Ethiopia: Coffee, Tea Exports Generate $82m

Updated on 2018-09-21

Nigeria, China commence implementation of low-density Geochemical mapping

Updated on 2018-09-21

Kenya: Why Nairobians Have Gone Crazy About Pineapple Peels

Updated on 2018-09-25

Zimbabwe: More Gold Resources At Blanket Mine

Updated on 2018-09-25

Nigeria: Experts List Challenges Facing Solid Minerals Sector

Updated on 2018-09-25

Zimbabwe: 'Diversify to Increase Mineral Commodities'

Updated on 2018-09-25

Libya Says Its Oil Output at Most Since 2013 Can Go Even Higher

Updated on 2018-09-27

‘SSAOGES 2018 will shape Africa’s energy culture

Updated on 2018-09-27

Despite huge gas reserves, supply troubles hit Nigeria’s LPG industry

Updated on 2018-09-27

NCDMB boss wants increased lawyers participation in oil, gas reforms

Updated on 2018-09-27

Nigeria Spends $44.5m Yearly On Industrial Minerals Importation – FG

Updated on 2018-09-28

Dangote Refinery jetty receives first ship

Updated on 2018-09-28

OAI seeks government commitment to oil sector reforms

Updated on 2018-10-02

OCP, Chinese firm collaborate on new generation of fertilizers, smart agriculture

Updated on 2018-10-03

FAO charges African governments to invest more in agriculture

Updated on 2018-10-03

FG begins move to broaden apiculture sector

Updated on 2018-10-03

18 fertiliser blending plants revived under PFI-FEPSAN

Updated on 2018-10-03

Nigeria records 20 unsold crude cargoes as trade slows

Updated on 2018-10-05

EU denies proposed ban on palm oil importation

Updated on 2018-10-05

SA looks to kickstart its biofuels industry

Updated on 2018-10-09

Nigeria: No Shipping Link - Nigeria Loses 1.4M Tons Coal Export to Ghana

Updated on 2018-10-09

Africa: 3 'Big' Economies Slow Down Growth in Sub-Saharan Africa

Updated on 2018-10-09

2018 Agric Show: Farmers Call For Adequate Security At Show

Updated on 2018-10-09

Dangote canvasses free trade to deepen Africa’s economy

Updated on 2018-10-11

Cement manufacturers target hinterlands to boost market share

Updated on 2018-10-11

Differentials For Nigerian Crude Remain Unchanged

Updated on 2018-10-11

AIICO Insurance unveils new initiative to boost Agriculture, economy

Updated on 2018-10-11

In Nigeria, Plans for the World’s Largest Refinery

Updated on 2018-10-16

Chinese Company to Invest in Agriculture, Power Projects in Nigeria

Updated on 2018-10-16

Kachikwu: Nigeria Currently In Full-Blown Energy Crisis

Updated on 2018-10-16

World Food Day: Obaseki harps on improved support to farmers, assures on food sufficiency measures

Updated on 2018-10-16

World Food Day: FG restates commitment to zero hunger

Updated on 2018-10-17

Barchart Launches cmdtyView to Revolutionize Physical Grain Trading

Updated on 2018-10-17

CBN Disburses N615bn to Farmers

Updated on 2018-10-18

Agric centre exihibits new technologies

Updated on 2018-10-18

Standard Chartered Foresees Increased China-Africa Trade

Updated on 2018-10-18

Zimbabwe: Wheat Supply Remains Critical

Updated on 2018-10-18

Why coffee farmers left production – Institute

Updated on 2018-10-18

Typha grass threatens farming in Jigawa

Updated on 2018-10-18

Kebbi wants EU to reduce subsidy on agric production

Updated on 2018-10-18

Institute says rice, sorghum, cassava will witness poor harvest

Updated on 2018-10-23

Agric sector loses N20b annually to insurance issues

Updated on 2018-10-23

Zimbabwe: 'Capitalise On Mining Boom'

Updated on 2018-10-23

Zimbabwe: 'Capitalise On Mining Boom'

Updated on 2018-10-23

Agric sector loses N20b annually to insurance issues

Updated on 2018-10-18

Institute says rice, sorghum, cassava will witness poor harvest

Updated on 2018-10-18

Kebbi wants EU to reduce subsidy on agric production

Updated on 2018-10-18

Typha grass threatens farming in Jigawa

Updated on 2018-10-18

Why coffee farmers left production – Institute

Updated on 2018-10-18

Zimbabwe: Wheat Supply Remains Critical

Updated on 2018-10-18

Standard Chartered Foresees Increased China-Africa Trade

Updated on 2018-10-18

Agric centre exihibits new technologies

Updated on 2018-10-17

CBN Disburses N615bn to Farmers

Updated on 2018-10-17

Barchart Launches cmdtyView to Revolutionize Physical Grain Trading

Updated on 2018-10-16

World Food Day: FG restates commitment to zero hunger

Updated on 2018-10-16

World Food Day: Obaseki harps on improved support to farmers, assures on food sufficiency measures

Updated on 2018-10-16

Kachikwu: Nigeria Currently In Full-Blown Energy Crisis

Updated on 2018-10-16

Chinese Company to Invest in Agriculture, Power Projects in Nigeria

Updated on 2018-10-11

In Nigeria, Plans for the World’s Largest Refinery

Updated on 2018-10-11

AIICO Insurance unveils new initiative to boost Agriculture, economy

Updated on 2018-10-11

Differentials For Nigerian Crude Remain Unchanged

Updated on 2018-10-11

Cement manufacturers target hinterlands to boost market share

Updated on 2018-10-09

Dangote canvasses free trade to deepen Africa’s economy

Updated on 2018-10-09

2018 Agric Show: Farmers Call For Adequate Security At Show

Updated on 2018-10-09

Africa: 3 'Big' Economies Slow Down Growth in Sub-Saharan Africa

Updated on 2018-10-09

Nigeria: No Shipping Link - Nigeria Loses 1.4M Tons Coal Export to Ghana

Updated on 2018-10-05

SA looks to kickstart its biofuels industry

Updated on 2018-10-05

EU denies proposed ban on palm oil importation

Updated on 2018-10-03

Nigeria records 20 unsold crude cargoes as trade slows

Updated on 2018-10-03

18 fertiliser blending plants revived under PFI-FEPSAN

Updated on 2018-10-03

FG begins move to broaden apiculture sector

Updated on 2018-10-03

FAO charges African governments to invest more in agriculture

Updated on 2018-10-02

OCP, Chinese firm collaborate on new generation of fertilizers, smart agriculture

Updated on 2018-09-28

OAI seeks government commitment to oil sector reforms

Updated on 2018-09-28

Dangote Refinery jetty receives first ship

Updated on 2018-09-27

Nigeria Spends $44.5m Yearly On Industrial Minerals Importation – FG

Updated on 2018-09-27

NCDMB boss wants increased lawyers participation in oil, gas reforms

Updated on 2018-09-27

Despite huge gas reserves, supply troubles hit Nigeria’s LPG industry

Updated on 2018-09-27

‘SSAOGES 2018 will shape Africa’s energy culture

Updated on 2018-09-25

Libya Says Its Oil Output at Most Since 2013 Can Go Even Higher

Updated on 2018-09-25

Zimbabwe: 'Diversify to Increase Mineral Commodities'

Updated on 2018-09-25

Nigeria: Experts List Challenges Facing Solid Minerals Sector

Updated on 2018-09-25

Zimbabwe: More Gold Resources At Blanket Mine

Updated on 2018-09-21

Kenya: Why Nairobians Have Gone Crazy About Pineapple Peels

Updated on 2018-09-21

Nigeria, China commence implementation of low-density Geochemical mapping

Updated on 2018-09-21

Ethiopia: Coffee, Tea Exports Generate $82m

Updated on 2018-09-20

$7b Train 7: NLNG secures guarantees for gas feedstock supply, off takers

Updated on 2018-09-20

Oil majors expect first ruling in Nigeria’s $1.3b oilfield scandal

Updated on 2018-09-19

Why Kenya’s president is planning to cut fuel tax by half

Updated on 2018-09-18

Tanzania: Cassava Promotion Yields Positive Results in China

Updated on 2018-09-14

Nigeria, China sign $2bn MoU on cotton industry

Updated on 2018-09-14

Forex earnings from cashew threatened

Updated on 2018-09-14

Minister: Foreign investors want banks to invest in mining

Updated on 2018-09-14

$8.9b lost annually to post-harvest wastage, says NIRSAL

Updated on 2018-09-12

Global hunger continues to rise, new UN report says

Updated on 2018-09-12

South Africa’s manufacturing output for July rises by 2.9 percent!

Updated on 2018-09-11

International Institute of Tropical Agriculture (IITA) becomes the first institution to win the Africa Food Prize

Updated on 2018-09-11

Zimbabwe: Gold Trades Lower

Updated on 2018-09-11

Foreign reserves and oil prices fall in Nigeria

Updated on 2018-09-10

Ghana’s cocoa industry is under threat could this be the solution?

Updated on 2018-09-07

South Africa: Sugar Tariffs to Provide Relief Against the Surge of Imports

Updated on 2018-09-07

Africa welcomes first ever full-stream oil, gas & energy transformation dais

Updated on 2018-09-06

Zimbabwe: Bread Shortage Looms As Flour Millers Halt Operations - Cite Lack of Forex From RBZ

Updated on 2018-09-05

Nigeria spends $2bn annually on honey importation

Updated on 2018-09-04

Ivory Coast cocoa farmers expect abundant crop despite meager rainfall

Updated on 2017-10-30

PM markets: coffee gains, defying strong dollar, which hurts grains

Updated on 2017-10-30

Weekly grain and oilseeds market view from Europe

Updated on 2017-08-08

GuarantCo provides Debt Service Reserve Account guarantee (DSRA) guarantee in Mali

Updated on 2017-08-08

Lagos acquires 32 tonnes per hour rice mill from Switzerland

Updated on 2017-07-21

Electricity: Grid loses 689mw after hitting 4,345mw

Updated on 2017-07-21

Nigeria to explore African market for crude oil sale

Updated on 2017-07-21

Refineries realise N62 billion from refined products

Updated on 2017-07-21

Downstream oil sector has $10bn investments deficit

Updated on 2017-07-21

NNPC daily gas supply to power plants increases by 64%

Updated on 2017-07-21

FG licenses 10 more modular refineries

Updated on 2017-07-04

Maize prices rise 83% on the back of armyworm invasion

Updated on 2017-07-04

Nigeria’s major non-oil exports fall

Updated on 2017-07-04

France to invest in Nigeria’s oil, gas sector

Updated on 2017-06-09

India: Grain and Feed Voluntary

Updated on 2017-06-09

Gold Rally Limited to U.K.

Updated on 2017-06-09

Glut Keeps Oil Prices in Check as Turmoil Shakes the Middle East

Updated on 2017-06-09

Iraq Seeks to Triple Refining Capacity With Slew of Projects

Updated on 2017-06-09

Afam power station’ll generate 340MW by December – FG

Updated on 2017-06-09

FG, AfDB open talks on coal-to-power financing

Updated on 2017-06-09

N4.74tn spent on fuel imports in 2016 – Kachikwu

Updated on 2017-06-09

44 ships arrive Lagos ports, 8 with 233,000 tonnes of petrol

Updated on 2017-06-09

NNPC operating secret fuel subsidy — Senate

Updated on 2017-06-09

FG: $1.2bn required to fix refineries

Updated on 2017-06-09

Dangote signs pact on $700m (USD) sugar project

Updated on 2017-06-09

Constraint in Nigeria’s $10bn fruit industry

Updated on 2017-05-11

OPEC APR OUTPUT 31.85 MILLION B/D, UNCHANGED FROM MAR: PLATTS SURVEY

Updated on 2017-05-11

Small-Scale Miners' Huge Boost to Foreign Earnings in Ethiopia

Updated on 2017-05-11

Shale Drillers Are Outspending the World With $84 Billion Spree

Updated on 2017-05-11

Eni to build crude oil refinery in Nigeria -oil minister

Updated on 2017-05-11

Nigeria’s coal deposits can sustain additional 4,300MW for 20 years

Updated on 2017-05-11

FG seeks $5.2bn from World Bank for electricity

Updated on 2017-05-11

International Consumer Pays NBET $159m For Power

Updated on 2017-05-11

Agip to build refinery in Nigeria

Updated on 2017-05-11

Mobil Oil Nigeria Q1 2017 Results Review

Updated on 2017-05-10

5 Clean Energy Innovations That Could Transform Our World

Updated on 2017-05-10

Boost in domestic fish production

Updated on 2017-05-10

Recent Spike in Commodity Prices Confounded Analysts

Updated on 2017-05-10

Libya Adds to OPEC's Burden as Output at Highest Since 2014

Updated on 2017-05-10

Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018

Updated on 2017-05-10

Fashola: DisCos’ poor remittance nearly collapsed power sector

Updated on 2017-05-10

Over 40% of electricity diverted, stolen

Updated on 2017-05-10

Global conventional oil discoveries drop to record low in 2016

Updated on 2017-05-10

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Updated on 2017-05-10

Nigerian oil sales slow as uncertainty surrounds DSDP

Updated on 2017-05-10

NNPC awards Ajaokuta-Kaduna-Kano gas pipeline to Chinese firm

Updated on 2017-05-10

Marginal fields bid round to commence this month

Updated on 2017-05-10

Total Nigeria Q1 2017 Result Review

Updated on 2017-04-26

Technology that Will Change Agriculture in 2017

Updated on 2017-04-26

FG, two firms sign pact on 120mw solar power

Updated on 2017-04-26

FG to sue IOCs over $17bn undeclared crude

Updated on 2017-04-26

Nigeria sold $6.7bn less crude in 2016 - Report

Updated on 2017-04-26

Malabu Oil Asks Court to Stop FG from Signing FID on $13.5bn Oil Project

Updated on 2017-04-26

Oil Retreats as U.S. Production Gain Offsets Stockpile Decline

Updated on 2017-04-26

Pipeline vandalism up by 233%, says NNPC

Updated on 2017-04-26

NNPC reduces trade deficit by 16%

Updated on 2017-04-22

Saudis Target 30 Solar, Wind Projects in $50 Billion Pledge

Updated on 2017-04-22

Crude Falls as Rising Rig Count Seen Boosting U.S. Production

Updated on 2017-04-15

Serbia: Grain and Feed Annual

Updated on 2017-04-15

Russia: WTO Notifications on EAEU Phytosanitary Requirements

Updated on 2017-04-15

Estonia: 2017 Annual Oilseeds and Products Report

Updated on 2017-04-15

Canada: The Wine Market in the Province of Quebec

Updated on 2017-04-15

Canada: Canada Top Market for U.S. High-Value Agricultural Exports

Updated on 2017-04-15

Bulgaria: Oilseeds and Products Annual Report

Updated on 2017-04-15

Bosnia and Herzegovina: Wine Product Brief

Updated on 2017-04-12

Market Updates: #Metals

Updated on 2017-04-12

Market Updates: #DryBulk

Updated on 2017-04-12

Market Updates: #Agriculture

Updated on 2017-04-12

Market Updates: #LNG

Updated on 2017-04-12

Market Updates: #Oil

Updated on 2017-04-08

United Kingdom: UK Triggers Two-year Process to Exit EU

Updated on 2017-04-08

Thailand: Cotton and Products Annual

Updated on 2017-04-08

Philippines: Oilseeds and Products Annual

Updated on 2017-04-08

Japan: Increasing Interest in U.S. Feeder Cattle

Updated on 2017-04-08

China: Monthly Agricultural Market News of South China

Updated on 2017-04-08

Burma - New Pest Risk Analysis Requirements

Updated on 2017-04-08

Permian Economics: Cimarex On The Edge Of Being Part Of Shale Elites

Updated on 2017-04-08

Chesapeake Energy: What You Must Remember

Updated on 2017-04-08

Seadrill - What Really Drove The Selloff And What May Happen?

Updated on 2017-04-07

No Plan To Increase Petrol Price – NNPC

Updated on 2017-04-07

Agip to begin work on $13.5b Zabazaba deepwater project

Updated on 2017-04-07

Theft: Shell Shut Bonny Light Oil Export Line

Updated on 2017-04-07

Nigeria’s crude oil production decreases to 1.6mpd

Updated on 2017-04-07

When Will Russia Run Out Of Oil?

Updated on 2017-04-07

Analysing the Petroleum Industry Bill

Updated on 2017-04-06

Dangote to intensify local sourcing of sugarcane for refining

Updated on 2017-04-04

OPEC's Barkindo Sees Progress in Oil Cuts as Stockpiles Shrink

Updated on 2017-04-04

Tanzania plans to import 400 MW of electricity from Ethiopia

Updated on 2017-03-29

From Aspiration to Reality : Unpacking the Africa Mining Vision

Updated on 2017-03-29

I quit my job to farm watermelons

Updated on 2017-03-05

Nigeria BPE selects advisers for commodity exchange transactions

Updated on 2017-02-26

John Deere 310SK backhoe review

Updated on 2017-02-23

Indication of Interest – Seeking crude oil suppliers

Updated on 2016-12-13

Private Exporters Report Sales Activity for China

Updated on 2016-12-13

Senegal - Cotton and Products Update

Updated on 2016-12-13

Japan - Agricultural Biotechnology Annual

Updated on 2016-12-13

U.S Beef Arrives to the Israeli Market

Updated on 2016-12-13

Developments in Israel’s food and agriculture sector.

Updated on 2016-11-14

Accepting Applications for 2017 Borlaug Fellowships

Updated on 2016-11-02

Prices seen rising for oil and other commodities in 2017

Updated on 2016-10-14

Ukraine: Potential Increase of Ukrainian Agricultural Exports to EU

Updated on 2016-10-14

Ukraine: Agricultural Biotechnology Annual

Updated on 2016-10-03

Weatherford's SEC Fraud Case

Updated on 2016-10-03

Large Oil Company Dividends Might Not Be Sustainable Long Term

Updated on 2016-10-03

Teekay LNG Partners Offers Investors An Opportunity

Updated on 2016-09-22

Bank of China Ltd.’s New York branch will be the first yuan clearing bank in the U.S.

Updated on 2016-09-22

Kaduna government, firm to establish $120m rice processing plant

Updated on 2016-06-14

Africa’s food suppliers target international exports in the drive for growth and profit

Updated on 2016-06-09

Nigeria to stop importation of six commodities by 2018

Updated on 2016-06-09

Ongoing supply disruptions in Nigeria causes jump in Crude oil futures

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>> Shifting Buying Patterns; Harvest in full swing; Palm Oil Up

The dollar maintained its upward move, hitting a three-month high against a basket of currencies, helped by better-than-expected US economic growth data. US gross domestic product grew at a 3.0% annual rate in the July-to-September period, above forecasts of a 2.5% figure.

 

And with dollar strength came further pressure on prices of dollar-denominated grains, curtailing their competitiveness for exports, and with US wheat futures suffering in particular.

 

‘Shifting buying patterns’

 

Sure, there are signs of demand around for wheat, with Saudi Arabia tendering for 475,000 tonnes of hard wheat, for instance, and Ethiopia having issued a further, 200,000-tonne tender (albeit with a distant November 29 deadline) even while its latest 400,000-tonne tender is still live.

 

But for the US, when the dollar is undermining competitiveness, at a time when latest export data have proved disappointing (for the major wheat classes)...The idea of the origin being bypassed was only enhanced by a report that Mexican buyers, the biggest buyers of US wheat, were investigating purchases from Australia, Germany and Poland, besides eyeing up a second shipment of Argentine supplies. Mexico interest in purchasing “wheat from Argentina shows global scope and shifting buying patterns, as abundant global stocks continue to provide a buyer’s mark”, said Benson Quinn Commodities.

 

Chicago vs Paris

Chicago wheat futures for December, the global benchmark, stood 1.3% lower at $4.26 a bushel in late morning deals, That contrasted with small gains in Paris futures, up 0.3% at E163.00 a tonne in late trading, favoured by a weaker euro. Europe’s single currency stood down 0.6% at $1.158 per E1 – down 2.0% in two days. London wheat for November gained 1.0% to £139.40 a tonne, as sterling took its two-day losses to 1.1%.

 

‘Harvest in full swing’

Nor did corn fare well in Chicago, shedding 0.8% to $3.47 ¾ a bushel, despite some signs of interest for US exports.The US Department of Agriculture revealed that Spain had bought 132,000 tonnes of US corn, a deal that Richard Feltes at RJ O’Brien said “suggests that Ukraine corn is overpriced” – Ukraine being a nearer origin for EU supplies. However, besides the weakness in wheat, a rival grain in many uses, corn also felt pressure from ideas of an accelerating US harvest, bringing supplies to weigh on values. “Harvest is expected to be in full swing over the weekend and next week,” said CHS Hedging. “With the exception of some light snow in Minnesota today and light rains in the eastern Corn Belt, weather for harvest looks open for the next 7-10 days.”The USDA weekly crop progress report on Monday is expected to show corn harvesting “50% complete versus 38% last week, and the five-year average at 73%”, the broker said.

 

‘Yields falling short of last year’

 

In fact, soybeans fared best among Chicago’s big three, adding 0.3% to $9.85 ¼ a bushel for January delivery, the best-traded contract. Again, there was a US export sale to report, of 238,000 tonnes of the oilseed to China, the top importer, easing concerns there over the impact both of the strong dollar and a drop in prices on China’s Dalian futures exchange to a series of contract lows. Indeed, Richard Feltes flagged the support to soy prices from “brisk US soy export sales and more reports of US soybean yields falling short of last year”. This from a harvest which is well through, meaning peak harvest pressure is probably past.

 

Palm up

The oilseeds complex was also helped by a sanguine reaction by palm oil futures to a Malaysian government estimate that the country’s output of the vegetable oil will rise next year to 20.5m tonnes. That is well above the 20.0m-tonne estimate last week from respected analyst Dorab Mistry. That said, Malaysia also sees its production this year at 20.0m tonnes, well above an estimate from Mr Mistry of 19.3m tonnes, and above expectations from many other commentators too. Palm oil futures edged 0.1% higher to 2,817 ringgit a tonne in Kuala Lumpur, taking gains this month to 4.5%.

In Chicago, rival vegetable oil soyoil stod up 0.5% at 34.68 cents a pound in late morning deals, finding particular strength in ideas of slow soybean sowings in Argentina, the top exporter of the vegetable oil.

 

‘Weather is improving’

Still, a far bigger gainer was arabica coffee, which for December delivery stood up 1.6% in late deals in New York, returning above its 20-day moving average. Sure, a weaker real undermines the value of assets over which Brazil is a key influence, while rains are due for needy central areas. “The weather in the producing belt is improving,” said Brazil’s CNC producers’ group, adding that Somar Meteorologia forecasts rains “in almost every state” this weekend. 

 

‘Losses now established’

Still, the CNC also flagged that “some observers consider losses in coffee plantations now established, due to the high temperatures and the drought that prevailed in previous weeks”. Furthermore, the idea of producers holding back sales in hope of higher prices, as highlighted by Marex this week, appears a growing market talking point.There is also talk of an report circulating from Terra Forte which is downbeat on Brazilian output prospects, and this supportive for prices, cautioning for instance that higher tree planting densities, in raising moisture needs, have rendered Brazilian plantations more vulnerable to drought. Signally, Brazilian cash prices, as measured by Cepea, have turned upwards of late, adding 0.9% on Thursday to stand flat for the month, in local currency terms.

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