LME Official Prices, US$ per tonne
Aluminium Premiums: 2287.50
Steel Billet: 340.00
Steel Rebar: 548.00
INTERIOR August 27, 2018
Chinese companies taking over Vietnam's timber sector:
The Chinese wooden furniture businesses are looking for new timber resources due to the Chinese government's decision to close the natural forests in China by 2017. Thus, Vietnam has become one of the top destinations for timber and over 500 foreign-invested businesses in China now operate in Vietnam, out of which one-third are from China and Taiwan...[More...]
Strong dollar boosts earnings in Malaysian furniture sector
Malaysian furniture exporters have seen revenues and profit rise over the past few months despite the ongoing labour shortage due to restrictions on the hiring of foreign workers... [More...]
WOOD CONSTRUCTION August 26, 2018
US housing starts recover in December
Housing starts in US saw a significant recovery in December 2016 after a sharp drop in November, the US Commerce Department reported... [More...]
FORESTRY August 25, 2018
US importers prepare to meet CITES rosewood regulations
The parties to the Convention on International Trade in Endangered Species (CITES) have added the entire genus of Dalbergia spp. in Appendix II to prevent unstainable use of all rosewood species... [More...]
MARKET PRICES August 23, 2018
U.S.: Softwood and panel markets - Week 3, 2017
Winter weather took much of the blame for a disappointing start to the year for many framing lumber traders. While frigid temperatures gave way to a warming trend across much of the continent, heavy rain kept a lid on activity in California and parts of the South. Other issues and distractions played a role, including uncertainty surrounding the U.S.-Canada trade dispute and a new administration in Washington.... [More...]
Latest Prices: Dow Jones & SIX Telekurs
Corn (Aug 18) USD 364.2
Wheat (Aug 18) USD 636.25
Soybeans (Aug 18) USD 1385
Soybean Meal(Aug 18)USD369.8
Soybean Oil (Aug 18) USD 54.38
Oats (Aug 18) USD 325.5
Rough Rice (Aug 18)USD 1434.5
Lean Hogs (Aug 18) USD 92.65
Live Cattle (Aug 18) USD 121.45
Feeder Cattle(Aug 18) USD153.8
Lumber (Aug 18) USD 259.7
Ethanol (Aug 18) USD 2.298
Corn oil, which is used both for cooking oil and to make biodiesel fuel, has emerged over the last year as a lucrative niche product for ethanol producers looking to add new revenue at a time of weak returns. Corn-oil production, though, comes with a downside: extracting the oil cuts into the fat content of the ethanol industry's major byproduct-distillers dried grain.
The Philippines will officially ask the World
Trade Organization to extend for five years a classification
that allows it to impose restrictions on rice imports, National
Food Authority chief Angelito Banayo said.
China. Chinese Premier Wen Jiabao said the
government will offer farmers more subsidies for grain
production if oil prices rise further. Wen said earlier this
month that China aims to spend CNY1.23 trillion ($195 billion)
on its agricultural sector this year, up CNY186.8 billion
compared with 2011.Traders say
advances were more reflective of oversold technical conditions,
overdue for a bounce with bargain hunting by processors and
ethanol plants aiding the recovery, analysts add. CBOT Dec corn
settled up 17 3/4c at $6.05 1/2/bushel.
France Bans Monsanto's 810 Corn CropWheat. The French government has decided to temporarily ban the cultivation of Monsanto Co.'s MON810 genetically-modified corn crop. Following a request sent to the European Commission, it has decided to ban the crop as a "precautionary measure" to protect the environment. The commission has requested the European food safety authority take emergency measures regarding the MON810 crop, but that the EU doesn't plan to take emergency measures at the moment.
Flood Risks Drop But US Drought To Persist.
Most of the continental U.S. is at little risk of flooding this spring, while the southern part of the country is expected to remain mired in drought, the National Oceanic and Atmospheric Administration said Thursday.
China Corn Imports Jul Rise On Lower US Prices -CNGOIC
China will likely step up corn imports as U.S. prices have
fallen below local prices and farmers are selling grain at
a slow pace amid rains, the China National Grain and Oils
Information Center, said.
*Data as of 2:30 CT Source: Dow Jones & SIX Telekurs