United States

Colin Packham

Australia government moves to head off water scandal ahead of election

Apr 23 2019

SYDNEY Australia's government moved on Tuesday to head off a potential scandal over state water purchases that has fueled opposition allegations of improper spending weeks before a general election.


Apr 18 2019

路透东京/悉尼4月18日 - 油价周四小升,受产油国削减供应及美国原油库存意外下滑所支撑,但美国石油产量强劲,令油价涨势受限。

REFILE-UPDATE 2-Oil rises on tightening supplies; ample U.S. output caps gains

Apr 18 2019

* Interactive graphic on inventories https://tmsnrt.rs/2XfuQqn

GRAINS-Soybeans rebound from 4-mth low, but S.American output and swine fever caps gains

Apr 17 2019

* Soybeans had hit lowest so far this year on Weds * Wheat ticks higher despite bumper global supply * Corn unchanged after marking 8-day low on Weds By Colin Packham SYDNEY, April 18 U.S. soybean futures edged up on Thursday to ease from a 2019-low touched the day before, but gains were checked by expectations of ample South American supply and fears swine fever outbreaks in China could hit demand for oilseeds there. Corn prices were unchanged, while wheat inched higher despite forecasts for bumper global stocks. The most active soybean futures on the Chicago Board of Trade were up 0.1 percent at $8.79-3/4 a bushel by 0301 GMT. They closed down 1 percent on Wednesday, having marked their lowest since Dec. 26 at $8.78-1/2 a bushel. But analysts said that prices for the oilseed remained under pressure. "The news suggests the market is both gaining supply from bigger South American crops and losing demand as China's pigs succumb to African swine fever," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia. Argentina estimated its 2018-19 soy harvest at 55.9 million tonnes, up from a drought-reduced 37.78 million tonnes last year. In Brazil, consultancy Celeres pegged the country's soybean crop at 115.8 million tonnes, up from its previous estimate of 113.8 million. Meanwhile, Chinese pork prices are set to jump 70 percent in the second half of the year, a senior official said on Wednesday, after data showed an outbreak of African swine fever cut the world's largest hog herd by 10 percent in the first quarter. China uses soybeans to make ingredients for animal feed. Potentially offering some support to soy prices, the Wall Street Journal reported that the United States and China have tentatively scheduled a fresh round of face-to-face trade talks, with negotiators aiming to hold a signing ceremony in late May or early June. The most active corn futures were unchanged at$3.58-1/4 a bushel. They closed down 1 percent in the previous session, after hitting their lowest since April 9 at $3.56-3/4 a bushel. The most active wheat futures were up 0.1 percent at $4.47-1/2 a bushel, having closed up 0.4 percent on Wednesday. The U.S. Department of Agriculture in a weekly report issued on Monday rated 60 percent of the U.S. winter wheat crop in good-to-excellent condition. That was unchanged from the previous week and in line with trade expectations, but up from 31 percent a year ago. Grains prices at 0301 GMT Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 447.50 0.50 +0.11% +0.56% 458.91 37 CBOT corn 358.25 0.00 +0.00% -0.21% 366.23 44 CBOT soy 879.75 0.75 +0.09% -0.93% 897.51 32 CBOT rice 10.43 -$0.05 -0.52% -0.86% $10.72 43 WTI crude 63.70 -$0.06 -0.09% -0.55% $60.90 61 Currencies Euro/dlr $1.129 $0.000 -0.01% +0.12% USD/AUD 0.7180 0.000 +0.03% +0.07% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Joseph Radford)

UPDATE 2-Australia's GrainCorp flags $29 mln earnings hit as China probes barley imports

Apr 17 2019

* Shares fall to three-week low (Adds details, grain trader quote)

Oil prices extend losses despite surprise drop in U.S. inventories

Apr 17 2019

SYDNEY, April 18 Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session.

Oil extends losses into second session; Russia, OPEC output in focus

Apr 15 2019

SYDNEY, April 16 Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for market share, checking a recent sharp rally driven by tighter global production.

GRAINS-Corn firms as market worries about planting delays

Apr 14 2019

* Snow across U.S. Midwest threatens to delay planting of corn * Wheat shrugs off threat of delays * Soybeans edges lower amid ample global supplies By Colin Packham SYDNEY, April 15 U.S. corn futures edged higher on Monday, extending gains into a second straight session, as recent adverse weather conditions threatened delay in planting schedule. Soybeans edged higher, while wheat fell 0.5 percent despite the threat-induced production drop. The most active corn futures on the Chicago Board Of Trade were up 0.4 percent at $3.62-3/4, as of 0112 GMT, having gained 0.3 percent in the previous session. Corn was drawing support after a blizzard across the Midwest threatened to stop farmers sowing crops, though they cautioned ample global supplies capped gains, analysts said. "The reality is, the world's grain supplies are plentiful. There are substantial downside conditions, it is not a deal breaker," said Phin Ziebell, agribusiness economist, National Australia Bank. The most active wheat futures slipped 0.4 percent to $4.62-3/4 a bushel, having closed 0.9 percent higher on Friday. The U.S. Department of Agriculture is scheduled to release updated U.S. planting progress figures for corn and spring wheat on Monday. The most active soybean futures were up 0.4 percent at $8.99 a bushel, having closed unchanged on Friday. The Buenos Aires Grains Exchange on Thursday raised its forecast for Argentina's soybean harvest to 55 million tonnes, a day after the Rosario exchange increased its estimate for the crop. Brazilian agricultural statistics agency Conab raised its estimates for the country's soy and corn harvests. Adding to the pressure, traders said, was continued uncertainty over the state of trade talks between the United States and China. Grains prices at 0319 GMT Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 462.75 -1.75 -0.38% +0.49% 459.40 49 CBOT corn 362.75 1.75 +0.48% +0.76% 367.49 46 CBOT soy 899.00 3.75 +0.42% +0.42% 899.90 52 CBOT rice 10.49 $0.02 +0.24% +1.94% $10.75 44 WTI crude 63.71 -$0.18 -0.28% +0.20% $60.17 65 Currencies Euro/dlr $1.131 $0.001 +0.09% +0.53% USD/AUD 0.7175 0.000 +0.06% +0.73% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham, Editing by Sherry Jacob-Phillips)

Poll shows support for Australia's far-right One Nation sinking before election

Apr 14 2019

SYDNEY Support for Australia's once-influential far-right One Nation party plummeted in the past week after a series of scandals and internal ructions, a widely watched poll showed on Monday, weeks out from a general election.

'Time's up Tony': Australian conservatives targeted in May election

Apr 10 2019

SYDNEY Sydney psychologist Nicola Gates is weeks away from doing something she has never done before – casting a vote for a candidate other than former conservative Australian prime minister, Tony Abbott.

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