(Source: Reuters)Asian shares and the euro traded in tight ranges ahead of a Spanish bond sale seen as a key test of investors' risk appetite amid renewed concerns over the euro zone's debt crisis.U.S. stocks slipped on Wednesday, a day after Wall Street's best gains in a month, as uninspiring earnings from tech bellwethers IBM and gave investors a reason to take profits.
FOREX-Yen pressured by Japan importers; all eyes on Spain
TOKYO, April 19 (Reuters) - The yen inched lower after commodity currencies briefly shot up on hopes China will soon ease policy, and as flows from Japanese importers and 'toushin' investment trusts pressured it against the U.S. dollar, traders said.
The euro is set to come under fresh pressure and test its long-standing support at $1.30 later in the session as Spain tests investors' confidence in its debt-ridden economy when it tries to sell new two- and 10-year bonds.
(Source: Reuters)Iran starts feed grain imports as sanctions bite
Iran's state feed agency SLAL is tendering to buy corn and soybean meal, European traders said on Wednesday, needed to feed the country's large livestock herds as private importers struggle with trade financing due to Western sanctions.
(Source: Reuters)German farmers cut 2012 wheat crop forecast
The German Farm Cooperatives Association said on Wednesday it has cut its forecast for the 2012 wheat harvest to 21.5 million tonnes from 24.2 million tonnes estimated in March as damage from the cold winter and dryness is becoming more apparent.
(Source: Reuters)USDA approves more sugar imports for U.S.
The U.S. Agriculture Department said Wednesday it has approved an increase in raw sugar imports of 450,000 short tons (408,233 tonnes) to meet a supply crunch in the country.
(Source: Reuters)China rice at record high on tight supply; more imports seen
Lower rice output in parts of China and government stockpiling have propelled domestic prices to record highs, boosting the prospects for imports as the world's most populous nation struggles for self-sufficiency in grains.
(Source: Reuters)Chicago corn rose 1.3 percent and wheat gained 0.9 percent as the markets took a breather after sliding to three-month lows in the last session, but improved supply prospects on crop-friendly U.S. weather may keep a lid on prices.
(Source: Reuters)The yen inched lower after commodity currencies briefly shot up on hopes China will soon ease policy, and as flows from Japanese importers and 'toushin' investment trusts pressured it against the U.S. dollar, traders said.
(Source: Reuters)Brent crude futures held above $118 as investors remained cautious ahead of a key Spanish bond auction, with renewed fears of a euro zone debt crisis keeping a lid on oil demand.
(Source: Reuters)Japan cuts April Iran oil purchases 77 pct - trade
Japan will slash its crude purchases from Iran by almost 80 percent in April compared to the first two months of the year as buyers comply with Western sanctions, trade sources said.
(Source: Reuters)Fortescue sees iron ore staying in $140.50-$149.5/T range
Australia's Fortescue Metals said it expected iron ore prices to remain in the $140.50-$149.50 a tonne range for the next year or two as demand from China, the top consumer of the steelmaking raw material, stays strong.
(Source: Reuters)China steel output hits record high amid doubts
China's daily crude steel output surged to a record of above 2 million tonnes in early April, sustaining last month's rapid pace, although an industry group warned of a slow down in momentum due to moderating demand.
China's daily crude steel output hit record in early Apr-CISA data
SHANGHAI, AprilFortescue sees iron ore staying in $140.50-$149.5/T range
SYDNEY, April 19 (Reuters) - Australia's Fortescue Metals said on Thursday it expected iron ore prices to remain in the $140.50-$149.50 a tonne range for the next year or two as demand from China, the top consumer of the steelmaking raw material, stays strong.
"We don't see any major change to the iron ore price range for the next year or two," Nev Power, chief executive of Fortescue, Australia's third biggest iron ore producer, told reporters.
BHP to join China's iron ore trading platform- CISA
BEIJING, April 18 (Reuters) - BHP Billiton will join China's first iron ore physical trading platform, an industry group said on Wednesday, completing the participation of the world's top miners in Beijing's bid to gain more control over pricing of the raw material.
BHP joins rivals Vale and Rio Tinto who have earlier signed up for the platform operated by the China Beijing International Mining Exchange which will start trading on May 8.
(Source: Reuters)London copper futures eased in cautious trade ahead of a key bond auction in Spain amid growing worries the euro zone debt crisis is resurfacing, dimming the outlook for global raw material demand.
(Source: Reuters)Gold held steady in a narrow range, as investors stood on sidelines and awaited a key Spanish debt auction later in the day amid worries that the euro zone debt crisis could flare up again
(Source: Reuters)Gold Fields increases investment in Peru project
South African miner Gold Fields , the world's No. 4 gold producer, increased the initial investment for its Peruvian Chucapaca project to $1.2 billion, the company's vice president for South America told Reuters on Wednesday.
METALS-Copper guarded ahead of Spanish bond auction
SHANGHAI, April 19 (Reuters) - London copper futures eased in cautious trade ahead of a key bond auction in Spain amid growing worries the euro zone debt crisis is resurfacing, dimming the outlook for global raw material demand.
Three-month copper on the London Metal Exchange ticked down 0.2 percent to $8,033 a tonne by 0352 GMT, after ending flat on Wednesday.
PRECIOUS-Gold subdued ahead of Spain auction
SINGAPORE, April 19 (Reuters) - Gold held steady in a narrow range, as investors stood on sidelines and awaited a key Spanish debt auction later in the day amid worries that the euro zone debt crisis could flare up again.
Concerns about Spain's finances and banking sector pushed up safe-haven U.S. Treasuries and German Bunds, and caution prevailed in most markets.
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