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Chicken feed hottest commodity of 2016 amid supply woes

  Bloomberg This year’s best-performing commodity is chicken feed. And cow food. Soybean meal, made from crushed soybeans and used to feed poultry and livestock, has jumped 54 percent in 2016, the biggest gain among the 22 components of the Bloomberg Commodity Index. Prices are soaring after flooding reduced crops and limited supplies from Argentina, the world’s biggest exporter of ...

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B’desh wheat cargo rejection spooks sellers

  Bloomberg Some wheat traders are steering clear of Bangladesh’s tenders to import the grain after the nation rejected three cargoes earlier this year. The country’s Directorate General of Food received only two offers in a tender to buy 50,000 metric tons of wheat, Ilahi Dad Khan, director of procurement at the agency, said by phone from Dhaka. It had ...

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Gold posts losses again as Yellen adds to rate-rise angst

  Bloomberg Gold looks very different than it did at the beginning of May. Along with platinum, palladium and silver, it is heading for the biggest monthly loss since November as investors anticipate higher borrowing costs in the U.S. Bullion has pared this year’s rally after retreating more than 5 percent in May as the dollar rallied and investors raised ...

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