CHINA TO REMAIN NET IMPORTER OF OILSEEDS IN MY 2016/17

Gold Silver Reports — China continues to be the largest oilseed importer in the world.In MY15/16, Chinas total oilseed imports reached 87.93 million tons (MMT). Chinese total soybean imports hit another record at 83.23 MMT, absorbing 61 percent of total world exports, and 59 percent of total U.S. soybean exports. United States Department of Agriculture (USDA) estimates this growing trend in soybean imports will continue and reach 86 MMT in MY16/17, and 89 MMT in MY17/18.

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COPPER HIT ONE WEEK LOW AFTER STRIKE RESOLUTION TALKS RESUME

COPPER HIT ONE WEEK LOW AFTER STRIKE RESOLUTION TALKS RESUME

Gold Silver Reports – Copper has hit a one-week low as talks to resolve a strike at the worlds biggest copper mine in Chile were set to resume and production at another huge mine in Indonesia restarted. Perus copper production rose 24.8 per cent in January from the same month a year earlier while zinc output increased 11.3 per cent.

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GOLD SEES MILD SELLING AHEAD OF FED SPEAKERS

GOLD SEES MILD SELLING AHEAD OF FED SPEAKERS — Gold Silver Reports

Gold Silver Reports – Gold dropped a little on profit selling today as investors turned their eyes to comments from several Federal Reserve officials. Gold futures consolidated a little yesterday as poor speculative demand capped the metal.

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