Markets - Commodities
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MUMBAI: Indian soybean futures edged up on Monday due to thin supplies and a rise in overseas prices, while soyoil rose on a weak rupee.Rapeseed fell because of rising supplies from the new season crop.At 0821 GMT, the benchmark Malaysian palm oil contract was up 0.13 percent at 2,255 ringgit per tonne, while US soybeans were higher 0.52 percent at $13.94-1/2 per bushel."Futures are trading at very steep discount to spot prices. The gap is providing arbitrage opportunity to traders," said Faiyaz Hudani, a senior research analyst at Kotak Commodity Services Ltd.The key June soyoil contract was up 0.40 percent at 695.10 rupees per 10 kg on the National Commodity and Derivatives Exchange.The key June soybean contract rose 0.26 percent to 3,917 rupees per 100 kg, while the rapeseed contract for June edged down 0.43 percent to 3,458 rupees per 100 kg."Soymeal exports demand is weak, but the same time ...
SINGAPORE: Chicago corn slid 1.8 percent on Monday, falling for a second straight session as fears over slow US planting were eased by less rainfall than expected over the weekend.Wheat fell in line with losses in the corn market, with additional pressure from forecasts of higher production in India, which is expected to boost exports to trim burdensome stockpiles.Meteorologists had forecast wet weather to continue over the weekend, further slowing corn planting. However rainfall was ...
LONDON: Copper jumped almost 5 percent and was on track for its strongest gain in almost a year and half as economic stimulus moves by central banks raised investor confidence over industrial metals demand growth.Benchmark copper on the London Metal Exchange was up 4.6 percent to $7,160 by 1105 GMT from a close of $6,848 on Thursday, its biggest daily increase since Nov. 30 2011.The European Central Bank (ECB) cut interest rates for the first ...
SINGAPORE: London copper jumped more than 2 percent on Friday and appeared on course for its best day in four months, backed by more confidence in the global economy as central banks moved to stimulate growth which would boost demand for industrial metals.The European Central Bank cut interest rates for the first time in 10 months on Thursday, a day after the US Federal Reserve committed to continue its $85-billion monthly bond-buying program to bolster ...
KUALA LUMPUR: Malaysian palm oil futures crept up in tight trade on Friday with many investors exiting the market as the country heads into polls. Gains were capped by poor export data which set prices on course for a weekly loss of 2 percent.Malaysia, the world's No.2 palm oil producer, will hold its general elections on Sunday, May 5, in what could be the toughest test of the ruling coalition's 56-year grip on power in ...
SINGAPORE: Chicago corn was little changed on Friday, holding on to last session's gains and on track for its biggest weekly rise since July as wet weather continued to delay planting in the US Midwest, raising expectations for corn acres to switch to soybeans.Wheat edged higher, rising for four out of five sessions as the market was driven up by concerns over drought damage to the US winter crop, while soybeans edged higher, tracking gains ...More Articles...
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