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Markets - Commodities

Wednesday, December 11, 2019

IGC raise forecast for world corn production
Commodities

IGC raise forecast for world corn production

The International Grains Council (IGC) on Thursday raised its forecast for global corn (maize) production in the 2019/2020 season, mainly reflecting an improved outlook for the US crop. In its monthly update, the inter-governmental body increased its glob
Published 11 Dec, 2019 12:00am
PAD invites applications from canola growers
Commodities

PAD invites applications from canola growers

The Punjab Agriculture Department (PAD) has invited applications from the canola growers of the province to take part in the competition for achieving maximum yield per acre under the national project of edible oil crops. Those who are aspirant to compete
Published 11 Dec, 2019 12:00am
Ivory Coast cocoa farmers worry over rising heat
Commodities

Ivory Coast cocoa farmers worry over rising heat

Mainly below average rains last week in most of Ivory Coast's cocoa regions had farmers worried about the rising heat, despite a good soil moisture content, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is now in the dry season, whi
Published 11 Dec, 2019 12:00am
Paris wheat futures little changed
Commodities

Paris wheat futures little changed

Paris wheat futures were little changed on Monday as traders awaited direction from US government crop data while physical prices in Europe were generally firm on steady export demand. March milling wheat, the most active contract on the Paris-based Euron
Published 11 Dec, 2019 12:00am
Canadian canola futures rise
Commodities

Canadian canola futures rise

ICE Canadian canola futures rose on Monday for a third straight session, boosted by gains in soyaoil and palm oil. Canola is also helped by Friday's Statistics Canada report that estimated a much smaller Canadian canola harvest than expected, although dim
Published 11 Dec, 2019 12:00am
Russian wheat prices rise on strong demand
Commodities

Russian wheat prices rise on strong demand

Russian wheat prices rose for a fourth consecutive week through Friday thanks to strong demand from exporters and stockpiling by domestic processors before the market quietens down in late December and early January, analysts said. Egypt's state grain buy
Published 11 Dec, 2019 12:00am
US MIDDAY: Palladium breaks $1,900 ceiling
Commodities

US MIDDAY: Palladium breaks $1,900 ceiling

Palladium zoomed past $1,900 an ounce for the first time ever on Tuesday as a power crisis halted production at mines in major producer South Africa, exacerbating concerns over supply and extending the autocatalyst's record run.
Published 11 Dec, 2019 12:00am
Nickel rebounds from five-month low
Commodities

Nickel rebounds from five-month low

Nickel bounced from a five-month low on Tuesday as investors regarded a sharp downtrend as overdone given an export ban on ore from Indonesia from 2020 is expected to tighten the market. Three-month LME nickel gained 0.5% to $13,405 a tonne in final open-
Published 11 Dec, 2019 12:00am
Tokyo rubber gains
Commodities

Tokyo rubber gains

Tokyo Commodity Exchange (TOCOM) futures gained on Tuesday, helped by expectations for tighter supplies as the world's major rubber producers seek ways to trim exports to help shore up prices. TOCOM's rubber contract for May delivery finished 1.1 yen high
Published 11 Dec, 2019 12:00am
Palm oil ends lower after six-session rally
Commodities

Palm oil ends lower after six-session rally

Palm oil futures ticked lower on Tuesday, dropping for the first time in seven sessions after data showed Malaysian palm oil inventories fell less than expected last month while exports slid. The benchmark palm oil contract for February delivery on the Bu
Published 11 Dec, 2019 12:00am
Eurochem aims to become major potash market player by 2020
Commodities

Eurochem aims to become major potash market player by 2020

Russia-focused fertiliser producer Eurochem plans to become a major potash market player by 2020 with a production capacity of 2 million tonnes, its Chief Financial Officer Andrey Ilyin told Reuters. Swiss-based Eurochem, owned by Russian businessman Andr
Published 11 Dec, 2019 12:00am
Palladium eyes $1,900 in record surge in New York
Commodities

Palladium eyes $1,900 in record surge in New York

Palladium soared to a record just shy of the $1,900 mark on Monday, while gold prices held steady as uncertainty over US-China trade talks took center stage ahead of a Dec. 15 deadline for fresh US tariffs. Autocatalyst metal palladium climbed to an all-t
Published 11 Dec, 2019 12:00am
Gold little changed in Asia
Commodities

Gold little changed in Asia

Gold was trading in a tight range on Tuesday ahead of a two-day rate-setting meeting by the US central bank, with investors awaiting clarity on whether a next round of US tariffs on Chinese goods will come into effect this weekend. Spot gold was up 0.1% t
Published 11 Dec, 2019 12:00am
Gold rises in Europe
Commodities

Gold rises in Europe

Gold rose on Tuesday on uncertainty over US-China trade talks ahead of a Dec. 15 tariff deadline while investors looked to the US Federal Reserve's policy meeting for cues on its 2020 monetary outlook.
Published 11 Dec, 2019 12:00am
US MIDDAY: Soya, corn up; wheat rebounds
Commodities

US MIDDAY: Soya, corn up; wheat rebounds

US soyabean futures firmed on Tuesday, rising for a sixth consecutive session on hopes that the United States and China will continue to progress toward an interim trade deal.
Published 11 Dec, 2019 12:00am
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