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Markets - Commodities

Wednesday, January 22, 2020

European wheat prices rise to 1-1/2-year highs
Commodities

European wheat prices rise to 1-1/2-year highs

European wheat prices hovered near 1-1/2 year highs on Monday, supported by good international demand, with little sign that the trend would ease in the coming weeks, traders said. Benchmark March milling wheat on Paris-based Euronext unofficially closed
Published 22 Jan, 2020 12:00am
Patchy rains boost Ivory Coast's cocoa mid-crop
Commodities

Patchy rains boost Ivory Coast's cocoa mid-crop

Light showers in some of Ivory Coast's cocoa regions last week are likely to have boosted the April-to-September mid-crop, while heavier rain is needed elsewhere, farmers told Reuters on Monday. Ivory Coast, the world's top cocoa producer, is in its dry s
Published 22 Jan, 2020 12:00am
US MIDDAY: Gold falls
Commodities

US MIDDAY: Gold falls

Gold shed 1% on Tuesday in volatile trade as investors booked profits after prices hit a two-week high early in the session, although losses were limited by a slide in equities due to worries about a virus outbreak in China.
Published 22 Jan, 2020 12:00am
Russian wheat export prices at fresh high
Commodities

Russian wheat export prices at fresh high

Export prices of Russian wheat reached their highest level last week since the season began in July due to demand from major customer Egypt and risks related to Russian proposals to introduce an export quota, analysts said.
Published 22 Jan, 2020 12:00am
Tokyo rubber slumps over 4 percent
Commodities

Tokyo rubber slumps over 4 percent

Tokyo Commodity Exchange (TOCOM) futures plunged more than 4% on Tuesday, their most in 22 months, as concerns over the potential economic fallout from an outbreak of a new flu-like virus in China weighed on prices.
Published 22 Jan, 2020 12:00am
Copper falls on China virus and inventory jump
Commodities

Copper falls on China virus and inventory jump

Copper prices slumped on Tuesday as investors liquidated recent bullish positions over fears that a new strain of coronavirus in China could hit economic growth in the world's top metals consumer.
Published 22 Jan, 2020 12:00am
Malaysian palm oil dips
Commodities

Malaysian palm oil dips

Malaysian palm oil futures eased on Tuesday, dragged down by uncertainty over output and concerns about lower exports to major customers China and India.
Published 22 Jan, 2020 12:00am
Gold climbs in Asia
Commodities

Gold climbs in Asia

Gold prices rose to a two-week high on Tuesday as the spread of a new virus in China stoked fears of a wider epidemic, sparking a sudden bout of risk aversion and sell-off in Asian stocks.
Published 22 Jan, 2020 12:00am
Gold eases off two-week peak in Europe
Commodities

Gold eases off two-week peak in Europe

Gold briefly hit a two-week high on Tuesday as concerns over the coronavirus outbreak in China lifted demand for safe havens, but then retreated as investors took profits on the view that buying had been overdone.
Published 22 Jan, 2020 12:00am
US MIDDAY: Soyabeans, corn down
Commodities

US MIDDAY: Soyabeans, corn down

US corn and soyabean futures weakened on Tuesday as traders awaited evidence that China has started to buy more US crops after the countries signed an initial trade deal last week.
Published 22 Jan, 2020 12:00am
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