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Markets - Commodities

Saturday, January 25, 2020

US MIDDAY: Gold scales two-week peak
Commodities

US MIDDAY: Gold scales two-week peak

Gold jumped to a more than two-week high on Friday as the latest updates on the coronavirus dented risk sentiment, and prompted a flight into safe-haven assets. Spot gold was up 0.7% at $1,573.53 per ounce by 1:41 p.m. EST (1841 GMT), having hit a peak si
Published 25 Jan, 2020 12:00am
US MIDDAY: Soyabeans tumble
Commodities

US MIDDAY: Soyabeans tumble

US soyabean futures hit a six-week low and grain futures slumped on Friday as fears over the coronavirus spreading from China triggered broad-based selling. The US Centers for Disease Control and Prevention confirmed a second US case of the new virus was
Published 25 Jan, 2020 12:00am
Gold eases in Europe
Commodities

Gold eases in Europe

Gold edged down on Friday as the dollar rose and the appetite for riskier assets improved after the World Health Organisation tempered fears of a global coronavirus outbreak. Spot gold was 0.3% lower at $1,557.93 per ounce by 1300 GMT but held above the k
Published 25 Jan, 2020 12:00am
Raw sugar slips from two-year peak
Commodities

Raw sugar slips from two-year peak

Raw sugar futures on ICE fell on Friday, as falling energy prices flagged the risk two-year peaks hit the previous session would be hard to sustain. Coffee and cocoa also fell. March raw sugar slipped 0.23 cents, or 1.6%, to 14.34 cents per lb at 1536 GMT
Published 25 Jan, 2020 12:00am
Malaysian palm oil falls over 2 percent
Commodities

Malaysian palm oil falls over 2 percent

Malaysian palm oil futures fell for a second straight session on Friday, hit by weak demand from India and China, with a strengthening ringgit also weighing on prices. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Ex
Published 25 Jan, 2020 12:00am
Tokyo rubber marks biggest weekly loss since 2011
Commodities

Tokyo rubber marks biggest weekly loss since 2011

Tokyo Commodity Exchange (TOCOM) futures extended losses on Friday into a sixth straight session, marking the biggest weekly loss since 2011, amid fears that a spreading virus in China may cut demand in the world's top rubber buyer.
Published 25 Jan, 2020 12:00am
Copper posts steepest weekly drop since 2015
Commodities

Copper posts steepest weekly drop since 2015

Copper prices recorded their biggest weekly fall in five years on Friday on concerns that the spread of the coronavirus could hit the Chinese economy and metals demand. China has stepped up measures to contain the virus, which has killed 26 people and inf
Published 25 Jan, 2020 12:00am
Saudi Arabia to buy 900,000 tonnes of feed barley
Commodities

Saudi Arabia to buy 900,000 tonnes of feed barley

Saudi Arabia's main state wheat buying agency the Saudi Grains Organization (SAGO), said on Thursday it has issued an international tender to purchase about 900,000 tonnes of animal feed barely. Tender deadline is Friday, Jan. 24, it said.
Published 25 Jan, 2020 12:00am
CBOT wheat firmer on brisk global demand
Commodities

CBOT wheat firmer on brisk global demand

Chicago Board of Trade wheat futures ended firmer on Thursday as brisk global demand continued to support prices a day after the most-active contract set a 1-1/2 year high, analysts said.
Published 25 Jan, 2020 12:00am
Paris wheat futures rise to one year highs
Commodities

Paris wheat futures rise to one year highs

Paris wheat futures edged up on Thursday to stay near this week's one year highs as strong export demand and firm prices in top exporter Russia continued to underpin the European market. March milling wheat, the most active contract on the Paris-based Eur
Published 25 Jan, 2020 12:00am
CBOT corn tops three-month high
Commodities

CBOT corn tops three-month high

Most-active Chicago Board of Trade corn futures exceeded a three-month high on Thursday on export demand and technical buying, traders said. The US Department of Agriculture said private exporters sold 141,000 tonnes of US corn to unknown destinations for
Published 25 Jan, 2020 12:00am
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