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Markets - Commodities

Thursday, February 20, 2020

US MIDDAY: Gold climbs
Commodities

US MIDDAY: Gold climbs

Gold rose on Wednesday, holding above $1,600 per ounce, as worries over the new coronavirus and its impact on global growth boosted safe-haven demand, while palladium continued its record run driven by short supplies of the metal.
Published 20 Feb, 2020 12:00am
Wheat, corn fall
Commodities

Wheat, corn fall

US wheat and corn futures fell on Wednesday on profit taking from the previous session's strong rally, grain dealers said. Soyabean futures were higher but gains were kept in check as the market waited for Chinese purchases, the day after Beijing said it
Published 20 Feb, 2020 12:00am
Copper steadies but virus clouds China demand prospects
Commodities

Copper steadies but virus clouds China demand prospects

Copper prices steadied on Wednesday near three-week highs as top consumer China announced further measures to help shore up growth hit by the coronavirus outbreak, but concern about the eventual damage to the economy capped gains.
Published 20 Feb, 2020 12:00am
Malaysian palm oil drops 3.5pc
Commodities

Malaysian palm oil drops 3.5pc

Malaysian palm futures fell their hardest in three weeks on Wednesday, hit by fears of higher production and slowing demand from top destinations India and China, amid a fast-spreading coronavirus outbreak.
Published 20 Feb, 2020 12:00am
European wheat futures climb to three-week high
Commodities

European wheat futures climb to three-week high

European wheat futures climbed to a three-week high on Tuesday, supported by a rise in US futures, while continued weakness in the euro boosted export prospects for western European supplies. Front-month March milling wheat on the Paris-based Euronext exc
Published 20 Feb, 2020 12:00am
CBOT corn futures higher
Commodities

CBOT corn futures higher

Chicago Board of Trade corn futures rose 1.3% on Tuesday, supported by gains in the wheat market. The benchmark CBOT March corn futures contract broke through its 10-day moving average but closed below session highs after hitting resistance as it neared i
Published 20 Feb, 2020 12:00am
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