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Archive

Markets - Commodities

Friday, February 28, 2020

US MIDDAY: Gold jumps
Commodities

US MIDDAY: Gold jumps

Gold prices jumped 1% on Thursday as investors piled into safe-haven assets on mounting worries about how the coronavirus outbreak might hurt the global economy.
Published 28 Feb, 2020 12:00am
US MIDDAY: Corn, wheat slump
Commodities

US MIDDAY: Corn, wheat slump

US corn futures fell to contract lows on Thursday while wheat futures slumped to the lowest level in 2-1/2 months in tandem with tumbling equities and energy markets amid investor fears of the coronavirus outbreak developing into a pandemic.
Published 28 Feb, 2020 12:00am
Gold rises; palladium scales new peak in Europe
Commodities

Gold rises; palladium scales new peak in Europe

Gold prices gained on Thursday as rising cases of coronavirus beyond China exacerbated fears of a pandemic and its broader economic impact, boosting hopes for interest rate cuts by major central banks and demand for safe haven assets.
Published 28 Feb, 2020 12:00am
Malaysian palm oil up
Commodities

Malaysian palm oil up

Malaysian palm oil futures rose on Thursday after the second largest palm producer announced a long-awaited economic stimulus package to counter the impact of the coronavirus outbreak.
Published 28 Feb, 2020 12:00am
Tokyo rubber drops
Commodities

Tokyo rubber drops

Tokyo Commodity Exchange (TOCOM) futures dropped on Thursday as fears of a looming coronavirus pandemic grew after new infections outside China, the source of the outbreak, exceeded new cases within the country for the first time.
Published 28 Feb, 2020 12:00am
CBOT soyabean futures rise
Commodities

CBOT soyabean futures rise

Chicago Board of Trade soyabean futures rose on Wednesday after Argentina suspended registrations for agricultural product exports, which could hinder shipments from the major soya supplier and potentially benefit US soya exports, traders said.
Published 28 Feb, 2020 12:00am
Asia's naphtha falls to 5-month low
Commodities

Asia's naphtha falls to 5-month low

Asia's naphtha crack fell to a five-month low of $53.43 a tonne, dragged down by fears of the fast-spreading coronavirus weighing on the global economy and in turn, hitting petrochemicals demand.
Published 28 Feb, 2020 12:00am
Lethargic business seen on cotton market
Commodities

Lethargic business seen on cotton market

Lethargic mood was seen on the cotton market on Thursday as most of the participants were on the sidelines after confirmation of two cases of coronavirus in the country, dealers said.
Published 28 Feb, 2020 12:00am
CBOT corn futures lower
Commodities

CBOT corn futures lower

Chicago Board of Trade corn futures eased on Wednesday as the US dollar firmed and as the spread of coronavirus beyond China stoked concerns about a potential hit to global economic growth, traders said.
Published 28 Feb, 2020 12:00am
South Korean mills buy US wheat
Commodities

South Korean mills buy US wheat

The South Korean flour mills association KOFMIA bought around 85,000 tonnes of milling wheat to be sourced from the United States in a tender on Wednesday, European traders said.
Published 28 Feb, 2020 12:00am