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Archive

Markets - Commodities

Saturday, February 29, 2020

Brazil mills to allocate more cane to sugar production
Commodities

Brazil mills to allocate more cane to sugar production

Mills in Brazil's center-south region are expected to allocate more cane to sugar production in the new season that starts in April than they did in the previous crop, due to improved raw sugar prices in New York, INTL FCStone said on Thursday.
Published 29 Feb, 2020 12:00am
US MIDDAY: Palladium slumps 12 percent, gold 4 percent
Commodities

US MIDDAY: Palladium slumps 12 percent, gold 4 percent

Palladium led a free fall in precious metals on Friday, slumping more than 12%, while gold slid as much as 4% en route to its biggest daily drop in nearly seven years as coronavirus drove panic-stricken investors to liquidate assets across the board.
Published 29 Feb, 2020 12:00am
Us MIDDAY: Crop futures slide
Commodities

Us MIDDAY: Crop futures slide

US corn futures slumped to new contract lows on Friday and wheat fell to a 3-1/2 month low, both sinking for the seventh time in eight trading sessions as a spike in new coronavirus cases beyond China fuelled fears of a pandemic.
Published 29 Feb, 2020 12:00am
Gold, palladium slump in European trade
Commodities

Gold, palladium slump in European trade

Gold slumped over 3% on Friday, en route to its biggest daily fall in nearly seven years as mounting coronavirus fears drove panic-stricken investors to liquidate assets across the board. The free fall hammered other precious metals as well, with palladiu
Published 29 Feb, 2020 12:00am
Gold slips in Asia
Commodities

Gold slips in Asia

Gold prices retreated on Friday as investors booked profits from a 1% jump in the last session, but the metal had some support as mounting concerns over the rapid spread of coronavirus lifted expectations of rate cuts by major central banks. Spot gold was
Published 29 Feb, 2020 12:00am
Raw sugar, cocoa down
Commodities

Raw sugar, cocoa down

Raw sugar futures on ICE fell to a seven-week low on Friday, while cocoa prices were sharply down as concern about the spread of the coronavirus sparked widespread losses in crude oil and other commodity markets. May raw sugar was down 0.26 cents, or 1.8%
Published 29 Feb, 2020 12:00am
Aluminium, zinc bounce after hitting multi-year lows
Commodities

Aluminium, zinc bounce after hitting multi-year lows

Industrial metals prices carved out new lows on Friday as the coronavirus outbreak worsened, but most rebounded as traders cashed in profits and squared positions ahead of the weekend. The rapid spread of the coronavirus increased fears of a pandemic on F
Published 29 Feb, 2020 12:00am
Malaysian palm oil plunges 6 percent
Commodities

Malaysian palm oil plunges 6 percent

Malaysian palm oil futures ended 6 percent lower on Friday, marking the biggest weekly drop in over a decade, as coronavirus cases continued to spread globally and stoked worries about a slump in global edible oil demand. The benchmark palm oil contract f
Published 29 Feb, 2020 12:00am
Tokyo rubber tumbles
Commodities

Tokyo rubber tumbles

Tokyo Commodity Exchange (TOCOM) futures plunged more than 4% on Friday, extending losses into a fifth straight session and marking a 9% loss for the week, as growing number of coronavirus cases outside China fuelled fears of global economic slowdown. TOC
Published 29 Feb, 2020 12:00am
Philippines buyers buy about 275,000 tonnes of feed wheat
Commodities

Philippines buyers buy about 275,000 tonnes of feed wheat

Importers in the Philippines purchased around 275,000 tonnes of animal feed wheat to be sourced from optional origins in tenders on Thursday, European traders said on Friday. Two groups bought a total of five consignments each of around 55,000 tonnes, the
Published 29 Feb, 2020 12:00am
Euronext wheat futures fall at two-month low
Commodities

Euronext wheat futures fall at two-month low

Euronext wheat futures fell to a two-month low on Thursday, pressured by further heavy losses in financial markets as investors fretted over a coronavirus outbreak that has spread from China to a growing numbers of countries worldwide.
Published 29 Feb, 2020 12:00am
US wheat futures drop
Commodities

US wheat futures drop

US wheat futures fell sharply on Thursday as the spread of coronavirus beyond China rattled broader markets and stoked concerns about weakened global economic growth, traders said.
Published 29 Feb, 2020 12:00am
CBOT corn futures tumble
Commodities

CBOT corn futures tumble

Chicago Board of Trade corn futures tumbled to life-of-contract lows on Thursday as the spread of coronavirus fueled fears about a potential hit to global economic growth, traders said.
Published 29 Feb, 2020 12:00am