News Archives for Markets - 2020-06-02

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Commodities

EU 2019/20 soybean imports at 13.8mn T by May 31, rapeseed 5.6mn T

Soymeal imports so far in 2019/20 were at 16.46 million tonnes, up 1pc, while palm oil imports were down 11pc at 5.25 million tonnes.
The European Commission is continuing to include Britain in its EU crop export and import data after Britain's exit

Published 02 Jun, 2020 08:01pm

Commodities

EU 2019/20 soft wheat exports up 63pc at 31.33mn T

EU 2019/20 barley exports had reached 6.78 million tonnes, up 63pc year on year, while EU 2019/20 maize imports stood at 18.54 million tonnes, down 16pc.

Published 02 Jun, 2020 07:59pm

Commodities

Copper touches 11-week high on China recovery

Sales of vehicles, a key demand driver for metals, in China are estimated to have risen 11.7pc on the year in May, while the Chinese city of Wuhan found no new cases of COVID-19.
Three-month copper on the London Metal Exchange (LME) was up 0.8pc a

Published 02 Jun, 2020 07:57pm

Commodities

Taiwan's MFIG tenders to buy up to 65,000 tonnes corn

Shipment of some 40,000 to 65,000 tonnes of yellow corn is sought in September and October depending on origin supplied.
If sourced from the U.S. Pacific Northwest coast or South Africa, shipment is sought between Sept. 21 and Oct. 10.

Published 02 Jun, 2020 07:39pm

Commodities

Palm oil gains as traders see lower May output

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 31 ringgit, or 1.36pc, to 2,316 ringgit ($539.86) by the midday break.
"Malaysia May palm oil exports is estimated in the range of 1.25-1.26 million

Updated 02 Jun, 2020 07:39pm

Commodities

Jordan tenders to buy 120,000 tonnes wheat

A new tender had been expected after Jordan made no purchase in its previous wheat tender on May 28.

Published 02 Jun, 2020 06:18pm

Commodities

India's May gold imports fall 99pc from a year ago to 1.4 T

In value terms, May imports dropped to $76.31 million from to $4.78 billion a year ago, he added.

Published 02 Jun, 2020 06:15pm

Commodities

CBOT corn may retest support at $3.19-3/4

The trend followed the completion of a three-wave cycle from the April 29 low of $3.09-1/4.
On the daily chart, the bounce triggered by a support at $3.10-1/4 may have finished.

Published 02 Jun, 2020 06:08pm

Commodities

China buys U.S. soybeans after halt to U.S. purchases ordered

The soybean sales on Monday were small compared to recent purchases by state-owned firms totaling 1 million tonnes or more at a time.
China is ready to suspend imports of more American agriculture products if Washington takes further action on Hong

Published 02 Jun, 2020 05:42pm

Commodities

CBOT wheat may retest support at $5.12-3/4

The support is provided by the 38.2pc projection level of an upward wave c from $5.01-1/4. This wave failed to break a resistance at $5.19-3/4.
Strengthening the resistance is another one at $5.20-3/4, the 38.2pc retracement on the downtrend from $5

Published 02 Jun, 2020 05:16pm

Commodities

NY coffee may rise into $1.0025-$1.02 per lb range

The resistance was provided by the 161.8% projection level on a downtrend from $1.2260.
The rise on Monday suggests a reversal of the downtrend.

Updated 02 Jun, 2020 05:12pm

Commodities

Cotton hits over two-month high

NEW YORK: ICE cotton futures rose on Monday to their highest in more than two months, as investors covered shorts,...

Published 02 Jun, 2020 03:41am

Commodities

Copper prices scale three-month high

LONDON: Copper prices climbed to three-month highs on Monday as stronger manufacturing data from top consumer China...

Published 02 Jun, 2020 03:37am

Commodities

Tokyo rubber rises

TOKYO: Tokyo Commodity Exchange (TOCOM) rubber futures reversed from a 3-1/2-week low to end higher on Monday, as...

Published 02 Jun, 2020 03:37am

Commodities

Malaysian palm oil ends lower

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Monday after China asked major state-run firms to...

Published 02 Jun, 2020 03:36am

Commodities

Russian new wheat prices stable

MOSCOW: Russian export prices for the new wheat crop, which is due to be harvested this summer, were stable last ...

Published 02 Jun, 2020 03:36am

Commodities

Platinum, palladium deficit in South Africa this year: BAML

JOHANNESBURG: There is likely to be a deficit of platinum and palladium this year after a COVID-19 lockdown in South...

Published 02 Jun, 2020 03:34am

Commodities

Gold climbs in Asia

SINGAPORE: Gold rose on Monday as riots in major US cities rattled investors already reeling from strained Sino-US...

Published 02 Jun, 2020 03:33am

Commodities

Arabica coffee steadies; raw sugar gains

LONDON: Arabica coffee futures on ICE steadied on Monday after hitting a seven-month low on concerns over the...

Published 02 Jun, 2020 03:33am

Commodities

US MIDDAY: Soyabeans choppy

CHICAGO: US soyabean futures were narrowly mixed in choppy trade on Monday as brokers weighed pressure from rising...

Published 02 Jun, 2020 03:32am

Commodities

US MIDDAY: Gold up

NEW YORK: Gold prices rose on Monday supported by increasing friction between Washington and Beijing and protests in...

Published 02 Jun, 2020 03:31am

Commodities

Indian rice export prices retreat from one year peak

BENGALURU: Indian rice export rice prices retreated this week from a more than one year peak that slowed demand,...