News Archives for Markets - 2020-08-19

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Commodities

Gold retreats 2pc as dollar turns around; Fed minutes eyed

Fed meeting minutes due at 2 p.m. EDT (1800 GMT).
Dollar jumps 0.5%; US stocks hit record.
Smaller coronavirus aid bill reachable -Trump official.

Published 19 Aug, 2020 11:18pm

Commodities

Soybeans firm on export optimism, dryness

Pro Farmer Midwest Crop Tour estimates offset storm damage fears.
Soybean exports offer support.
Wheat stays firm on demand.

Published 19 Aug, 2020 10:47pm

Commodities

SOFTS-Arabica coffee futures edge up, raw sugar rises

December arabica coffee was up 0.4 cents, or 0.3pc, at $1.2145 per lb by 1326 GMT, edging up towards a 4-1/2 month high of $1.2890 set on Aug. 5.

Published 19 Aug, 2020 08:02pm

Commodities

CBOT corn may drop to $3.18-1/2

The support is identified as the 38.2pc retracement of the downtrend from $3.55 to $3.07-1/4.

Published 19 Aug, 2020 05:55pm

Commodities

Algeria wheat tender purchase estimated at 560,000 T

Early estimates put the prices paid at around $231-$232 a tonne, including cost and freight (c&f), traders said.

Published 19 Aug, 2020 05:48pm

Commodities

London copper jumps to highest in over two years as output falls

Three-month copper on the London Metal Exchange jumped as much as 1.8pc to $6,686 a tonne, its highest since June 2018.

Published 19 Aug, 2020 05:44pm

Commodities

CBOT wheat may rise to $5.16 per bushel

The resistance is identified as the 38.2pc retracement of the downtrend from $5.44 to $4.88.

Published 19 Aug, 2020 05:36pm

Commodities

New York cocoa may retest support at $2,420

The support is provided by the 100% projection level of a downward wave c from $2,528.

Published 19 Aug, 2020 05:35pm

Commodities

Japan to seek 80,000 T feed wheat, 100,000 T barley via tender

It will be done via a simultaneous buy and sell (SBS) auction that will be held on Aug. 26.

Published 19 Aug, 2020 04:59pm

Commodities

Which country got the most gold reserves, how much gold does Pakistan have?

The World Gold Council has released a list of the countries in the world that have the largest gold reserves.

Published 19 Aug, 2020 04:31pm

Commodities

Ukraine's 2020/21 grain exports fall 19.8pc so far

Traders have sold 502,000 tonnes as of Aug. 19 compared to 1.68 million tonnes by the same date last season.

Published 19 Aug, 2020 04:21pm

Commodities

India raises sugar cane floor price by 3.6pc

The government raises the floor price for cane every year, but Uttar Pradesh state, the country's top cane producer, invariably raises the floor price further due to its millions of cane growers.

Published 19 Aug, 2020 04:08pm

Vegetable Oil

Indonesia mulls palm oil levies increase to support biodiesel plans

Indonesia collects levies from palm oil exports to fund the cost difference between fuel made from palm oil and fossil diesel fuel as incentives for producers.

Published 19 Aug, 2020 03:53pm

Commodities

Gold falls below $2,000/oz as dollar steadies

Spot gold fell 0.7pc to $1,986.78 per ounce by 1007 GMT, after hitting a one-week high of $2,014.97 on Tuesday.

Published 19 Aug, 2020 03:48pm

Commodities

Oil slips as demand fears outweigh strong U.S. stocks draw

With investors keeping one eye on a key producer countries’ ministerial meeting later in the day, Brent crude futures fell 33 cents, or 0.7%, to $45.13 a barrel by 0418 GMT, having edged up 9 cents on Tuesday.

Published 19 Aug, 2020 10:20am

Commodities

Vietnamese coffee prices flat on lower stocks

HANOI/BANDAR LAMPUNG: Vietnam's domestic coffee prices were flat this week as trading activity was impacted by low...