News Archives for Markets - 2020-09-23

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Commodities

Paris wheat ticks lower in pause after rally

A fall in the euro to its lowest level since late July against the dollar limited the drop on Euronext.
The contract had risen on Tuesday to 195.75 euros, its highest since April 23, but faced chart resistance around that level.

Published 23 Sep, 2020 11:52pm

Commodities

Argentine corn, soy output to fall due to dryness, capital controls, exchange

Total grains production is set to fall 6.1% this year versus the previous season, the exchange said.
Argentina's 2020/21 soy crop is estimated at 46.5 million tonnes versus 49.6 million tonnes harvested in the previous crop year.

Published 23 Sep, 2020 11:33pm

Commodities

Arabica coffee bounces off two-month low, sugar rises

December arabica coffee was up 0.45 cents, or 0.4pc, to $1.1110 per lb at 1413 GMT, rebounding from an earlier two-month low of $1.0905.

Published 23 Sep, 2020 08:46pm

Commodities

Algeria buys about 117,000 tonnes feed barley in tender

The tender had sought a nominal 50,000 tonnes for shipment between Nov. 1-15 and Nov. 16-30, they said.

Published 23 Sep, 2020 08:41pm

Commodities

CBOT corn may test support at $3.65-1/4

The drop from the Sept. 18 high of $3.79-1/4 consists of three waves. So far, only two waves have unfolded.

Published 23 Sep, 2020 05:39pm

Commodities

CBOT wheat may retest support at $5.50

The drop from the Monday high of $5.78-1/4 has adopted a five-wave mode, which indicates the development of a zigzag or a medium-term downtrend.

Published 23 Sep, 2020 05:34pm

Commodities

NY cocoa may test support at $2,531

The contract has broken a higher support at $2,573, the 38.2pc retracement of the uptrend from $2,355 to $2,707.

Published 23 Sep, 2020 05:31pm

Commodities

Taiwan buys 91,300 tonnes wheat of US-origin

The wheat was bought in two consignments comprising various wheat types for shipment from the US Pacific Northwest coast.

Published 23 Sep, 2020 05:19pm

Commodities

Jordan postpones 120,000 tonne wheat tender to Sept. 28

The tender had sought shipment in various possibilities in December 2020 and January 2021.

Published 23 Sep, 2020 05:16pm

Exchange

Copper edges down as US dollar strengthens

The premium of ShFE cash zinc over LME cash zinc rose to $201.04 a tonne, its highest since January 2019.

Published 23 Sep, 2020 05:13pm

Commodities

Russian wheat offered lowest in Pakistan's 300,000 tonne tender

The state agency Trading Corporation of Pakistan (TCP) is still considering the offers and no purchase has been reported, traders said.

Published 23 Sep, 2020 04:59pm

Commodities

Japan to seek 80,000 tonnes of feed wheat and 100,000 tonnes barley via tender

Japan buys and sells its feed wheat and barley via so-called SBS auctions, in which end-users and importers specify the origin, price and quantity of grain.

Published 23 Sep, 2020 03:30pm

Commodities

South Korea's MFG buys 69,000 tonnes corn in tender

The corn was bought at an estimated $227.49 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading Seller was believed to be trading house Olam.

Published 23 Sep, 2020 03:25pm

Commodities

Gold hits 6-week trough as dollar grinds higher

Gold has turned "passive", having priced all of the favourable factors already, and now needs inflation to emerge and a weaker dollar to attract renewed demand, he added.

Published 23 Sep, 2020 03:16pm

Commodities

Oil down after U.S. crude inventories rise against expectations

Brent crude was trading down 30 cents, or 0.7%, at $41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday, while U.S. crude dropped 34 cents, or 0.9%, to $39.46.

Published 23 Sep, 2020 10:04am

Commodities

Agri dept advised

LAHORE: Punjab Agriculture Minister Syed Hussain Jehanian Gardezi has directed the provincial agriculture department...