News Archives for Markets - 2020-10-08

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Commodities

Gold inches up on US election uncertainty, stimulus hopes

Weekly jobless claims inch lower but remain elevated.
Trump says talks ongoing for fiscal aid.
Gold going to be volatile over the next few months –analyst.

Published 08 Oct, 2020 11:45pm

Commodities

ICE canola futures dip for first time in 4 sessions

Canola faces seasonal pressure as the Canadian harvest advances, replenishing supplies, traders say.
November-January canola spread traded 3,657 times.

Published 08 Oct, 2020 11:41pm

Commodities

CBOT soybeans drop after hitting 2-1/2-year high

Strong export demand lent support to the nearby issues while forecasts for a large crop in Brazil weighed on the deferreds.
Conab forecast Brazil's 2020/21 soybean crop at a record 133.673 million tonnes.

Published 08 Oct, 2020 11:40pm

Commodities

NY coffee could retest resistance at $1.3535 in Q4

The contract is riding on a wave C from $0.9455, the third wave of a presumed three-wave cycle from the May 2019 low of $0.8760.

Published 08 Oct, 2020 06:02pm

Commodities

Copper slips as China absent from market

The contract touched its highest since Oct. 1 on Wednesday at $6,710 a tonne on expectations of improving growth and robust demand.

Published 08 Oct, 2020 05:57pm

Commodities

Japan buys 118,428 tonnes of food wheat via tender

Japan, the world's sixth-largest wheat importer, keeps a tight grip on imports of its second-most important staple after rice and buys the majority of it for milling via tenders.

Published 08 Oct, 2020 05:48pm

Commodities

South Korea's KFA buys about 131,000 tonnes corn in tender

Seller of 65,000 tonnes was believed to be trading house Glencore while another 66,000 tonnes was said to have been bought from Cargill.

Published 08 Oct, 2020 05:34pm

Commodities

NY cocoa may fall into $2,187-$2,287 range in Q4

The contract is riding on a wave c from $2,708, which is the third wave of a bigger wave B from the February high of $2,935.

Published 08 Oct, 2020 05:32pm

Commodities

Turkey gets offers in tender to buy 135,000 tonnes wheat

The offer was believed to have been made for about 25,000 tonnes for shipment to the port of Samsun, they said. It was submitted by trading house Mova.

Published 08 Oct, 2020 05:21pm

Commodities

SOFTS-Raw sugar climbs to 7-month high, arabica also up

December arabica coffee rose by 1.85 cents, or 1.7pc, to $1.1145 per lb as the market extended its rebound from last week's more than two-month low of $1.0490.

Published 08 Oct, 2020 04:40pm

Commodities

Palm rises for a fourth day on supply concerns

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed up 0.7%, at 2,890 ringgit ($696.39) a tonne.

Published 08 Oct, 2020 04:36pm

Commodities

Jordan issues new tender to buy 120,000 tonnes wheat

Jordan's state grain buyer the trade ministry has issued an international tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins.

Published 08 Oct, 2020 04:33pm

Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 9.584...