News Archives for Markets - 2020-12-08

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Commodities

Raw sugar prices ease, NY cocoa hits near 3-week low

March raw sugar fell 0.09 cents, or 0.6pc, to 14.36 cents per lb by 1302 GMT.

Published 08 Dec, 2020 07:50pm

Commodities

Jordan makes no purchase in tender for 120,000 tonnes feed barley

Jordan's state grain buyer is believed to have made no purchase in an international tender for 120,000 tonnes of animal feed barley which closed on Tuesday.

Published 08 Dec, 2020 07:34pm

Commodities

Corn, wheat steady-down 2 cents; soy down 8-10 cents

Benchmark CBOT March soft red winter wheat contract found support at the low end of its 20-day Bollinger range during overnight trading.

Published 08 Dec, 2020 07:32pm

Commodities

South Korean mills buy about 78,000 tonnes wheat from U.S.

Some 50,000 tonnes was bought for shipment between March 1-31, 2021, and about 28,000 tonnes for shipment between April 1-30, 2021, they said.

Published 08 Dec, 2020 07:28pm

Commodities

Indonesian 2021 palm oil exports will be unaffected by tariff hikes

Indonesia announced higher export levies last week, to fund its biodiesel programme, which requires diesel in Indonesia be blended with 30pc bio content made of palm.

Published 08 Dec, 2020 06:43pm

Commodities

Ukraine 2020 grain harvest 99pc complete

It said farmers had completed the wheat and barley harvest and collected 27.9 million tonnes of corn from 5.2 million hectares, or 96pc of the sown area.

Published 08 Dec, 2020 06:41pm

Commodities

Palm erase early gains as rival oils fall; lower supply outlook checks losses

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange settled down 0.77pc to 3,366 ringgit ($827.03) a tonne.

Published 08 Dec, 2020 06:38pm

Commodities

Jordan gets 4 participants in 120,000 tonne barley tender

No purchase has yet been made and results are expected later on Tuesday, traders said.

Published 08 Dec, 2020 06:05pm

Commodities

CBOT wheat may retest support at $5.66-1/2

The support is provided by the 138.2% projection level of a downtrend from $6.28-3/4.

Published 08 Dec, 2020 05:47pm

Commodities

Copper slips from near 8-year high on U.S.-China tensions

Three-month copper on the London Metal Exchange fell 0.4pc to $7,680.50 a tonne by 0706 GMT, slipping from its highest since March 2013 of $7,800 hit on Monday.

Published 08 Dec, 2020 05:40pm

Commodities

South Korea's FLC bought 69,000 tonnes corn in private deal

Shipment from the United States was thought to be the first half of June 2021, from the U.S. Pacific Northwest coast.

Published 08 Dec, 2020 05:39pm

Commodities

New York coffee biased to rise towards $1.2390

The resistance is identified as the 61.8pc retracement of the downtrend from $1.3565 to $1.0485.

Published 08 Dec, 2020 05:30pm

Commodities

Japan seeks 131,305 tonnes food wheat via tender

Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month.

Updated 08 Dec, 2020 07:08pm

Commodities

Iran's GTC tenders for about 30,000 tonnes sunflower oil

Traders said the GTC was believed to have purchased about 30,000 tonnes of sunflower oil in a previous tender which closed on Nov. 30.

Published 08 Dec, 2020 04:25pm

Commodities

France sees wheat area rebounding by less than expected

However, that was 1.9pc below the average of the past five years and lower than market estimates projecting 5-5.2mn ha.

Published 08 Dec, 2020 03:51pm

Commodities

Egypt aims to produce more than 10mn tonnes of local wheat this season

Egypt aims to plant 3.5 million feddans (3.63 million acres) of wheat in the season which started in mid-November, another agriculture ministry official said on Sunday.

Published 08 Dec, 2020 03:45pm

Commodities

Malaysia's state-owned palm planter Felda agrees to acquire FGV Holdings' shares

Felda expects the proposed acquisition to contribute positively to future earnings and cash flow, it said.

Published 08 Dec, 2020 03:39pm

Commodities

Gold hits two-week peak on US stimulus bets

Spot gold rose 0.3% to $1,869.06 per ounce by 0504 GMT, having touched its highest since Nov. 23 of $1,871.52 earlier in the session.

Published 08 Dec, 2020 12:48pm

Commodities

CBOT corn may edge up to $4.27

The current wave count will have to be reviewed. A break below the support at $4.20-1/4 could open the way towards $4.14-1/2.

Published 08 Dec, 2020 12:43pm

Commodities

CBOT wheat may retest support at $5.66-1/2

The bounce from the Monday low of $5.65-1/2 is classified as a pullback towards the range. This pullback has been overdone a bit.

Published 08 Dec, 2020 12:27pm

Commodities

China imports ever more aluminium as alloy demand booms: Andy Home

The market seems collectively to agree; witness the shift in global stocks of primary aluminium away from the United States and Europe to LME locations in Malaysia, South Korea and Singapore.

Published 08 Dec, 2020 09:50am

Commodities

Palm oil neutral in 3,381-3,426 ringgit range

However, the bearish divergence on the hourly MACD suggests a downside bias.

Published 08 Dec, 2020 09:36am

Commodities

Spot gold may extend gains into $1,881-$1,899 range

This wave X may turn out to be a resumption of the uptrend once gold rises above $1,912.

Published 08 Dec, 2020 09:19am

Commodities

Palm inches higher on estimates of lower December output

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 10 ringgit, or 0.27%, to 3,401 ringgit ($836.45) a tonne in early trade.

Published 08 Dec, 2020 09:14am

Commodities

Copper falls as US-China tensions simmer

The most-traded January copper contract on the Shanghai Futures Exchange declined 0.8% to 56,910 yuan ($8,706.76) a tonne.

Published 08 Dec, 2020 09:07am

Commodities

Rio Tinto may face a fine when Australia cave inquiry reports on Weds

"That could slow the process down and that will have an impact on global supply and demand at the end of the day," he said. Western Australia supplies 55% of China's iron ore needs.

Published 08 Dec, 2020 08:51am

Commodities

CBOT soybeans end mixed on strong exports, South American rains

Weekend storms brought needed precipitation to northern and central Brazil, but crops there need more rain following early season dryness.

Published 08 Dec, 2020 08:32am

Commodities

Canadian canola futures jump

CHICAGO: ICE Canadian canola futures rallied to their highest in 7-1/2 years on Friday on follow-through buying ...