News Archives for Markets - 2020-12-09

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Commodities

Copper rises on vaccine optimism and faltering dollar

Benchmark copper on the London Metal Exchange had gained 0.5pc to $7,736 per tonne by 1500 GMT, close to the $7,800 touched on Monday, its highest since March 2013.

Published 09 Dec, 2020 09:17pm

Commodities

Corn, wheat steady-up 2 cents; soy up 9-11 cents

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

Published 09 Dec, 2020 08:26pm

Commodities

Brazil's green coffee exports jump 36pc in Nov. to over 4mn bags

There was a slight decrease in shipments compared to October, when the country shipped 4.15 million bags of green coffee.

Updated 09 Dec, 2020 08:55pm

Commodities

Coceral sees EU + UK 2021 soft wheat crop rebounding to 143mn T

The estimate of 2020 soft wheat production had been revised down from Coceral's previous forecast of 129.2mn t in September.

Updated 09 Dec, 2020 08:11pm

Commodities

CBOT soybeans may fall into $11.29-1/2 to $11.37-1/2 range

The third wave labeled c is unfolding towards its target zone of $11.16-1/4 to $11.37-1/2, formed by its 100pc and the 61.8pc projection levels.

Published 09 Dec, 2020 07:02pm

Commodities

Gold falls as equities extend rally on vaccine optimism

Spot gold fell 0.7pc to $1,857.70 per ounce by 1017 GMT, after hitting its highest since Nov. 23 at $1,875.07 on Tuesday. U.S. gold futures slipped 0.7pc to $1,862.60.

Published 09 Dec, 2020 06:51pm

Commodities

Taiwan's MFIG buys about 65,000 tonnes corn from U.S.

The corn was purchased in a single consignment, all at an estimated premium of 196.39 U.S. cents a bushel over the Chicago May 2021 corn contract, they said.

Published 09 Dec, 2020 06:27pm

Commodities

Gold slips from 2-week high as equities climb on vaccine cheer

Spot gold fell 0.7% to $1,858.80 per ounce by 0600 GMT, after hitting its highest since Nov. 23 at $1875.07 on Tuesday, while US gold futures fell 0.6% to $1,864.00 per ounce.

Published 09 Dec, 2020 02:47pm

Commodities

Taiwan's MFIG buys about 65,000 tonnes corn from US

The corn was purchased in a single consignment, all at an estimated premium of 196.39 US cents a bushel over the Chicago May 2021 corn contract, they said.

Updated 09 Dec, 2020 05:46pm

Commodities

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

A short falling trendline and a long rising trendline meet at $5.45-1/4, which works as a target as well.

Updated 09 Dec, 2020 05:46pm

Commodities

NY cocoa may test support at $2,653

The contract has broken a support at $2,602, the 38.2% retracement of the uptrend from $2,247 to $2,821. It is falling towards the next support at $2,534.

Updated 09 Dec, 2020 05:46pm

Commodities

Jordan tenders to buy 120,000 tonnes feed barley

The tender deadline is Dec. 15. The barley can be sourced from optional origins.

Published 09 Dec, 2020 01:17pm

Commodities

Copper edges up on stimulus hopes, vaccine roll-out

The Trump administration proposed a $916-billion pandemic relief package on Tuesday, while the United Kingdom became the first country to begin mass-vaccinating its people using a fully-tested COVID-19 shot.

Published 09 Dec, 2020 09:26am

Commodities

Palm oil slips for third day on weaker Dalian oils

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange slid 15 ringgit, or 0.45%, to 3,351 ringgit a tonne in early trade.

Published 09 Dec, 2020 09:13am

Commodities

Spot gold may test resistance at $1,881

The metal is expected to rise towards $1,889. Wave pattern suggests the progress of a wave X, which may travel to a higher level of $1,918.

Published 09 Dec, 2020 08:48am

Commodities

Soybeans rise from 6-day low, South America outlook caps gains

Still, the US Department of Agriculture (USDA) world supply and demand report, due on Thursday, is expected to show smaller South American crops.

Published 09 Dec, 2020 08:38am

Commodities

Copper rally falters

LONDON: Copper edged down on Tuesday from the previous session's multi-year peak, but strong demand and forecast...