News Archives for Markets - 2020-12-10

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Commodities

Robusta coffee slips to five-week low, cocoa also down

March robusta coffee futures were down $9, or 0.7pc, at $1,325 per tonne by 1237 GMT after hitting a five-week low of $1,317.

Published 10 Dec, 2020 07:44pm

Commodities

Prices extend gains before USDA report, Russia export talk boosts wheat

CBOT soybeans were up 1.0pc at $11.69-3/4 a bushel and corn added 0.7pc to $4.26-3/4 a bushel.

Published 10 Dec, 2020 07:16pm

Commodities

China keeps 2020/21 corn imports unchanged at 7mn tonnes

The Chinese ministry kept all other forecasts unchanged from last month but slightly raised its forecast for 2020/21 sugar imports by 400,000 tonnes to 3.9 million tonnes.

Published 10 Dec, 2020 06:41pm

Commodities

CBOT wheat may test resistance at $5.89-3/4

It indeed has a more bullish indication that the downtrend from the Oct. 21 high of $6.37-3/4 has reversed.

Published 10 Dec, 2020 06:38pm

Commodities

NY coffee may fall towards $1.1210

The support is identified as the 38.2% retracement of the downtrend from $1.3565 to $1.0485.

Published 10 Dec, 2020 06:37pm

Commodities

Bangladesh issues another tender to buy 50,000 tonnes rice

These were the country's first rice purchase tenders in around three years amid dwindling supplies and a surge in prices of the staple grain.

Published 10 Dec, 2020 06:34pm

Commodities

Russia's gold production falls to 253.8 T in Jan-Sept

The country also produced 707.79 tonnes of silver during the first nine months of the year, a figure lower than the 719.57 tonnes produced over the same period last year.

Published 10 Dec, 2020 06:20pm

Commodities

South Korea's KOCOPIA bought about 60,000 tonnes corn

The corn was purchased at an estimated $250.25 a tonne c&f including a surcharge for additional port unloading, they said.

Published 10 Dec, 2020 06:14pm

Commodities

FranceAgriMer raises non-EU wheat export forecast to 6.95mn T

Forecast soft wheat stocks at the end of 2020/21 were unchanged at 2.5 million tonnes.

Published 10 Dec, 2020 05:58pm

Commodities

French non-EU wheat export outlook raised again, maize stocks cut

Soft wheat exports in the 2020/21 season are expected to reach 6.95 million tonnes compared with 6.85 million projected last month.

Published 10 Dec, 2020 04:46pm

Commodities

Gold slips as vaccine optimism dents safe-haven appeal

Spot gold slipped 0.3pc to $1,833.40 per ounce at 01036 GMT, after falling as much as 2.5pc on Wednesday. U.S. gold futures were down 0.1pc to $1,837.40.

Published 10 Dec, 2020 04:21pm

Commodities

Palm snaps three-day losing streak on November supply crunch

Dalian's most-active soyoil contract fell 0.03pc, while its palm oil contract gained 0.1pc. Soyoil prices on the Chicago Board of Trade were up 1pc.

Published 10 Dec, 2020 04:05pm

Commodities

Asia Coffee-Vietnam domestic prices edge down; Indonesia tepid

Meanwhile, robusta beans from the province of Lampung on Indonesia's Sumatra island were offered at a $270 premium to the April contract, a trader in Lampung province said.

Published 10 Dec, 2020 01:33pm

Commodities

Malaysia November palm oil end-stocks slip as output, exports fall

The decline in exports, however, was more than anticipated as they fell 22.16% to a seven-month low of 1.3 million tonnes, after rising in the past two months.

Published 10 Dec, 2020 12:59pm

Commodities

CBOT wheat may test resistance at $5.89-3/4

This pattern suggests a target of $5.94-1/4. It indeed has a more bullish indication that the downtrend from the Oct. 21 high of $6.37-3/4 has reversed.

Published 10 Dec, 2020 12:42pm

Commodities

Gold falls as investors fret over US stimulus delay

Spot gold slipped 0.2% to $1,835.40 per ounce by 0707 GMT, after falling as much as 2.5% on Wednesday. US gold futures were steady at $1,839.20.

Published 10 Dec, 2020 12:40pm

Commodities

Palm oil still targets 3,261-3,300 ringgit range

On the daily chart, the contract may fall towards 3,274 ringgit, as it failed to break a resistance at 3,411 ringgit, the 50% projection level of a presumed wave C from 2,691 ringgit.

Published 10 Dec, 2020 10:20am

Commodities

Spot gold may retest support at $1,828

Resistance is at $1,846, a break above which could lead to a gain to $1,861. On the daily chart, gold failed to break a resistance at $1,865, the 50% retracement on the fall from $1,965.33 to $1,764.29.

Published 10 Dec, 2020 09:31am

Commodities

Copper dips on firm dollar, US stimulus doubts; aluminium shimmers

The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.4% to 56,890 yuan ($8,691.87) a tonne.

Published 10 Dec, 2020 09:29am

Commodities

Indonesia coal output at 514mn tonnes this year, 2021 target unchanged

"We hope at the end of the year it will be close to our 550 million tonnes target," director of coal at the energy ministry, Sujatmiko, who uses one name, told a virtual conference.

Published 10 Dec, 2020 09:26am

Commodities

Gold treads water after sharp sell-off on US stimulus delay

Offering a glimmer of hope was comments from some US health officials that vaccinations could begin as soon as this weekend.

Published 10 Dec, 2020 09:16am

Commodities

Canadian canola futures fall

WINNIPEG: ICE Canadian canola futures fell on Tuesday for a second straight day, pressured by weaker soyaoil and...