News Archives for Markets - 2021-01-12

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Commodities

Ukraine's white sugar output from beet at 1.02mn tonne so far in 2020/21

The union has predicted that output of white sugar will fall in the full year to about 1.2 million tonnes, from 1.48 million tonnes the previous year.

Published 12 Jan, 2021 09:26pm

Commodities

Nickel prices boosted by Philippines ban on mining island

Philippine President Rodrigo Duterte stopped mining on Tumbagan Island in Languyan, in Tawi-Tawi province.
Benchmark nickel on the London Metal Exchange was up 3.3% to $17,655 per tonne at 1315 GMT, making it the biggest gainer among base metals.

Published 12 Jan, 2021 09:18pm

Commodities

Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents

Egypt has canceled an international tender to buy wheat with no purchase made, the country's state grain buyer said.
The CBOT's most-active corn contract gained in overnight trading in anticipation of a tightened supply and demand picture in Tuesday's USDA report.

Published 12 Jan, 2021 09:02pm

Commodities

Paris wheat hits 7-1/2 year high on Russian export tax reports

March milling wheat on Paris-based Euronext was up 3.75 euros, or 1.7%, at 221.75 euros ($269.45) a tonne.
The potential increase in the Russian tax is predictably preventing wheat from easing off.

Published 12 Jan, 2021 08:50pm

Commodities

Arabica coffee futures fall while sugar and cocoa advance

March raw sugar rose 1.1% to 15.84 cents per lb.
March London cocoa rose by 1% to 1,646 pounds a tonne.
March arabica coffee fell 0.6% to $1.2265 per lb.

Published 12 Jan, 2021 07:31pm

Commodities

Britain's Tesco to deny store entry to customers not wearing face covering

To help stem the spread of COVID-19, Tesco said it is also asking customers to shop alone, unless they are a carer or with children.

Published 12 Jan, 2021 07:06pm

Commodities

Gold rebounds as focus returns to inflation risks

Biden to deliver a plan costing "trillions" of dollars.
Benchmark 10-year Treasury yields firm at 10-month highs.

Published 12 Jan, 2021 05:54pm

Commodities

Palm oil falls over 2pc as export drop stokes demand worries

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 95 ringgit to 3,702 ringgit a tonne.
Palm marked its second straight day of losses and biggest intraday percentage decline since Nov. 16.

Published 12 Jan, 2021 05:41pm

Commodities

Russia to consider changing wheat export tax this week

Russia is considering raising the tax from the planned 25 euros ($30) per tonne currently planned between Feb. 15 and June 30.

Published 12 Jan, 2021 05:02pm

Commodities

Gold investors target 'excessive' executive payouts amid deals

Miners who overspent on acquisitions in the 2011 gold boom have curbed premiums that led to billions in impairments when prices later crashed.
It's excessive and it's something that we don't like to see as shareholders.

Published 12 Jan, 2021 04:53pm

Commodities

EU 2020/21 soft wheat exports 13.61mn tonnes by Jan 10

That compared with 16.04 million tonnes cleared by the same week last season.
EU 2020/21 barley exports had reached 3.80 million tonnes, against a year-earlier 4.16 million.

Published 12 Jan, 2021 04:47pm

Commodities

EU 2020/21 soybean imports at 7.78mn tonne by Jan. 10, rapeseed 3.74mn tonne

That compared to 7.44 million cleared by the same week last season
EU rapeseed imports in 2019/20 had reached 3.74 million tonnes, compared to 3.93 million tonnes by the same time last year.

Published 12 Jan, 2021 04:36pm

Commodities

Chinese ferrous futures fade on virus concerns, winter restocking

Benchmark iron ore futures on the Dalian Commodity Exchange were down 1.6% to 1,031 yuan a tonne.

Published 12 Jan, 2021 01:55pm

Commodities

Spot gold may bounce into $1,861-$1,869 range before falling

A break above $1,869 could lead to a gain to $1,883. On the daily chart, the fall from the Jan. 6 high of $1,959.01 looks deep enough to suggest a resumption on the downtrend from $2,072.50.

Published 12 Jan, 2021 01:10pm

Commodities

CBOT soybeans may retest support at $13.53-1/2

On the daily chart, a hanging man formed on Monday around a resistance at $13.85, the 600% projection level of an uptrend from $8.75.

Published 12 Jan, 2021 01:03pm

Commodities

Soybeans dip ahead of USDA reports, market eyes Latam crop outlook

Russia is considering raising its wheat export tax from the currently planned 25 euros ($30) per tonne between Feb. 15 and June 30, the head of the Russian Union of Grain Exporters, Eduard Zernin, told Reuters on Monday.

Published 12 Jan, 2021 12:45pm

Commodities

Gold gains as stocks dip on Washington woes, slow vaccine rollouts

Higher bond yields increase the opportunity cost of holding the non-interest yielding gold.

Published 12 Jan, 2021 12:31pm

Commodities

Palm oil hits 1-week low on exports drop, weaker Dalian oils

"We expect output to be lower due to seasonal factors, as well as heavier-than-usual rainfall in some key palm oil regions."

Published 12 Jan, 2021 12:25pm

Commodities

Shanghai copper hits 1-week low as China imposes new virus curbs

The most-traded March copper contract on the Shanghai Futures Exchange fell as much as 2.5% to 57,960 yuan ($8,957.02) a tonne, its lowest since Jan. 5.

Published 12 Jan, 2021 12:18pm

Commodities

China's ban on Australian coal forces trade flows to realign: Russell

It is having to pay substantially more for alternative supplies, and there are reports of coal shortages in certain parts of the country, just as winter bites.

Published 12 Jan, 2021 12:12pm

Commodities

Arabica coffee futures slide, cocoa down

LONDON: Arabica coffee futures on ICE were sharply lower on Monday as lockdowns to slow the spread of COVID-19 ...