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Markets - Commodities - 2021-01-13
Corn extends rally to highest since 2013; soy falls on profit taking
Commodities

Corn extends rally to highest since 2013; soy falls on profit taking

  • Soybean futures eased on profit taking after hitting their highest in 6-1/2 years, while wheat steadied as the market digested potential changes to Russian export policy.
  • The USDA's seemingly unending cuts to US G&O (grain and oilseed) supplies continued this month, and with soybean and corn stores particularly bare.
Published 13 Jan, 2021 09:06pm
Jordan buys 60,000 tonnes wheat in tender
Commodities

Jordan buys 60,000 tonnes wheat in tender

  • It was bought from trading house Cerealcom Dolj at $269.20 a tonne c&f for shipment in the first half August 2021.
  • Two other trading houses participated in the tender, CHS which offered $277.97 a tonne c&f and Ameropa which offered $284.93 a tonne c&f.
Published 13 Jan, 2021 08:22pm
Gold-backed ETFs end record 2020 with second month of outflows
Commodities

Gold-backed ETFs end record 2020 with second month of outflows

  • Gold is traditionally used as a safe store of wealth, and investors rushed to hoard it as the pandemic swept through the global economy.
  • ETFs grew their holdings by 876 tonnes in 2020 - equivalent to around a quarter of the annual output of the world's gold mines.
Published 13 Jan, 2021 07:26pm
Palm oil may test resistance at 3,757 ringgit
Commodities

Palm oil may test resistance at 3,757 ringgit

  • The correction triggered by the resistance at 3,883 ringgit was driven by a wave 4, which may have ended around 3,679 ringgit, as suggested by its three-wave structure and the bounce from the Tuesday low of 3,690 riniggit.
Published 13 Jan, 2021 10:25am
Palm oil falls over 2pc
Commodities

Palm oil falls over 2pc

KUALA LUMPUR: Malaysian palm oil futures ended 2.5% lower on Tuesday, hitting a one-week low on concerns of weak...
Published 13 Jan, 2021 02:55am
US MIDDAY: Gold slips
Commodities

US MIDDAY: Gold slips

NEW YORK: Gold eased on Tuesday in choppy trading that earlier saw it climb as much as 1% as a surge in US Treasury...
Updated 13 Jan, 2021 04:18am
Gold rebounds in Europe
Commodities

Gold rebounds in Europe

LONDON: Gold gained about 1% on Tuesday, bouncing off a one-month low touched in the last session, as focus returned...
Updated 13 Jan, 2021 04:18am
Gold moves up in Asia
Bullion Rate

Gold moves up in Asia

SINGAPORE: Gold rose on Tuesday, rebounding from a near six-week low touched in the previous session, as stocks...
Updated 13 Jan, 2021 03:30am