News Archives for Markets - 2021-01-15

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Commodities

Gold falls 1pc as dollar accelerates rally

Powell sees no reason to alter Fed's accommodative stance./
Platinum falls as much as 4.4%, silver down 3.8%.

Published 15 Jan, 2021 09:39pm

Commodities

Ukraine sees no changes in export policy after Russian wheat export tax hike

Russia, one of the world's largest wheat exporters, plans to impose a higher export tax on wheat from March 1.
Last year Ukraine's government agreed with traders that wheat exports would not exceed 17.5 million tonnes in the 2020/21 July-June season.

Updated 15 Jan, 2021 11:57pm

Commodities

Cocoa gains after better than expected Q4 demand data

March New York cocoa rose 1% to $2,524 a tonne.
March raw sugar fell 1.3% to 16.46 cents per lb.
March arabica coffee rose 0.8% to $1.2830 per lb.

Published 15 Jan, 2021 09:11pm

Commodities

Britain's wheat imports pick up pace during November

Wheat imports for the month totalled 208,263 tonnes, up from 174,914 tonnes in October.
Cumulative imports since the start of the 2020/21 season, which started on July 1 last year.

Published 15 Jan, 2021 08:51pm

Commodities

Gold steadies as firm dollar offsets tighter lockdown impact

Powell sees no reason to alter Fed's accommodative stance.
Platinum gains more than 3% for the week.

Published 15 Jan, 2021 07:49pm

Commodities

Copper retreats, zinc near 2-month low on coronavirus surge

Data on Friday showed Britain's economy shrank in November for the first time since the initial COVID-19 lockdown last spring.
There's still considerable threats and challenges, all is not rosy with the virus and economic recovery.

Published 15 Jan, 2021 07:41pm

Commodities

Asia Gold-China flips to premium after 11 months as New Year beckons

Singapore premiums widen to $0.80-$1.80/oz.
Indian premiums ease amid subdued demand.
A stronger yuan and lower spot gold prices also helped, said Peter Fung, head of dealing at Wing Fung Precious Metals.

Published 15 Jan, 2021 07:13pm

Commodities

Sovecon may raise estimate of Russia's 2020/21 wheat exports

It had previously forecast exports of 36.3 million tonnes for this season.
The country would continue taxing wheat exports in the 2021/22 marketing season that starts on July 1

Published 15 Jan, 2021 07:12pm

Commodities

EU awards 440,000 T maize, 51,072 T wheat imports under Ukraine quotas

No imports were requested in a further 350,000 tonne quota tranche available for Ukrainian barley.

Published 15 Jan, 2021 03:19pm

Commodities

NY cocoa may retest support at $2,470

This wave looks incomplete. It may extend to or below $2,425.

Published 15 Jan, 2021 02:23pm

Commodities

Asia's Q4 cocoa grind falls 4.2% to 217,546 T

Quarter on quarter, the cocoa grind rose 7.3%, it said.

Published 15 Jan, 2021 02:10pm

Commodities

North America cocoa grind up 6.95% from year earlier

NCA said a total of 17 plants in the region reported cocoa grindings data for the quarter.

Published 15 Jan, 2021 01:34pm

Commodities

ASIA RICE-Indian prices hold steady, Thai rates hit 8-month high on stronger baht

Meanwhile, Bangladesh's state grains buyer has issued a tender to buy 50,000 tonnes of rice to boost depleted reserves, amid a surge in prices.

Published 15 Jan, 2021 11:38am

Commodities

Palm oil may bounce into 3,592-3,631 ringgit range before falling

On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.

Published 15 Jan, 2021 11:23am

Commodities

Corn set for biggest weekly gain since July as global supplies tighten

Argentine soybean and corn fields have benefited from recent rain, with more showers expected that could slowly improve crop yields after they were threatened by dry weather earlier in the season, local climate experts said on Thursday.

Published 15 Jan, 2021 11:02am

Commodities

Palm oil rises 1%, but set for biggest weekly drop in nearly four months

CBOT soybeans are on track for their fifth weekly gain as the US government's forecast of tightening global supplies supported prices.

Published 15 Jan, 2021 10:51am

Commodities

Spot gold neutral in $1,833-$1,861 range

The failures suggest the completion of a bounce from the Jan. 11 low of $1,816.53.

Published 15 Jan, 2021 10:42am

Commodities

China coking coal, coke futures leap as COVID-19 curbs lift supply woes

Capacity utilisation rates at 126 blast furnaces in Tangshan fell to 78.84% this week, down 1.72% from a week earlier, according to Mysteel.

Published 15 Jan, 2021 10:26am

Commodities

Gold edges up on Biden's stimulus proposal

Biden unveiled a $1.9 trillion stimulus package proposal on Thursday designed to jump-start the economy and speed up the US response to the coronavirus pandemic.

Published 15 Jan, 2021 09:45am

Commodities

Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows

ABIDJAN: A pandemic-induced slowdown in global chocolate demand has led to a pile-up of about 100,000 tonnes of ...