News Archives for Markets - 2021-01-20

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Commodities

Turkey extends tender for 400,000 tonnes wheat to include white wheat

The tender which closes on Friday, Jan. 22, had previously sought red milling wheat only.
The change could allow wheat from more origins to be offered in the tender at a time when wheat from Turkey's big supplier Russia is more expensive and faces an upcoming export tax.

Published 20 Jan, 2021 08:09pm

Commodities

Wheat down 10-15 cents, corn down 8-12, soybeans down 25-35

Wheat retreats on fund selling and profit taking after multi-year highs last week.
Actively traded March corn fell and filled a technical chart gap left after last week's steep price rally.

Published 20 Jan, 2021 08:07pm

Commodities

Copper gains on bets that Biden can push through stimulus

Three-month copper on the London Metal Exchange (LME) was up 0.9% at $8,026 a tonne.
Yellen did not state anything new, however it (stimulus) was priced in to the market for a second time.

Published 20 Jan, 2021 06:11pm

Commodities

Jordan tenders to buy 120,000 tonnes feed barley

Jordan bought about 60,000 tonnes of barley in a previous tender for 120,000 tonnes which closed on Tuesday.
A separate tender from Jordan to buy 120,000 tonnes of wheat also closes on Wednesday.

Published 20 Jan, 2021 05:53pm

Commodities

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

The tender sought shipment between March 24 and April 12 if the corn is sourced from the US Gulf, Brazil or Argentina.

Updated 20 Jan, 2021 02:04pm

Commodities

Palm oil may end drop in 3,173-3,221 ringgit range

On the daily chart, a spinning top formed around a support at 3,274 ringgit on Monday. Even though it proved to be a failed reversal signal, it does suggest the fall is ending.

Published 20 Jan, 2021 12:08pm

Commodities

Soybeans down for third session on South America rains; wheat, corn fall

Wheat, too, benefited from China's increased imports, with a record 8.38 million tonnes of wheat imported in 2020.

Published 20 Jan, 2021 11:54am

Commodities

Gold gains as US stimulus prospects weigh on dollar

Bullion is considered a hedge against inflation and currency debasement that can result from widespread stimulus.

Published 20 Jan, 2021 11:49am

Commodities

Palm extends falls on expectation of further drop in exports

Palm declined 2.5% in the previous session to hit its lowest close in nearly two months.

Published 20 Jan, 2021 11:47am

Commodities

LME copper rises on US stimulus hopes, softer dollar

"After the current low consumption season, the outlook for copper prices may still be relatively promising."

Published 20 Jan, 2021 11:07am

Commodities

China's 2020 US soybean imports surged though likely missed trade target

For 2020, Brazilian shipments were 64.28 million tonnes, up 11.46% from 2019's 57.67 million tonnes, and almost two-thirds of total annual imports.

Published 20 Jan, 2021 11:00am

Commodities

China's imports of Australian copper ore crashed to zero in December

Copper concentrate imports from all countries were 1.89 million tonnes in December and 21.77 million tonnes in 2020 overall, data released on Jan. 14 showed.

Published 20 Jan, 2021 10:42am

Commodities

China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

Almost two-thirds of India's iron ore exports to China had less than 58% iron content, according to Indian mining industry estimates.

Published 20 Jan, 2021 10:33am

Commodities

US Cash Grains-Interior corn, soy basis flat; mixed at river elevators

A soybean crush plant in Lafayette, Indiana, raised its spot basis bid by 7 cents a bushel, while bids remained flat at other processors.

Published 20 Jan, 2021 10:31am

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...