News Archives for Markets - 2021-02-04

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Commodities

Corn slips after hitting 7-1/2 year top, buoyed by Chinese demand

CBOT soybeans gained 2 cents to $13.73-1/4 per bushel, while wheat slid 12-1/2 cents to $6.36 per bushel.

Published 04 Feb, 2021 11:18pm

Commodities

Gold slides more than 2pc to below $1,800 as dollar, yields gain

Silver slips as much as 3.2%.
Spot gold hits more than two-month low at $1,784.76/oz.
Dollar at 2-month peak.

Published 04 Feb, 2021 09:43pm

Commodities

Russia to introduce formula-based wheat export tax on June 2

Moscow Exchange to compile exporters' prices from April 1.
Formula-based tax to start on June 2 and be permanent.
Exports of barley, corn will be subject to the tax too.

Updated 04 Feb, 2021 11:33pm

Commodities

Thailand's sugar crop to rebound in 2021/22: report

Czarnikow projects sugar cane production to increase by 30 million tonnes in 2021/22 (Oct-Sept) to 100 million tonnes.
Thailand is currently processing its 2020/21 cane crop, which is the smallest in 10 years at only 70 million tonnes.

Published 04 Feb, 2021 09:08pm

Commodities

Corn up 3-5 cents, wheat up 4-5 cents, wheat steady-down 2 cents

The US Agriculture Department said that export sales of wheat totaled 736,600 tonnes in the week ended Jan. 28.
CBOT March soft red winter wheat last traded down 1-1/2 cents at $6.46-3/4 per bushel.

Published 04 Feb, 2021 08:07pm

Commodities

Tin prices slip from multi-year high in tight LME market

Benchmark tin on the LME was down 0.8% at $22,755 a tonne.
Prices could rise further in seasonally strong demand after this month's Chinese Lunar New Year holidays but should fall to about $20,000 towards the end of the year.

Published 04 Feb, 2021 05:46pm

Commodities

White sugar futures steady but supply tightness underpins

March white sugar was little changed at $462.50 a tonne.
March New York cocoa rose 0.6% to $2,541 a tonne.
March arabica coffee slipped 0.3% to $1.2360 per lb.

Published 04 Feb, 2021 05:23pm

Commodities

Argentina's corn and soy crops pull away from stricken 2018 harvest

The US Department of Agriculture's Buenos Aires office last week projected the corn crop at 47 million tonnes, a half million below the agency's official estimate, due to drought damage.

Published 04 Feb, 2021 12:07pm

Commodities

Copper rises on economic recovery optimism, easing liquidity worries

Adding to the optimism, the US Congress pushed ahead with a maneuver to pass a $1.9 trillion COVID-19 relief package.

Published 04 Feb, 2021 11:23am

Commodities

Palm oil may stabilise around 3,208 ringgit

The current wave b may end above 3,148 ringgit, to be reversed by the wave c.

Published 04 Feb, 2021 11:16am

Commodities

Palm oil gains on overnight Chicago soy strength

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 04 Feb, 2021 11:06am

Commodities

Corn firms before data expected to confirm robust China demand

The most-active soybean futures were down 0.1% at $13.69-1/2 a bushel, having closed 1.2% higher on Wednesday.

Published 04 Feb, 2021 10:46am

Commodities

Iron ore futures rebound as Brazil's Vale reports subdued 2020 output

A report that China's central bank will keep liquidity reasonably ample to support economic recovery also provided a positive background in Thursday's trading.

Published 04 Feb, 2021 10:36am

Commodities

Pakistan Mercantile Exchange - PMEX

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