News Archives for Markets - 2021-02-11

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Commodities

India rates anchored near 3-year peak on strong export demand

Vietnam, Thai markets muted due to Lunar New Year.
Indian rates steady near May 2018 levels.
India lines up deepwater port to export rice.

Published 11 Feb, 2021 08:58pm

Commodities

Corn steadies after 2-week low as US export data eyed

Soybeans, wheat turn slightly higher.
Selling eases after sharp losses since USDA monthly report.
Attention turns to weekly US export sales.

Published 11 Feb, 2021 08:31pm

Commodities

Sugar futures slip after hitting contract highs, cocoa retreats

arch raw sugar slipped 0.2% to 16.68 cents per lb.
March New York cocoa slid 3.3% to $2,590 a tonne.
May arabica coffee edged up 0.1% to $1.2325 per lb.

Published 11 Feb, 2021 07:36pm

Commodities

Copper hovers near eight-year high as Chinese holiday starts

The more the price moves up in the very short term the bigger the fall will be in the second half of this year.
Copper inventories in warehouses registered with the LME and Comex exchange are falling.

Updated 11 Feb, 2021 09:28pm

Commodities

Egypt's GASC gets offers in soyoil, sunflower oil tender

GASC is seeking offers for delayed payment with 180-day letters of credit or immediate payment and that it would assess both possibilities. * Cargill also offered 30,000 tonnes of soyoil at $1,080 a tonne with payment in 180 days.

Published 11 Feb, 2021 06:34pm

Commodities

Kraft Heinz quarterly sales beat Wall Street expectations

The Chicago-headquartered company said sales grew 6.2% to $6.94 billion in the three months ended Dec. 26, beating the average estimate of $6.82 billion, according to Refinitiv data.

Updated 11 Feb, 2021 09:24pm

Commodities

Argentina rains help pump up soybean, corn crop forecasts

The exchange raised its forecast for the 2020/21 soybean harvest to 49 million tonnes, versus 47 million previously.
"The specter of the 2018 productive disaster remains behind us," the exchange said in the report.

Published 11 Feb, 2021 05:21pm

Commodities

Copper hovers near eight-year high as Chinese holiday starts

The start of the Chinese holiday kept trading activity low, with benchmark copper on the London Metal Exchange (LME) flat at $8,299 a tonne.
The more the price moves up in the very short term the bigger the fall will be in the second half of this year.

Published 11 Feb, 2021 05:20pm

Commodities

Enel coal plant closures could cut carbon emissions by 50pc in 2026

Group estimated the planned closures could lead to a fall in carbon emissions by 50% in 2026 production.
Europe's biggest utility has plans to phase out almost all its coal-fired capacity by 2025.

Published 11 Feb, 2021 05:16pm

Commodities

Copper hovers near 8-year high on weaker dollar

Trading was subdued as the Shanghai Futures Exchange is shut during Feb. 11-17 for the Lunar New Year holidays in China, the world's top metals consumer.

Published 11 Feb, 2021 01:45pm

Commodities

NY coffee may retest support at $1.1995

The support is provided by the 76.4% projection level of a downward wave C from $1.2730.

Published 11 Feb, 2021 12:47pm

Commodities

Palm oil snaps 5-day rally ahead of Lunar New Year holiday

Also weighing on prices, soyoil on the Chicago Board of Trade fell 0.3%.

Published 11 Feb, 2021 12:37pm

Commodities

CBOT wheat may retest support at $6.25-3/4

The support is provided by the 76.4% projection level of a downward wave c from $6.60-1/2. This wave is expected to travel to $6.15-1/4, its 100% projection level.

Published 11 Feb, 2021 12:18pm

Commodities

CBOT soybeans may drop to $13.24-1/4

Based on the current strong momentum, the wave C may eventually travel to $12.71-3/4. A bounce from the current level may be limited to $13.56-3/4.

Published 11 Feb, 2021 10:18am

Commodities

Palm oil may edge up to 3,684 ringgit

On the daily chart, palm oil has cleared a resistance at 3,606 ringgit, the 23.6% retracement on the uptrend from 2,691 ringgit to 3,888 ringgit. It is likely to gain more to 3,713 ringgit.

Published 11 Feb, 2021 10:10am

Commodities

CBOT corn may hover above $5.23-1/2

On the daily chart, the current fall is presumed to be against the uptrend from $4.14-1/2.

Published 11 Feb, 2021 10:04am

Commodities

Pakistan Mercantile Exchange - PMEX

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