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Archive

Markets - Commodities

Wednesday, February 17, 2021

Palm gains over 2pc on costlier US soyoil, weaker ringgit
Commodities

Palm gains over 2pc on costlier US soyoil, weaker ringgit

  • The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 99 ringgit, or 2.8%, to 3,634 ringgit ($900.17) a tonne.
  • CBOT soyoil rose for a third straight session on Wednesday as extremely cold weather in key US growing areas raised worries about global supplies.
Published 17 Feb, 2021 08:44pm
Philippines said to pass in 145,000 tonne wheat tender
Commodities

Philippines said to pass in 145,000 tonne wheat tender

  • Prices were regarded as too high. Price offers were said to be over $300 a tonne c&f.
  • The group had sought 75,000 tonnes of feed wheat in two consignments for delivery between April and June plus another 70,000 tonnes of milling wheat in two consignments for delivery in June.
Published 17 Feb, 2021 08:22pm
Copper slips on profit-taking, but holds near 9-year peak
Commodities

Copper slips on profit-taking, but holds near 9-year peak

  • Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
  • "The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."
Published 17 Feb, 2021 06:40pm
Japan rubber futures down
Commodities

Japan rubber futures down

TOKYO: Japanese rubber futures edged lower on Tuesday giving up earlier gains that carried over from the better than...
Published 17 Feb, 2021 04:24am
Palm oil edges higher
Commodities

Palm oil edges higher

SINGAPORE: Malaysian palm oil futures gained for a second straight session on Tuesday as rival soyaoil on the ...
Published 17 Feb, 2021 04:24am
US MIDDAY: Wheat climbs
Commodities

US MIDDAY: Wheat climbs

CHICAGO: US wheat futures touched a one-week high on Tuesday, rising nearly 3% on fears that frigid temperatures in...
Published 17 Feb, 2021 04:24am