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Archive

Markets - Commodities

Wednesday, February 24, 2021

Arabica coffee slips from more than one-year peak
Commodities

Arabica coffee slips from more than one-year peak

  • May arabica coffee fell by 0.3 cent, or 0.2%, to $1.38 per lb.
  • May raw sugar rose by 0.14 cent, or 0.8%, to 17.15 cents per lb, climbing towards a nearly four-year peak of 17.52 cents set on Tuesday.
  • May New York cocoa was up $32, or 1.3%, at $2,531 a tonne.
Published 24 Feb, 2021 09:46pm
US corn, soy rise as Brazil rains drive farmers from fields
Commodities

US corn, soy rise as Brazil rains drive farmers from fields

  • "Wheat being beaten down yesterday did not make too much sense," said Terry Reilly, senior analyst with Futures International in Chicago.
  • CBOT May soybeans were 7-1/4 cents higher at $14.15-3/4 a bushel and CBOT May corn was 2-1/4 cents higher at $5.54-3/4 a bushel.
Published 24 Feb, 2021 09:27pm
Salzgitter says steel demand, sentiment, has improved markedly
Commodities

Salzgitter says steel demand, sentiment, has improved markedly

  • "Sentiment has improved considerably," Heinz Joerg Fuhrmann, who will step down at the end of June after 10 years at the helm, told journalists late on Tuesday. "Demand has stabilised significantly."
  • Salzgitter, which competes with larger peer Thyssenkrupp in Germany, recently raised its outlook for 2021 and expects pre-tax profit of 150 million to 200 million euros ($182-$243 million).
Published 24 Feb, 2021 08:15pm
South Korea's KOCOPIA bought about 60,000 tonnes corn
Commodities

South Korea's KOCOPIA bought about 60,000 tonnes corn

  • It was bought in one consignment for arrival in South Korea around May 20. Seller was believed to be trading house Viterra.
  • Shipment was between March 25 and April 15 if sourced from the US Gulf or April 15 and May 5 if sourced from the US Pacific Northwest coast.
Published 24 Feb, 2021 06:57pm
Palm oil may test resistance at 3,752 ringgit
Commodities

Palm oil may test resistance at 3,752 ringgit

  • Support is at 3,624 ringgit, a break below which could cause a fall into the 3,466-3,545 ringgit range. On the daily chart, the contract may break a resistance at 3,581 ringgit, following its failure on Feb. 15.
Published 24 Feb, 2021 10:11am