News Archives for Markets - 2021-03-11

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Commodities

Arabica coffee price rise, sugar and cocoa also up

May arabica coffee rose by 1.45 cents, or 1.1%, to $1.3230 per lb.
May raw sugar rose by 0.16 cents, or 1.0%, to 16.12 cents per lb.
May New York cocoa rose by $26, or 1.0%, to $2,599 a tonne.

Updated 11 Mar, 2021 10:03pm

Commodities

Soybeans drop to one-week low, wheat extends fall

Soybeans down after USDA report fails to add bullish momentum.
Wheat extends fall on ample supply, improved US weather.

Updated 11 Mar, 2021 10:02pm

Commodities

Gold gains for third day as bond yields, dollar retreat

$1.9 trillion US COVID-19 bill wins final approval.
ECB signals faster bond buys in coming quarter.
Greater upside in other assets than in gold – analyst.

Published 11 Mar, 2021 07:32pm

Commodities

Copper rises towards 10-year highs as bullish mood grips markets

With Chinese equities up around 2.5%, the US Dow Jones Index at record levels and European stocks reaching a one-year high, benchmark copper on the London Metal Exchange (LME) was up 2.1% at $9,048 a tonne in official trading.
Copper, used in power and construction, reached $9,617 a tonne in February as analysts warned that demand from China, green energy and electrification will outstrip supply.

Published 11 Mar, 2021 07:06pm

Commodities

Brazil to reap record corn harvest but second crop worries linger: Safras & Mercado

Total corn production in the 2020/2021 cycle is estimated at 113.5 million tonnes, up 6% from the previous year, with second corn production to reach a projected 84 million tonnes, Safras data showed.
"If Brazil has a longer winter with lower temperatures, we'll only have large volumes of second corn in August and September," he said.

Published 11 Mar, 2021 06:48pm

Commodities

CBOT corn may test support at $5.29

The drop from $5.72 may have been driven by a wave 4, which will be reversed by a wave 5.

Published 11 Mar, 2021 01:05pm

Commodities

South Korea's KFA tenders to buy up to 69,000 tonnes corn

The KFA is also seeking separate offers for corn sourced only from South America and South Africa, traders said.

Published 11 Mar, 2021 12:49pm

Commodities

Vegetable oil account for 40% of Ukraine farm exports so far in 2020/21

It said Ukrainian-origin sunoil prices rose to a range of $1,710-$1,725 per tonne FOB Black Sea for delivery in March-May.

Published 11 Mar, 2021 12:47pm

Commodities

CBOT wheat may retest support at $6.42

Under the repeated attacks by bears, this support may be broken on Thursday.

Published 11 Mar, 2021 12:40pm

Commodities

Soybeans drop to one-week low, corn down for third session

However, the USDA raised its forecast of global ending stocks of both corn and soybeans, bucking trade expectations for a reduction.

Published 11 Mar, 2021 11:41am

Commodities

China's soymeal, rapeseed meal futures tumble in Thursday trade

Soymeal futures last fell 4.6% to 3,162 yuan ($486.51) per tonne, while rapeseed meal futures were last down 5% at 2,698 yuan per tonne.

Published 11 Mar, 2021 11:22am

Commodities

Copper rises on US stimulus cheer, Chile supply threat

Copper is often used as a gauge of global economic health.

Published 11 Mar, 2021 11:20am

Commodities

Palm oil may rise into 4,008-4,048 ringgit range

Based on the depth of the drop to 3,160 ringgit, the contract may surge to 4,576 ringgit.

Published 11 Mar, 2021 10:57am

Commodities

Con, soy prices sag on profit-taking after USDA data

"That is helpful for winter wheat crops in the Plains and some of these dry areas in the western (corn) belt that really need the rains," Linn said.

Published 11 Mar, 2021 10:52am

Commodities

Soybeans hit 8-day low, South American supply concerns cap losses

Crude oil prices rose as vaccine rollouts bolstered the economic outlook and US fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month's Texas storm.

Published 11 Mar, 2021 10:46am

Commodities

Crushing season 2020-21: Sugar production likely to surpass initial official estimates

LAHORE: Sugar production during the crushing season 2020-21 is expected to surpass the initial official estimates ...