News Archives for Markets - 2021-03-16

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Commodities

EU wheat slips to one-month low as supply worries ease

Front-month May milling wheat on Euronext was down 1.50 euros, or 0.7%, at 221.50 euros ($263.34) a tonne .
The contract earlier fell to 220 euros a tonne, its weakest since Feb. 15 and just below a previous one-month low touched on Monday.

Published 16 Mar, 2021 09:26pm

Commodities

Gold firms as dollar, yields retreat; palladium hits 1-year high

Fed's two-day meeting starts later on Tuesday.
Russia's Nornickel downgrades 2021 output forecast.
Platinum jumps more than 1%.

Published 16 Mar, 2021 08:33pm

Commodities

Wheat down 5-6 cents, soy down 3-4, nearby corn up 3-4

Wheat futures lower on improved US winter wheat condition ratings and ideas that Russia might relax grain export controls.
Weekly winter wheat condition ratings improved in the last week in Kansas and Oklahoma while holding steady in Texas, the US Department of Agriculture said Monday.

Updated 16 Mar, 2021 10:03pm

Commodities

Copper slips on profit taking ahead of Fed meeting

Benchmark copper on the London Metal Exchange dropped 2.1% to $8,956.50 a tonne in official trading.
Copper hit a 9-1/2 year peak last month of $9,617, having surged by 24% since the start of the year.

Updated 16 Mar, 2021 10:03pm

Commodities

Jordan gets only one participant in 120,000 tonne barley tender

Only trading house Viterra was said to be taking part.
No purchase has yet been made and results are expected later on Tuesday, traders said.

Updated 16 Mar, 2021 10:00pm

Commodities

Malaysian palm producer FGV jumps 20pc after surviving Felda's bid

The Federal Land Development Authority, or Felda, in December proposed a mandatory takeover offer after agreeing to increase its stake in FGV.
FGV's stock jumped as much as 28.5% on Tuesday in its largest intraday jump since Sept. 14, 2015.

Updated 16 Mar, 2021 10:00pm

Commodities

Copper slips on profit taking, firmer dollar ahead of Fed

Benchmark copper on the London Metal Exchange had dropped 1.8% to $8,979.50 a tonne.
Copper hit a 9-1/2 year peak last month of $9,617, having surged by 24% since the start of the year.

Published 16 Mar, 2021 05:16pm

Commodities

Pakistan gets offers in 300,000 tonne wheat tender

The lowest offer for nearby shipment in April was said to be $323.97 a tonne c&f. Both offers were said to have been submitted by trading house Dreyfus.

Published 16 Mar, 2021 01:55pm

Commodities

Shanghai aluminium hits 9-1/2-year high on Chinese supply worries

CRU analyst Wan Ling said this could translate to a 100,000-tonne annual aluminium output reduction.

Published 16 Mar, 2021 12:25pm

Commodities

Japan to hike tariffs on US beef as FY imports near limit

Officials at Japan's agriculture and finance ministries declined to comment on the report, but noted that the import figure for early March will be released on Wednesday.

Published 16 Mar, 2021 12:13pm

Commodities

Shanghai aluminium touches over 9-year high on Chinese supply concerns

The three-month aluminium on the London Metal Exchange advanced as much as 0.4% to $2,227 a tonne.

Published 16 Mar, 2021 12:07pm

Commodities

Palm on course for longest winning streak in 19 years on improving exports

Dalian's most-active soyoil contract rose 1.3%, while its palm oil contract gained 0.8%. Soyoil prices on the Chicago Board of Trade were up 0.8%.

Published 16 Mar, 2021 12:05pm

Commodities

Malaysian palm oil producer FGV jumps near 25% after surviving Felda's bid

The plantation giant listed on the Kuala Lumpur Stock Exchange in 2012, as an investor favourite at an offer price of 4.55 ringgit ($1.13) per share in what was hailed as the world's second largest IPO after Facebook.

Published 16 Mar, 2021 11:50am

Commodities

Corn hits 8-day high on brisk US exports

The most active soybean futures were steady at $14.19-3/4 a bushel, having closed 0.4% firmer on Monday.

Published 16 Mar, 2021 11:46am

Commodities

Dalian iron ore gains over 4%, coking coal futures jump

Spot prices of iron ore with 62% iron content for delivery to China plunged by $10 to $164 a tonne on Monday, according to SteelHome consultancy.

Published 16 Mar, 2021 11:45am

Commodities

Corn futures rally on export strength; wheat, soybeans rise

CBOT May soybeans were up 6-1/4 cents at $14.19-1/2 a bushel.

Published 16 Mar, 2021 11:19am

Commodities

CBOT soybeans may test resistance at $14.31-1/2

Wave pattern suggests the completion of a wave iv, and the start of a wave v towards $14.54-3/4.

Published 16 Mar, 2021 11:18am

Commodities

Palm oil may drop into 3,959-4,008 ringgit range

Signals on the chart of the June contract also suggest a drop, as confiremd by the bearish divergence on the hourly RSI and an exhaustion gap forming on March 12.

Published 16 Mar, 2021 11:16am

Commodities

CBOT corn may test resistance at $5.56-1/4

A break below $5.43 could be followed by a drop towards $5.25-1/4.

Published 16 Mar, 2021 11:11am

Commodities

US green coffee stocks fall again, reach lowest since June 2015

The GCA data includes both the coffee at ICE exchange warehouses and volumes kept by other market participants.

Published 16 Mar, 2021 11:08am

Commodities

Wheat support price may be fixed at Rs1800 per 40kg: NA body

ISLAMABAD: Expressing serious concern over the increase in input cost, the National Assembly Standing Committee on...