News Archives for Markets - 2021-03-18

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Commodities

US Cash Soymeal-Basis offers steady in subdued trade

End users, such as hog and poultry feeders, have covered their near-term needs at high prices and were reluctant to book more soymeal despite a setback in Chicago Board of Trade (CBOT) soymeal futures, one broker said this week.
The CBOT May board crush, an indication of crushers' profit margins, was last down 1-3/4 cents at 72 cents per bushel.

Published 18 Mar, 2021 10:09pm

Commodities

Tunisia buys soft wheat, durum wheat and feed barley in tender

The soft wheat was said to have been bought at $298.49 a tonne on a cost and freight (c&f) basis for four consignments and $302.19 a tonne c&f for one consignment, all from trading house Casillo.
The durum was bought in two consignments, all at an estimated $374.68 a tonne c&f, also from Casillo.

Published 18 Mar, 2021 09:39pm

Commodities

Copper firm on supply concern, but dollar weighs

Benchmark copper on the London Metal Exchange traded up 0.1% at $9,077.5 a tonne in official rings.
Copper and other base metals have struggled to find clear direction in the last few weeks thanks to macro market jitters and the bond market tantrum which caused consternation in cross-asset markets.

Published 18 Mar, 2021 08:13pm

Commodities

Wheat down 3-4 cents, corn down 1-2, soybeans down 7-10

Wheat heads lower on improving crop weather in the US Plains winter wheat belt and a lack of supportive news.
CBOT May soft red winter wheat last traded down 3-3/4 cents at $6.36-1/4 per bushel. K.C. May hard red winter wheat was last down 6 cents at $5.95 a bushel and MGEX May spring wheat was down 2-3/4 cents at $6.30-1/2.

Published 18 Mar, 2021 08:10pm

Commodities

India, Vietnam rates gain on robust demand; Bangladesh eyes stocks

Bangladesh looks to purchase 50,000 tonnes of rice.
Thailand prices dip on quiet market, weaker baht.
Congestion at Indian ports has eased – exporter.

Published 18 Mar, 2021 08:07pm

Commodities

Raw sugar steadies, held back by stronger dollar, weak technicals

May raw sugar slipped 0.1% to 15.98 cents per lb.
May arabica coffee was flat at $1.3355 per lb, after rising to its highest since March 1 on Wednesday.

Published 18 Mar, 2021 07:26pm

Commodities

Tunisia receives offers in 117,000 tonne soft wheat tender

No purchase has yet been reported and offers are still being considered, they said.
Lowest offer for at least 42,000 tonnes of durum wheat that was also sought was estimated at $374.68 a tonne c&f.

Published 18 Mar, 2021 06:55pm

Commodities

Copper falls as rising inventories spur demand concerns

Three-month copper on the London Metal Exchange fell 0.5% to $9,019.50 a tonne.
A weak physical market in China and concerns about rising US Treasury yields offset a soft US dollar.

Published 18 Mar, 2021 05:20pm

Commodities

Gold slips from more than two-week peak as US yields surge

US Treasury yields scale 14-month peak.
Palladium at more than one-year high.

Published 18 Mar, 2021 05:16pm

Commodities

Asian gold demand rebounding as Swiss exports to India surge

Switzerland is the world's biggest gold refining centre and transit hub, while India and China are the two biggest gold consumers and Thailand is a regional trade hub.
One reason for the pick-up is a steady decline in gold prices from record highs last August. Most gold in Asia is sold as jewellery and buyers are put off by high prices.

Published 18 Mar, 2021 05:13pm

Commodities

Supply squeeze drags copper treatment charges below $20 a tonne

Antofagasta tender goes for TC in high $10s/T – sources.
Spot TCs in China lowest since 2010 at $33.50/T - Asian Metal.
Smelter margins razor thin ahead of China meeting.

Published 18 Mar, 2021 05:11pm

Commodities

Ukraine wheat export prices lose $10 a tonne so far this week

Ukraine sold about 57 million tonnes of grain to foreign buyers in the 2019/20 season, while the government has said exports could decline to 45.4 million tonnes in 2020/21 because of a weaker harvest.

Published 18 Mar, 2021 01:00pm

Commodities

Asia Coffee-Vietnam market tepid on weak demand, Indonesia premiums narrow

"They (farmers) will start selling a lot of the beans in April or during the Ramadan month because there will be a lot of spendings for that month," one of the traders said, adding the main harvest would start in May.

Published 18 Mar, 2021 12:55pm

Commodities

Mauritius bought 4,000 tonnes rice in tender from India, Pakistan

The rice was purchased at an average price of around $509.6 a tonne c&f, trader said.

Published 18 Mar, 2021 12:43pm

Commodities

Copper falls as rising inventories spur demand concerns

Meanwhile, stockpiles are rising in exchange warehouses, with LME copper inventories hitting their highest since Dec. 30 at 107,275 tonnes, and ShFE stockpiles were last at their six-month high of 171,794 tonnes.

Published 18 Mar, 2021 12:41pm

Commodities

Soybeans down for 2nd session on improved Argentine weather

Wheat futures are under pressure from expectations of higher production in the world's top exporter Russia.

Published 18 Mar, 2021 11:10am

Commodities

Soybeans down for second day on better Argentine weather

Wheat futures are under pressure from expectations of higher production in the world's top exporter Russia.

Published 18 Mar, 2021 11:08am

Commodities

Kazakhstan's Jan-Feb copper, steel output up, zinc drops

ArcelorMittal owns the country's only major steel mill.

Published 18 Mar, 2021 10:32am

Commodities

Indian sugar mills rush to sign export contracts as prices rally

MUMBAI: Indian mills have contracted to export 4.3 million tonnes of sugar so far in the 2020/21 season ending on...