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Archive

Markets - Commodities

Monday, March 22, 2021

Cotton prices inch up on steady demand, softer dollar
Commodities

Cotton prices inch up on steady demand, softer dollar

  • We have seen good demand in the weekly export sales report ... Also, commercial buying (primarily exporters and may be some of the mills) has been stronger today.
  • The US Department of Agriculture's weekly export sales report, on Thursday, showed net sales of 437,700 running bales (RB) for 2020/2021 were up noticeably from the previous week, while exports of 351,900 RB were unchanged.
Published 22 Mar, 2021 10:02pm
Paris wheat hits five-week low on slack import demand
Commodities

Paris wheat hits five-week low on slack import demand

  • Front-month May milling wheat on the Paris-based Euronext exchange was down 1.25 euros, or 0.6%, at 218.50 euros ($260.32) a tonne.
  • It earlier touched its lowest since Feb. 12 at 218.25 euros, just below a previous five-week low touched on Friday.
Published 22 Mar, 2021 08:59pm
Brazil's second corn planting at 86pc of estimated area, below historical average
Commodities

Brazil's second corn planting at 86pc of estimated area, below historical average

  • This year, heavy rains delayed the harvesting of Brazil's soy and affected the second corn season in big producing states, raising fears of domestic supply shortages, especially among meatpackers.
  • In a separate report on Monday, consultancy AgRural said drier weather helped farmers reap more of their 2020/2021 soybeans over the past few days.
Published 22 Mar, 2021 08:53pm
Raw sugar prices fall as Brazilian currency weakens
Commodities

Raw sugar prices fall as Brazilian currency weakens

  • A weaker real encourages Brazilian exporters to sell dollar-priced commodities such as sugar and coffee because it raises their returns in local currency terms.
  • Dealers noted buying emerged around the day's low of 15.55 cents a lb, a level where it also found support on Friday and in early February.
Published 22 Mar, 2021 08:30pm
First deliveries on China's bonded copper futures total 6,225 tonnes
Commodities

First deliveries on China's bonded copper futures total 6,225 tonnes

  • The front-month contract, for delivery in March, expired on March 15 and those who sold copper on it then had five trading days to fulfil the obligation to hand over metal to buyers.
  • "At this point, the international copper futures business processes have all gone through and various rules have withstood the test of the market," the INE said.
Published 22 Mar, 2021 05:30pm