News Archives for Markets - 2021-03-26

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Commodities

Wheat down 2-4 cents, corn steady-down 2 cents, soybeans mixed

Good soil moisture that is boosting crop prospects in key growing areas pressures wheat futures.
On a continuous basis, the most-active CBOT soft red winter wheat contract hit a three-month low overnight and was on track for a weekly drop of 2.6%, which would be its biggest since early February.

Published 26 Mar, 2021 08:27pm

Commodities

Gold set for first weekly fall in three on firmer dollar, yields

Dollar holds close to over four-month peak.
SPDR Gold ETF holdings down over 140 tonnes so far this year.
Gold trapped in range bound trade – analyst.

Published 26 Mar, 2021 08:21pm

Commodities

Wheat slips to new three-month low on ample supply outlook

The most-active wheat futures contract on the Chicago Board of Trade was down 0.3% at $6.10-1/2 a bushel by the end of the overnight session, near the session low of $6.08-1/4 that was its lowest since Dec 28.
"The market isn't concerned about any supply issues right now, so the market is on the defensive," a Melbourne-based grains trader said of wheat.

Published 26 Mar, 2021 08:06pm

Commodities

Copper cheered by US economic data, new lockdowns weigh

While benchmark copper on the London Metal Exchange traded up 1.6% at $8,918.5 a tonne in official rings, prices of the metal used as a gauge of economic health by investors are down about 7% since hitting 9-1/2-year highs of $9,617 last month.
"We are in a consolidation period, not necessarily because of fundamentals," said Julius Baer analyst Carsten Menke.

Published 26 Mar, 2021 08:04pm

Commodities

India activity slows as dealers close the books

China premiums at $7.5-$10/oz versus $7-$9 last week.
Indian coronavirus cases jump to over 5-month peak.
Japan premiums edge up to $1/oz.

Published 26 Mar, 2021 07:11pm

Commodities

Mauritius tenders to buy 4,000 tonnes white rice, optional origin

The rice was sought for delivery between June 1 and July 31. Tender deadline is April 16, traders said.
Mauritius had on March 18 purchased about 4,000 tonnes of long grain white rice to be sourced from India and Pakistan for delivery between April 15 and June 15.

Published 26 Mar, 2021 05:51pm

Commodities

Raw sugar futures rise, coffee also climbs

May raw sugar rose by 0.08 cents, or 0.5%, to 15.17 cents per lb.
May arabica coffee rose by 2.05 cents, or 1.6%, to $1.2865 per lb. The contract dipped to a low of $1.2520 on Thursday, its weakest since Feb. 17.

Published 26 Mar, 2021 05:45pm

Commodities

Copper rises on optimism around global economic recovery

Both copper contracts, however, are set for weekly losses.

Updated 26 Mar, 2021 12:10pm

Commodities

Palm oil may fall to 3,798 ringgit

The current wave C is expected to travel below 3,667 ringgit, the bottom of the wave A.

Published 26 Mar, 2021 11:37am

Commodities

NY cocoa may retest support at $2,422

A break above $2,476 could lead to a gain into $2,509-$2,530 range.

Published 26 Mar, 2021 11:35am

Commodities

CBOT wheat may test support at $6.05-1/2

A bounce from the current level could be weak, probably limited to a range of $6.16-3/4 to $6.21-1/2.

Published 26 Mar, 2021 11:33am

Commodities

CBOT corn may retest support at $5.41-3/4

A break above $5.47-1/2 could lead to a gain to $5.53-1/4.

Published 26 Mar, 2021 11:32am

Commodities

CBOT soybeans may test support at $14.01-1/2

The contract observes closely a set of projection levels on the uptrend from $13.36-3/4. After breaking below $14.20-1/2, it is falling towards $14.04-1/2.

Published 26 Mar, 2021 11:31am

Commodities

Tokyo rubber futures down

TOKYO: Japanese rubber futures dropped to their lowest in more than five weeks on Thursday due to worries about slow...