News Archives for Markets - 2021-04-06

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Commodities

Soybeans rise on tight near-term supply; corn, wheat steady

The most-active soybean futures on the Chicago Board of Trade were up 6-1/4 cents at $14.19 per bushel by 12:00 p.m. (1800 GMT).

Updated 07 Apr, 2021 12:22am

Commodities

Copper rallies after top producer Chile shuts border

Coronavirus cases in Chile surged past 1 million, while infections across Latin America, which has some of the world's biggest copper mines, are also rising.

Updated 07 Apr, 2021 12:22am

Commodities

Egypt's GASC buys 345,000 tonnes of wheat in tender for Aug. 1-10 shipment

The purchase comprised 290,000 tonnes of Russian wheat and 55,000 tonnes of Ukrainian wheat, GASC said.

Updated 07 Apr, 2021 12:22am

Commodities

Copper rallies after top producer Chile shuts border

Benchmark three-month copper on LME was up 2.2% to $8,979 a tonne in official trading.

Published 06 Apr, 2021 08:03pm

Commodities

Gold's gains kept in check by growing risk appetite

Dollar hits lowest in nearly two weeks.
US and Chinese data lifts equities to record highs.
Investors await Fed minutes on Wednesday.

Updated 06 Apr, 2021 07:29pm

Commodities

Ivory Coast 2020/2021 cocoa arrivals seen at 1.660mn tonnes by April 4

Ivory Coast's 2020/2021 cocoa mid-crop harvest started on April 1 and will end Sept. 30.
About 7,000 tonnes of beans were delivered to Abidjan port and 3,000 tonnes to San Pedro between April 1 to April 4 for a total of 10,000 tonnes, down from 16,000 tonnes during the same week last season.

Updated 06 Apr, 2021 07:29pm

Commodities

Taiwan tenders for 96,485 tonnes wheat of US-origin

The tender seeks a range of different wheat types in two consignments for shipment from the US Pacific Northwest coast.
One consignment of 45,505 tonnes is sought for shipment between May 29 and June 12. A second consignment of 50,980 tonnes is sought for shipment between June 15 and June 29.

Published 06 Apr, 2021 01:08pm

Commodities

Copper climbs to 2-week high as top producer Chile shuts borders

Three-month copper on the London Metal Exchange climbed as much as 3.6% to $9,104 a tonne, its highest since March 23.
The most-traded May copper contract on the Shanghai Futures Exchange also hit its highest in two weeks, advancing as much as 2.3% to 67,670 yuan ($10,330.82) a tonne.

Published 06 Apr, 2021 12:53pm

Commodities

Ukraine wheat flour exports fall to 10-year low

The previous lowest export level was in January 2011, when Ukraine exported 3,445 tonnes of wheat flour.
Ukrainian wheat export prices rocketed in the first half of the 2020/21 July-June season and exceeded $300 per tonne in January.

Published 06 Apr, 2021 12:51pm

Commodities

Soybeans firm on Brazil harvest delays

Brazilan delays threaten global supplies.
Corn little changed despite USDA planting report.
Wheat firms for second straight sessions.

Published 06 Apr, 2021 12:24pm

Commodities

South Korea buys about 12,000 tonnes GMO-free soybeans

Two 4,000 tonnes consignments were both purchased at $724 a tonne c& from trading house CJ International, traders said. A further 4,000 tonnes were purchased from another trading house at $733.60 a tonne c&f.

Published 06 Apr, 2021 12:21pm

Commodities

Palm oil rises over 1pc tracking soyoil, improving exports

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 51 ringgit, or 1.36%, to 3,790 ringgit ($917.23) a tonne by the midday break.
The recent rally in futures also supported the cash market prices to balloon and keep crude palm oil import margins in positive territory.

Published 06 Apr, 2021 12:18pm

Commodities

Copper hits 2-week high as top producer Chile closes border

Three-month copper on the London Metal Exchange climbed as much as 3.6% to $9,104 a tonne, its highest since March 23.
The most-traded May copper contract on the Shanghai Futures Exchange also hit its highest in two weeks, advancing as much as 2.3% to 67,670 yuan ($10,308.32) a tonne.

Published 06 Apr, 2021 11:24am

Commodities

Gold gains as dollar, US Treasury yields lose shine

Spot gold was up 0.3% at $1,733.31 per ounce.
US Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate.

Published 06 Apr, 2021 11:20am

Commodities

Japan futures edge higher on Shanghai gains, strong US economic data

The Osaka Exchange rubber contract for September delivery was up 0.6 yen, or 0.2%, at 251.3 yen ($2.3) per kg.
The rubber contract on the Shanghai futures exchange for September delivery was up 125 yuan, or 0.9%, at 14,365 yuan ($2,191) per tonne on Tuesday. China's commodity futures markets were closed on Monday for the Qingming festival.

Published 06 Apr, 2021 11:19am

Commodities

Spot gold still targets $1,746

After breaking above $1,716 and a falling trendline, the metal pulled back towards this former resistance and the line.
A break below $1,716 could cause a fall to $1,691. On the daily chart, gold has broken a resistance at $1,724. It is poised to rise towards $1,769.

Published 06 Apr, 2021 10:43am

Commodities

Soybeans firm on harvesting delays in Brazil

The most-active soybean futures on the Chicago Board Of Trade were up 0.3% to $14.16-1/4 a bushel .
The most-active wheat futures were up 0.3% to $6.20 a bushel, having closed up 1.1% on Tuesday.

Published 06 Apr, 2021 10:37am

Commodities

China sells 1.588mn tonnes of wheat at auction of state reserves

The volume sold, at an average price of 2,363 yuan ($360.36) per tonne, rose slightly from around 1 million tonnes sold last week.
Chinese feed makers have been scooping up wheat from reserves to substitute for more expensive corn. But demand for the grain has cooled down a little as corn prices fell.

Published 06 Apr, 2021 10:33am

Commodities

Palm oil edges up tracking soyoil, on signs of improving exports

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 38 ringgit, or 1.02%, to 3,777 ringgit ($914.09) a tonne during early trade.
Sri Lanka on Monday banned imports of palm oil and new palm plantations, and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry.

Published 06 Apr, 2021 10:25am

Commodities

Palm oil ticks up

KUALA LUMPUR: Malaysian palm oil futures edged up on Monday, gaining for a third session in four on the back of...