News Archives for Markets - 2021-04-07

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Commodities

Wheat lifted on spring planting concerns

CBOT soybeans fell 10 cents to $14.08-3/4 per bushel, while CBOT corn added 5 cents to $5.59-1/4 per bushel.

Updated 08 Apr, 2021 12:17am

Commodities

Gold eases on swift recovery bets as focus turns to Fed minutes

Fed meeting minutes due at 1800 GMT.
US job openings rose to 2-year high in February.
Platinum eases after scaling over one-month peak.

Published 07 Apr, 2021 08:15pm

Commodities

Tunisia tenders to buy 75,000 tonnes soft wheat

The wheat is sought in three 25,000 tonne consignments for shipment between May 15 and June 25 depending on origin supplied.
The agency said in the tender it reserves the right to buy 10% more or less than 75,000 tonnes.

Published 07 Apr, 2021 07:04pm

Commodities

Copper slips as inventories climb and China premiums dip

Benchmark copper on the London Metal Exchange (LME) shed 0.8% to $8,974.50 a tonne in official trading. The metal touched its highest since March 23 at $9,104 in the previous session.
Copper inventories in LME-registered warehouses have since surged to 150,325 tonnes compared to 74,200 tonnes at the end of February.

Published 07 Apr, 2021 05:56pm

Commodities

Gold falls on swift economic recovery hopes; Fed minutes eyed

US Fed meeting minutes due at 1800 GMT.
US job openings rose to 2-year high in February.
Euro zone business activity returns to growth in March.

Published 07 Apr, 2021 05:43pm

Commodities

Soybeans, corn edge higher as crop weather assessed

Near-term tightness in world supply underpins soy, corn prices.
Traders weigh weather for US planting, Brazil corn crop.
Market eyes USDA supply-demand report after acreage surprise.

Published 07 Apr, 2021 05:41pm

Commodities

Thailand gets offers in tender for up to 504,000 tonnes feed wheat

Offers are still being considered and no purchase was so far reported, traders said.

Published 07 Apr, 2021 01:58pm

Commodities

CBOT wheat may retest resistance at $6.21-1/2

On the daily chart, the current bounce is expected to be matching the one from the Jan. 25 low of $6.26.

Published 07 Apr, 2021 01:51pm

Commodities

China's record steel prices underpin Asia's iron ore benchmarks

Shanghai stainless steel was flat at 14,375 yuan a tonne.

Published 07 Apr, 2021 01:03pm

Commodities

Copper prices fall on weaker-than-expected China demand

ShFE aluminium declined 0.4% to 17,475 yuan a tonne, tin dropped 0.6% to 184,660 yuan a tonne, while zinc rose 0.3% to 21,850 yuan a tonne.

Published 07 Apr, 2021 12:52pm

Commodities

US Cash Grains-Processor bids for corn strong; sales slow

The soybean basis held steady at river terminals and interior elevators.

Published 07 Apr, 2021 11:22am

Commodities

Palm oil may hover below 3,810 ringgit

On the daily chart, an uptrend remains intact. However, the resumption of the uptrend quite often started with a high-low bottom after a deep correction.

Published 07 Apr, 2021 11:19am

Commodities

Palm oil hits near 2-week high on signs of higher exports, lower output

Palm extended gains for a third straight day to its highest since March 25.

Published 07 Apr, 2021 11:17am

Commodities

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

For wheat, analysts said there are concerns that persistent dryness across North and South Dakota could impact spring wheat planting.

Published 07 Apr, 2021 11:16am

Commodities

150,000MT of wheat allocated for flour mills

LAHORE: The Punjab Food Department (PFD) has allocated 150,000 metric tons of wheat to be supplied to flour mills of...