News Archives for Markets - 2021-04-23

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Commodities

Palladium extends record run, gold dips on strong U.S. data

Palladium hit a record high of $2,925.14 per ounce and was poised for a second straight weekly gain.

Published 23 Apr, 2021 11:45pm

Commodities

Corn, soy ease ahead of weekend, after surge to multi-year highs

CBOT wheat drew underlying support from a weakening dollar , which tends to make U.S. grains more competitive on the export market.

Updated 23 Apr, 2021 11:45pm

Commodities

Wheat down 3-6 cents, corn and soybeans down 4-8

CBOT May wheat reached a high of $7.15 a bushel on Thursday, the highest for a most-active contract since May 2014.
CBOT July corn peaked at $6.35 a bushel in overnight trading, the highest for a most-active contract since June 2013.

Published 23 Apr, 2021 06:35pm

Commodities

Prices ease after surge to multi-year highs

Corn falls after near eight-year highs.
Soybeans, wheat also ease after near seven-year peaks.
Fund flows contributed to daily limit gains on Thursday.
Weather risks, China demand keep focus on global supply.

Published 23 Apr, 2021 05:53pm

Commodities

Gold heads for third weekly gain on lower yields, weaker dollar

Gold up 0.8% so far this week
Palladium off record peak
Upcoming rise in inflation to keep gold supported-Fitch Solutions.

Published 23 Apr, 2021 05:42pm

Commodities

Asia Gold-Second coronavirus wave stifles demand in India

Buyers unwilling to step out due to COVID-19 - Indian wholesaler.
China premiums rise to $8-$10/oz versus $7-$9 last week.
Consumers reluctant due to higher prices - Singapore dealer.

Published 23 Apr, 2021 05:38pm

Commodities

China's pollution clampdown drives aluminium to three-year peak

Benchmark aluminium on the London Metal Exchange was up 1% at $2,387 a tonne at 1121 GMT. Prices of the metal used widely in the transport, construction and packaging industries earlier touched $2,389, a gain of more than 20% since January.
Electricity, much of it from coal in China, can account for 30%-40% of aluminium smelting costs.

Published 23 Apr, 2021 05:35pm

Commodities

Palm falls as analyst forecasts abundant supplies

Palm reversed momentum to end lower.
Contract gains 5.7% this week.
Traders taking profit ahead of weekend.
Supply forecast to increase fast.
Indian port to shut weekend operations – trader.

Published 23 Apr, 2021 05:22pm

Commodities

Ukraine farm minister opposes sunflower seed export ban

The economy ministry said this week it had proposed banning exports of sunflower seeds from May 15 to Sept. 30, even though volumes of seed exports have been tiny.
Ukraine this week limited sunoil exports to 5.38 million tonnes in the 2020/21 season in a bid to prevent a jump in sunoil prices on domestic market.

Published 23 Apr, 2021 05:01pm

Commodities

South Korea's KFA buys estimated 201,000 tonnes corn in tender

The corn can be sourced optionally from the United States, South America or South Africa.
Some 68,000 tonnes was purchased at an estimated $305.31 a tonne c&f for arrival in South Korea around Aug. 25, traders said. Seller was believed to be trading house Cofco.

Published 23 Apr, 2021 04:41pm

Commodities

Palm oil poised to break resistance at 4,028 ringgit

On the daily chart, the uptrend looks steady. It is riding on a wave C which is expected to travel into 4,301-4,576 ringgit range.

Published 23 Apr, 2021 11:36am

Commodities

CBOT soybeans may extend gains into $15.56-1/4 to $15.72-1/4 range

The only choice is to follow the trend.

Published 23 Apr, 2021 11:33am

Commodities

Ukraine proposes duty free sugar import

KYIV: Ukraine’s economy ministry has proposed waiving the 50% import duty on 120,000 tonnes of white sugar in a...