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Markets - Commodities - 2021-05-04
Copper prices resume climb towards $10,000/t
Commodities

Copper prices resume climb towards $10,000/t

  • Benchmark three-month copper on the London Metal Exchange (LME) had risen 1.4% to $9,958.50 per tonne in official trades. On Thursday, prices hit $10,008 a tonne which was the highest since Feb. 2011.
  • "It's a tremendously positive story for copper at the moment and in the long term," said WisdomTree analyst Nitesh Shah, adding that the metal will likely pierce through the $10,000 mark again.
Published 04 May, 2021 07:46pm
Soy up 12-16 cents, corn up 6-12 cents, wheat up 3-5 cents
Commodities

Soy up 12-16 cents, corn up 6-12 cents, wheat up 3-5 cents

  • Wheat futures rising on bargain buying after most-active contract fell 2.3% on Monday, its biggest daily percentage drop since March 30. Strength in corn market underpins wheat.
  • The US Agriculture Department said that the US winter wheat crop was rated 48% good to excellent as of May 2, down 1 percentage point from a week ago.
Published 04 May, 2021 06:55pm
Tunisia tenders to buy 50,000 tonnes feed barley
Commodities

Tunisia tenders to buy 50,000 tonnes feed barley

  • The tender closes on Wednesday, May 5, they said. The grain can be sourced from optional origins.
  • If sourced from the Black Sea region, Mediterranean or east Europe, shipment was sought between June 5 and June 20.
Published 04 May, 2021 05:58pm
Arabica coffee climbs, raw sugar also rises
Commodities

Arabica coffee climbs, raw sugar also rises

  • July arabica coffee was up 1.8 cents, or 1.3%, at $1.4205 per lb .
  • May raw sugar was up 0.37 cents, or 2.2%, at 17.10 cents per lb.
  • July New York cocoa rose by $8, or 0.3%, to $2,377 a tonne.
Published 04 May, 2021 05:54pm
Copper prices resume climb towards $10,000
Commodities

Copper prices resume climb towards $10,000

  • Benchmark three-month copper on the London Metal Exchange (LME) had risen 1.2% to $9,939.50 per tonne.
  • "Over the next few years we are likely to see copper demand increase and that will support prices."
Published 04 May, 2021 05:20pm
Palm ends lower on higher Indonesian output forecast for 2021
Commodities

Palm ends lower on higher Indonesian output forecast for 2021

  • The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange ended down 19 ringgit, or 0.47%, at 4,042 ringgit ($981.07) a tonne, after rising 5% on Monday.
  • Indonesia's crude palm oil output is estimated at 48.4 million tonnes while crude palm kernel oil (CPKO) is expected to be at 7.29 million tonnes this year, IOPRI said.
Published 04 May, 2021 04:55pm
Paris wheat rises
Commodities

Paris wheat rises

HAMBURG: Euronext wheat futures rose on Monday as worsening corn harvest prospects in Brazil continued to support...
Published 04 May, 2021 04:26am
Gold prices up in Asia
Commodities

Gold prices up in Asia

SINGAPORE: Gold prices rose in Asian trade on Monday as a retreat in US Treasury yields and worries over surging...
Published 04 May, 2021 04:26am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as ...
Published 04 May, 2021 04:26am