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Markets - Commodities - 2021-05-07
Soybeans, wheat up 10-15 cents, corn up 4-8 cents
Commodities

Soybeans, wheat up 10-15 cents, corn up 4-8 cents

  • Weak dollar supportive to wheat as well as forecasts for dry weather in northern US Plains.
  • Corn seen firming for seventh straight session, as no relief is forecast for dry Brazil growing areas. Strong export demand also supportive.
Published 07 May, 2021 06:51pm
Ukraine spring grain sowing 58pc complete
Commodities

Ukraine spring grain sowing 58pc complete

  • Farms have sown 2.4 million hectares of corn, 1.3 million hectares of barley, 226,400 hectares of peas, 172,200 hectares of wheat and 185,400 hectares of oats.
  • Generally favourable weather could help farmers to increase the grain crop to 75 million tonnes this year from 65 million in 2020.
Published 07 May, 2021 06:29pm
Asia Gold-Demand plunges in pandemic-battered India
Commodities

Asia Gold-Demand plunges in pandemic-battered India

  • Indian jewellers have also stopped making purchases- dealer.
  • India discounts widen to $3/oz versus $2/oz last week.
  • China, Japan return from holidays, but demand muted.
  • Hong Kong premiums at $0.8-$1.8/oz, Singapore at $1.5-$2.0.
Published 07 May, 2021 05:29pm
Copper hits record high on industry and speculative buying
Commodities

Copper hits record high on industry and speculative buying

  • Benchmark copper on the London Metal Exchange (LME) broke above the previous record high of $10,190 set in 2011 and had gained 2.3% to $10,325.
  • The most-traded June copper contract on the Shanghai Futures Exchange climbed as much as 2.7% to 74,950 yuan ($11,603) a tonne, its highest since May 2006 and only 1.6% below its record peak of 76,160 yuan.
Published 07 May, 2021 05:24pm
Gold gains in Europe
Commodities

Gold gains in Europe

AMSTERDAM/LONDON: Gold rose for a second straight session on Thursday after the dollar retreated, as investors...
Published 07 May, 2021 04:35am