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Archive

Markets - Commodities

Monday, May 31, 2021

Russian wheat export prices down with global benchmarks
Commodities

Russian wheat export prices down with global benchmarks

  • Prices for new-crop Russian wheat with 12.5% protein loading from Black Sea ports and for supply in the second half of July were at $256 a tonne free on board (FOB) at the end of last week, down $4 from the previous week, IKAR said.
  • IKAR and Sovecon forecast Russia's 2021 wheat crop at 79.5 million tonnes and 80.9 million tonnes respectively.
Published 31 May, 2021 06:43pm
Shanghai copper registers second monthly gain on supply concerns
Commodities

Shanghai copper registers second monthly gain on supply concerns

  • The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
  • The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.
Published 31 May, 2021 06:37pm
Palm oil signals mixed
Commodities

Palm oil signals mixed

  • However, a spinning top forming on May 28 around 4,026 ringgit suggests a possible shallow fall towards 3,938 ringgit.
Published 31 May, 2021 11:40am