News Archives for Markets - 2021-06-15

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Commodities

Fed taper talk fears keep gold locked in tight range

May US retail sales fall, producer prices rise 0.8%.
Fed to announce QE taper in August or September –poll.
Fading ETF purchases will limit gold demand rise -Metals Focus.

Published 15 Jun, 2021 09:06pm

Commodities

Copper hits 7-week low as funds, traders cut long positions

"The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.

Published 15 Jun, 2021 09:03pm

Commodities

Arabica coffee prices weaken, raw sugar rises

September arabica coffee fell by 0.7 cents, or 0.45%, to $1.555 per lb.
September robusta coffee rose by $3, or 0.2%, to $1,599 a tonne.

Updated 15 Jun, 2021 06:54pm

Commodities

Gold holds tight range as markets await Fed cues

May US retail sales data due at 1230 GMT.
Fed to announce QE taper in Aug or Sept –poll.
Platinum, silver shed nearly 1%, palladium ticks up.

Published 15 Jun, 2021 05:39pm

Commodities

Palm gains more than 6pc on bargain-hunting, soyoil strength

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 6.2% higher at 3,583 ringgit ($870.72) a tonne.
CBOT soybean futures reversed previous losses, with its soyoil contract rising 1.3%.

Updated 15 Jun, 2021 05:30pm

Commodities

Philippines tenders for 205,000 milling wheat, feed wheat

Deadline for price submissions is also Tuesday, June 15, they said.

Published 15 Jun, 2021 02:26pm

Commodities

CBOT wheat may retest support at $6.58

The current drop is highly likely to extend to $5.92-1/4, the bottom of the wave B.

Published 15 Jun, 2021 01:23pm

Commodities

NY coffee may retest support at $1.5165

The bounce triggered by the support at $1.5165 is classified as a pullback towards the rising trendline. It may end around $1.5645.

Published 15 Jun, 2021 01:14pm

Commodities

CBOT soybeans may bounce into $14.87-1/4 to $15.13-1/4 range

Based on the projection analysis, the contract is supposed to fall to $14.19-1/2.

Published 15 Jun, 2021 12:53pm

Commodities

Corn ticks up as US reports crop condition below expectations

The US winter wheat harvest is off to a slow start. The USDA said 4% of the crop had been cut by Sunday, compared with analyst estimates of 10%.

Published 15 Jun, 2021 11:38am

Commodities

Palm oil may extend loss to 3,195 ringgit

The contract may directly test the resistance zone of 3,447-3,506, if it opens flat. On the daily chart, the drop is against the uptrend from 1,939 ringgit.

Published 15 Jun, 2021 11:34am

Commodities

Copper prices hit 7-week low as traders brace for China curbs

Both copper contracts hit their record highs in May.

Published 15 Jun, 2021 11:05am

Commodities

US MIDDAY: Corn and soyabeans drop

CHICAGO: US corn futures fell by about 4% on Monday on a mix of technical selling and forecasts for improving ...