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Jun 06, 2020 PRINT EDITION
Markets
CBOT corn may rise towards $3.32-1/4

CBOT corn may rise towards $3.32-1/4

  • The resistance is identified as the 86.4pc projection level of an upward wave C from $3.16, which is capable of travelling to or above $3.32-1/4.
  • Support is at $3.28-1/4, a break below which could cause a fall to $3.26.
Published Jun 05, 2020 05:25pm
Markets
French soft wheat crop rating stable at nine-year low

French soft wheat crop rating stable at nine-year low

  • That was down from 80pc a year earlier and the lowest score for the time of year since 2011, when France experienced a severe spring drought.
  • FranceAgriMer's good/excellent score for winter barley was stable at 52pc, while the spring barley rating f
Published Jun 05, 2020 03:27pm
Markets
Malaysia exempts palm oil from export duty

Malaysia exempts palm oil from export duty

  • The world's second largest producer and exporter of the edible oil had already lowered its export duty in crude palm oil to 0% this month.
  • Prime Minister Muhyiddin Yassin on Friday said crude palm oil, crude palm kernel oil and processed palm kernel
Published Jun 05, 2020 03:12pm
Markets
Gold eases as risk appetite grows; focus on US jobs data

Gold eases as risk appetite grows; focus on US jobs data

  • Spot gold was down 0.2pc to $1,707.70 per ounce at 0928 GMT. US gold futures were down 0.8pc to $1,713.40.
  • The ECB approved a bigger-than-expected expansion of its stimulus package on Thursday, which added to investors confidence to buy riskier asse
Published Jun 05, 2020 02:56pm
Markets

PMEX daily trading report

KARACHI: On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,240.

The traded...

Published Jun 05, 2020 03:07am
Markets

Cotton futures drop

NEW YORK: ICE cotton futures fell on Thursday on a weekly federal export report that showed large cancellations,...

Published Jun 05, 2020 03:07am
Markets

Palm oil ends lower

KUALA LUMPUR: Malaysian palm oil futures closed 3% lower on Thursday, as investors booked profits after two days of...

Published Jun 05, 2020 03:07am
Markets

Copper inches higher

LONDON: Copper prices rose on Thursday towards 2-1/2 month highs reached in the previous session as the European...

Published Jun 05, 2020 03:07am
Markets

Tokyo rubber falls

TOKYO: Tokyo Commodity Exchange (TOCOM) rubber futures fell on Thursday after three straight sessions of gains,...

Published Jun 05, 2020 03:07am
Markets

Gold moves up in Asia

SINGAPORE: Gold prices ticked up on Thursday, after a rally in equity markets in the previous session on tentative...

Published Jun 05, 2020 03:07am
Markets

Gold rises in Europe

LONDON: Gold rose more than 1% on Thursday as the dollar retreated and Wall Street paused its recent rally as dismal...

Published Jun 05, 2020 03:07am
Markets

US MIDDAY: Gold gains

NEW YORK: Gold rose more than 1% on Thursday as the dollar retreated and Wall Street paused its recent rally as...

Published Jun 05, 2020 03:07am
Markets

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 4, 2020)....

Published Jun 05, 2020 03:07am
Markets
CBOT wheat ends higher on weaker dollar, US Plains dryness

CBOT wheat ends higher on weaker dollar, US Plains dryness

  • The dollar index has declined for the past two weeks as risk sentiment improves.
  • Firming cash prices for milling wheat from the Black Sea region helped support CBOT wheat.
  • K.C. July hard red winter wheat ended up 14-1/2 cents at $4.72-1/4 a bushel a
Published Jun 05, 2020 02:26am
Markets
Raw sugar touches new 2-1/2-month peak, white sugar surges

Raw sugar touches new 2-1/2-month peak, white sugar surges

  • White sugar prices surged, with the front month trading almost $20 per tonne higher than the second month.
  • July arabica coffee settled down 0.95 cents, or 1.0%, at 98.15 cents per lb.
  • July New York cocoa settled up $1, or 0.0%, to $2,396 a tonne.
Published Jun 05, 2020 02:05am
Markets
EU wheat rallies with Chicago as harvest risks weighed

EU wheat rallies with Chicago as harvest risks weighed

  • September milling wheat on Paris-based Euronext settled 2.75 euros, or 1.5%.
  • US wheat futures rose sharply as a weaker dollar provided further support.
  • Rising Russian export prices, fuelled by harvest concerns and firm domestic prices, were also con
Published Jun 05, 2020 12:01am
Markets
Gold gains 1pc as Wall Street rally fizzles, dollar dips

Gold gains 1pc as Wall Street rally fizzles, dollar dips

  • Spot gold rose 0.5pc to $1,706.05 per ounce at 10:56 a.m. ET, recovering from a slide to a near one-month low of $1,688.89 in the last session. US gold futures were up 0.4pc at $1,710.90.
  • The dollar also held near its lowest in about three months, m
Published Jun 04, 2020 08:37pm
Markets
CBOT wheat may test resistance zone of $5.19-3/4 to $5.20-3/4

CBOT wheat may test resistance zone of $5.19-3/4 to $5.20-3/4

  • The contract seems to be consolidating within a wedge, which consists of five small waves and is regarded as a bearish continuation pattern.
  • Support is at $5.12-3/4, the 38.2pc projection level of an uptrend from $5.01-1/2, a break below which could
Published Jun 04, 2020 06:11pm