The crop’s prices have raised their profits from 2020, rising almost 8% in the first two weeks of the year. But as prices trade at their most favorable levels in 2021, how much greater can soybean go over the next 12 months? March soybean futures fell $0.0875, or 0.62%, to $14.095 per bushel at …
SOYBEANS DELAY RALLY FOLLOWING USDA`S BULLISH WASDE REPORT Read More »
After small profit-taking, investors start to make new bets to begin 2021, expecting the red metal to exceed gold this year. March copper futures elevated $0.0495, or 1.39%, to $3.614 per pound at 16:13 GMT on Tuesday on the COMEX division of the New York Mercantile Exchange. Copper has sustained the drive from last …
COPPER INCREASES BY 1% WITHIN A LOWER U.S. DOLLAR Read More »
Gold is rallying principally on reiterated fiscal incentive and relief expectations, triggering inflation concerns. But a strengthening US dollar put a cover on the metals market. February gold futures rose $14.80, or 0.81%, to $1,850.10 per ounce at 15:55 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are coming …
U.S. West Texas Intermediate crude ended 1 cent higher at $52.25 per barrel. International benchmark Brent crude dropped 33 cents, or 0.6%, to end at $55.66 per barrel. Commerzbank analyst Eugen Weinberg stated that the repeated worries regarding demand due to too high numbers of new COVID-19 cases and additional mobility constraints, plus …
OIL PRICE ALMOST UNCHANGED AS PRODUCTION RESTRICTIONS Read More »
Notwithstanding the dark movement on Thursday, investors have resumed their bullish sentiment in natural gas between the colder weather prediction and growing foreign demand. Can natural gas retest $3 in the first quarter? February natural gas futures were bound up by $0.005, or 0.19%, to $2.689 per million British thermal units (BTU) at …
Saudi Arabia allowed a deliberate reduction of 1 million barrels per day in February and March to balance an improvement in output from Russia and Kazakhstan. The development will be comparatively mild — 75,000 BPD in February from both countries joined and added by 75,000 BPD in March. Market analysts are disputing, though, whether …
CRUDE OIL SOAR AFTER SAUDI ARABIA SETTLEMENT WITH RUSSIA Read More »
February West Texas Intermediate (WTI) crude oil futures rose $1.63, or 3.42%, to $49.24 per barrel at 13:44 GMT on Tuesday. US crude prices had a challenging start to 2021, slipping about 1%. Brent, the international benchmark for oil prices, is also rising in early trading. March Brent crude futures raised $1.66, or …
CRUDE OIL PRICES RISES AS OPEC+ WEIGHS OUTPUT REDUCTION Read More »
February gold futures rose $48.20, or 2.54%, to $1,943.30 per ounce, at 12:42 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are logged their most extensive yearly performance since 2010, graduating about last year. Silver, the sister commodity to gold, is also pinning on the first trading session …
The energy commodity has remained one of the top-performing assets this year, thanks to a mix of rising demand and simple drop-in production levels. But with a reduction of cooling temperatures in the US, could natural gas start 2021 in the red? February natural gas futures surged $0.056, or 2.31%, to $2.478 per …
Oil prices are coming under stress on news that Russia will be driving for a production tour at next month’s conference with the Organization of Petroleum Exporting Countries (OPEC) affiliates. With demand continuing to rise and output exacted to normalize in 2021 continuously, could crude’s drive fade? February West Texas Intermediate (WTI) crude futures fell …
This pointed to a greater risk appetite in the wider financial markets, reducing the dollar and making metal commodities more affordable for foreign investors. February gold futures climbed $13.20, or 0.7%, to $1,896.40 per ounce at 13:43 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are getting off a weekly …
Silver Soared On Inflation Woes, While Gold Retested $1,900 Read More »
Natural gas prices are also disappointed to take account of expectations for colder conditions, especially in Europe. The energy commodity has been trending in change territory since exceeding $3 last month, with many investors leaving hopes of a colder-than-normal winter. January natural gas futures dropped $0.191, or 6.87%, to $2.589 per million British thermal units …
Natural Gas Dropped By 7% Notwithstanding Supply Drawdown Read More »
Precious metals have been watching the state of the US COVID-19 fiscal stimulus and support package on the final trading day of the holiday-shortened week. As presently, it is a game of wait-and-see. February gold futures climbed 0.24%, or $4.50, to $1,882.60 per ounce at 17:38 GMT on Thursday on the New York Mercantile Exchange’s …
Energy prices also surged on news that the United Kingdom and the European Union struck a trade deal just days before the Brexit deadline. Supply disorders in Nigeria and France reestablishing its border to England between worries over a new strain of the COVID-19 added to higher crude prices. February West Texas Intermediate (WTI) crude …
Crop prices took another shot in the arm when the US government announced domestic inventories contracted amid expanding demand. How quickly could the agricultural commodity test $13? January soybean futures climbed $0.04, or 0.32%, to $12.515 per bushel at 17:52 GMT on Tuesday on the New York Mercantile Exchange. Soybean prices are on course for …
Soybeans Surpassed A Six-Year High On Strong Chinese Demand Read More »
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