May NY sugar futures settled down -0.26 or -2.49%. May London white sugar didn’t trade Monday because of the closedown for Easter Monday holiday. On Monday, NY rates dropped sharply to a one week low. The pressure on the commodity came after the announcement of Archer Consulting. According to it, Brazil 2020/21 output may jump …
Sugar closes at a one week low – Brazil increased its output Read More »
Saudi Aramco, the Saudi oil giant, decided to postpone the announcement of the price of crude exports in May. The Kingdom was seeking to obtain a commitment from global producers by coordinating the reduction of huge oil supplies. On Sunday, dealers were waiting for the announcement of the new prices for May. Usually, Aramco issues …
Saudi Aramco is likely to announce the prices of May crude Read More »
Despite collapsing prices and rising excess inventories, the market isn’t yet facing the crisis that devastated the industry in 2008. Among all base metals, aluminum seems to be the most affected by the Coronavirus pandemic. Orders from car-makers halted, and the stock remains stuck at high levels. The two-week shutdown was equal to about 240 …
Aluminum market is showing early signs of stress Read More »
Fear that the current crisis of lower demand and higher production drags oil prices further down. The price of Texas intermediate oil (WTI) slumped 7.5% on Tuesday. The barrel closed at $ 24.1 due to uncertainty in the energy markets regarding the possible cut in world production to stabilize prices. In addition, the barrel of …
The price of oil collapses before the OPEC meeting Read More »
Iran’s National Archives’ official statistics showed that since 2017, Iran’s gas production increased by only 2.85 %. It’s the lowest growth rate since 2012. Mehdi Jamshidi-Dana, a director of dispatching of the National Iranian Gas Company, announced that production of the commodity last year amounted to 267 billion cubic meters. The Company has stopped publishing …
Iran’s gas production rate declined to the lowest since 2012 Read More »
The price of soybeans on the Chicago Cereals Exchange (CBOT) registered gain on Monday. Still, Soymeal futures were down another $6.20 per ton in the May contract. May bean oil futures settled 40 points higher. The USDA’s Export Inspections report showed that the export of soybeans was down 28% for the week and is 66.5% …
Absence of Chinese Demand on Soybean Puts Pressure on Prices Read More »
Oil prices rose around the world after Trump announced that he expected the end of the dispute between Saudi Arabia and Russia. The announcement pushed prices to their lowest levels in 18 years. The US president tweeted that he expected and hoped the two parties would reach an agreement to cut supplies by 10 million …
Gold prices rebounded on Thursday despite a rise in the dollar as US yields rose. Moreover, gold has been unable to obtain refugee status, but its volatility remains high and will continue to generate volatile price action. After a larger-than-expected rise in US jobless claims, the riskiest assets unleashed. They doubled after the record levels …
Gold Up More than 1% on Unemployment Benefits in the US Read More »
Trading activity in China’s commodity markets is skyrocketing. Investors increasingly shield themselves from risk, pushing open interest and trading volumes in the futures markets to a record and multi-year levels in March. The Shanghai Futures Exchange (SHFE), known for its base metal contracts, observed an open interest volume in March at 7.3 million. Meanwhile, trading …
Investors Pressure Commodity Markets to Record High Trade Read More »
The United States Department of Agriculture (USDA) reported the first intentions for planting the new campaign in North America and the quarterly stocks. The stock data impacts in the short term are optimistic in corn and neutral in soybeans and wheat. In Chicago, soybeans closed with a rise of US $ 1.33 to the US …
Corn Planting in the US could be the 2nd-largest in History Read More »
Many experts in the economy can verify that the coronavirus pandemic has caused an excessive increase in free sales. Analysts argue that the situation shows how fragile today’s dollarized financial world is. The massive purchase of gold is a typical sign of panic. The coronavirus crisis has disrupted the forecasts of governments, companies, and investors …
Gold is Still An Active Refuge in the Times of A Crisis Read More »
The U.S. increased pressure on leading oil producers to change their supply strategy to prevent the oil price war. Market analysts predict that the blow on demand will result in a drop in prices below $20 per barrel in the second quarter of the year. Market pundits assume that the destruction in demand is inevitable. …
Oil May Drop Below $20: U.S. Pressures to End the Price War Read More »
On Thursday, the district administration of India provided a channel for the delivery of commodities to all households. Still, residents complained of low availability of food items and a steep rise in the prices of products. The affected population resides in the surrounding area of Chhoti Nadi and Bari Nadi. Many families in these areas …
Residents of India Fume as Prices of Food Commodities Rise Read More »
Soybean futures in Chicago show high volatility. In May soybean futures settled 5¼¢ lower at $8.81¼. In July soybean futures closed 2¾¢ higher at $8.84¾.l Diverse factors have influenced the soybean market. The main reason for the pressure of the prices is the coronavirus, which reduced demand from China. Now the outbreak is suspending ports …
Soybean Prices Remain High, Despite an Increase of Supply Read More »
The price of oil rose modestly on Tuesday, March 24. Still, they closed far from their highs of the day. The future of the benchmark Brent gained 12 cents, or 0.4 %, to $ 27.15 a barrel. While those of the West Texas Intermediate ( WTI ) in the United States rose 65 cents, or …
Oil: WTI and Brent Prices Closed with moderate Gains Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
