Thu, May 09, 2024

Oil trading

Commodity Trading

Investors Pressure Commodity Markets to Record High Trade

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 …

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Corn prices decline as traders assess Ukraine crisis

Corn Planting in the US could be the 2nd-largest in History

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 …

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Chinese Yuan, Euro and Sterling fell against the U.S. dollar

Chinese Yuan, Euro and Sterling fell against the U.S. dollar

The U.S. dollar jumped on Monday after the week of declines, rallying against the other major currencies. The authorities tightened lockdowns to fight the pandemic, and investors are bracing for the prolonged crisis. The dollar fell during the last week due to the several measures employed by central banks and governments, which strengthened the other …

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Russia’s largest oil producer and main challenges

Russian Oil Giant Rosneft and the Economy of Venezuela

Venezuela, officially the Bolivarian Republic of Venezuela, has the largest proven oil reserves in the world. Nevertheless, the vast majority of the local population is struggling to meet ends meet. The country’s economy can be described as underperforming, to say the least, due to various factors. Recently, one of the main supporters of the local …

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Oil Inventory Report - Prices dropped amid US-China Trade Talks - Wibest Broker

Oil May Drop Below $20: U.S. Pressures to End the Price War 

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.  …

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Wibest – Grain Market: Soybeans

Soybean Prices Remain High, Despite an Increase of Supply

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 …

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