The European Commission on Thursday raised its projected wheat production for the 27 EU member states to 126.2 million tonnes by 2021/22. This was 6.5% more than the 2020/21 crop of 117.2 million tonnes, as shown by the Commission’s monthly supply and demand data. The EU Commission on General Wheat or Soft Wheat Exports remained…
The Chicago-based research firm AgResource noted that the agricultural future of CBOT was flat as the agricultural market reacted to the rapid expansion of consumer demand. Fallen U.S. AgResource is positive for the agricultural futures amid dollar and strong consumer demand, suggesting that any early weekly correction offers a new buying opportunity. Spot CPOD corn…
China has agreed to trade crude oil and palm oil options on the Shanghai International Energy Exchange and the Dalian Commodity Exchange, respectively, its bond regulator said Friday, adding some products that are open to foreign participants in the trade. Crude oil options will start trading on June 21 and palm oil options on June…
Gold rose in Asia on Monday morning against a weaker dollar and lower bond yields after China, the world’s largest gold consumer, released key economic data. The future is up 0.15% to $ 1,908.25 and is above $ 1,900. The gold deal was agreed on May 30 and August 21. The dollar, which normally moves…
Oil prices rose in Asian trade on Monday on the bright outlook for fuel demand growth over the next quarter, while investors looked forward to the OPEC + meeting this week to see how manufacturers will respond. Brent crude futures for August were up 50 cents, or 0.7%, at $ 69.22 a barrel, the highest…
Chinese steel and iron ore prices fell on Wednesday after Shanghai futures pledged “extraordinary deals”, citing the government’s earlier efforts to stimulate commodity inflation through warnings. Shanghai Construction Steel Rehabilitation SRBCV1 Day Trading ended 6% lower at 4,667 Yuan (29 729.79), hitting its lowest level since March 24, hitting 4,661 Yuan previously. The hot-rolled coil…
Gold fell in Asia on Thursday morning after a four-and-a-half month high in the previous session, with investors expecting the U.S. to release key economic data later in the day. Gold futures are down 0.04% at 9,900.50. The dollar, which normally moves against gold, rose on Thursday. U.S. Treasury yields rose to 1.58%. Although central…
Gold rose in Asia on Wednesday morning as signs of inflationary pressures wiped out its 2021 losses, leaving investors worried. The Federal Reserve promised a monetary policy perspective to investors. The gold futures rose 0.48% to $ 1,907.10, surpassing $ 1,900, gaining eight points in the last nine sessions. The dollar, which usually moves in…
Oil fell on Wednesday on concerns that the withdrawal of Iranian supplies would exceed expectations for improving U.S. fuel demand, which was strengthened by the fall in weekly inventory ratings. Brent crude oil futures for July were down 6 cents, or 0.1%, at $ 68.59 a barrel at 0434 GMT, while US dollars for July…
Russia’s export prices for summer new wheat fell last week following falling global standards in Chicago and Paris, IKAR Agricultural Consultancy said in a statement on Monday. Russia, one of the world’s largest wheat exporters, usually begins harvesting in late June-early July. Although a small crop, its Ministry of Agriculture said last week that it…
