Tag Archives: Commodities
Wheat and soybean retreat as supply issues loom
Key Points: This is a follow up article to: Wheat rises for the fifth consecutive day due to European production issues Wheat (Symbol: Wheat-C) and soybean (Symbol: Soybean-C) prices saw slight pullbacks after a speculative-driven short-covering rally lifted prices off their recent lows. Despite this breather, both contracts hovered near multi-week highs, with supply concernsContinue Reading
Wheat rises for the fifth consecutive day due to European production issues
Chicago wheat futures edged higher on Tuesday, marking the fifth consecutive day of gains. The driving force behind this rally is the poor production outlook in Europe, which has helped lift wheat prices from nearly four-year lows. -vtmarkets.com
Gold poised for monthly gain as market focuses on U.S. data
Gold prices (Symbol: XAUUSD) are showing resilience, poised to log their second consecutive monthly gain as market sentiment remains buoyant on the back of potential U.S. interest rate cuts. Spot gold was trading slightly lower at $2,517.91 per ounce, but it remained up by about 3% for the month of August 2024, signalling strong underlying support. -vtmarkets.com
Copper prices edge higher on Fed rate cut hopes
Copper prices (Symbol: Copper-C) climbed to $4.21 per pound, marking a crucial recovery and positioning the orange metal for its first monthly gain since May 2024, with a modest 0.5% increase so far in August 2024. -vtmarkets.com
Oil prices recover as Libya supply issues and demand concerns impact markets
Market participants, and the price action for crude oil, are caught between potential supply disruptions from geopolitical tensions in Libya and the Middle East and concerns over weakening global fuel demand. -vtmarkets.com
Soybean, corn and wheat prices under pressure from supply increase
Soybean prices dipped after reaching a two-week high, while corn and wheat also declined amid ample global supplies and changing weather conditions. Explore what this means for short-term traders. -vtmarkets.com
Soybeans and corn hit lows with bumper in U.S harvests
Soybeans and corn prices dropped on Monday following forecasts of bumper U.S. harvests. Explore the implications for the agricultural market and short-term trader strategies -vt
Week ahead: Core PCE data takes center stage
If the Core PCE Index comes in higher than expected, it could trigger a significant market reaction, as it would suggest that inflationary pressures are more persistent than previously thought.
Wheat prices remain under pressure with abundance in global supply
Wheat prices edge higher but remain near multi-year lows as abundant global supplies from the Black Sea region keep prices subdued. Explore market dynamics and short-term trading opportunities.
Soybean and corn prices rise on strong demand signals and crop tour insights
Key points: Soybean and corn futures on the Chicago Board of Trade (CBOT) ticked higher on Wednesday as signs of stronger demand and positive yield forecasts from the ongoing Pro Farmer crop tour lent support to prices. The most-active soybean contract rose 0.2% to $9.77-1/2 a bushel, while corn edged up 0.4% to $3.99-3/4 aContinue Reading
