Tag Archives: Commodities
Copper prices rise in the face of supply risks in Chilean mine
Copper prices poised for first weekly gain in six weeks, driven by supply concerns at the Escondida mine in Chile and positive US economic data. Learn more.
Soybeans fall as U.S. output hits record; ProFarmer tour in focus
Soybean futures on the Chicago Board of Trade (CBOT) experienced further declines on Friday, extending a trend that has seen the market endure three consecutive weeks of losses.
Wheat prices surge as the Russian attack on Ukraine raises supply concerns
Wheat prices surged nearly 2% after Russia’s missile strike on Ukraine’s Odesa port, with further support from lower wheat output in France. Explore market implications and short-term trader insights.
Soybeans hit a four-year low amid record U.S. crop forecast
Greater supply, when meeting a comparatively lower demand, typically leads to an expected drop in prices.
Copper prices dip with fear of U.S. recession
Copper prices fell as markets weighed ongoing economic uncertainties and awaited key demand outlook indicators. Copper dipped, reflecting cautious market sentiment.
Soybeans climb on bargain-buying support; corn and wheat also gain
Chicago soybeans gained 0.2%, reaching $10.20-1/4 a bushel as of 0025 GMT, marking their first rise in three sessions. Corn futures edged up by 0.1% to $4.01 a bushel, and wheat inched higher by 0.1% to $5.38-3/4 a bushel.
Corn, soybeans, and wheat face weekly losses with ample supply
Chicago corn and soybean futures experienced a modest rise on Friday but stayed close to their lowest levels since 2020. This trend points to a challenging week for these agricultural commodities, driven by favourable crop weather in the United States and an expectation of abundant supply.
Gold prices stay steady as optimism about U.S. rate cuts boosts the market
Key points Gold prices have shown resilience, holding their ground at $2,422.12 per ounce as of 0021 GMT. This follows Monday’s peak of $2,449.89 per ounce, the highest level since May 20. In the futures market, U.S. gold dipped by 0.1% to $2,425.60, reflecting a cautious yet optimistic sentiment among traders. See: Gold prices tradingContinue Reading
Wheat, corn, and soybeans steady after US crop conditions improve
Key points Chicago wheat, corn, and soybean futures showed a slight rise early on Thursday, stabilising after recent losses. This shift comes as the market digests favourable U.S. crop conditions, hinting at a balanced outlook for these key agricultural commodities. Wheat and corn recover slightly on better crop prospects See: Wheat shows slight recovery, tradingContinue Reading
Oil drops as US Gulf supply worries ease and China inflation weakens
Key points: Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted persistently weak consumer demand in top crude importer China. Picture: Oil prices decline as seen on the VT Markets app. Brent and WTI crude prices fall as US gulf supply concerns ease As of 0632 GMT, BrentContinue Reading
