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Tag Archives: Commodities

Chicago wheat set for biggest weekly gain in a month on global crop concerns 

Key points:  Chicago wheat prices gained more ground on Friday, poised for their largest weekly rise in a month, driven by concerns over crop losses in the Black Sea region and other key exporting countries. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.4% to $7.01 a bushel, taking the weeklyContinue Reading


Oil poised for weekly gain on rising demand

Key points: Oil prices increased on Friday, with global benchmark Brent set for its first weekly gain in three weeks due to signs of improving demand from key consumers China and the United States. Picture: Oil prices on the rise as seen on VT Markets app. Brent and WTI crude futures edge higher Brent crudeContinue Reading


Corn and soybean prices on the rise before USDA report

Key points The most-active wheat contract on the Chicago Board of Trade (CBOT) rose to $6.39-2/8 a bushel early Friday, indicating a positive start to the day. Investors might expect further price stability or slight increases as market sentiment holds firm ahead of the USDA report. Picture: Wheat prices on the rise as seen onContinue Reading


How the Federal Reserve can influence your next latte 

Interest rates matter more than you think. Learn how the Fed’s policies can affect commodity prices. Imagine starting your day with a warm, inviting latte. As you savor the rich aroma and creamy texture, you’re unwittingly experiencing the end result of complex global forces at play.  But what exactly is in a cup of joe?Continue Reading


China sees swings on iron and steel

Key Points: On Thursday, iron ore and steel product prices in China experienced a decline, primarily influenced by reduced demand following the Labour Day holiday. Iron sees decline in May The most-traded September iron ore on China’s Dalian Commodity Exchange was down by 0.6%, trading at 874.50 yuan ($121.06) per metric tonne. In contrast, theContinue Reading


Increased farmer sales are easing bids for soybeans and corn

Key points Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast showed a slight decline on Wednesday. This shift reflects the increased sales by farmers, effectively boosting the supply in the market. raders have observed that after a spike in futures prices on the Chicago Board of Trade for cornContinue Reading


Oil prices climb on Gaza tensions and Saudi price hike

Key points: Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while U.S. West Texas Intermediate crude futures were at $78.64 a barrel, up 53 cents, or 0.7%. Last week, both futures contracts posted their steepest weekly loss in three months with Brent falling more than 7% and WTIContinue Reading


MARKETS TODAY: Asian stocks climb, Yen continues descent

Key Points: Asian stocks reached their highest levels in more than a year this Monday, driven by growing expectations that the U.S. Federal Reserve might reduce interest rates later this year. Although trading volumes were lower due to a holiday in Japan, the positive mood has seemingly spread across other major Asian markets. Asian marketContinue Reading


Oil stabilises, set for weekly fall on US economy concerns

Oil prices are rising today as OPEC+ members discuss possibly extending their supply cuts. Despite this upward movement, Brent and West Texas Intermediate (WTI) crude are set to end the week with losses, influenced by U.S. economic uncertainties and minimal impact on oil supplies from the ongoing Israel-Hamas conflict. Picture: Oil prices rising as seenContinue Reading


London Metal Prices See Gain; Softer Dollar More Attractive

2nd May 2024 – In this latest trading session, non-ferrous metals on the London Metal Exchange witnessed varying degrees of price increases, primarily driven by a dip in the U.S. dollar. This depreciation has made metals priced in dollars more affordable for holders of other currencies. Copper, a major indicator of economic health, rose byContinue Reading