The offshore yuan strengthened to around 6.69 per US dollar on Friday, extending gains from the previous session and reaching its strongest level since July 2022 as increasingly firm daily yuan fixings from the People’s Bank of China continued to support the currency. The PBOC set its daily midpoint at 6.7521 per dollar, stronger than […]
The Indian rupee rebounded to around 95.7 per US dollar on Friday, recovering from seven-week lows as easing crude oil prices, expected foreign portfolio inflows linked to the $2.3 billion National Stock Exchange IPO, and likely intervention from the Reserve Bank of India helped support the currency. The rupee’s recovery comes despite continued pressure from […]
Copper futures held above $6.55 per pound on Friday, extending a three-session winning streak as stronger signals from China helped offset concerns about rising exchange inventories and ample near-term availability. The latest move higher has been driven by a combination of stronger Chinese physical demand, long-term consumption expectations from data centers and renewable-energy infrastructure, and […]
Coffee futures extended their weekly losses on Thursday as the market continued to price in the prospect of abundant global coffee supplies, with December arabica falling to a 2.5-month low. December ICE Arabica Coffee closed at -5.05 points, or -1.79%, while November ICE Robusta Coffee fell -39 points, or -1.14%. The bearish pressure has intensified […]
Cocoa futures fell sharply on Thursday, with New York cocoa dropping more than 3% and London cocoa nearly 3% as traders focused on improving near-term supplies, rising Ivory Coast production and elevated ICE inventories. The sell-off comes despite significant longer-term concerns over West African crop quality, Ghanaian production and potential El Niño-related supply disruptions. December […]
Sugar futures tumbled to three-week lows on Thursday, with NY sugar falling more than 3% and London white sugar dropping nearly 3% as weak physical demand triggered long liquidation. The sell-off comes despite growing forecasts for a global sugar deficit in 2026/27 and mounting production risks across Brazil, India and Thailand. October NY World Sugar […]
Cotton futures fell sharply across the board on Thursday, with front-month contracts losing more than 200 points as weak new-crop export sales, lower benchmark prices and a decline in crude oil added pressure to the market. Cotton futures posted losses across the board, with front-month contracts declining between 179 and 219 points. Crude oil fell […]
Today Markets Analysis Live cattle futures fell sharply on Thursday, while feeder cattle also posted substantial losses as traders reacted to the planned reopening of the Santa Teresa, New Mexico border crossing and positioned ahead of Friday’s USDA Cattle on Feed report. Live cattle futures declined between $2.80 and $3.95, while feeder cattle futures dropped […]
Today Markets Analysis Wheat futures remained under pressure on Thursday, with all three major U.S. wheat markets closing lower as export demand remained below last year’s levels and traders assessed changing risks around Black Sea supplies. Chicago SRW wheat futures fell between 3¾ and 6¾ cents, while KC HRW contracts declined 5 to 8½ cents. […]
Today Markets Analysis Corn futures moved lower on Thursday, with prices falling between 1 and 4¾ cents as weaker U.S. export demand, lower crude oil prices and the approaching harvest placed pressure on the market. December 2026 corn futures closed at approximately $5.30½ per bushel, down 3¾ cents, while March 2027 corn fell 4¼ cents […]