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Palm Oil Weighed by Weak Exports, India Bottleneck
Commodities
Palm Oil Weighed by Weak Exports, India Bottleneck
Malaysian palm oil futures remained subdued, trading near MYR 4,960 per tonne, pressured by a stronger ringgit and weaker edible oil prices in the Dalian and Chicago markets. Meanwhile, exports remained sluggish, with cargo surveyors estimating August palm oil shipments fell between 6.5% and 14.9% from July, while inventories climbed to a five-month high in […]
by Currency Hedger
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- 1 week ago
Commodities
Cattle Rally Out of Labor Day Weekend
Live cattle futures closed the Tuesday session with contracts $2.37 to $4.50 gains across most contracts at the close. Cash trade saw light action last week with sales ranging from 218-220, with a few up to $222. Feeder cattle futures rounded out the Tuesday session with contracts $4.05 to $5.72 higher. The CME Feeder Cattle […]
by Currency Hedger
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- 1 week ago
Commodities
Arabica Coffee Prices Fall on Increased Supplies from Brazil
December arabica coffee (KCZ26) closed down -4.30 (-1.45%) on Tuesday, and November ICE robusta coffee (RMX26) closed up +53 (+1.56%). Coffee prices settled mixed on Tuesday, with arabica falling to a 2-month low. Ramped-up coffee exports from Brazil weighed on arabica prices Tuesday after Brazil’s Trade Ministry reported Brazil’s Aug coffee exports rose +44.6% y/y […]
by Currency Hedger
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- 1 week ago
Commodities
Easing Supply Concerns Weigh on Cocoa Prices
December ICE NY cocoa (CCZ26) closed down -275 (-4.44%) on Tuesday, and December ICE London cocoa #7 (CAZ26) closed down -224 (-4.96%). Cocoa prices sank to 2-week lows on Tuesday and settled sharply lower as cocoa supply concerns ease. Last Wednesday, Barry Callebaut AG, the world’s biggest cocoa processor, said the global cocoa market is […]
by Currency Hedger
- 0 Comments
- 1 week ago
Commodities
NY Sugar Prices Recover as Thailand’s Sugar Output Set to Decline
October NY world sugar #11 (SBV26) closed up +0.03 (+0.17%) on Tuesday, and October London ICE white sugar #5 (SWV26) closed down -7.20 (-1.37%). Sugar prices settled mixed on Tuesday. NY sugar recovered early losses and posted modest gains amid forecasts for lower sugar production in Thailand, the world’s second-largest sugar exporter. On Monday, the […]
by Currency Hedger
- 0 Comments
- 1 week ago
Commodities
Cotton Posts Mixed Trade
Cotton futures were mixed on Tuesday, with contracts closing 22 points higher to 26 points lower. Crude oil was back up $2.77 per barrel on the day, with the US dollar index slipping $0.335. Weekly Crop Progress data showed 40% of the US cotton crop with bolls opening as of Sunday, with 7% of the […]
by Currency Hedger
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- 1 week ago
Commodities
Wheat Post Gains Following Peace Talks
The wheat complex came out of the long weekend with gains across the board. Chicago SRW contracts were 6 ¼ to 14 ¼ cents higher at the close. KC HRW futures posted gains of 4 to 18 cents on Tuesday. MPLS spring wheat saw strength of 8 ½ to 11 cents to close out the […]
by Currency Hedger
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- 1 week ago
Commodities
Corn Faces Weakness
Corn futures posted losses of 1 to 3 ¼ cents across most front months on Tuesday. The CmdtyView national average Cash Corn price was down 3 3/4 cents at $4.87 3/4. This week’s Crop Progress report showed 76% of the US corn crop dented as of September 6, with 25% listed as mature and harvest at 5% […]
by Currency Hedger
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- 1 week ago
Commodities
Soybeans Come Out of Labor Day with Gains
Soybeans closed the day with contracts 6 ½ to 10 cent gains across the board on Tuesday. The cmdtyView national average Cash Bean price was up 6 1/2 cents at $12.57 1/4. Soymeal futures were down $1.50 to $5.30 at the close, with Soy Oil 94 to 155 points higher. There were no deliveries against September soybean futures overnight, with 106 […]
by Currency Hedger
- 0 Comments
- 1 week ago
Energies, Institutional
Brent Crude Nearing $100
Tanker attacks, the Strait of Hormuz dispute, and record US fuel prices fuel the next wave of the energy crisis. Oil prices on global exchanges are surging, with the valuation of a barrel of Brent dangerously approaching the $100 mark, reaching over $98. The American benchmark, WTI crude, is climbing above $93. The main driver […]
by Currency Hedger
- 0 Comments
- 2 weeks ago