ICE Review :  Canola Holds to Narrow Range, Awaits USDA Reports

ICE Review : Canola Holds to Narrow Range, Awaits USDA Reports

WINNIPEG, Manitoba--Intercontinental Exchange canola futures closed mostly higher as trading bounced back and forth on either side of unchanged. Support for canola came from gains in European...
April 11, 2024 at 01:10 am IST
Can analysts out-predict USDA, Conab on Brazil crop forecasts? -Braun

Can analysts out-predict USDA, Conab on Brazil crop forecasts? -Braun

Market analysts once again seek a sizable cut to Brazil’s ongoing soybean harvest from the U.S. Department of Agriculture on Thursday despite disappointment over the agency’s relatively modest...
April 10, 2024 at 11:33 pm IST
Palladium prices still at record lows

Palladium prices still at record lows

Hopes of a rebound in the price of the precious metal have so far been dashed by the market.
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Smelter charges collapse as zinc mine supply falters:  Andy Home

Smelter charges collapse as zinc mine supply falters: Andy Home

Benchmark zinc smelter treatment charges have fallen sharply this year, attesting to a tightening of the mine supply chain. Canadian miner Teck Resources has agreed to pay Korea Zinc...
April 10, 2024 at 05:30 am IST
Smelter charges collapse as zinc mine supply falters:  Andy Home

Smelter charges collapse as zinc mine supply falters: Andy Home

Benchmark zinc smelter treatment charges have fallen sharply this year, attesting to a tightening of the mine supply chain. Canadian miner Teck Resources has agreed to pay Korea Zinc...
April 09, 2024 at 04:32 pm IST
Oil funds turn bullish as Mideast conflict intensifies:  Kemp

Oil funds turn bullish as Mideast conflict intensifies: Kemp

Portfolio investors are increasingly bullish about oil as Saudi Arabia and its OPEC allies restrict production in the face of rising demand and the shadow war between Israel and Iran spills into the...
April 09, 2024 at 06:31 am IST
Gold bulls eye more record highs despite lightning gains

Gold bulls eye more record highs despite lightning gains

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The...
April 05, 2024 at 04:32 pm IST
U.S. manufacturers emerge from slump, set to boost fuel use:  Kemp

U.S. manufacturers emerge from slump, set to boost fuel use: Kemp

U.S. manufacturers have finally pulled out of the long, shallow slump that started in the middle of 2022, which will support petroleum consumption especially for diesel and other middle distillates in...
April 04, 2024 at 09:56 pm IST
Wider bird flu spread raises concern for humans, animal health body says

Wider bird flu spread raises concern for humans, animal health body says

The spread of bird flu to an increasing number of species and its widening geographic reach have raised the risks of humans being infected by the virus, the head of the World Organisation for...
April 04, 2024 at 07:23 pm IST
Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss declined last year, but other indicators show that the world's woodlands remain under tremendous pressure, according to an analysis released on Thursday by the Global Forest...
April 04, 2024 at 09:39 am IST
OPEC+ gets oil price to its sweet spot, the trick is keeping it there:  Russell

OPEC+ gets oil price to its sweet spot, the trick is keeping it there: Russell

There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it. ...
April 04, 2024 at 05:30 am IST
ICE Weekly :  More Room to Upside for Canola

ICE Weekly : More Room to Upside for Canola

WINNIPEG, Manitoba--It was a tale of two halves for canola during the week ended Wednesday. After the May contract on the Intercontinental Exchange fell to its lowest level in two and a half...
April 04, 2024 at 01:48 am IST
BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks

BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks

Bank of America Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The...
April 03, 2024 at 04:18 pm IST
China PMI boosts sentiment, but commodity imports may have front-run:  Russell

China PMI boosts sentiment, but commodity imports may have front-run: Russell

The return of China's key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world's biggest buyer of natural resources...
April 03, 2024 at 09:57 am IST
Distillate futures see big outflow of speculative money:  Kemp

Distillate futures see big outflow of speculative money: Kemp

Portfolio investors have continued to realise profits on formerly bullish diesel positions and begun to turn bearish as supplies adjust to the disruption of trade through the Red Sea and a mixed...
April 03, 2024 at 06:30 am IST
Wet April outlook offers mixed benefits for US winter wheat, corn -Braun

Wet April outlook offers mixed benefits for US winter wheat, corn -Braun

U.S. winter wheat crop conditions have finally returned to more normal levels following two seasons marred with significant drought, boding well for harvest prospects. At the same time,...
April 03, 2024 at 12:44 am IST
Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to...
April 02, 2024 at 12:17 pm IST
US March LNG exports flat as Freeport plant woes continue

US March LNG exports flat as Freeport plant woes continue

U.S. exports of liquefied natural gas fell slightly in March to 7.61 million metric tons from 7.73 MT in February as production of the superchilled gas from the country's second largest...
April 01, 2024 at 11:50 pm IST
Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players...
March 25, 2024 at 11:30 am IST
Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Speculators last week covered short positions in Chicago-traded grains and oilseeds for a second consecutive week as futures continued climbing off recent multi-year lows. The collective...
March 25, 2024 at 02:30 am IST