Latest news with #CommodityMarket
Yahoo
28-07-2025
- Business
- Yahoo
Wheat Weakness Extending to New Week
Wheat futures are trending lower across the three markets on Monday morning. The complex held onto the weakness on Friday, with all three exchanges in the red. Chicago SRW futures were 2 to 3 1/4 cents lower on the day but pulled off the lows, as September was 8 cents lower last week. KC contracts were down 2 to 3 cents on Friday, with the weekly losses limited to 2 ½ cents for September. MPLS spring wheat posted just fractional losses, but managed a 10 ¾ cent loss since last Friday. Friday afternoon's Commitment of Traders report showed a total of 8,446 contracts trimmed from the spec fund net short position in CBT wheat futures and options as of July 22 to 52,041 contracts. In KC wheat, managed money was net short 43,959 contracts, a reduction of 4,043 contracts on the week. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! USDA's Export Sales data tallied 8.984 MMT of wheat sold so far for this marketing year. That is 39% of the USDA estimate and above the average sales pace of 37%. A South Korean importer purchased a total of 85,200 MT of wheat from the US on Friday morning. FranceAgriMer estimates the soft wheat harvest at 86% complete, up from 71% last week. Sep 25 CBOT Wheat closed at $5.38 1/4, down 3 1/4 cents, currently down 4 1/4 cents Dec 25 CBOT Wheat closed at $5.58 1/4, down 3 cents, currently down 4 3/4 cents Sep 25 KCBT Wheat closed at $5.26 1/2, down 2 cents, currently down 2 3/4 cents Dec 25 KCBT Wheat closed at $5.47 3/4, down 2 cents, currently down 3 cents Sep 25 MGEX Wheat closed at $5.85 3/4, down 3/4 cent, currently down 1 cent Dec 25 MGEX Wheat closed at $6.06, down 3/4 cent, currently down 1/2 cent On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23-07-2025
- Business
- Bloomberg
Sugar Drops on Signals India to Approve Exports in New Season
Sugar futures fell to a three-week low amid expectations that India, the world's second-largest grower, will allow shipments in the forthcoming season in a boost to global supply prospects. The most-active contract in New York dropped as much as 1.5%, to the lowest since July 3. Futures have eased about 4% this week weighed down by expectations of ample supplies from top growers Brazil, India and Thailand.
Mint
28-06-2025
- Business
- Mint
Gold price outlook: MCX gold rate may hit ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand
Gold prices on Multi Commodity Exchange (MCX) fell sharply on Friday, tracking losses in the global bullion market, as signs of easing geopolitical tensions in the Middle East with the Israel-Iran ceasefire holding up, and global trade optimism dampened safe-haven demand for the precious metal. MCX gold rate for August futures ended lower by ₹ 1,563, or 1.61%, at ₹ 95,524 per 10 grams. During the session, gold prices hit a low of 94,951, falling by ₹ 2,136, or 2.2%, from its previous close of ₹ 97,087. For the week, MCX gold price slumped 3.61%. MCX silver prices for September futures also declined. The white metal ended down by ₹ 1,468, or 1.36%, at ₹ 1,06,429 per kg. It touched a low of ₹ 1,05,380 during the session. In the international market, comex gold fell over 1.5% to trade below $3,270 per ounce, marking a second straight weekly loss and a nearly 3% decline for the week. 'The slide in gold prices comes as geopolitical risks ease and global trade optimism strengthens, dampening safe-haven appetite. A tentative ceasefire between Israel and Iran held firm, while US Commerce Secretary Howard Lutnick indicated trade frameworks with China and others are nearing completion — fueling risk-on sentiment in markets,' said Jigar Trivedi, Senior Research Analyst at Reliance Securities. Meanwhile, the US dollar dropped over 1.5% to below 97.3, its lowest since February 2022, weighed down by rising expectations of interest rate cuts following US Federal Reserve Chair Jerome Powell's dovish congressional testimony. Gold price next week will be influenced by a slew of factors, including economic data release in the US and European region. 'Key focal points for the coming week include, the progress in US trade talks ahead of the July 9 tariff decision deadline, the ECB Central Bank Forum, with comments expected from top officials including Chair Powell, and US macro data such as Nonfarm Payrolls, ISM Manufacturing & Services PMIs, and trade figures,' Trivedi noted. Gold price is expected to remain under pressure with a bearish bias, according to Jigar Trivedi. 'Comex gold has key support at $3,230 – $3,200 per ounce, while resistance is placed at $3,350 level. MCX gold price for August futures is expected to decline towards ₹ 94,800 – ₹ 94,000 per 10 grams as momentum remains weak,' Trivedi said. Read all Commodity Market news here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Yahoo
31-05-2025
- Business
- Yahoo
The Latest Global Commodities News
1544 ET - Gold futures finished May lower, with the front-month contract shedding 0.5% in that time and falling to $3,288.90 per troy ounce. This slide breaks a 4-month winning streak, thanks in part to a higher U.S. dollar index, which rose in the first-half of the month and weighed on gold prices. 1529 ET - After starting the day both higher, live cattle futures faltered -- dropping back 0.3% to $2.10 a pound for the day.
Express Tribune
22-02-2025
- Express Tribune
Flyers flout ban as kites take over Pindi skies
Kite enthusiasts in Rawalpindi ignored the strict ban and openly celebrated the Basant Festival on Friday. Despite warnings of 10-year imprisonment and fines of up to Rs5 million, the residents transformed the skies into a kaleidoscope of colours, engaging in intense aerial firing and firecracker celebrations for four hours. The police and Dolphin Force struggled to maintain control as kite flyers mocked the authorities, ignoring police patrols and announcements from mosques warning of arrests. Rooftops were filled with kite flyers, and the sound of "Bo-Kata" resonated throughout the city. Young motorcyclists rode with wires attached to their bikes to avoid metal strings while the police chased kite flyers across rooftops. The police briefly maintained control from 10am to 2pm on Friday, but kite flyers took to the rooftops after Friday prayers, dominating the skies until sunset. At 2pm after Friday prayers, the kite fliers came out on the roofs of houses and plazas and continued to fly for four and a half hours from 2pm to 6:30pm, rendering the police's efforts to curb the celebrations over the past 20 days futile. Despite the crackdown, Basant celebrations in Rawalpindi remained vibrant and defiant, with the residents determined to keep the festival's spirit alive. Police continue crackdown According to a police spokesman, the police teams remained busy in arresting kite flyers. Cases will be registered against the owners of the houses who used their rooftops for kite flying, he said, adding that they were identifying kite flyers through videos. Kite flying is a crime and action will be taken against those involved in this crime, said the spokesman. The police teams claimed to have arrested 115 kite flyers. Areas like Waris Khan, Bani, Ratta Amral, City, New Town, Saddar, and Ganj mandi became hubs of Basant celebrations. Women were also seen flying kites. The children of the police officers also kept fighting in the police quarters of Jhanda Chichi. Kalashnikov, Triple Two, Moser, and 30-bore pistols were fired heavily. Heavy firing from Kalashnikovs, TT pistols, and other weapons echoed across densely populated areas, including Bhabhra Bazaar, Shah Chirag, Mohalla Shah Nazar, Amirpura, Teli Mohalla, Commodity Market, Chah Sultan, Aria Mohalla, Saddar, Muslim Town, Dhok Khabba, Dhok Ilahi Bakhsh, Nadeem Colony, Javed Colony, Moti Bazaar, Purana Qila, Bani Mohalla, Kartarpura, Dhok Farman Ali, Glass Factory Road and Waris Kahn. JI distribute safety rods Under the auspices of Jamaat-e-Islami (JI) Youth, safety rods were distributed among motorcyclists to protect them from kite strings. JI District Deputy Chief Raza Ahmed Shah said that kite flying has become a deadly sport, causing hundreds of accidents. He urged citizens to boycott the game and parents need to play their roles in ending this bloody sport. JI Youth Rawalpindi District President Bilal Zahoor said that kite flying causes both life and financial losses. He stressed that kite flying complete eradication is the need of the hour. JI would continue to provide voluntary services to eliminate this life-threatening activity, he said. SP Rawal Muhammad Haseeb Raja, DSP Malik Rafaqat and others informed the public about the harms of kite flying.
