Category: Commodity News

Commodity News

Orange Juice Futures Rose as Hurricane Ian Hit Florida

On Wednesday evening, Hurricane Ian landed in Florida, damaging 90.00% of the state’s citrus belt, pushing orange juice futures higher. The price of orange juice futures for November delivery closed in the green by rising

Commodity News

Crude oil rebounded higher following an eight-month low

In Monday’s early Asian session, crude oil slightly rebounded following an eight-month low last week, weighed down by a soaring greenback and investors’ worries over a globally rising interest rate that would spark a recession

Commodity News

Wheat futures hit 2-month high amid dry weather

On Friday, US wheat futures hit a fresh two-month high driven by the prolonged Russia-Ukraine war alongside the lingering dry weather conditions in Argentina and the United States. At the time of writing, the price

Commodity News

Crude oil prices dropped as Fed raised interest rate

On September 22, crude oil prices continued to decline for the second session following the Federal Reserve’s decision of an interest rate hike. In the early Asian trading session, the West Texas Intermediate futures plummeted

Commodity News

Russian wheat prices rose amid soaring demand

Prices of Russian wheat increased in the second week of September amid high demand, strong rouble currency, and worries about the extension of the Ukraine export deal. On September 19, officials said that Moscow’s wheat

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