Category: Commodity News

soybean
Commodity News

Soybeans Rose amid Heavy Rains in Brazil

On Tuesday, prices of Chicago Board of Trade (CBOT) soybeans went higher as harvest slowed in Brazil due to heavy rains. Soybean futures for March delivery increased by 0.28% to $1,526.25 per metric ton in

gasoline
Commodity News

Gasoline Declined due to Russian Diesel Ban

On Monday, gasoline prices lowered caused by low global energy demand as Europe banned Russian oil products. Gasoline futures for March delivery plummeted by -0.47% to $2.31 per gallon on February 06. The US Bureau

Copper
Commodity News

Copper Rose as Las Bambas Mine Faces Shut Down

On Friday, copper rose as the Chinese-owned Las Bambas mine stopped operations in Peru amid the arrest of former President Pedro Castillo. Copper contracts for March delivery increased by 0.79% to $4.12 per pound on

TMN - Wheat
Commodity News

Wheat Prices Drops as Canada’s Production Increases

On Wednesday, wheat futures lost ground as Canada’s production spiked on improved soil moisture conditions. At the time of writing, the price of the US wheat contract for March delivery plummeted by 0.21% to $760.40

gasoline
Commodity News

Diesel and Gasoline Prices to Rise in Pakistan

On Sunday, Pakistan’s Finance Ministry announced to lift diesel and gasoline prices by 35 rupees or $0.14 a liter. This decision came after the nation’s currency value dropped by 12.00% last week following the price