Category: Commodity News

Cocoa prices are at risk as dock workers continue their two-week-long strike, which blocked the cocoa supply. Although London cocoa reached a 2-year high, with New York cocoa posting a 5-month-nearest-futures high, the risk in

Oil prices drop for the third time on Wednesday amid worries about China’s COVID cases following a report of rising US crude stockpiles. West Texas Intermediate slumped 0.6% to $88.38 a barrel after falling for

Copper prices extended losses on Tuesday following China’s continued support towards its strict zero-COVID policy, while gold prices traded close to a one-month high as the dollar slipped on the possibility that the Federal Reserve

Gold prices edged lower on Monday as China’s continued implementation of strict measures to contain COVID-19 raised concerns over sluggish activity in the world’s second-largest economy and pushed the US dollar up. Spot gold slipped

Oil prices soared on Friday as the dollar lost some momentum, although gains remained limited on concerns over a recession and COVID-19 weighing on fuel demand in leading importer China. Global benchmark Brent crude futures

Oil prices were down to their lowest levels in three weeks on Thursday after China’s services sector underperformed in October, signaling further pressures on the top crude importer, while the demand outlook was weakened by

US soybean futures surged on Tuesday, finding support on short-covering due to less US harvest, optimism over Chinese export sales, and uncertainty on the availability of South American supplies. Chicago Board of Trade (CBOT) soybean

Oil prices climbed on Wednesday after US data showed less inventory build in the previous week, although gains were kept in check as markets await the Federal Reserve’s rate decision. Brent crude futures were up