Commodity News

grain price

Supply shortage boosts Grains prices for the fourth session

Grain prices continued to increase. Chicago soybean futures climbed for a fourth consecutive session on Wednesday. They are trading close to their highest level in more than five weeks. The most active soybean contract on the CBOT gained 0.5% to $14.14-1/2 a bushel. This rise is due to the shipping delays in Brazil, the world’s biggest exporter.  …

Supply shortage boosts Grains prices for the fourth session Read More »

cotton

The cotton market registers its largest increase since 

According to PREMIUM TIMES data, the volume of production and consumption of cotton in Nigeria rose. The hike was by at least 7.5% in 2020 after the figures dipped in 2019. In comparison, cotton production touched 1.8 million tonnes in 2006. Meanwhile, the commodity production reached 1.7 million tonnes. By 2014, both figures dropped to …

The cotton market registers its largest increase since  Read More »

gold

Shocking reversal of Gold from commodity leader to a laggard

After the biggest annual gain in a decade, gold entered 2021 with high expectations. However, the precious metal has seen the worst start in 30 years.  Bullion for immediate delivery kept declining on Friday. Meanwhile, futures touched a seven-month low.  Spot gold fell 0.4% to $1,768.53 an ounce at 8:37 am in Singapore and is …

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