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1149 days ago

Corn futures decline as US cuts supply outlook estimates

Corn futures for March delivery fell 1.3% to settle at $5.5625 a bushel on the Chicago Board of Trade after falling as much as 3.3% following the release of the World Agricultural Supply and Demand Estimates by the USDA. Earlier, the price reached $5.7425, the highest for a most-active contract since May 2013. - Bloomberg

#Commodities

1149 days ago

Gold demand boost from China could rise further

Retailer Luk Fook Holdings International Ltd. saw year-on-year same store sales sales growth of 11% at self-operated shops for its gold products in the quarter ended Dec. 31. It saw a similar rise in its licensed shops, which account for about 96% of total shops on the mainland. E-commerce business sales growth jumped 53%. - Bloomberg

#Commodities

1150 days ago

Oil rises-- Marathon Oil Corp up 13%

This was the stock's sixth consecutive day of gains. Marathon Oil Corp. closed $2.99 short of its 52-week high ($11.97), which the company reached on February 12th. The stock outperformed some of its competitors Monday, as Exxon Mobil Corp. XOM, +4.38% rose 4.30% to $52.10, Chevron Corp. CVX, +2.49% rose 2.49% to $91.48, and Royal Dutch Shell PLC ADR Cl A RDS.A, +2.80% rose 2.80% to $38.53. Trading volume eclipsed its 50-day average volume of 27.9 M. - WSJ

#Commodities

1150 days ago

Global market stock rally going smoothly

Global market stock rally went well as investors expect stimulus prospects as well as an impact from a rising inflation expectation with stocks at record highs. In the meantime, Futures remain flat, and bonds remain steady. Gold rises to $1,842 and Bitcoin reaches a new all-time high of $48,000. 

#Stocks #Bonds #Commodities
Global market stock rally going smoothly

1150 days ago

Bloomberg Commodity Index up to its highest level since Dec. 2018

Source: Investing.com

#Commodities
Bloomberg Commodity Index up to its highest level since Dec. 2018
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