Agriculture
Higher cotton pricesThe slowdown in yarn demand comes at a time when cotton prices have gained nearly 13 per cent since the beginning of the year. Ginning factories in Gujarat have ended their operations and they are happy getting higher prices for cottonseed derived by processing raw cotton into lint, Poppat said. “These deliveries are pending,” said Poppat.Ganatra said the closure of ginning factories across the country has forced cotton growers to wait to sell their produce.
It cut rates of cotton produced last year by ₹1,100 a candy. In Gujarat, India’s largest cotton producer, prices at terminal agricultural markets have dropped to below minimum support price level of ₹5,515 a quintal. Export benchmark Shankar-6 cotton was quoted at ₹45,800-46,200 a candy on Monday, according to Gujarat Cotton Trading Association. Corn was reported at 1,951,012 tons, which was 391,745 tons higher than last week and 872,224 higher than a year ago. Well into the back half of the marketing year, corn inspections are 41,232,631 versus 22,426,554 a year ago.
Though over 90 per cent of the cotton produced this year has been sold, there are still farmers who are holding their produce. On Monday, cotton prices rose on dry weather in key growing regions and higher-than-expected demand.
It cut rates of cotton produced last year by ₹1,100 a candy. In Gujarat, India’s largest cotton producer, prices at terminal agricultural markets have dropped to below minimum support price level of ₹5,515 a quintal. Export benchmark Shankar-6 cotton was quoted at ₹45,800-46,200 a candy on Monday, according to Gujarat Cotton Trading Association. Corn was reported at 1,951,012 tons, which was 391,745 tons higher than last week and 872,224 higher than a year ago. Well into the back half of the marketing year, corn inspections are 41,232,631 versus 22,426,554 a year ago.
Though over 90 per cent of the cotton produced this year has been sold, there are still farmers who are holding their produce. On Monday, cotton prices rose on dry weather in key growing regions and higher-than-expected demand.
Currencies
The euro is being used to buy into the Canadian dollar, the yen, the Australian dollar and the US dollar. Most of the slump in dollar use came from Russia s trade with China, more than three-quarters of which is now conducted in euros, according to central bank data. Growth is held back by euro crosses and overall strength in the dollar. The weaker dollar and firmer rates appear to be weighing on gold, which was turned back from $1800 last week. Gold and oil remain bid as the US dollar has a hard time bouncing from its recent lows.
So that we can get a dollar figure, let’s value the time savings at $10 per hour, which is conservative. Every dollar extended has been returned, as was the case with swaps conducted in the aftermath of the global financial crisis. less Short-covering ahead of the FOMC’s outcome tomorrow appears to be lending the US dollar support today. First, the reason for the current rise of the dollar stems from higher . If retail sales rise over 4.0%, then the Canadian dollar is likely to rise against the GBP, EUR, and JPY.”
So that we can get a dollar figure, let’s value the time savings at $10 per hour, which is conservative. Every dollar extended has been returned, as was the case with swaps conducted in the aftermath of the global financial crisis. less Short-covering ahead of the FOMC’s outcome tomorrow appears to be lending the US dollar support today. First, the reason for the current rise of the dollar stems from higher . If retail sales rise over 4.0%, then the Canadian dollar is likely to rise against the GBP, EUR, and JPY.”
Metals
Gold prices for the latest contract on MCX are trading on a flat note today at Rs 47,460 per 10 grams. Gold, silver, and mining stocks did next to nothing yesterday, and practically everything that I wrote previously remains up-to-date. Gold miners didn‘t outperform the yellow metal yesterday while silver did – are the ingredients for a metals‘ top in place? Investors, on balance, remain bullish about the prospects for a global recovery as can be seen from the price of copper nearing record highs.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. Captive oxygen plants are designed to produce mainly gaseous products of oxygen, nitrogen and argon, which are then processed further in the plant.Last week, Jindal Steel’s Managing Director V.R. Other mills, including Tata Steel Ltd. and Jindal Steel & Power Ltd., have also been supplying oxygen for medical purposes in the past few weeks.
Steel plants require gaseous oxygen, primarily for enrichment in blast furnaces, apart from general purposes like lancing and gas cutting. The fact is that there is a shortage of retail silver products, such as coins and small minted bars.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. Captive oxygen plants are designed to produce mainly gaseous products of oxygen, nitrogen and argon, which are then processed further in the plant.Last week, Jindal Steel’s Managing Director V.R. Other mills, including Tata Steel Ltd. and Jindal Steel & Power Ltd., have also been supplying oxygen for medical purposes in the past few weeks.
Steel plants require gaseous oxygen, primarily for enrichment in blast furnaces, apart from general purposes like lancing and gas cutting. The fact is that there is a shortage of retail silver products, such as coins and small minted bars.
Oil
Analysts said raising of bets by participants in the market kept crude oil prices from completely tanking and prices did recover later in yesterday’s trading session. The London-based oil major doesn’t disclose trading results, but its quarterly earnings suggest the gas and power unit “easily topped $1 billion,” according to Citigroup Inc. analyst Alastair Syme. The volatility in crude oil and gasoline prices has been clearly reflected in recent years in both the Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE).
Exxon Accused by Activist Firm of Distorting Emissions Targets The investor accused the oil giant of obscuring the trajectory of its greenhouse gas emissions through disingenuous reduction targets.
Prior week export volumes received an 80,000 MT boost when two Medium tankers discharged Iraqi fuel oil. Saudi Arabia did not register any fuel oil exports for a third straight week. Qatar loaded its first fuel oil cargo since early March. Denmark stopped giving new licenses for oil and gas exploration in the North Sea and will end production by 2050.
In the overnight electronic session, the June Crude Oil is currently trading at 6244 which is 53 points higher. However, Refinitiv ship tracking data shows an uptick in fuel oil loading activity through the assessment period.
Exxon Accused by Activist Firm of Distorting Emissions Targets The investor accused the oil giant of obscuring the trajectory of its greenhouse gas emissions through disingenuous reduction targets.
Prior week export volumes received an 80,000 MT boost when two Medium tankers discharged Iraqi fuel oil. Saudi Arabia did not register any fuel oil exports for a third straight week. Qatar loaded its first fuel oil cargo since early March. Denmark stopped giving new licenses for oil and gas exploration in the North Sea and will end production by 2050.
In the overnight electronic session, the June Crude Oil is currently trading at 6244 which is 53 points higher. However, Refinitiv ship tracking data shows an uptick in fuel oil loading activity through the assessment period.
United States
Tesla’s total revenue of $10.39 billion jumped 74% year over year, beating Wall Street expectations of $10.29 billion. PIMCO Markets mixedIt’s another day of muted moves on global stock gauges so far, with investors digesting earnings ahead of tomorrow’s Fed decision. Wall Street futures were little changed as investors awaited a raft of earnings from top companies including Alphabet, Microsoft and Starbucks later in the day. Investors and speculators have been wary ahead of the Fed’s monetary policy meeting this week.
The US stock market was reminded last Thursday that the Biden Administration plans to increase taxes to cover part of the cost of its spending proposals. It was clearly in the U.S. national interest to prevent market chaos overseas, but the Fed has no mandate specifically for international financial stability. The latest Atlanta Fed GDPNow estimate for Q1 – a running estimate of GDP growth – is 8.2%, substantially higher than current market estimates.
Revenue of $10.4 billion and adjusted earnings of 93 cents a share both topped Wall Street expectations. After an eventful few weeks – including a monster Wall Street debut with ‘s (Nasdaq: COIN) direct listing – cryptocurrencies stumbled at the end of last week. On the one hand, the US economy is heating in both the labor market and in prices – the bank’s two mandates.
The US stock market was reminded last Thursday that the Biden Administration plans to increase taxes to cover part of the cost of its spending proposals. It was clearly in the U.S. national interest to prevent market chaos overseas, but the Fed has no mandate specifically for international financial stability. The latest Atlanta Fed GDPNow estimate for Q1 – a running estimate of GDP growth – is 8.2%, substantially higher than current market estimates.
Revenue of $10.4 billion and adjusted earnings of 93 cents a share both topped Wall Street expectations. After an eventful few weeks – including a monster Wall Street debut with ‘s (Nasdaq: COIN) direct listing – cryptocurrencies stumbled at the end of last week. On the one hand, the US economy is heating in both the labor market and in prices – the bank’s two mandates.
Europe
France is threatening to block regulations that would let the U.K. continue operating under financial regulations in Europe if London doesn t respect its Brexit commitments on fishing. The ambition will feature as part of a larger update to the bloc s industrial strategy, highlighting areas where it s dangerously dependent on non-EU companies for key imports. He may try to convince them to build in the EU to rekindle its chipmaking prowess or at least bring more manufacturing within the bloc’s borders.
Europe wants to reclaim its former glory as a chip-manufacturing powerhouse.As soon as next week, the European Union is set to release some details on its new semiconductor plans.
0 Europe wants to reclaim its former glory as a chip-manufacturing powerhouse.As soon as next week, the European Union is set to release some details on its new semiconductor plans.
