Close: London Session | Forex, Metals, Oil, Agriculture December 04, 2020



The ethanol segment buys and sells corn oil and ethanol, offers facility operations, and invests in ethanol plants. Corn prices are at a multi-year high, which bodes well for UAN’s product sales volumes in the coming quarters. Strong corn cultivation and subsequent demand for nitrogen fertilizers are not enough to counter the downward pressure resulting from the products’ oversupply. Meanwhile, coffee-crop losses in Honduras, Central America s top producer and exporter, may increase to almost 10% after hurricanes damaged vast stretches of the country s infrastructure.
It is characterized by cooler-than-normal waters in the Pacific Ocean, causing dry weather in some parts of the globe and heavy rainfall in others. The U.S Department of Agriculture predicts a strong corn season going into 2021.


Asian currencies are notably strong among emerging market currencies as the dollar pushes further below KRW1100, and the Taiwanese dollar extends its appreciation to levels not seen since 1997. The Chinese yuan, an increasingly popular vehicle for investors to bet against the dollar, made a 29-month high of 6.5358 per dollar. The US dollar is about 1% lower against the Canadian dollar on the week, and it will be the third weekly loss. “You buy a call for a dollar, you can only lose a dollar.”
Increased appetite for riskier assets pushed the dollar towards its worst week in a month, while gold steadied. Increased appetite for riskier assets pushed the U.S. dollar towards its worst week in a month, while gold steadied. less Image: Bigstock With the surge in global stock market, the greenback witnessed a sharp decline given that the U.S. Dollar Index has fallen 1.7% over the past month. This is because a weak dollar has made dollar-denominated assets cheap for foreign investors, making U.S. multinationals more competitive, thereby leading to increased profits.
Over the past few months, the U.S. dollar index has tried to go higher but has failed every single time. The PBOC’s reference rate for the dollar was set at CNY6.5507, a little higher than the models expected, though lower than yesterday’s CNY6.5592 fix.


If neither of us has a hospital stay then likely the gold plan works better, however the bronze plan is better if a hospitalization happens. Uranium is one of the most common elements in the earth’s crude, as it is forty times more common than silver and five hundred times more common than gold. This is because the annual difference in the premium is $5,200 and the out of pocket maximum for the bronze plan is “only” $2,700 more than the gold plan. Note that in the last four days, gold prices have risen about Rs 1,500 per 10 grams but are still down Rs 7,000 from August highs of Rs 56,200.
We look closely at one gold and one bronze plan and make a selection. Gold prices edged higher in Indian markets today as the precious metal continued to rebound from recent lows. In the previous session, gold had edged higher by Rs 350 per 10 grams. On MCX, February gold futures rose 0.2% to Rs 49,380 per 10 grams, extending gains to the fourth day. source: The second plan is a gold plan.
Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 49,344 per 10 grams.


Oil demand is still under pressure from the Covid-19 pandemic, but the increase is equivalent to less than 1% of the global oil market, according to The WSJ. The company still operates its amazing pipeline network, but the demand for oil & gas transportation may not be as strong as expected over the next 10-20 years. Blast rocks South African oil refinery, seven injured An explosion rocked South Africa’s second-largest crude oil refinery in Durban on Friday injuring seven people, local emergency services said.
We may get more oil from OPEC, but we assuredly are getting less oil from U.S. energy companies.
in Computer Science from Ben Gurion University less Overnight global oil cartel OPEC and Russian producers agreed to increase their output by 500,000 barrels a day next month. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company. The Saudi oil minister Prince Abdulaziz bin Salman Oil minister stepped down. Fundamentally, natural gas is very cheap (vs. projected supply-demand balance and also relative to its close substitutes or alternatives – notably, coal and oil).
Crude Value Insights offers you an investing service and community focused on oil and natural gas. Oil prices jumped, after OPEC+ agreed to increase the supply, but keep bulk of the supply cut intact.

United States

BEFORE THE BELL Wall Street futures rose, in line with world shares, buoyed by growing prospects of a U.S. economic stimulus package and hopes of vaccine-led economic recovery. Wall Street futures rose, in line with world shares, buoyed by growing prospects of a U.S. economic stimulus package and hopes of vaccine-led economic recovery. Here are three of the best cheap growth stocks to buy now… (NASDAQ: BECN) is a perfect example of an undervalued growth stock in today’s market.
This year may be different in the sense that the Fed is still ahead of us, but the government seems paralyzed and busy with the transfer of power. Investors have turned heavily short dollars in recent months, figuring rates will stay low for a long time in the US, forcing yield-seekers to head elsewhere for better returns. US stock futures are trading higher today, indicating a positive opening for Wall Street indices. US stock futures are trading higher today indicating a positive opening for Wall Street indices.
While investors have been viewing vaccine progress favorably, the record figures are a stark reminder that there is still a long road ahead for the US economy. Both big Swiss banks received permission to pay their second tranche and UBS seems likely to resume share buybacks next year too. ), but the overall inflation picture remains largely benign (remember that the historical Fed “target” rate for inflation was ~2%): Translation: A generally positive environment for “risk on” assets.


Nike, Coca-Cola and other major companies and business groups are lobbying Congress to weaken a bill that would ban imported goods made with forced labor in China’s Xinjiang region. -WSJ Meanwhile, China has also been caught stealing sensitive US defense technology “to fuel President Xi Jinping’s aggressive plan to make China the world’s foremost military power.” In an odd comment, Ratcliffe says that “U.S. intelligence shows that ,” adding “There are no ethical boundaries to Beijing’s pursuit of power.”
Beijing may not take the steps lightly.


An EU leader summit scheduled for next week may still see a deal come to fruition, but the bloc has seen some shaky ground in the recent past. We believe the shares could be volatile in the final days of the year as the UK and the European Union work to agree on a mutually-acceptable trade deal. The EU last week committed to rules governing derivatives that will prevent London-based traders at EU banks from continuing business seamlessly after Brexit is completed on New Year’s Eve.
Of course, the UK crashing out of the EU without a deal would be a double-edged sword for the bloc. British officials are accusing French President Emmanuel Macron of throwing a wrench into talks last night, saying he is making new Brexit demands at the eleventh hour.
There’s only four weeks left until the U.K. formally exits the EU on Dec. 31 and a trade deal isn’t looking any more likely. On the other hand, an unnamed EU official told Reuters that a deal is “imminent” – barring any last-minute breakdown. less Perhaps the most important event for financial markets for the rest of December is the European Central Bank (ECB) meeting scheduled for next Thursday.
“This is part of a wider strategy of moving finance into the EU,” said Tim Cant, a London-based lawyer at Ashurst Group, which specializes in financial regulation. The ECB pre-committed to act at the next week’s meeting, but it had already communicated all its moves.