Close: London Session | Forex, Metals, Oil, Agriculture November 03, 2020



Sugar mills claim that the sugar price of ₹40 kg quoted by the Minister is from the retail market. According to the NFCSF, the export has helped reduce surplus sugar quota laying with 535 sugar mills and fetched money to repay loans and interests. The temporary rise in sugar price in the international market is because of the delay of sugar consignments from Brazil. He added that surplus sugar from countries like Australia and Brazil is available in the international market and import-export contracts with these countries are taking place.
Rock lobster shipments have been subject to new inspections that seem part of Beijing’s campaign, which looks set to escalate to include sugar, copper ore, and copper concentrate. (In India) the sugar price rise is because of the government’s indecision regarding the export,” NFCSF stated. According to market players, Indian exporters have created a space for Indian sugar in Indonesia, China, Bangladesh, Korea, Malaysia, Sri Lanka, Iran, UAE and even in African countries.
Losing global marketHowever this year, the Centre has not taken a call on the continuation of sugar export subsidy. It was only in 2007-08 that India had exported 49 lakh MT sugar and that record has been broken this year,” as per the NFCSF statement. The actual rate of sugar at the mill is ₹31-31 per kg after deducting GST, transport and commissions.


The US dollar posted an outside down day against the Canadian dollar yesterday, and there is follow-through selling today. The US dollar is heavier against the major currencies, even the Australian dollar. The dollar fell against a basket of currencies as caution prevailed on foreign exchange markets, while gold prices were up. The U.S. dollar fell against a basket of currencies as caution prevailed on foreign exchange markets, while gold prices were up.
The opposite is true if Trump beats Biden – a less likely outcome that may result in a stronger US Dollar and weaker gold prices. The US dollar trended gently lower against the yen after reaching six-day highs yesterday just shy of JPY105.00, where a $425 mln option expires today. Still, without higher rates or higher expected rates of return, a weaker dollar will be necessary. The dollar is back to being higher against what I’d consider leading currencies, Brazil’s (nearing record low) and India’s (multi-month low).
It is extending its recovery today to reach almost $1.30 in Europe on the back of the broadly heavier dollar tone. That helped Mexico’s peso strengthen 3.8% in October and hit 20.87 pesos a dollar last week, its strongest level in more than seven months.


In the third quarter of 2020, the Brucejack Mine produced of gold, and the company sold at an all-in sustaining cost of of gold sold. This action brought the stock market back alive after this year’s March crash, biggest beneficiary is gold, silver, and mining stocks. In global markets, gold prices were steady today after a sharp rise in the previous session as investors remained cautious ahead of the US presidential elections. Source: Bloomberg, DailyFX Technically, gold prices came off the all-time high (US$ 2,075) in early August and have since entered a three-month pullback.
Gold prices are trading up 0.4% at Rs 50,900 per 10 grams. Expected Q3 earnings of 38 cents per share Torex Gold Resources Inc (TXG). Expected Q3 earnings of 48 cents per share Wesdome Gold Mines Ltd (WDO). Expected Q3 earnings of 16 cents per share Kinross Gold Corp (K). Tracking this volatility, gold prices in domestic markets edged lower. However, gold and silver sold were lower than what was produced.


It would also reduce the risk of more rules and regulations on the U.S. oil and gas industry that would mean more layoffs in the oil and gas sector. Electric Power natural gas consumption model = NG-Coal spread + coal-to-gas switching curve + nuclear outages + coal outages – gas outages – hydro/wind/solar generation. (Schlumberger – Seeking Alpha) Schlumberger is focused on the oil and natural gas industries, which means that the company is fundamentally reliant on the services it provides to them.
(Capital Spending – Natural Gas Intelligence) Capital spending among major oil companies has declined significantly.
When estimating the spreads between natural gas and coal, it is important to remember that natural gas-fired power plants tend to be more efficient than coal-fired power plants. Crude Value Insights offers you an investing service and community focused on oil and natural gas. It has simply collapsed since the start of the oil collapse, not surprising given that capital spending moves much stronger than oil prices. We also write daily and weekly reports, covering key variables in U.S. natural gas market (supply, demand, storage, prices and more).
Bespoke Weather Services – The premier blended weather and natural gas analytics service custom-designed for gas investors, traders, and brokers. Finally, ARLP also has a growing oil and gas royalty business which is likely worth a good chunk of the market cap.

United States

Since Trump has personally guaranteed all the loans, Deutsche Bank could also seize the president’s assets if he is unable to repay, two of the three bank officials said. After a dismal five-days last week, stocks started the week of the US presidential election higher, and markets have continued their momentum into this morning’s European session. less Election Day is finally here – four more years for President Donald Trump or a victory for rival Joe Biden?
We have just one question though: If Russian backers buy the loans, would that finally make Trump a ‘Russia-backed’ president? Market participants have speculated energy stocks could fall if Democratic Party candidate Joe Biden wins the race against incumbent President Donald Trump. A second Trump term “could also result in “added tailwinds from a continued ‘light touch’ on regulation and a push to reduce taxes,” according to Ameriprise Financial. “We all know that the Democrats will be up to their old dirty tricks on Election Day to make sure President Trump doesn’t win.
We update on incoming results and market developments through the night…Welcome to Nordea Markets live blog on the US election. The rest of the population will decide today on whether Republican President Donald Trump or Democratic rival Joe Biden will control the White House for the next four years. BREAKING: Biden’s campaign manager just said “Under no scenario will Donald Trump be declared a victor on election night” They have no say in that process.


On the other hand, moving more capital and labor into the ICT sector, as Beijing clearly hopes to do, could raise the economy’s overall productivity if done right. Beijing’s heavy-handed tactics on its periphery, especially against the Uighur minority in Xinjiang, could also trip up potential areas of cooperation like climate change. An October report from S&P Global highlighted that about a third of global polysilicon, used to make solar panels, came from Xinjiang last year.
Overall, Beijing’s dual-circulation strategy is a risky bet for a country that has thrived on an integrated global trading system. The month-end money market tightness is unwinding with the help of steady new cash injections by the PBOC. Beijing’s new plan to offset all this, memorialized in its obscure-sounding “dual-circulation” strategy, is twofold. WSJ explains how Beijing is pouring money into high-tech chips as it wants to become self-sufficient. Canada has felt its wrath, and now Beijing has turned its attention to Australia.
Former Australian Treasurer Joe Hockey has accused Beijing of bullying and immature behavior.


Quality control | U.K. food and farming groups welcomed a move by the government to do more to safeguard the country s food standards in future post-Brexit trade deals. Perhaps BoJo has finally discovered ‘the secret’ for why these tactics were so effective in Asia: It’s much easier to test and trace when mandatory means mandatory. Europe ECB data showed that the Eurosystem purchased of bonds in the last week of October fell to 11 bln euros, the least since the PEPP was introduced.
David Merkel is an investment professional, and like every investment professional, he makes mistakes. David J. Merkel, CFA — 2010-present, I run my own equity asset management shop, called Aleph Investments. Germany’s Merkel will hold a news conference shortly and the new social restrictions. PM Boris Johnson recently rolled out a system of coronavirus restrictions with three standalone tiers. President Emmanuel Macron publicly defended the right for secularists to publish cartoons featuring the prophet Mohammad.
In the UK, the government’s test-and-trace system has been a notable blemish for BoJo, despite pouring more than $15.5 billion into it. The current propaganda stream, interestingly enough, features the elites of the European Union bandying about plans for a Great Reset and a Fourth Industrial Revolution.