Powell’s Jackson Hole speech in focus as commodity markets await monetary policy clarity
Additionally, remarks from European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey could shape expectations for monetary policy and shift in economic trends
Agri Picks Report August 16, 2024: Geojit Financial Services
According to Geojit, Farmers in Maharashtra have sown kharif crops over 14.4 mln ha as of Tuesday, nearly 4% higher than the corresponding period last year, according to the state agricultural department.
Agri Picks Report August 14, 2024: Geojit Financial Services
According to Geojit, The area under kharif crops in Gujarat was 7.7 mln ha, down 4.2% on year, as of Monday, according to the state kharif acreage report.
Agri Picks Report August 13, 2024: Geojit Financial Services
According to Geojit, Prime Minister Narendra Modi released 109 high-yielding, climate-resilient, and bio-fortified seed varieties of crops at the India Agricultural Research Institute, according to an agriculture ministry release.
Agri Picks Report August 12, 2024: Geojit Financial Services
According to Geojit, Water level in 150 key reservoirs of the country as of Thursday was 115.736 bcm, 65% of the total live storage capacity of 178.784 bcm, according to data from the Central Water Commission.
US CPI, retail sales numbers to determine fate of commodity market recovery
Better-than-expected data may keep global markets on a recovery path, while renewed slowdown concerns could once again send markets into a tailspin.
Agri picks report August 09, 2024: Geojit Financial Services
According to Geojit, paddy, maize, tur, groundnut, and cotton are the major crops grown in the state during the kharif season. Tur acreage increased by 46.7% on year to 132,000 ha, with the target set at 254,000 ha for the season.
Agri Picks Report August 08, 2024: Geojit Financial Services
According to Geojit, Farmers in Gujarat have sown crops across an area of 7.4 mln ha, down 5.8% from 7.82 mln ha last year, as per the state acreage report released on Monday.
Agri Picks Report August 07, 2024: Geojit Financial Services
According to Geojit, Farmers in Gujarat have sown crops across an area of 7.4 mln ha, down 5.8% from 7.82 mln ha last year, as per the state acreage report released on Monday.
Agri Picks Report August 06, 2024: Geojit Financial Services
According to Geojit, Farmers across the country have sown kharif crops over 90.5 mln ha as of today, up nearly 3% from a year ago,data from the farm ministry showed.
Oil prices rise over $1 on mounting concerns over Middle East supply
Several U.S. personnel were injured in an attack against a military base in Iraq on Monday, three U.S. officials told Reuters, as concerns in the region mounted following last week's killing of senior members of militant groups Hamas and Hezbollah.
Agri Picks Report August 05, 2024: Geojit Financial Services
According to Geojit, Farmers across the country have sown kharif crops over 90.5 mln ha as of today, up nearly 3% from a year ago,data from the farm ministry showed.
Gold whipsaws after global equity mayhem sets traders on edge
Spot bullion — which rallied close to a record last week — initially sank more than 1% before rebounding to trade little changed near $2,440 an ounce.
Oil hovers at 8-month lows as US recession fears offset Mideast tensions
Brent crude futures inched down 4 cents, or 0.1%, to $76.77 a barrel by 0035 GMT, while U.S. West Texas Intermediate crude futures were at $73.39 a barrel, down 13 cents, or 0.2%.
Commodity investors to focus on services PMI data, US jobless claims, Chinese inflation next week
Any notable increase in US jobless claims after reaching a one-year high last week may confirm a sharp slowdown and elicit a stronger reaction from market participants.
Gold prices poised for best week in 4 months, US jobs data on investors' radar
The yellow metal is on track for its biggest weekly gain since April 5. US gold futures climb 1.1 percent to $2,507.80
Agri Picks Report August 02, 2024: Geojit Financial Services
According to Geojit, Rainfall over India is likely to be above normal in the second half of the Jun-Sep monsoon season as La Nina conditions are expected to set in by the end of August, the India Meteorological Department said.
Agri Picks Report July 31, 2024: Geojit Financial Services
According to Geojit, The Cotton Association of India today said it has retained the country's production estimate for 2023-24 (Oct-Sep) at 31.8 mln bales (1 bale = 170 kg).
Agri picks report July 30, 2024: Geojit Financial Services
According to Geojit, the forecast of above-normal rainfall this season has boosted the acreage of key crops such as pulses and oilseeds from the previous year. The area under paddy, one of the main kharif crops, was tad down 0.2% on year at 21.6 mln ha as of today.
Global selloff sends copper in a bear market, down 20 percent from highs seen in May
Analysts are hopeful of higher prices in 6-12 months, and as demand rebounds in 2025, higher levels could again be tested.
Agri Picks Report July 29, 2024: Geojit Financial Services
According to Geojit, The Centre has set the domestic sugar sales quota for August at 2.2 mln tn, down from 2.4 mln tn last month, the food and public distribution department said in a post on social media platform X.
Oil prices rise on fears of wider Middle East conflict after rocket strike in Golan Heights
Brent crude futures gained 20 cents, or 0.3%, to $81.33 a barrel at 0010 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed 9 cents, or 0.1%, to $77.25 a barrel.
Commodity investors to focus on FOMC statement next week as markets nearly certain of first rate cut in September
Bank of Japan policy decision will also be closely watched amid tightening expectations, contrasting with anticipated rate cuts by the Federal Reserve and the European Central Bank.
Gold prices drop by Rs 5,000/10gm post Budget; bring cheers to retail investors
Analysts said customs duty cut has made gold imports cheaper. The move will help curb the rampant issue of gold smuggling, leading to growth in the organised jewellery sector.
