Commodities market to focus on US labour report to get hint on the pace of future rate cuts
A weaker labour report might strengthen the Fed's case for following up on its recent half-percentage-point rate cut with additional easing.
Agri Picks Report September 27, 2024: Geojit Financial Services
According to Geojit, Farmers in Telangana have sown kharif crops over 12.98 mln acres as of Wednesday, down 0.4% from 13 mln acres covered in the same period last year, according to a report released by the state's agricultural department.
Agri Picks Report September 26, 2024: Geojit Financial Services
According to Geojit, India's food grain output for 2023-24 (Jul-Jun) is estimated at a record 332.3 mln tn, 2.6 mln tn higher than 329.7 mln tn in 2022-23 amid record production of rice and wheat, according to the final estimates released by the government on Wednesday.
Agri Picks Report September 25, 2024: Geojit Financial Services
According to Geojit, Farmers in Karnataka have sown kharif crops over 8.1 mln ha as of Friday, up 11% from the corresponding period last year, according to a report released by the state's agricultural department.
Agri Picks Report September 24, 2024: Geojit Financial Services
According to Geojit, India received 2.7 mm of rainfall on Monday, 49% below the normal of 5.3 mm, the India Meteorological Department said. Since Jun 1, the country has received 880.8 mm of rainfall, 5% above the normal of 837.7 mm for the period, it said.
Agri Picks Report September 23, 2024: Geojit Financial Services
According to Geojit, The government is unlikely to extend the stock limits on tur and chana, which are set to expire on Sep 30, a senior government official told Informist.
Fed’s rate cut lifts commodities, but market divergence signals volatility ahead
Going forward, buying on dips in precious metals and crude oil may offer opportunities, while industrial metals like copper and zinc could remain under pressure.
Agri Picks Report September 20, 2024: Geojit Financial Services
According to Geojit, Rainfall across the country Thursday was 2.1 mm, 60% below the normal of 5.1 mm, according to the India Meteorological Department.
Agri Picks Report September 19, 2024: Geojit Financial Services
According to Geojit, The Union Cabinet today approved a tentative 244.75-bln-rupee nutrient-based subsidy for the 2024-25 rabi season (Oct-Mar) for phosphatic and potassic fertilisers.
Agri Picks Report September 18, 2024: Geojit Financial Services
According to Geojit, National Commodity and Derivatives Exchange will launch options on guar gum futures contracts in November, Arun Raste, managing director of the exchange, told Informist on the sidelines of Tefla's The Wheat Summit.
Agri Picks Report September 17, 2024: Geojit Financial Services
According to Geojit, Rainfall across the country on Monday was 4.7 mm, 15% below the normal of 5.6 mm, according to the India Meteorological Department.
Agri Picks Report September 16, 2024: Geojit Financial Services
According to Geojit, The US Department of Agriculture has lowered its global oilseed output estimate for 2024-25 (May-Apr) by 3.1 mln tn to 687.42 mln tn in September, from 690.54 mln tn forecast last month.
FOMC in focus this week as jumbo rate cut could boost market rally further
As markets await the FOMC statement, they are split between the likelihood of a 25 bps and a 50 bps rate cut, as indicated by the CME FedWatch tool.
Agri Picks Report September 13, 2024: Geojit Financial Services
According to Geojit, India's soymeal exports rose 119% on year in August to 153,000 tn from 70,000 tn a year ago, the Soybean Processors Association of India said in a release.
Agri Picks Report September 12, 2024: Geojit Financial Services
According to Geojit, Farmers in Karnataka have sown kharif crops over 7.9 mln ha as of Friday, up 12.7% from 6.9 mln ha sown in the corresponding period last year, according to the report released by the state's agricultural department.
Agri Picks Report September 11, 2024: Geojit Financial Services
According to Geojit, Production of crude palm oil in Malaysia rose 2.9% on month to 1.89 mln tn in August, according to preliminary data from the Malaysian Palm Oil Board.
Agri Picks Report September 10, 2024: Geojit Financial Services
According to Geojit, India remained the largest buyer of Australian chickpeas in July, with over 64% share in total chana exports from the country.
Agri Picks Report September 09, 2024: Geojit Financial Services
According to Geojit, Above normal showers so far during the southwest monsoon have helped restore water levels in most reservoirs of the country.
US CPI in the spotlight next week as markets seek clarity on Fed's first rate cut
Upcoming key data releases from China could add further downward pressure on crude oil and metal prices if they continue to reflect a bleak economic outlook.
Agri Picks Report September 06, 2024: Geojit Financial Services
According to Geojit, Farmers in Andhra Pradesh sowed kharif crops over 2.2 mln ha as of Wednesday, up 4% from a year ago, according to data released by the state.
After a golden phase, what’s next for the yellow metal?
Since the lows of October 2023, gold prices are up by 38 percent beating the Nifty’s 28 percent return, but the past month has seen it take a breather. Does the rally still have legs left?
Commodities and the soft landing
And Turkish stocks’ wild ride
Agri Picks Report September 05, 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 September 04, 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 September 02, 2024: Geojit Financial Services
According to Geojit, Farmers in Telangana have sown kharif crops over 11 mln acres as of Wednesday, down nearly 6% from 11.6 mln acres covered in the corresponding period last year, according to the data released by the state.
