Oil rises on strengthening Fed rate cut expectations
Brent crude futures rose 27 cents, or 0.34%, to $78.68 a barrel by 0103 GMT, while U.S. West Texas Intermediate crude futures rose 36 cents, or 0.49%, to $74.43.
Agri Picks Report June 05, 2024: Geojit Financial Services
According to Geojit, India received 2.4 mm of rainfall on Tuesday, 22% below the average normal rainfall of 3.1 mm, data from the India Meteorological Department showed.
Agri Picks Report June 04, 2024: Geojit Financial Services
According to Geojit, The southwest monsoon is likely to advance to the remaining parts of Karnataka, Rayalaseema, Telangana, and coastal Andhra Pradesh in the next four to five days, the IMD said on Monday.
Oil prices extend losses on worries of supply rising later in 2024
Brent crude futures fell 20 cents or 0.3 % $78.16 a barrel. Brent closed below $80 for the first time since Feb. 7, after falling more than 3% on Monday.
Agri Picks Report June 03, 2024: Geojit Financial Services
According to Geojit, Southwest monsoon is likely to advance to parts of Karnataka, some more areas in Tamil Nadu and the remaining parts of Kerala and Lakshadweep in the next two to three days, the India Meteorological Department said today.
Gold little changed as traders seek more data for Fed rate cues
Spot gold was nearly unchanged at $2,322.53 per ounce, as of 0342 GMT. Bullion was up nearly 2% in May.
Oil prices slip despite OPEC+ production cut extension
Brent futures for August delivery were down 24 cents, or 0.3%, to $80.87 a barrel at 0030 GMT.
Commodity markets cautiously await next week's US labour report
Any unexpected tightening of the job market would shift the scales in favour of higher rates for longer, while moderation may allow the Fed to cut interest rates sooner rather than later.
World crop trade eyes India as new government may relax curbs
The fifth-biggest economy has kept key crops like sugar and some major rice varieties off the global markets for more than a year.
Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
Brent futures lost 12 cents, or 0.15%, to trade at $81.74 a barrel by 0008 GMT, while U.S. West Texas Intermediate (WTI) crude was down 17 cents, or 0.22%, at $77.74.
Gold prices drop as strong US dollar, yields dim bullion's shine
Spot gold was down 0.4% at $2,330.44 per ounce, as of 0311 GMT, after falling 1% on Wednesday.
Oil prices down on demand woes as markets await US crude stockpiles data
Brent futures lost 9 cents, or 0.1%, to trade at $83.52 a barrel, while U.S. West Texas Intermediate (WIT) crude was down 3 cents, or 0.04%, to $79.19 at 0046 GMT.
Agri Picks Report May 29, 2024: Geojit Financial Services
According to Geojit, Conditions are becoming favourable for the onset of southwest monsoon over Kerala, Lakshadweep and northeastern states in the next three to four days, the India Meteorological Department said on Tuesday.
Oil rises as major producers expected to keep output cuts in place
Brent crude futures for July delivery rose 27 cents, or 0.3%, to $84.49 a barrel at 0042 GMT. U.S. West Texas Intermediate futures for July climbed 35 cents, or 0.4%, to $80.18.
Gold steady as focus turns to US inflation data
Spot gold was flat at $2,350.85 per ounce, as of 0350 GMT, after rising about 1% in the previous session.
Agri Picks Report May 28, 2024: Geojit Financial Services
According to Geojit, The India Meteorological Department has forecast above normal southwest monsoon rainfall this year at 106% of the long period average, with rainfall likely to be higher in the second half of the season.
Oil prices steady as investors await inflation data, OPEC+ meeting
The Brent crude July contract dropped 3 cents to $83.07 a barrel by 0038 GMT. The more-active August contract slipped 4 cents to $82.85.
Gold recoups from 2-week low as traders eye US inflation data
Spot gold was up 0.5% at $2,346.31 per ounce, as of 0331 GMT, having touched its lowest since May 9 at $2,325.19 on Friday. U.S. gold futures rose 0.6% to $2,347.60.
Agri Picks Report May 27, 2024: Geojit Financial Services
According to Geojit, The International Grains Council has projected global grain production in the 2024-25 season at 2,312 mln tn, down 10 mln tn from its estimate last month.
Oil prices little changed as markets look to OPEC+ meeting
The Brent crude July contract inched up 11 cents to $82.23 a barrel by 0036 GMT. The more-active August contract LCOc2 rose 13 cents to $81.97.
Commodity markets cautiously await US Core PCE numbers amid concerns over potential delay in Fed rate cuts
In the coming week, silver may trade with a sideways to bullish bias and could continue its trajectory to test the newly formed 52-week high as long as the above mentioned supports are upheld.
Agri Picks Report May 24, 2024: Geojit Financial Services
According to Geojit, India's non-basmati rice exports in the year ended March plunged 28.1% to $4.57 bln, according to data collated by the Agricultural and Processed Food Products Export Development Authority from the Directorate General of Commercial Intelligence and Statistics.
Agri Picks Report May 23, 2024: Geojit Financial Services
According to Geojit, India imported 1.68 mln tn of masur or lentils in 2023-24 (Apr-Mar) compared with 858,437 tn the previous year, according to an update by the India Pulses and Grains Association, quoting the Department of Commerce.
Oil prices fall on worries of higher US interest rates
Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5%, at $77.14.
