Agri Picks Report May 09, 2024: Geojit Financial Services
According to Geojit, The area under summer crops in Maharashtra was up 2.6% on year at 414,977 ha as of Monday, according to the final summer acreage data for 2023-24 (Apr-Mar) released by the government of Maharashtra on Tuesday.
Oil rises on US crude storage draw, Fed rate cut hopes
Brent crude futures for July rose 23 cents to $83.81 a barrel by 0033 GMT. U.S. West Texas Intermediate crude for June was up 29 cents to $79.28 per barrel.
Agri Picks Report May 08, 2024: Geojit Financial Services
According to Geojit, Farmers in Gujarat have sown crops across 1.15 mln ha as of Monday, slightly lower than 1.16 mln ha a year ago, according to the final summer acreage data for 2023-24 (Apr-Mar) released by the government of Gujarat today.
Agri Picks Report May 07, 2024: Geojit Financial Services
According to Geojit, Farmers in Gujarat have sown crops across 1.15 mln ha as of Monday, slightly lower than 1.16 mln ha a year ago, according to the final summer acreage data for 2023-24 (Apr-Mar) released by the government of Gujarat today.
Oil edges up after Israel strikes Gaza, while truce talks continue
Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a barrel.
Fed rate cut hopes, geopolitical tensions lift gold prices
Spot gold rose 0.4% at $2,310.89 per ounce, as of 0244 GMT. U.S. gold futures gained 0.6% to $2,322.30 per ounce.
Agri Picks Report May 06, 2024: Geojit Financial Services
According to Geojit, Farmers in the country have sown summer crops across 7.27 mln ha as of Friday, up nearly 7.2% from 6.78 mln ha last year, data from the agriculture ministry showed.
Oil nudges higher after Saudi Arabia hikes prices
Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29 cents, or 0.4%.
Soft US labour report ups bets for 2 rate cuts in 2024; commodity markets eye BoE policy decision, Fed officials speeches
Oil prices may remain under pressure as Hamas reportedly studies a proposal for a temporary cease-fire with Israel and plans to send a delegation to Egypt to continue negotiations.
Agri Picks Report May 03, 2024: Geojit Financial Services
According to Geojit, Farmers in Gujarat have sown crops across 1.15 mln ha as of Monday, slightly down from 1.16 mln ha sown a year ago, according to data from the state agriculture department.
Crude prices poised for biggest weekly fall since February, Brent below $84
Oil prices have fallen roughly 10% from a five-month high that it hit mid-April, possibly due to a curtailed impact of Iran-Israel tensions, and renewed efforts to resolve the conflict in Gaza.
Gold flat ahead of US payrolls data, set for 2nd weekly drop
Gold prices were set for a second consecutive weekly fall, even as bullion traded almost flat on Friday as investors refrained from taking big..
Oil steadies, heads for weekly drop on US economy worries
Brent crude futures for July rose 16 cents to $83.83 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June was up 19 cents to $79.14 per barrel.
Agri Picks Report May 02, 2024: Geojit Financial Services
According to Geojit, Farmers in the country have sown summer crops across 6.8 mln ha as of Friday, up nearly 6% from 6.4 mln ha last year, data from the agriculture ministry showed.
Crude oil near two-month low as US inventories rise on worries over demand
The decline in oil futures is coinciding with signs of easing tensions in the Middle East.
Gold prices flutter higher as Fed holds rates steady
Spot gold firmed 0.3% at $2,325.02 per ounce by 0218 GMT, after climbing over 1% in the previous session.
Oil prices pick up on prospect of US replenishing strategic reserve
Snapping three days of losses, Brent crude futures for July gained 21 cents, or 0.3%, to $83.65 a barrel by 0026 GMT. U.S. West Texas Intermediate (WTI) crude for June climbed 22 cents, or 0.3%, to $79.22 a barrel.
LME copper prices rally on favourable demand-supply dynamics, may hit record high in medium term
According to CRU Group, copper production from existing mines is set to fall sharply in the coming years, and miners would need to spend more than $150 billion between 2025 and 2032 to fulfil the industry’s supply needs.
Oil falls for a third day as US crude inventories swell
Brent crude futures for July fell 47 cents, or 0.5%, at $85.86 a barrel by 0005 GMT. U.S. West Texas Intermediate crude for June declined 53 cents, or 0.6%, to $81.40 per barrel.
Gold hovers near 4-week low, traders eye Fed meeting
Spot gold was little changed at $2,288.21 per ounce as of 0023 GMT. Prices fell as much as 2% to their lowest level since April 5 on Tuesday, due to an uptick in the dollar and U.S. Treasury yields.
Agri Picks Report April 30, 2024: Geojit Financial Services
According to Geojit, Farmers in the country have sown summer crops across 6.8 mln ha as of Friday, up nearly 6% from 6.4 mln ha last year, data from the agriculture ministry showed.
Oil dips as investors eye Israel-Gaza truce talks, US Fed policy review
Brent crude futures dipped 5 cents, or 0.06%, to $88.35 a barrel at 0006 GMT, and U.S. West Texas Intermediate crude futures slipped 12 cents, or 0.15%, to $82.51 a barrel.
Agri Picks Report April 29, 2024: Geojit Financial Services
According to Geojit, Farmers in the country have sown summer crops across 6.8 mln ha as of Friday, up nearly 6% from 6.4 mln ha last year, data from the agriculture ministry showed.
Oil prices pare gains on US inflation concerns
Brent crude futures fell 75 cents, or 0.84%, to $88.75 a barrel while West Texas Intermediate (WTI) futures were down 65 cents, or 0.78%, to $83.20 a barrel by 1221 GMT.
FOMC policy and US labour data to test commodity investors’ nerves next week
Traders are likely to remain on edge as the Fed is expected to maintain the status quo for a sixth consecutive meeting and deliver a slightly hawkish tone.
