According to Geojit, The Cotton Association of India has retained its projection for the country's cotton output in 2023-24 (Oct-Sep) at 31 mln bales (1 bale = 170 kg), according to a release.
Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel at 1211 GMT, and U.S. West Texas Intermediate crude futures rose by 33 cents, or 0.39%, to $83.90 a barrel.
According to Geojit, Erratic weather in the crop year 2023-24 (Jul-Jun) has prompted the Department of Food and Public Distribution to relax the uniform specification of wheat for procurement in Rajasthan and Madhya Pradesh for the 2024-25 (Jul-Jun) rabi marketing season.
According to Geojit, Farmers in Gujarat have sown crops across 1.15 mln ha as of Monday, largely unchanged from the corresponding period a year ago, according to data from the state agriculture department.
Brent crude futures rose 9 cents, or 0.1%, to $88.51 a barrel and U.S. West Texas Intermediate crude futures gained 10 cents, or 0.11%, to $83.45 a barrel at 0031 GMT.
Spot gold was down nearly 1% at $2,304.99 per ounce, as of 0336 GMT. U.S. gold futures fell 1.2% to $2,318.80.
According to Geojit, Food Corp of India, along with state agencies, procured 6.8 mln tn wheat at the minimum support price, as of today, according to the data on the central food grains procurement portal.
Global benchmark Brent crude oil futures rose 39 cents, or 0.5%, to $87.39 a barrel by 0033 GMT, while U.S. West Texas Intermediate crude futures were up 40 cents, or 0.5%, to $82.30 a barrel.
According to Geojit, India's oilmeal exports in March fell 31% on year to 395,382 tn, according to data released by The Solvent Extractors' Association of India on Wednesday.
The front month U.S. West Texas Intermediate (WTI) crude contract for May, which expires on Monday, fell 12 cents to $83.02 a barrel. The more active June contract dropped 47 cents, or 0.6%, to $81.75 a barrel.
A pullback in gold prices is likely in case further escalation is avoided in the Middle East.
During periods of reflation trade, investors turn overweight on sectors or assets that will gain from rising inflation
According to Geojit, India's oilmeal exports in March fell 31% on year to 395,382 tn, according to data released by The Solvent Extractors' Association of India on Wednesday.
Brent futures jumped $3.03, or 3.5%, to $90.14 a barrel by 0147 GMT, and U.S. West Texas Intermediate crude rose $3.03, or 3.7%, to $85.76 per barrel.
According to Geojit, India's exports of fruits, vegetables, and spices rose in March on a year-on-year basis, while those of oilmeals declined during the same period, according to data released by the commerce ministry.
Brent futures were up 10 cents, or 0.11%, at $87.39 a barrel, while U.S. crude futures traded 2 cents higher at $82.71 a barrel at 0053 GMT. The two benchmarks slid 3% in the previous session on demand worries.
Spot gold held its ground at $2,381.68 per ounce, as of 0337 GMT, after hitting an all-time high of $2,431.29 on Friday. U.S. gold futures fell 0.4% at $2,397.70.
Brent futures for June delivery slipped 7 cents, or 0.1%, to $89.16 a barrel by 0042 GMT, while U.S. crude futures for May delivery fell 10 cents, or 0.1%, to $85.26 a barrel.
According to Geojit Financial Services, India Meteorological Department has forecast above normal southwest monsoon rainfall this year as La Nina conditions are set to develop in the second half of the season.
Brent futures for June delivery rose 48 cents, or 0.5%, to $90.58 a barrel by 0437 GMT. U.S. crude futures for May delivery rose 49 cents, or 0.6%, to $85.90 a barrel.
Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 GMT. U.S. crude futures for May delivery rose 43 cents, or 0.5%, to $85.84 a barrel.
As Israel weighs its response to the assault, here’s what market watchers are saying about the outlook.
Brent futures for June delivery fell 24 cents to $90.21 a barrel while West Texas Intermediate (WTI) futures for May delivery were down 38 cents at $85.28 a barrel by 1256 GMT.
U.S. stock futures ticked higher after major indexes ended sharply lower on Friday as results from major U.S. banks failed to impress.
COMEX Gold hit a fresh all-time high of $2448.8 per troy ounce on Friday, witnessing a fourth consecutive weekly gain, fuelled by escalation in the geopolitical situation.