Bitcoin Up 59% in 2024 till time; Can we expect a revival of the Cryptocurrency?| Commodities Corner
It seems that the ‘bonanza’ period for Bitcoin is not showing signs of a halt. Bitcoin hits $68,800 level, nearly all time high. From what it’s understood, the cryptocurrency crossed the price mark for a second time within a week, since it was last recorded on February 28, 2024. Is the Crypto craze back? Catch Manisha Gupta with more details
Gold hovers near 3-month peak as eyes on Jerome Powell's testimony
Spot gold was flat at $2,114.59 per ounce, as of 0423 GMT, hovering around Monday's levels of $2119.69 that marked its highest point since Dec. 4. Meanwhile, U.S. gold futures edged 0.2% lower to $2,121.60.
Agri Picks Report March 05, 2024: Geojit
According to Geojit, Traders and exporters of cumin seed, or jeera, expect crop production in India to be higher by 70% in 2024 on account of higher sowing and higher yields.
Oil extends fall as China's pledge to transform economy fails to impress
Brent futures for May fell 3 cents to $82.77 a barrel by 0159 GMT, while U.S. West Texas Intermediate (WTI) fell 11 cents, to $78.63.
Gold prices are at 3-month high on the back of easing US inflation | Commodities Corner
Gold prices hit 3-month high due to supporting data. Key triggers include easing U.S. inflation, decline in USD & treasury yields support buying. Catch Manisha Gupta with Ajay Kedia, MD, Kedia Advisory
Agri Picks Report March 04, 2024: Geojit
According to Geojit, The number of heat wave days is likely to be higher in most parts of India during Mar-May with above normal maximum temperatures seen across most regions in this period, the India Meteorological Department said.
Powell's testimony and economic indicators to shape commodities market sentiment
Looking ahead to the coming week, investors will closely monitor the US ISM Services PMI, Powell's testimony, the ECB policy meeting, and US jobs data.
Agri Picks Report March 01, 2024: Geojit
According to Geojit, The Centre has set the wheat procurement target for 2024-25 rabi marketing season beginning in April at 30-32 mln tn, the Ministry of Consumer Affairs, Food & Public Distribution, said in a press release today.
Agri Picks Report February 29, 2024: Geojit
According to Geojit, Farmers in Andhra Pradesh have sown rabi crops over 1.67 mln ha as of Wednesday, down 10% from the same period a year ago, according to state government data.
Cotton prices in India at 9-month high, Feb exports pegged at 2-year peak
Cotton prices at the global level have risen to an 18-month high, making the biggest gains since September 2022, with the price rise in February 2024 seeing an uptick of 27% globally and 16% in India.
Agri Picks Report February 28, 2024: Geojit
According to Geojit, Farmers in Gujarat have sown crops across 178,660 ha as of today for the 2023-24 summer season, down 15% from 210,481 ha in the corresponding period of last year, according to the state agriculture department data.
Oil eases as Fed caution outweighs talk of OPEC+ cut extensions
Brent crude futures fell 38 cents, or 0.45%, to $83.27 a barrel by 0110 GMT, while U.S. West Texas Intermediate crude futures (WTI) were down 35 cents, or 0.44%, to $78.52 a barrel.
Live: Spotlight on metal prices | Metals witness decline, aluminum & zinc prices fall
Spotlight on metal prices: metals witness decline, Aluminum & Zinc prices fall. Aluminum prices near 1 month low. US refrains from Sanction on Russia aluminum industry. Russia Aluminum at 3.8mln tons amounts to 6% global. Bauxite exports from Guinea continue following explosion at a fuel depot. Inventories in Shanghai surge 65% in previous week. China inventories at 173K tons is at May 2023 high. Catch Manisha Gupta in conversation with Peter McGuire CEO, XM Australia. Catch Manisha Gupta in conversation with Peter McGuire CEO, XM Australia on sharp decline on metals
Agri Picks Report February 27, 2024: Geojit
According to Geojit, The area under rabi crops in Telangana was 6.3 mln acres (1 acre = 0.40 ha) as of Wednesday, 8.2% lower than 6.85 mln acres a year ago, according to data from the state government.
Live: Prices of parboiled rice exported from India extend rally | Commodities Corner
Price of Parboiled Rice exported from India is at record high. Govt has also extended 20% export duty on parboiled rice beyond March. Catch Manisha Gupta in conversation with Dr Prem Garg, National President, Indian Rice exporters federation.
Agri Picks Report February 26, 2024: Geojit
According to Geojit, The area under rabi crops in Telangana was 6.3 mln acres (1 acre = 0.40 ha) as of Wednesday, 8.2% lower than 6.85 mln acres a year ago, according to data from the state government.
Oil extends losses in early Asian trade
Brent crude futures fell 34 cents to $81.28 a barrel by 0121 GMT, while U.S. West Texas Intermediate crude futures (WTI) declined 33 cents to $76.16 a barrel.
Price action indicates consolidation in gold, but $2065 per troy ounce crucial for further upward trend
Looking ahead to the coming week, the spotlight will be on the US PCE price index, the second estimate of US Q4 GDP, ISM Manufacturing PMI, and a series of speeches from Fed officials.
Agri Picks Report February 23, 2024: Geojit
According to Geojit, Farmers in Andhra Pradesh have sown rabi crops over 1.65 mln ha as of Wednesday, down 10% from 1.83 mln ha a year ago, according to state government data.
Oil falls after US Fed governor says no rush to cut interest rates
Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel at 0212 GMT, while U.S. West Texas Intermediate crude futures were 25 cents, or 0.3%, lower at $78.36.
Agri Picks Report February 22, 2024: Geojit
According to Geojit, India's spices exports during Apr-Nov rose 6.1% on year to 953,303 tn, according to data from the Spices Board India. In terms of value, exports for the period rose 3.8% to $2.68 bln from $2.58 bln a year ago.
Oil edges higher, holding to gains made on signs of tighter supply
U.S. West Texas Intermediate crude futures (WTI) rose 17 cents to $78.08 a barrel for the prompt month. The May contract gained 14 cents to $77.45 a barrel by 0150 GMT.
Live: Natural gas production in US at near record levels | Commodities Corner
Natural Gas Prices Rise As Colder Weather Forecasts Increase Heating Demand. Upside remains limited due to record-high domestic natural gas production in US. Robust production has kept inventories well-supplied. Catch Manisha Gupta in conversation with Kunal Shah, Head of research commodities, Nirmal bang
Agri Picks Report February 21, 2024: Geojit
According to Geojit, India's spices exports during Apr-Nov rose 6.1% on year to 953,303 tn, according to data from the Spices Board India. In terms of value, exports for the period rose 3.8% to $2.68 bln from $2.58 bln a year ago.
