Thursday, 10 July 2014

Accurate Commodity News | Today's Commodity Market Prices | MCX, NCDEX, NMCE News

Soybean futures traded on a negative note on Wednesday on a pickup in the sowing activities coupled with weak overseas markets and weak soy meal exports and settled 2.28% lower. However, lower sowing and below normal rains till date coupled with tight supply of soybean seeds restricted a sharp fall in the prices in the new crop contracts. 

Spot silver prices have been moving in tandem with gold prices and this positive move continued in yesterday’s session as the Fed did not hint  about rise in interest rates in the US. Weakness in the dollar index boosted the rally further. However, decline in Nickel prices and the weakness in the overall base metal pack capped the rally.

Natural Gas 
U.S. natural gas futures lost almost 1 percent on Wednesday, the third decline in a row, on forecasts for continued cooler-than-normal weather and expectations for another big storage build. After a record eight consecutive triple-digit injections, the inventory report due tonight is expected to show a buildup of 92 BCF of gas.
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