Jeera Prices Dropped Due To Sufficient Availability And Prospects

Jeera trading range for the day is 16840-17090.

Jeera prices dropped due to sufficient availability and prospects of good crop next season.

The sentiments are bearish as the winter crop output is seen robust due to adequate rains.

Pressure also seen because of high moisture content in the spice, due to rainfall in the key producing areas of Gujarat.

In Unjha, a key spot market in Gujarat, jeera edged down by -16.2 Rupees to end at 17338.45 Rupees per 100 kg.

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Copper Prices Dropped As The Demand Outlook Remained Clouded

Copper trading range for the day is 441.9-449.5.

Copper prices dropped as the demand outlook remained clouded by the U.S.-China trade dispute.

China and the United States are discussing face-to-face trade talks that were scheduled to be held in the United States in September.

China copper output will grow less than previously expected this year, citing the slowerthan-expected ramp-up of new capacity and unexpected disruptions at some smelters.

Warehouse stock for Copper at LME was at 336575mt that is up by 1875mt.

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Silver Dropped As The Dollar Rose And Stock Markets Gained Confidence

Silver trading range for the day is 45012-48090.

Silver dropped as the dollar rose and stock markets gained confidence with the latest positive development in the U.S.-China trade deal.

The inversion is often considered a negative sign for the economy as every recession in the last 50 years has been preceded by it.

Adding to the uncertainty was British Prime Minister Boris Johnson's decision to suspend parliament for more than a month before Brexit.

China hopes the United States can cancel the planned additional tariffs to avoid an escalation in the trade war, its commerce ministry spokesman.

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Gold Prices Dropped As Positive Comments From The U.S. and China

Gold trading range for the day is 38218-39718.

Gold prices dropped as positive comments from the U.S. and China about resuming trade talks prompted investors to go for riskier assets such as equities.

Rising bond yields and a strong dollar also contributed to the decline of the precious metal.

While Trump in recent days has toned down his aggressive China trade rhetoric, it has not translated to a retreat from the planned tariff hikes.

The U.S. Federal Reserve and the European Central bank are expected to cut rates next month, while many investors believe the Bank of Japan could also join the fray.

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Turmeric Settled Up On Crop Loss Apprehensions In Sangli Area Of Maharashtra

Turmeric trading range for the day is 6682-6874.

Turmeric settled up on crop loss apprehensions in Sangli area of Maharashtra.

Further, likely damage in Maharashtra may be compensated by better yield in southern states.

In Tamil Nadu, Turmeric growing regions lower rainfall reported, till now only 45-50% sowing completed.

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Silver Gained As Fears Over The Global Economic Impact

Silver trading range for the day is 45265-47615.

Silver gained as fears over the global economic impact of the prolonged trade war between the U.S. and China weighed on market sentiment.

US house prices rose solidly in June, but the pace of appreciation is slowing, which together with declining mortgage rates could boost the struggling housing market.

US consumer confidence retreated a bit in August as optimism on the present situation improved to its highest since late 2000.

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Gold Prices Gained As U.S. And European Bond Yields Continued To Slide

Gold trading range for the day is 38676-39534.

Gold prices gained as U.S. and European bond yields continued to slide, underlining fears of recession

There are expectations for monetary policy easing in the eurozone, inversion in U.S. Treasury yield curve increased hopes for further rates cuts by the U.S. central bank.

U.S. President Trump predicted a trade deal with China but optimism wilted after China's foreign ministry spokesperson dismissed claims of phone calls between the two sides.

Federal funds futures implied traders saw a 91% chance of a 25 basis-point rate cut by the U.S. central bank next month.

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Aluminium Trading Range For The Day Is 138.7-141.3

Aluminium trading range for the day is 138.7-141.3.

Aluminum prices dropped on worries about damage to industrial activity and demand from the prolonged U.S.-China trade war.

There were smaller arrivals lowered social inventories of primary aluminium by some 20,000 mt over the weekend.

Customs data showed that China imported 143,000 mt of aluminium scrap in July, down 21.5% from June but up 17.9% from July 2018.

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Natural Gas Prices Dropped As Production Continues To Surge

Natural gas trading range for the day is 154-163.4.

Natural gas prices dropped as production continues to surge while storage starts to fill.

However, downside seen limited on continuously rising U.S. natural gas demand and near-record gas-powered demand in the summer heat waves.

U.S. natural gas production continued to increase in August and set a new daily production record of 92.1 Bcfd.

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Silver Prices Gained As Investors Sought Cover From Global Uncertainties

Silver trading range for the day is 44595-46713.

Silver prices gained as investors sought cover from global uncertainties including the U.S.-China trade dispute

Comments by U.S. President Donald Trump calmed nerves overnight as he said Beijing had gotten in touch with top U.S. trade officials.

German business sentiment deteriorated more than expected in August to hit its lowest in nearly seven years.

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Gold Trading Range For The Day Is 38576-39318

Gold trading range for the day is 38576-39318.

Gold prices rose as dollar slipped amid renewed concerns in global markets about the US economy recession.

The hopes for monetary policy easing by central banks across the globe, to curtail economic slowdown, provided some support for the bullion.

U.S. President Donald Trump flagged the possibility of a trade deal with China, and said he believed Beijing was sincere in its desire to reach an agreement.

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Crude Oil Trading Range For The Day Is 3753-4045

Crude oil trading range for the day is 3753-4045.

Crude oil jumped after U.S. President Donald Trump said that China wanted to restart trade talks, potentially easing tensions between the two countries.

Concerns for the global economy have increased as trade tensions between Beijing and Washington mounted in recent days.

U.S. energy companies cut the most oil rigs in about four months last week, with the rig count falling to the lowest since January 2018.

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Silver Prices Rallied As Heightened Trade Tensions Between The U.S. And China

Silver trading range for the day is 44467-45689.

Silver prices rallied as heightened trade tensions between the U.S. and China, complete with additional tariff threats, sent traders fleeing to safe-haven assets.

But U.S. President Donald Trump appeared ready to calm nerves, saying that Beijing had gotten in touch with top U.S. trade officials.

Financial markets reacted to the apparent shift in posture although analysts suggested that ongoing uncertainty would still provide support for prices.

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Gold Prices Jumped To Life Time High As Investors Flocked

Gold trading range for the day is 38449-39529.

Gold prices jumped to life time high as investors flocked to safe haven assets driven by the heightened U.S.-China trade dispute.

Washington announced an additional 5& duty on $550 billion in targeted Chinese goods, hours after China had unveiled retaliatory tariffs on $75 billion worth of U.S. products.

U.S. President Donald Trump said China had contacted Washington overnight to say it wanted to return to the negotiating table.

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Copper Trading Range For The Day Is 441.4-449.4

Copper trading range for the day is 441.4-449.4.

Copper prices dropped after the U.S. Federal Reserve signalled that it was not on a preset path to more monetary policy easing and expectations of softer demand growth.

Minutes of Fed’s last month meeting showed policymakers were deeply divided over whether to cut interest rates.

Copper demand growth in China will only post a modest recovery from current levels, as the autos and consumer.

Warehouse stock for Copper at LME was at 328250mt that is down by -1325mt.

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Silver Prices Edged Higher As Traders Shifted Their Attention To The Beginning

Silver trading range for the day is 43409-44293.

Silver prices edged higher as traders shifted their attention to the beginning of the Federal Reserve's annual Jackson Hole Economic Policy Symposium.

FOMC Minutes show that some members wanted a more aggressive aggressive QE cycle

FOMC Minutes show members saw the July rate cut as a mid-cycle adjustment

The International Monetary Fund warned against governments trying to weaken their currencies through monetary easing or market intervention.

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Gold Prices Steadied With The Focus Shifting To Friday's Speech By U.S. Federal

Gold trading range for the day is 37796-38404.

Gold prices steadied with the focus shifting to Friday's speech by U.S. Federal Reserve Chairman Jerome Powell at the Jackson Hole meeting.

FOMC Minutes show ending balance sheet run-off early was done to simplify communication

FOMC Minutes show majority of members viewed the low inflation through 2019 as transitory

China has partially lifted restrictions on imports of gold, loosening curbs that had stopped an estimated 300-500 tonnes of the metal.

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Mustard Seed Dropped As Demand From Millers Was Weak In Physical Market

Rmseed trading range for the day is 3921-3953.

Mustard seed dropped as demand from millers was weak in physical market amid increase in arrivals.

As per data released by MOPA, with the new season arrivals is just above 50 lt.

USDA maintain export forecast of rapemeal to 9 lt and output in 2019/20 at 77 lt in its monthly report.

In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 4076.5 Rupees per 100 kg.

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Silver Prices Traded Lower As Safe-Haven Demand Faltered

Silver trading range for the day is 43405-44085.

Silver prices traded lower as safe-haven demand faltered as risk appetite returned to markets ahead of the minutes from the last Federal Reserve meeting.

The US dollar fell with the drop in Treasury yields, as investors braced for a potentially dovish Federal Reserve at the meeting in Jackson Hole

In US existing home sales rose 2.5% to a seasonally adjusted annual rate of 5.42 million units last month.

The escalation in the trade war between the world's biggest economies and an increasingly dovish shift in policy by central banks have contributed to a rise this month.

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Gold Eased As Investors Cashed In Some Gains Ahead Of Minutes From The U.S.

Gold trading range for the day is 37722-38176.

Gold eased as investors cashed in some gains ahead of minutes from the U.S. Federal Reserve's last meeting.

Prices rallied this month after recent strong gains fuelled by worries over the outlook for the global economy

Traders are awaiting the central bank's annual Jackson Hole seminar later this week, with major focus on a scheduled speech by Fed Chair Jerome Powell.

Russia's gold reserves stood at 71.3 million troy ounces as of the start of August, the central bank said.

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Mentha Oil Spot At Sambhal Closed At 1457.30 Per 1kg. Spot Prices

Mentha oil trading range for the day is 1309.9-1359.3.

Mentha oil spot at Sambhal closed at 1457.30 per 1kg. Spot prices was down by Rs.-8.20/-.

Mentha oil dropped on profit booking after prices gained as low level buying seen ahead of demand season starts in August.

There were estimations of a 20-25% rise in sowing in 2019 versus last year.

Due to improving exports prospects, estimates for ending stocks has been reduced even lower than previous year.

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Zinc Prices Dropped After Investors Remained Cautious About Lower LME

Zinc trading range for the day is 181.4-184.6.

Zinc prices dropped after investors remained cautious about lower LME zinc inventories amid a contango structure.

Growing expectations of higher stocks on poor consumption also depressed confidence.

Zinc social inventories across Shanghai, Tianjin and Guangdong inched up over the weekend, as shipments from Guangdong arrived in Shanghai.

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Silver Gained As Prices Got Further Support From Central Banks

Silver trading range for the day is 42901-44511.

Silver gained as prices got further support from central banks and falling yields.

President Trump told reporters that he does not foresee an economic downturn even after last week's yield curve inversion

Federal Reserve Bank of Boston President Eric Rosengren downplayed the need for more rate cuts.

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Gold Trading Range For The Day Is 37521-38319

Gold trading range for the day is 37521-38319.

Gold gained as investors switched focus to the minutes of the U.S. Federal Reserve's latest meeting, which will be closely watched for clues on further interest rate cuts.

Hopes for additional stimulus are rising after reports that Germany is prepared to increase fiscal spending

However, Boston Federal Reserve Bank President Eric Rosengren signalled no willingness to support further interest rate cuts.

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Copper Gained As China Announced New Measures To Support Its Economy Amid

Copper trading range for the day is 443.3-454.7.

Copper gained as China announced new measures to support its economy amid a damaging trade war with the United States, potentially improving demand.

China’s central bank over the weekend unveiled a key interest rate reform in a bid to help steer borrowing costs lower for companies.

Copper inventories in LME-registered warehouses have jumped by 22% in three days to 331,975 tonnes, while stocks in warehouses tracked by SHFE rose 4.1%.

Warehouse stock for Copper at LME was at 330125mt that is down by -1850mt.

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Silver Trading Range For The Day Is 42949-43839

Silver trading range for the day is 42949-43839.

Silver dropped as equities moved up on increased risk appetite amid hopes global central banks would step up stimulus to boost growth.

A report released by the Commerce Department showed an unexpected slump in housing starts in the month of July.

Consumer sentiment in the U.S. has seen a significant deterioration in the month of August, according to a report.

Hedge funds and money managers cut net long positions in silver contracts in the week to Aug. 13, the U.S. CFTC said.

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Gold Prices Slipped Due To A Stronger U.S. Dollar And A Recovery In Equities

Gold trading range for the day is 37489-38055.

Gold prices slipped due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession.

Pressure also seen after a move by China's central bank to change the way a key interest rate benchmark is set, which is seen reducing borrowing costs for companies.

Investors are now awaiting the U.S. Federal Reserve's Jackson Hole symposium this week to get greater clarity on the future path of interest rates.

Hedge funds and money managers trimmed their bullish stance in COMEX gold in the week to Aug. 13, the U.S. CFTC said.

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Silver Trading Range For The Day Is 43207-44439

Silver trading range for the day is 43207-44439.

Silver prices dropped as stocks and the dollar firmed, but fears of a slowing global economy and lack of clarity on the U.S.-China trade war kept downside limited.

Data showing American consumers continued to splurge in July came as a relief to investors.

China vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods.

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Gold Prices Drifted Lower As Equities Moved Up On Increased Risk Appetite

Gold trading range for the day is 37439-38469.

Gold prices drifted lower as equities moved up on increased risk appetite amid hopes global central banks would step up stimulus to boost growth.

Prices remained under pressure after global financial markets regained footing, as China hinted at more support for its economy.

Investors will shift their focus to the Federal Reserve's annual symposium next week.

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Ref Soyoil Dropped On Profit Booking After Prices Gained

Ref.Soya oil trading range for the day is 743-765.

Ref soyoil dropped on profit booking after prices gained tracking improving physical demand against lower stocks at the ports.

Soyoil imports down 22.8% to 2.23 lt in Jun compared to 2.90 lt last year same month.

Overall, imports are down 4.80% for the first eight months of OY 2018/19 at 16.92 lt compared to last year same period.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 756.3 Rupees per 10 kgs.

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Natural Gas Rose On Forecasts For More Heat And Cooling Demand Next Week

Natural gas trading range for the day is 146.7-157.5.

Natural gas rose on forecasts for more heat and cooling demand next week than previously expected despite an increase in output to a fresh record high.

The amount of gas in inventory has remained below the five-year average since September 2017.

U.S. dry natural gas production will rise to an all-time high of 91.03 billion cubic feet per day in 2019.

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Silver Dropped On News Reports The U.S. Plans To Ease Off On Putting New

Silver trading range for the day is 40706-45790.

Silver dropped on news reports the U.S. plans to ease off on putting new, additional tariffs on Chinese imports.

U.S. trade officials say some of the new tariffs won't go into effect until December, adding that the two sides will resume trade negotiations in a couple weeks.

Goldman Sachs cut its U.S. fourth-quarter growth forecast by 20 basis points to 1.8% and said a U.S.-China trade deal was unlikely before the 2020 U.S. presidential election.

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Gold Dropped After The United States Said It Would Delay Tariffs

Gold trading range for the day is 36606-39250.

Gold dropped after the United States said it would delay tariffs on some Chinese products and on news that both sides agreed to continue trade talks.

USTR said the Trump administration will delay 10% tariffs on certain Chinese products, including laptops and cell phones, that had been scheduled to start next month.

The fears of a possible return to interventionist policies gripped the Argentine market after market-friendly President Macri lost by a much bigger-than-expected margin.

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Soyabean Gained On Short Covering Tracking Firmness In Overseas Prices

Soyabean trading range for the day is 3565-3719.

Soyabean gained on short covering tracking firmness in overseas prices after prices remained under pressure tracking monsoon revival and good supplies.

India 2019-20 soybean sowing at 109.84 lakh ha vs 110.72 lakh ha year ago: Govt

Late planting of the crop in the US this year due to excess rains and flooding in the Midwest is likely to hurt yields

At the Indore spot market in top producer MP, soybean gained 31 Rupees to 3696 Rupees per 100 kgs.

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Copper Prices Dropped As Pressure Seen After Factory Gate Prices In China

Copper trading range for the day is 442.8-447.8.

Copper prices dropped as pressure seen after factory gate prices in China shrank for the first time in three years in July.

Anti-mining protests in Peru have held up about $400 million in copper exports from some of the country's top mines and blocked supplies.

China's imports of unwrought copper and copper products in July climbed to the highest since February and stood at 420,000 mt.

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Silver Prices Gained Amid Concerns Surrounding The U.S.-China Trade War

Silver trading range for the day is 43229-43939.

Silver prices gained amid concerns surrounding the U.S.-China trade war.

Prices also gained after China devalued its yuan in response to the U.S. threat to impose more tariffs on Chinese goods.

The People’s Bank of China set its yuan midpoint weaker than 7 for two days in a row on Thursday and Friday.

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong.

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Gold Trading Range For The Day Is 38050-38444

Gold trading range for the day is 38050-38444.

Gold prices rallied on heightened trade tensions between Washington and Beijing.

Investment demand and a dovish policy stance by central banks around the globe are providing additional support to gold prices.

Federal funds futures implied traders saw a 69% chance of at least 25 basis-point rate cut by the U.S. central bank this September.

Dealers offered discounts of up to $37 an ounce over official domestic prices, the highest since August 2016, versus $35 discounts last week.

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Natural Gas Extended Gains Following The Release Of A Report Showing

Natural gas trading range for the day is 146.1-154.7.

Natural gas extended gains following the release of a report showing a smaller-thanexpected storage build last week.

The U.S. Energy Information Administration said utilities added 55 billion cubic feet (bcf) of gas into storage during the week ended Aug. 2.

U.S. dry natural gas production will rise to an all-time high of 91.03 billion cubic feet per day (bcfd) in 2019, breaking last year's record of 83.39 bcfd.

EIA also projected U.S. gas consumption would rise to 84.65 bcfd in 2019, beating the record-high of 82.07 bcfd a year ago.

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Crude Oil Prices Jumped On The Expectation That Saudi Arabia

Crude oil trading range for the day is 3619-379

Crude oil prices jumped on the expectation that Saudi Arabia, and other producers OPEC may take action to support the market by reducing supply.

Saudis considering all options available to stop oil drop according to officials

A surprise build in U.S. crude inventories added to worries that the China-U.S. trade war could further dampen demand growth this year.

Crude oil imports to China, in July rose 14% from a year earlier as its new refineries ramp up purchases.

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Silver Prices Fell As Global Stock Markets Recovered On A Stronger

Silver trading range for the day is 42232-44184.

Silver prices fell as global stock markets recovered on a stronger-than-expected Chinese yuan daily fixing level.

Fed’s Evans expressed that the high risks to the US economy may require a lower rate of interest than expected.

Despite the losses, the metal received support this week amid escalating trade war between the U.S. and China.

U.S. President Donald Trump threatened to impose from Sept. 1 a 10% tariff on hitherto untaxed Chinese imports of $300 billion last week.

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Gold Dropped On Profit Booking After Prices Gained Supported

Gold trading range for the day is 37358-38290.

Gold dropped on profit booking after prices gained supported by uncertainties around SinoU.S. trade war and a slew of interest rate cuts by global central banks.

Interest rates futures suggested traders are building bets that the Federal Reserve would cut rates three more times by this year-end to avert a recession.

U.S. 10-year Treasury yields dropped further below three-month rates, an inversion that has reliably predicted recessions in the past.

Beijing reported better trade numbers while also limiting the fall in its yuan, offering temporary relief from fears of a global currency war.

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Cotton Gained On Short Covering After Prices Dropped Due To Improved Sowing

Cotton trading range for the day is 19500-20440.

Cotton gained on short covering after prices dropped due to improved sowing, higher imports and weak international prices.

Indian cotton production for the 2019-20 season is seen at 29 million 480 lb bales, down 1% from earlier estimates.

Area in Gujarat under cotton is higher as on 29-Jul-19 at 23.76 lakh ha compared to 25.5 lakh ha last year.

Cotton prices in spot market gained by 100.00 rupees and settled at 20020.00 rupees.

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Jeera Trading Range For The Day Is 16940-17480

Jeera trading range for the day is 16940-17480.

Jeera prices dropped tracking improved arrivals from key growing regions.

As per data arrivals of jeera in Gujarat is about 30,000 tn during 1-30 July compared to 7,500 tn last year same period.

Exports are down by 8.6% at 95,800 tonnes in the first 5-months in 2019.

In Unjha, a key spot market in Gujarat, jeera edged down by -68.55 Rupees to end at 17573.1 Rupees per 100 kg.

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Silver Prices Rallied Buoyed By Safe-Haven Demand Amid The Intensifying U.S.-China Trade

Silver trading range for the day is 42485-44487.

Silver prices rallied buoyed by safe-haven demand amid the intensifying U.S.-China trade war and falling stock markets.

The PBOC said in a statement that the “United States disregards the facts and unreasonably affixes China with the label of ‘currency manipulators.’

Tensions intensified amid U.S. President Trump’s decision last week to impose a 10% tariff on $300 billion of Chinese imports from Sept 1.

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Gold Rallied As The Trade War Between China And The United States

Gold trading range for the day is 37231-38981.

Gold rallied as the trade war between China and the United States showed no signs of abating, spurring investors to seek refuge in safe-haven assets.

Larry Kudlow said the Trump administration wants to continue trade talks with China and is still planning to host a Chinese delegation for talks in September.

Federal Reserve official said it was appropriate to "wait and see" how the upcoming data was, before deciding whether rates should be cut again.

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CPO Settled Up On Short Covering After Prices Dropped On Anticipation

CPO trading range for the day is 520.2-533.8.

CPO settled up on short covering after prices dropped on anticipation of addition to falling export prospects for Malaysian palm oil.

India's refined palm oil imports seen rising to record - SEA

Malaysia's July palm oil exports seen at 1,379,850 tonnes versus June at 1,357,614 tonnes Crude palm oil prices in the spot market gained by 3.00 rupees and settled at 523.10 rupees.

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Aluminium Trading Range For The Day Is 140.2-142

Aluminium trading range for the day is 140.2-142.

Aluminum dropped on profit booking after prices seen supported as Russia’s Rusal suspended operations at Achinsk alumina refinery.

The Chinese yuan weakened below 7 versus the greenback, an 11-year low, as the US-China trade war intensified.

China’s services sector expanded at the slowest pace in five months in July, showed. Growth in the US services sectors also decelerated in July.

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Silver Prices Recovered To End In Green Zone As An Escalation In U.S.-China

Silver trading range for the day is 41951-42825.

Silver prices recovered to end in green zone as an escalation in U.S.-China trade tensions prompted investors to shun riskier assets.

Growth in U.S. service sector activity unexpectedly slowed in the month of July, according to a report released by the Institute for Supply Management

Trade worries rose after the U.S. President Donald Trump announced plans to impose a 10% tariff on additional Chinese imports worth $300 billion.

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Gold Prices Gained As Investors Flocked To Safety After The United States

Gold trading range for the day is 36707-37925.

Gold prices gained as investors flocked to safety after the United States designated Beijing a currency manipulator.

China has retaliated by saying it would take adequate countermeasures to protect the interests of the country and its people.

Indicative of sentiment, holdings of SPDR Gold Trust, rose 0.53% to 835.16 tonnes on Monday from Friday.

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Mentha Oil Dropped On Profit Booking After Prices Seen Supported As Rains In UP

Mentha oil trading range for the day is 1252.6-1285.

Mentha oil spot at Sambhal closed at 1402.70 per 1kg. Spot prices was up by Rs.2.40/-.

Mentha oil dropped on profit booking after prices seen supported as rains in UP could will have adverse impact on the crop sowing.

There were estimations of a 20-25% rise in sowing in 2019 versus last year.

Mentha sowing may witness a huge jump this year because of high returns farmers experienced the whole of last year.

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