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Commodity Watch
21 Jul | 11:04PM
FUTURES PRICE(Near month contract prices)
The gold rush heats up as sub-zero yields spread
For five years, resistance above $1,350 an ounce was too much for bullion to overcome.
How a Persian Gulf conflict could impact commodities markets
Oil could jump to $100 a barrel or higher immediately after a war breaking out.
Oil rises after US Navy downs Iranian drone; set for weekly fall
West Texas Intermediate crude futures were 81 cents higher at $56.11 per barrel.
Gold eases from six-year peak but remains on track for weekly gain
US gold futures hung on to gains, advancing by about 1 per cent to $1,441.10.
Top News
Crude oil futures gain on firm global cues Mentha oil prices climb on an uptick in spot demand How gold, oil, base metals and agri-commodities may fare today Gold Rate Today: Gold prices jump on Fed rate cut hopes Inclement weather likely to cut soyabean, pulses output Instant coffee exports slow down on low output Basmati rice drops 10% as sales hit on delayed pay
Base Metals: Copper, zinc, nickel futures up on spot demand
On the MCX, copper contracts for July delivery rose by Rs 8.85 to Rs 456.40 per kg.
Calendar Spread
(Far - Near month contract)
Commodities
SPREAD (Rs)
CHART (Day)
Calendar Spread
(Far - Near month contract)
Calendar Spread means entering a long and short position on the same underlying asset futures but with different delivery months. The strategy to play with calendar spread is to understand how much premium/discount two different contracts are trading at.(Far - Near month contract)
Disclaimer:These Strategies are not ET recommended its a market overview.
(Near Month Futures - Spot Price)
COMMODITIES
FUTURES (Rs)
SPOT (Rs)
PREM/DISC
Calender Spread
Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Its relevance in derivatives market is to understand the trend whether it’s bullish or bearish. Moreover it helps arbitrageurs and hedgers to decide on cost of carry.Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Disclaimer:These Strategies are not ET recommended its a market overview.
Hot/Cold Contract
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The gold rush heats up as sub-zero yields spread
For five years, resistance above $1,350 an ounce was too much for bullion to overcome.
For five years, resistance above $1,350 an ounce was too much for bullion to overcome.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Crude oil futures gain on firm global cues
The rise in crude oil futures was largely in tandem with a firm trend in global market.
The rise in crude oil futures was largely in tandem with a firm trend in global market.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Base Metals: Copper, zinc, nickel futures up on spot demand
On the MCX, copper contracts for July delivery rose by Rs 8.85 to Rs 456.40 per kg.
On the MCX, copper contracts for July delivery rose by Rs 8.85 to Rs 456.40 per kg.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Prices of cardamom, Queen of Spices, soar as wild weather wipes Indian production
Prices will continue to rise in the long-term and we have reached this point because of climate change.
Prices will continue to rise in the long-term and we have reached this point because of climate change.
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Agri Commodities: Guar gum, castor seed, coriander rise on spot demand
Guar seed contracts for August delivery also rose by Rs 16.5 to Rs 4,330 per 10 quintal.
Guar seed contracts for August delivery also rose by Rs 16.5 to Rs 4,330 per 10 quintal.
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COMMODITIES
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Centre’s wheat buy a tad less this year despite big output
This is despite a record harvest of 101.20 MT and highest minimum support price (MSP) of Rs 1,840 a quintal.
This is despite a record harvest of 101.20 MT and highest minimum support price (MSP) of Rs 1,840 a quintal.
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COMMODITIES
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Global slump crimps cotton yarn exports
This year, yarn exports are down to China, Bangladesh, Pakistan and European markets.
This year, yarn exports are down to China, Bangladesh, Pakistan and European markets.
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COMMODITIES
PLACE
PRICE
UNIT
Mentha oil prices climb on an uptick in spot demand
Mentha rebounded on the back of buying at lower demand and improved sentiments.
Mentha rebounded on the back of buying at lower demand and improved sentiments.
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