Gold Silver Reports — The United States has got a lot of crude oil on its hands right now. According to data released by the US Energy Information Administration (EIA), stockpiles swelled by a further 4.95 million barrels to 533.1 million barrels.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Six Day Winning Streak Ranks
Gold Silver Reorts — Gold prices are steadily climbing as equities retreat and concern deepens among investors that Donald Trump won’t deliver on pro-growth promises for the U.S. economy.
SAFE HAVEN BUYING BOOSTS GOLD NEAR $1252 MARK
Gold Silver Reports — Gold MCX edged up near 2017 highs on heightened safe haven buying. A terrorist attack in London made stocks nervous globally yesterday. Around five people, including the assailant, were killed and at least 40 others injured in the attack.
MINE SHUTDOWNS AND RESUMPTIONS KEEP COPPER TRADERS INTERESTED
Gold Silver Reports — A bunch of news in Copper arena has made the contacts quite intesreting. Speculative activity is on the rise. Grasberg has begun a staged restart of operations. With production of copper concentrate expected to steadily rise as the mine gets back up and running.
RUSSIA PEAS EXPORTS DOWN 5 PERCENT SO FAR IN MY2017/18
Gold Silver Reports — As per official data, Russia exported 428 KMT of peas in the seven months of MY 2016/17, or 5% less than at the same time last season (450n++KMT in July-January 2015/16).
GLOBAL COPPER SUPPLY IN SURPLUS OF 17000 TONNES IN DECEMBER 2016
Gold Silver Reports — The International Copper Study Group (ICSG) published the latest monthly report showed in December 2016, global copper supply surplus of 17,000 tons, the total shortage of 5,500 tons in whole year, was below the supply shortages of 164,000 tons for 2015.
CHINA TO REMAIN NET IMPORTER OF OILSEEDS IN MY 2016/17
Gold Silver Reports — China continues to be the largest oilseed importer in the world.In MY15/16, Chinas total oilseed imports reached 87.93 million tons (MMT). Chinese total soybean imports hit another record at 83.23 MMT, absorbing 61 percent of total world exports, and 59 percent of total U.S. soybean exports. United States Department of Agriculture (USDA) estimates this growing trend in soybean imports will continue and reach 86 MMT in MY16/17, and 89 MMT in MY17/18.