soybean meal exports declined at a Compound annual growth rate (CAGR) of 5.4% in the last 20 years while domestic consumption grew at a CAGR of 8.3% at the same time. The domestic consumption growth for soybean meal is attributed to the increasing appetite for eggs, poultry meat, and fish which has resulted in an
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It doesn’t take any deep analysis to see what’s coming in the auto market. During the pandemic, there was a boom in auto sales and people paid way too much. Now the bills are coming due and governments are no longer stuffing consumer wallets. On top of that, interest rates are surging so the people
gold buying typically happens behind the scenes, the recent record-high purchases created a stir in the market and raises the question of whether central banks know more. Judging by their investment performance, we do not believe they know more. Instead, we see their behaviour as sending political statements to Washington, Berlin, or Brussels. Dating back
Risk sentiment took a U-turn last week after more hawkish than expected FOMC projections and, more important, ECB forward guidance. Euro ended as the biggest winner for the week, trained by Swiss Franc, and the Dollar. Australian Dollar was the worst performer, followed by Sterling, and then Kiwi. Canadian Dollar and Yen ended mixed. The
Treasury yields tried to move up today but cracked back lower. That’s left: 2s -8.3 bps to 4.16% 10s +2 bps to 3.71% 30s +2.7 bps to 3.52% The first thing to note is the inversion of the yield curve, which is still at 69 bps despite today’s bull flattening. The second thing to note
New Delhi: Even as silver has had a volatile 2022, with the white metal seeing strong profit booking currently, it has managed to beat the yellow metal – gold. However, silver is not merely a precious metal as it has some industrial value too. The low industrial demand due to the global slowdown and drastic
Markets: Gold up $16 to $1793 US 10-year yields up 3.6 bps to 3.48% WTI crude oil down $1.80 to $74.31 S&P 500 down 43 points to 3852 (-1.1%) JPY leads, CHF lags The market continued to digest the Fed and ECB stance on Friday and the message is a souring of the mood, leading
Oil fell over 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks, but was still poised for a weekly gain amid supply disruption concerns and hopes for a recovery of demand in China. The U.S. Federal Reserve indicated it will raise interest rates further next year, even as
Sterling is staying as one of the weakest for the week, after being sold off on weak economic data. The pressure is particularly apparent against Euro and Swiss Franc, which are the strongest ones for the week. While the financial markets are clearly in risk-off mode, Dollar is struggling to find renewed buying for now.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
New Delhi: Gold prices traded flat with a negative bias on Friday after the US Federal Reserve projected higher interest rates for a longer period. The Fed on Wednesday raised interest rates by 50 basis points. Fed Chair Jerome Powell said that the central bank would deliver more hikes next year even as the economy
Euro is now the strongest one for the week, following the post-ECB rally overnight. Swiss Franc is trailing the common currency as the next strongest, and then Canadian. Dollar tried to rebound overnight on risk-off sentiment. Some progress is made by the greenback but more is needed to prove a reversal. Australian and New Zealand
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Raw sugar futures on ICE hit their highest in nearly six years on Thursday as flows from no. 2 exporter India, much needed at this time of the year, dwindle. SUGAR * March raw sugar was up 1.2% at 20.53 cents per lb, having earlier hit its highest since Feb 2017 at 20.73. * Dealers
Dollar rebounds broadly following risk-off sentiment as delayed reaction to Fed’s hawkish projections overnight. SNB, BoE and ECB met expectations with 50bps rate hike. Euro is strong as ECB maintains hawkish bias, with upward revision in inflation projections. Swiss Franc is the third strongest after SNB indicates the possibility of more tightening. Meanwhile, Sterling is
Headlines: Markets: USD leads, AUD lags on the day European equities lower; S&P 500 futures down 1.0% US 10-year yields down 2 bps to 3.464% Gold down 1.6% to $1,778.53 WTI crude flat at $77.31 Bitcoin down 0.7% to $17,706 The focus of trading today is centered around key central bank decisions and we saw
Gold prices have softened on Thursday after hitting a nine-month high which will accelerate wedding season gold demand. In the spot market, the highest purity gold was selling below Rs 54,000 per 10 gram mark Colin Shah, MD. Kama Jewelry said “Gold prices slipped below the $1800 mark briefly, in the domestic market it is
Market reactions to the more hawkish than expected Fed projections were relatively muted. Stocks ended just slightly down while there was no buying momentum for Dollar. The greenback is staying as the worst performer for the week, followed by commodity currencies. Euro is leading Sterling and Swiss Franc as the strongest ones while Yen is