Tuesday, 02 Feb 2021 07:38 AM MYT
Video game retailer GameStop Corp, at the centre of last week’s Reddit rally, slid 30.8 per cent to US$225 (RM909.79), but other shares caught up in the frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd. Reuters pic
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LONDON, Feb 2 A social media-driven buying spree lifted silver to an eight-year high yesterday but the rally cooled on doubts about the ability of retail traders who are normally focused on stocks to move prices in a bigger, more liquid commodities market.
Three reasons behind #silversqueeze in the global market and its impact on India
Prices on the futures market zoomed by 13 percent before the shine gave way to reason, though silver ended with 6.3 percent gain at USD 28.70. However, the hammering continued on February 2 with prices declining further by 5.5 percent to USD 27.80.
Silver
Silver’s glitter began to wear off on February 2, 2021, after having surged to an eight-year-high of over $30 an ounce the previous day.
Prices on the futures market zoomed by 13 percent before the shine gave way to reason, though silver ended with 6.3 percent gain at USD 28.70. However, the hammering continued on February 2 with prices declining further by 5.5 percent to USD 27.80.
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FORT COLLINS, Colo. (Reuters) - Speculators’ bullishness in Chicago corn paused a couple weeks ago with futures trading at more than seven-year highs, but an incredible run of U.S. corn sales to China last week may have refreshed investor optimism.
Farmer Roger Hadley loads harvested corn kernels from his John Deere combine (bottom) into his truck and trailer in this aerial photograph taken over Woodburn, Indiana, U.S., October 16, 2020. REUTERS/Bing Guan
The week ended Jan. 26 was very volatile for CBOT corn futures and included a historic plunge in prices followed by a strong rebound, and the most-active contract finished the period up 1.2%.
Canadian dollar strengthens 0 4% against the greenback businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
2/1/2021
CHICAGO, Feb 1 (Reuters) - Following are U.S. trade
expectations for the opening of grain and soy complex trading at
the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on
Monday.
WHEAT - Down 3 to 4 cents per bushel Wheat futures turn lower, retreating from early strength,
awaiting market direction. Strength in corn lends support. Russia is considering a formula-based tax on the wheat it
sends abroad from June 1, a month earlier than previously
stated, two sources familiar with government talks told Reuters
on Saturday. The supplement to the U.S. Commodity Futures Trading
Commission s weekly commitments report showed large speculators