Global cotton trade seen higher this month, says USDA

The U.S. Department of Agriculture said the November global cotton forecast shows slightly higher trade, beginning stocks, and ending stocks. “Use and production are marginally lower. Sharply lower production in Pakistan and Turkmenistan more than offset increases in Australia, China, and Uzbekistan,” it said in its latest World Agriculture Supply and Demand Estimate (WASDE) report. […]

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Comment – Biden’s slim advantage in U.S. poll spooks oil markets

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With a closely-fought election edging slightly towards Democrat nominee Joe Bien, crude oil prices are edging downwards in anticipation of more fuel supplies reaching global markers. On Thursday, Brent crude fell 0.4% to $41.06 a barrel and West Texas Intermediate down 0.7% to $38.87 a barrel. A Biden administration is seen as less bullish for […]

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Gold has enough steam left to gravitate to mid-$2,000/oz

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Gold prices remain below a psychological threshold of $2,000/troy ounce as investors are cautiously watching two key events this week — the U.S. Republican national convention where President Donald Trump will accept  his party’s nomination for the November election and the Federal Reserve’s annual Jackson Hole symposium. While market analysts feel there could be some […]

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