RECENT Industry RESEARCH
Base metals in the LME rose on January 18, 2016. They started the week on a positive note. On January 18, the NYSE was closed for Martin Luther King Day.
Corn futures on the CBOT, for March delivery, settled at $3.63 per bushel on January 15, 2016. Corn prices rose due to negative production sentiments from Brazil.
Base metals drifted to lower price levels in the week ended January 16, 2016. Copper, aluminum, and nickel all declined for the second straight week.
On January 15, all base metals in LME fell to lower price levels. Glencore (GLNCY), Alcoa (AA), BHP Billiton (BHP), and Rio Tinto (RIO) fell 6.3%, 4.7%, 6.9%, and 6.3%, respectively.
Corn prices received mixed sentiments from the rise in weekly export sales and higher production projections due to export competition from South America.
After a string of losing days, base metals recovered on January 13, 2016. Except for tin, all of the base metals rose on January 13 in the LME.
Corn futures on the CBOT (Chicago Board of Trade), for March delivery, rose slightly by 0.35% and settled at $3.58 per bushel on January 13, 2016.
Corn prices rose following the lower-than-projected yield from the USDA’s WASDE (World Agricultural Supply and Demand Estimates) report.
On January 12, 2016, all base metals—except for lead—in the London Metal Exchange (or LME) fell to lower price levels. Tin was the biggest loser on Tuesday.
Corn futures on the Chicago Board of Trade (or CBOT) for March expiration fell by 1.5% and settled at $3.57 per bushel on January 11, 2016.
On Monday, January 11, all base metals on the LME (London Metals Exchange) declined, closing the day at low price levels.
China’s December 2015 manufacturing PMI (purchasing managers’ index) was 48.2. A PMI below 50 indicates a slowing rate of economic activities.
On January 8, 2016, all base metals with the exception of copper and lead on the London Metals Exchange gained. The SPDR S&P Metals & Mining ETF (XME) declined 2.7% on January 8.
In the week ended on January 9, all base metals on the London Metal Exchange (LME) declined. The LME 3M Lead was the biggest loser of base metals last week with a loss of 9.6%.
With the growing economy and global investment horizons, investments have shifted beyond the traditional options to specialized REITs.
Corn futures on the Chicago Board of Trade (or CBOT) for March delivery decreased by a quarter of a cent and settled at $3.53 per bushel on January 7, 2016.
On Thursday, January 7, 2016, major base metals continued to fall to lower price levels. Except for aluminum, all of the other base metals fell in the LME.
Corn futures on the Chicago Board of Trade, for March delivery, settled at $3.5 per bushel on January 6. Corn’s price rose due to higher demand anticipation.
All base metals except aluminum and nickel fell in yesterday’s trade on the London Metal Exchange (LME). LME 3M (three-month) copper fell 0.53% yesterday to close at $4,620 per metric ton.
Corn futures on the Chicago Board of Trade for March expiry rose by 0.43% and settled at $3.53 per bushel on January 5, 2016. Corn prices advanced due to low export indications from Brazil.