Opalesque Commodities Briefing » Futures and Options http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en Japan’s need for aluminum premium futures is limited, says LME chief http://www.opalesque.com/Commodities_Briefing/?p=144557 http://www.opalesque.com/Commodities_Briefing/?p=144557#comments Wed, 30 Nov 2016 00:00:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144557 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144557>Article Link</a> Japan’s need for aluminum premium futures is limited, London Metal Exchange CEO Garry Jones told the LME Tokyo Gala event Tuesday. LME launched four physically settled regional aluminum premium contracts, including Northeast Asia premium contracts for delivery to Japan and South Korea, in November 2015. (more…)

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Chinese iron ore futures rise for third day with steel http://www.opalesque.com/Commodities_Briefing/?p=144505 http://www.opalesque.com/Commodities_Briefing/?p=144505#comments Thu, 24 Nov 2016 23:04:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144505 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144505>Article Link</a> Iron ore futures in China rose for a third straight day, and at one point hit the highest level in almost three years, supported by firmer steel prices in the world’s top consumer. Both iron ore and steel came off the day’s peaks, but the recovery in futures from last week’s slide had lifted the price of spot iron ore by nearly 8 per cent in two days as physical buyers chased higher prices. (more…)

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Goldman Sachs and Chinese speculators fuel soy market rally http://www.opalesque.com/Commodities_Briefing/?p=144455 http://www.opalesque.com/Commodities_Briefing/?p=144455#comments Tue, 22 Nov 2016 23:20:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144455 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144455>Article Link</a> The rally in soybean futures continued, as funds pile into the oilseed, but what is fuelling this fund buying? One factor is that Chinese soy-complex and vegoil markets are once again in bull-mode, after the government stepped in to cool speculation last week. (more…)

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Chinese commodity futures turmoil casts doubt on possible trading links http://www.opalesque.com/Commodities_Briefing/?p=144429 http://www.opalesque.com/Commodities_Briefing/?p=144429#comments Sun, 20 Nov 2016 23:44:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144429 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144429>Article Link</a> Price fluctuations reveal that the mainland market is still too much of a speculative gamble for Hong Kong and overseas investors, analysts say. With the launch of the Shenzhen-Hong Kong Stock Connect approaching, some observers now expect the next step in Hong Kong’s financial links to the mainland could come through commodities trading. (more…)

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China commodity futures dive as long rally fizzles http://www.opalesque.com/Commodities_Briefing/?p=144390 http://www.opalesque.com/Commodities_Briefing/?p=144390#comments Wed, 16 Nov 2016 23:23:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144390 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144390>Article Link</a> A months-long rally in China’s commodity futures may be coming to an end after the country’s exchanges took steps to crack down on speculative trading. Futures for coal and iron ore that rallied sharply this year have gyrated this week following a dramatic rout on Friday evening after China’s three commodity exchanges increased margin requirements. (more…)

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Chinese regulator bans futures brokers from providing margin financing http://www.opalesque.com/Commodities_Briefing/?p=144279 http://www.opalesque.com/Commodities_Briefing/?p=144279#comments Fri, 11 Nov 2016 00:44:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144279 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144279>Article Link</a> China’s futures brokers have been banned from providing margin financing, part of tighter measures aimed at cracking down speculation in the overheated financial market, according to a report in state-owned Shanghai Securities News. (more…)

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Is wheat undervalued on the futures market?: Braun http://www.opalesque.com/Commodities_Briefing/?p=144159 http://www.opalesque.com/Commodities_Briefing/?p=144159#comments Tue, 01 Nov 2016 23:22:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144159 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144159>Article Link</a> Given the world’s ever-expanding inventories of wheat and corn, it seems hard to argue for higher prices for either one. Although the currently low wheat-to-corn price differential is particularly favorable for the use of feed wheat worldwide, support for Chicago wheat futures may lie within the fundamentals. (more…)

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Election 2016: Trump Better for Gold, But For All The Wrong Reasons http://www.opalesque.com/Commodities_Briefing/?p=144150 http://www.opalesque.com/Commodities_Briefing/?p=144150#comments Tue, 01 Nov 2016 23:19:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144150 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144150>Article Link</a> Gold futures are now trading at almost $1,291 an ounce. And HSBC analyst James Steel says the price for the precious metal will rise through 207 no matter who ends up living in the White House. (more…)

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Gold rebounds after October loss to finish at 1-month high http://www.opalesque.com/Commodities_Briefing/?p=144149 http://www.opalesque.com/Commodities_Briefing/?p=144149#comments Tue, 01 Nov 2016 23:18:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144149 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144149>Article Link</a> Gold futures on Tuesday snapped back from a tough October, sending prices to their highest finish in about a month, while the dollar dipped as uncertainty surrounding the outcome of the U.S. presidential election buoyed investment demand for the yellow metal. (more…)

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Sebi axe likely to fall on illiquid commodities http://www.opalesque.com/Commodities_Briefing/?p=143841 http://www.opalesque.com/Commodities_Briefing/?p=143841#comments Wed, 12 Oct 2016 02:01:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143841 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143841>Article Link</a> In its continuing efforts to improve risk management at the exchanges’ end, market regulator Securities and Exchange Board of India (Sebi) is considering suspending trading in commodities or contracts that are illiquid. During its first year of regulating commodity derivatives after the merger of the Forward Markets Commission (FMC) with it, Sebi has focused on improving risk management of commodity exchanges with the powers it has. (more…)

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Options Traders Bet on More Pain for Gold http://www.opalesque.com/Commodities_Briefing/?p=143824 http://www.opalesque.com/Commodities_Briefing/?p=143824#comments Mon, 10 Oct 2016 22:15:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143824 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143824>Article Link</a> Options traders are betting gold prices have more room to fall. Last week, as gold suffered its biggest weekly decline in three years, the cost of protecting against a decline in the shiny metal became more expensive than protecting against a rise, according to Macro Risk Advisors. (more…)

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Sebi allows options trading in commodities http://www.opalesque.com/Commodities_Briefing/?p=143646 http://www.opalesque.com/Commodities_Briefing/?p=143646#comments Thu, 29 Sep 2016 02:05:00 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143646 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143646>Article Link</a> Sebi’s move aims to enhance liquidity and broad base participation in the commodity market. Capital markets regulator Securities and Exchange Board of India (Sebi) on Wednesday allowed commodity derivative exchanges to launch options contracts for trading with the aim of increasing liquidity and attracting more investors to the commodities market. (more…)

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Derivative trading rules for commodity bourses tightened http://www.opalesque.com/Commodities_Briefing/?p=143525 http://www.opalesque.com/Commodities_Briefing/?p=143525#comments Wed, 21 Sep 2016 02:30:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143525 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143525>Article Link</a> Before launching any futures contract, its specifications and launch calendar have to be notified well in advance to the market, Sebi said. The Securities and Exchange Board of India (Sebi) tightened on Tuesday the norms for derivatives traded on commodity bourses and said the terms of a futures contract cannot be changed without taking the regulator’s approval and informing market participants in advance. (more…)

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Hedge Funds Are Uprooting Agriculture Futures Contracts http://www.opalesque.com/Commodities_Briefing/?p=143337 http://www.opalesque.com/Commodities_Briefing/?p=143337#comments Wed, 07 Sep 2016 03:53:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143337 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143337>Article Link</a> Eight times in the nine weeks leading up to August 15, 2016, hedge fund managers reduced their positions in agricultural futures, with cotton, wheat and corn particular sell-off targets. (more…)

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Why Hedge Funds are Mass-Selling Agricultural Futures http://www.opalesque.com/Commodities_Briefing/?p=143336 http://www.opalesque.com/Commodities_Briefing/?p=143336#comments Wed, 07 Sep 2016 03:53:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143336 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143336>Article Link</a> Agrimoney.com has reported that net long positions on key agricultural futures across the hedge fund industry have declined significantly in the past two to three months, down from roughly 600,000 contracts to 367,000 contracts in play. (more…)

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Sebi tightens risk management for commodity derivatives http://www.opalesque.com/Commodities_Briefing/?p=143277 http://www.opalesque.com/Commodities_Briefing/?p=143277#comments Fri, 02 Sep 2016 02:08:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143277 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143277>Article Link</a> The Securities and Exchange Board of India (Sebi) announced a series of measures for strengthening and upgrading of risk management in commodity derivatives markets. Some new concepts were also introduced to deal with liquidity problems in stressed situations. (more…)

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Gold futures may climb toward $1,400 by end of year: analyst http://www.opalesque.com/Commodities_Briefing/?p=143239 http://www.opalesque.com/Commodities_Briefing/?p=143239#comments Wed, 31 Aug 2016 00:57:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143239 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143239>Article Link</a> Gold futures still have room to climb this year even as the Federal Reserve seesaws between a dovish and hawkish stance on monetary policy. Prices for the yellow metal may make “another try” at the $1,400-an-ounce level later this year, George Milling-Stanley, head of gold investment strategy at State Street Global Advisors, said. (more…)

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Oil futures end higher after a choppy session http://www.opalesque.com/Commodities_Briefing/?p=143060 http://www.opalesque.com/Commodities_Briefing/?p=143060#comments Thu, 18 Aug 2016 01:05:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143060 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143060>Article Link</a> Oil futures finished higher Wednesday, getting a lift from bigger-than-expected declines in U.S. supplies of crude and gasoline as well as a retreat in the dollar following minutes from the Federal Reserve’s July meeting. (more…)

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Palladium futures settle at highest level in over a year http://www.opalesque.com/Commodities_Briefing/?p=142945 http://www.opalesque.com/Commodities_Briefing/?p=142945#comments Thu, 11 Aug 2016 01:53:04 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142945 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142945>Article Link</a> Palladium futures rallied Wednesday to settle at their highest level in more than a year, with strong vehicle sales in China implying strong demand for the metal used in car-making. (more…)

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Oil Options Traders Don’t See Dip to $40 Leading to Market Rout http://www.opalesque.com/Commodities_Briefing/?p=142824 http://www.opalesque.com/Commodities_Briefing/?p=142824#comments Wed, 03 Aug 2016 01:25:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142824 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142824>Article Link</a> Oil analysts from Citigroup Inc. to Bank of America Merrill Lynch are confident that the new bear market in crude will be short-lived. The options market increasingly agrees with them. Investors are paying the smallest premium in two months to protect against a drop in prices from now through the end of the year, even after oil entered a bear market. (more…)

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Commodity derivatives: Sebi finalising stricter warehousing rules http://www.opalesque.com/Commodities_Briefing/?p=142811 http://www.opalesque.com/Commodities_Briefing/?p=142811#comments Wed, 03 Aug 2016 01:22:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142811 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142811>Article Link</a> The Securities and Exchange Board of India (Sebi) is to finalise stricter regulations for warehouse service providers (WSPs) that are recognised by commodity exchanges (comexes), especially for storing goods meant for selling on the exchange platforms. This will be very significant for trading in agricultural commodities. (more…)

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The Best Way to Trade Commodities Without Playing the Futures Market http://www.opalesque.com/Commodities_Briefing/?p=142747 http://www.opalesque.com/Commodities_Briefing/?p=142747#comments Fri, 29 Jul 2016 01:58:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142747 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142747>Article Link</a> Investors love having as many options as possible available to them to make a profit. Stock trading software and platforms are a dime a dozen, and option trading has become equally ubiquitous in the everyday investor’s world. However, commodities always seemed just out of reach for all but the wealthy or professional investor. (more…)

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Commodity futures may see some new reforms http://www.opalesque.com/Commodities_Briefing/?p=142677 http://www.opalesque.com/Commodities_Briefing/?p=142677#comments Mon, 25 Jul 2016 04:05:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142677 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142677>Article Link</a> Hopes have grown of reforms in the 13-year-old commodity futures market with Sebi likely to consider an advisory committee’s recommendation for new products and participants. Until now, trading of commodity futures has willy-nilly been the preserve of retail traders and a few corporates. (more…)

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Copper Futures Slide as Chinese Production Climbs in First Half http://www.opalesque.com/Commodities_Briefing/?p=142628 http://www.opalesque.com/Commodities_Briefing/?p=142628#comments Thu, 21 Jul 2016 00:37:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142628 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142628>Article Link</a> Copper retreated on concern that supply will keep outpacing demand as data showed rising output in China, the biggest producer and user of refined metal. A stronger dollar also hit commodities priced in the currency. (more…)

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China steel-linked commodities futures tumble, on expectation gains outpacing physical demand http://www.opalesque.com/Commodities_Briefing/?p=142595 http://www.opalesque.com/Commodities_Briefing/?p=142595#comments Tue, 19 Jul 2016 01:44:35 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142595 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142595>Article Link</a> Chinese steel-related commodities futures dived on Monday, erasing last week’s rally as investors felt the previous gains outpaced physical demand for steel in China, the world’s top producer. (more…)

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Anyone Can Trade Commodities on the Futures Market http://www.opalesque.com/Commodities_Briefing/?p=142529 http://www.opalesque.com/Commodities_Briefing/?p=142529#comments Thu, 14 Jul 2016 01:40:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142529 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142529>Article Link</a> Before money, people traded grain and precious metals directly with one another. Today, corn, wheat, gold and other commodities are traded through futures contracts that guarantee the purchase or sale of a given amount of the underlying commodity for a stated price on a set date. (more…)

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BSE plans trading in commodity derivative segment http://www.opalesque.com/Commodities_Briefing/?p=142463 http://www.opalesque.com/Commodities_Briefing/?p=142463#comments Tue, 12 Jul 2016 01:23:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142463 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142463>Article Link</a> Leading bourse Bombay Stock Exchange (BSE) plans to launch commodity derivative segment which will allow trading in metals and has approached market regulator Sebi for approval. “BSE plans to set up a commodity derivative segment as soon as approvals are in place. It would consist of non-agricultural commodities like metal, oil and gas,” BSE Managing Director and CEO Ashishkumar Chauhan said. (more…)

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Top China commodity exchange pledges ‘zero tolerance’ for abuse http://www.opalesque.com/Commodities_Briefing/?p=142462 http://www.opalesque.com/Commodities_Briefing/?p=142462#comments Tue, 12 Jul 2016 01:23:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142462 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142462>Article Link</a> The Shanghai Futures Exchange has vowed it won’t tolerate any abuse of trading rules after the unprecedented boom-bust episode earlier this year, adding that its products aren’t for mom and pop investors. (more…)

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Will oil price surge if Remain wins the EU referendum? http://www.opalesque.com/Commodities_Briefing/?p=142231 http://www.opalesque.com/Commodities_Briefing/?p=142231#comments Fri, 24 Jun 2016 02:56:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142231 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142231>Article Link</a> Oil futures, like most risk assets, has been doing better in recent days as traders take heart from a late polls shift to Remain ahead of the EU referendum. Having fallen for six consecutive sessions from a 2016 high of $53 two weeks ago, international benchmark Brent crude returned to $50 earlier this week. It has been held back from further gains by supply concerns – so would a Remain victory send it soaring? (more…)

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U.S. derivatives regulator rethinks algorithmic trading proposal http://www.opalesque.com/Commodities_Briefing/?p=142116 http://www.opalesque.com/Commodities_Briefing/?p=142116#comments Fri, 17 Jun 2016 00:45:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=142116 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=142116>Article Link</a> The U.S. derivatives regulator is rethinking parts of its proposal to regulate automated trading and looking into whether the rule could affect too many people, it said on Thursday. The Commodity Futures Trading Commission, announcing it had reopened the public comment period on the rule through June 26, also said it is considering who should mitigate the risks of algorithmic trades and how the rule would apply when traders purchase their algorithms and systems. (more…)

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China’s iron and steel futures lead falls in commodities http://www.opalesque.com/Commodities_Briefing/?p=141858 http://www.opalesque.com/Commodities_Briefing/?p=141858#comments Wed, 01 Jun 2016 01:48:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141858 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141858>Article Link</a> Copper and gold face biggest monthly drop in six months as dollar strength takes toll in market pricing. China’s steel and iron ore futures are set for their worst monthly performance on record as a stronger US dollar weighed on commodities from copper to gold during May. (more…)

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HKEX Gets Approval to Launch Four New Renminbi Currency Futures http://www.opalesque.com/Commodities_Briefing/?p=141732 http://www.opalesque.com/Commodities_Briefing/?p=141732#comments Mon, 23 May 2016 23:28:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141732 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141732>Article Link</a> Euro, Japanese yen, United States dollar, and Australian dollar futures will be launched against the Chinese renminbi (CNH or offshore RMB) by Hong Kong Exchanges and Clearing (HKEX) which today announced that it received regulatory approval to offer the four new RMB currency futures set to go live on May 30th, 2016. (more…)

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India: Coming, new commodity derivative products http://www.opalesque.com/Commodities_Briefing/?p=141626 http://www.opalesque.com/Commodities_Briefing/?p=141626#comments Mon, 16 May 2016 02:32:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141626 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141626>Article Link</a> New derivative products in the commodity markets are likely to be launched by the Securities and Exchange Board of India in the coming months. Three sub-working groups of the market regulator are looking at various issues relating to commodity derivatives – polling of prices, option limit and eligibility criteria for commodities to qualify for future trading. The groups are expected to submit their reports shortly. (more…)

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Africa’s Economic Future without Commodity Dependence http://www.opalesque.com/Commodities_Briefing/?p=141546 http://www.opalesque.com/Commodities_Briefing/?p=141546#comments Wed, 11 May 2016 01:06:42 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141546 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141546>Article Link</a> The current slump in world commodity prices is forcing Africa to rethink its traditional dependence on raw material exports. This is why the time for African nations to lay the foundations for transitioning from extractive to learning economies is now. (more…)

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China steel, iron ore futures dive as demand worries batter commodities http://www.opalesque.com/Commodities_Briefing/?p=141509 http://www.opalesque.com/Commodities_Briefing/?p=141509#comments Tue, 10 May 2016 01:32:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141509 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141509>Article Link</a> Chinese commodities dived on Monday, led by 6 percent falls in steel and iron ore futures, as deepening worries about China’s demand extended a fortnight of sharp drops and false rebounds in the country’s market for industrial metals. (more…)

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China curbs commodity futures speculation http://www.opalesque.com/Commodities_Briefing/?p=141430 http://www.opalesque.com/Commodities_Briefing/?p=141430#comments Thu, 05 May 2016 01:20:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141430 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141430>Article Link</a> Chinese regulators appear to have successfully popped a mini-bubble for now in steel and other commodity futures, scaring off speculators who piled in last month to drive steep gains in the prices of raw materials from coal to cotton. (more…)

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Indian regulator Sebi may allow options in select commodities http://www.opalesque.com/Commodities_Briefing/?p=141403 http://www.opalesque.com/Commodities_Briefing/?p=141403#comments Wed, 04 May 2016 00:59:33 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141403 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141403>Article Link</a> The Securities and Exchange Board of India (Sebi) is in talks with leading commodity exchanges about allowing options trading in select commodities. According to sources, the Multi Commodity Exchange might be allowed to introduce options in two metals, while the National Commodity & Derivatives Exchange (NCDEX) could be permitted options in two commodities from the oil complex. (more…)

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Agricultural Commodities Egged On by China’s Futures Frenzy http://www.opalesque.com/Commodities_Briefing/?p=141397 http://www.opalesque.com/Commodities_Briefing/?p=141397#comments Tue, 03 May 2016 01:18:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141397 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141397>Article Link</a> The recent fevered commodities trading in China hasn’t been limited to iron ore. Investors have piled into futures for everything from wheat and cotton to eggs and asphalt. As with industrial metals, analysts reckon much of the interest is coming from speculative investors who have been turned off to China’s stock markets by tighter rules over trading. (more…)

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China securities regulator orders major commodities exchanges to control futures speculation http://www.opalesque.com/Commodities_Briefing/?p=141353 http://www.opalesque.com/Commodities_Briefing/?p=141353#comments Fri, 29 Apr 2016 01:26:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141353 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141353>Article Link</a> China’s securities regulator ordered the country’s major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle. (more…)

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Speculative Bubble in China Commodity Futures Rattles Industry Players http://www.opalesque.com/Commodities_Briefing/?p=141317 http://www.opalesque.com/Commodities_Briefing/?p=141317#comments Thu, 28 Apr 2016 01:01:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141317 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141317>Article Link</a> A surge of volatility in China’s once placid commodities futures markets has rattled industrial players who use them for hedging, with some taking losses or cutting exposure, driven out by a flood of speculative money from hedge funds and retail investors. (more…)

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Chinese commodity curbs hit iron and steel futures http://www.opalesque.com/Commodities_Briefing/?p=141298 http://www.opalesque.com/Commodities_Briefing/?p=141298#comments Wed, 27 Apr 2016 00:47:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141298 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141298>Article Link</a> China’s heavily traded iron ore and steel futures slid Tuesday after curbs aimed to cut speculation came into effect. The most active iron ore contract on the Dalian Commodity Exchange closed down 6 per cent at 450.5 yuan a tonne, while steel rebar futures dropped 3.8 per cent to close at 2,554 yuan a tonne. (more…)

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Commodity futures lead charge in exchange-traded derivatives http://www.opalesque.com/Commodities_Briefing/?p=141154 http://www.opalesque.com/Commodities_Briefing/?p=141154#comments Tue, 19 Apr 2016 01:24:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=141154 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=141154>Article Link</a> Exchanges hope to capture a larger share of derivatives trading, on demand from emerging markets. Trading in commodity and currency derivatives surged on the world’s exchanges last year as traders in emerging economies used futures to hedge themselves against rising market volatility. (more…)

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Gold scores biggest quarterly gain in nearly 30 years http://www.opalesque.com/Commodities_Briefing/?p=140905 http://www.opalesque.com/Commodities_Briefing/?p=140905#comments Fri, 01 Apr 2016 02:55:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140905 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140905>Article Link</a> Gold futures settled higher Thursday, scoring their best quarterly performance since 1986—a year when “Top Gun” was the most popular movie. Bullion has benefited as the Federal Reserve’s dovish stance on policy has softened the highflying U.S. dollar. (more…)

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Sebi allows commodity derivatives trading in bourses at IFSC http://www.opalesque.com/Commodities_Briefing/?p=140730 http://www.opalesque.com/Commodities_Briefing/?p=140730#comments Fri, 18 Mar 2016 01:11:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140730 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140730>Article Link</a> India’s markets regulator Sebi has allowed trading in commodity derivatives at stock exchanges operating in International Financial Services Centre (IFSC). The move comes after amendment was made under Securities Contracts Regulation Act to include commodity derivatives as securities. (more…)

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India: Budget signals introduction of new commodity derivatives products http://www.opalesque.com/Commodities_Briefing/?p=140451 http://www.opalesque.com/Commodities_Briefing/?p=140451#comments Tue, 01 Mar 2016 00:20:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140451 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140451>Article Link</a> While the FM did not specify products likely to be introduced, market participants expect the introduction of option contracts in commodity derivatives, similar to those available in equities. Finance minister Arun Jaitley on Monday indicated that the government plans to allow the launch of new commodity derivative products to help deepen the markets. (more…)

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Lawmakers Urge Commodities Agency to Keep Plan to Limit Futures Contracts http://www.opalesque.com/Commodities_Briefing/?p=140413 http://www.opalesque.com/Commodities_Briefing/?p=140413#comments Fri, 26 Feb 2016 00:54:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140413 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140413>Article Link</a> Lawmakers heaped criticism on an advisory committee report to the Commodity Futures Trading Commission recommending that the agency scrap its proposed rule on position limits in derivatives trading. The report and a dissenting opinion were presented at a meeting of the commission on Thursday. (more…)

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Indian Regulator puts rider for commodity derivative reforms http://www.opalesque.com/Commodities_Briefing/?p=140206 http://www.opalesque.com/Commodities_Briefing/?p=140206#comments Fri, 12 Feb 2016 00:24:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=140206 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=140206>Article Link</a> At an event here, P K Bindish, chief general manger at the regulatory body, the Securities and Exchange Board of India (Sebi), said: “We want the commodity futures market to bring risk management at par with the equity market before allowing new instruments and a new set of participants for hedging on commexes.” (more…)

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Euronext Expands Commodity Derivatives http://www.opalesque.com/Commodities_Briefing/?p=139999 http://www.opalesque.com/Commodities_Briefing/?p=139999#comments Fri, 29 Jan 2016 00:36:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139999 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139999>Article Link</a> Euronext is launching sugar futures this autumn, before quotas are abolished in the European market, as the exchange continues to grow its commodity derivatives franchise. The pan-European exchange operator is launching sugar futures, subject to regulatory approvals, ahead of the European Union abolishing sugar production quotas on 30 September 2017. (more…)

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2016 to be a year of turnaround for commodity futures market http://www.opalesque.com/Commodities_Briefing/?p=139538 http://www.opalesque.com/Commodities_Briefing/?p=139538#comments Mon, 28 Dec 2015 01:23:31 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=139538 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=139538>Article Link</a> After a stressful 2015, the coming year is likely to be one of turnaround for commodity exchanges, through introduction of new instruments and new classes of traders. The biggest event the comexes witnessed in 2015 was merger of its relatively less powerful regulator, the Forward Markets Commission, into the much stronger equity markets regulator, the Securities and Exchange Board of India (Sebi), effective September 28. (more…)

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Gold Futures Hold Near Three-Month Low on December Fed-Rate Bets http://www.opalesque.com/Commodities_Briefing/?p=138977 http://www.opalesque.com/Commodities_Briefing/?p=138977#comments Wed, 11 Nov 2015 23:31:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138977 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138977>Article Link</a> Gold held near a three-month low on growing expectations that the Federal Reserve will increase interest rates in December. Odds that the central bank will raise rates next month have climbed to 66 percent, from 39 percent a month ago, according to Fed-fund futures data. A gauge of the dollar rose on Tuesday to the highest since at least 2005, curbing the appeal of bullion as an alternative asset. (more…)

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Gold logs lowest settlement in about 5 years http://www.opalesque.com/Commodities_Briefing/?p=138976 http://www.opalesque.com/Commodities_Briefing/?p=138976#comments Wed, 11 Nov 2015 23:31:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138976 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138976>Article Link</a> Gold finished lower on Wednesday, closing at its worst level in about half a decade, as intensifying concerns about a rate increase weighed on the precious metal. December gold lost $3.60, or 0.3%, to $1,084.90 an ounce, after settling marginally higher on Tuesday at $1,088.50 an ounce. The yellow metal’s settlement Wednesday represents its lowest for a most-active contract since early 2010, according to FactSet data. (more…)

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Oil futures edge up to settle above $46 a barrel http://www.opalesque.com/Commodities_Briefing/?p=138804 http://www.opalesque.com/Commodities_Briefing/?p=138804#comments Fri, 30 Oct 2015 00:38:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138804 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138804>Article Link</a> Oil prices edged higher to settle above $46 a barrel on Thursday, extending the more-than-6% rally they saw a day earlier, as bets on a slowdown in production grow. Natural-gas prices, meanwhile, ended lower as supplies moved closer to a record level. (more…)

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The Cost of Physical Gold vs. Futures http://www.opalesque.com/Commodities_Briefing/?p=138704 http://www.opalesque.com/Commodities_Briefing/?p=138704#comments Fri, 23 Oct 2015 03:46:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138704 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138704>Article Link</a> Suppose you plan to buy gold, hold it 10 years, and sell it at the end. Is it more cost-effective to buy physical metal, store it, and sell it at the end? Or are you better off buying futures? It’s easy to calculate the cost of physical metal. If you buy at $4 over spot, that’s about 35 basis points (bps). You will also pay for storage an insurance, say 30 bps per year. In 10 years, you sell it at the spot price. Your total cost is about 3.3%. (more…)

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Oil suffers a loss of 24% for the quarter http://www.opalesque.com/Commodities_Briefing/?p=138378 http://www.opalesque.com/Commodities_Briefing/?p=138378#comments Thu, 01 Oct 2015 00:16:50 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138378 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138378>Article Link</a> Oil futures tallied a loss of 24% for the third quarter, after ending Wednesday lower on the back of a report revealing the first U.S. crude-supply increase in three weeks. The report also showed a modest decline in domestic production, helping prices limit losses for the session. (more…)

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CME sees first trades on European aluminum premium futures contract http://www.opalesque.com/Commodities_Briefing/?p=138285 http://www.opalesque.com/Commodities_Briefing/?p=138285#comments Fri, 25 Sep 2015 01:49:47 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138285 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138285>Article Link</a> CME Group’s new Aluminium European Premium Duty-Unpaid (Metal Bulletin) futures contract saw its first trades on Tuesday, the day after the contract launched, the US exchange group said Thursday. A total of 10 futures contracts were traded at a price of $72.50/mt by Crunch Risk, CME said. (more…)

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U.S. regulators revise proposal on commodity position limits http://www.opalesque.com/Commodities_Briefing/?p=138256 http://www.opalesque.com/Commodities_Briefing/?p=138256#comments Wed, 23 Sep 2015 03:24:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138256 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138256>Article Link</a> U.S. derivatives regulators are revising their proposal to limit the positions that traders can hold in commodity markets to make it easier for some hedge funds and banks to keep large trades. The Commodity Futures Trading Commission wants to allow financial firms to count their market positions separately from subsidiaries if the parent company says it does not control trading at the affiliate, according to a proposal issued on Tuesday. (more…)

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Sebi considers proposal on cross-currency futures pairs http://www.opalesque.com/Commodities_Briefing/?p=138098 http://www.opalesque.com/Commodities_Briefing/?p=138098#comments Mon, 14 Sep 2015 00:12:10 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138098 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138098>Article Link</a> Punters could soon get to trade in cross-currency futures pairs at a much cheaper cost on local bourses. Capital market regulator the Securities and Exchange Board of India ( Sebi), which regulates currency derivatives jointly with the Reserve Bank of India (RBI), is mulling a proposal by stock exchanges to offer these pairs in addition to dollar- and eurorupee futures they currently offer. (more…)

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Martin Currie long/short manager eyes commodities after sell-off http://www.opalesque.com/Commodities_Briefing/?p=138080 http://www.opalesque.com/Commodities_Briefing/?p=138080#comments Fri, 11 Sep 2015 03:09:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=138080 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=138080>Article Link</a> Martin Currie’s European long/short manager Michael Browne is eyeing opportunities in commodities following the strong sell-off across global markets in August. The manager in charge of the Legg Mason affiliate’s European long/short strategy said the volatility during the summer months has presented buying opportunities and he has the flexibility to boost exposure. (more…)

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Get used to cheap oil, derivatives markets say http://www.opalesque.com/Commodities_Briefing/?p=137748 http://www.opalesque.com/Commodities_Briefing/?p=137748#comments Thu, 20 Aug 2015 01:32:12 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137748 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137748>Article Link</a> Oil prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth. Oil has more than halved in value over the last year, thanks to huge oversupply, and many oil companies, particularly in the United States, say they may soon have to rein in production, tightening supply, unless the market recovers. (more…)

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Does gold have a future? http://www.opalesque.com/Commodities_Briefing/?p=137586 http://www.opalesque.com/Commodities_Briefing/?p=137586#comments Tue, 11 Aug 2015 03:05:05 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=137586 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=137586>Article Link</a> Had gold peaked at $1,200-1,400 per ounce in 2012, its fall since then might not have been so hard to swallow for gold bulls. As I write this, gold spot price is being quoted at around $1,095 per ounce. The peak about three years ago was around $1,800 per ounce. (more…)

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