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Corn Futures Up 1.44% to $3.52 Per Bushel

Proshare

Friday, July 06, 2018 /09:10 AM /FDC

Global oil prices have remained elevated at $77pb in spite of OPEC’s decision to increase supply by 1mbpd. The supply disruptions in key oil producing nations will make increasing supply a herculean task.  For a country like Nigeria, higher oil prices are a comfort especially with the projected decline in oil cargoes by 11.22% in July/August.

Meanwhile, the naira retreated from a brief stint at N360/$ as liquidity increased in the money markets.

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Proshare Nigeria Pvt. Ltd. 


News Related

1.       Sugar Prices Declined By 2.94% to $0.1189 Per Pound

2.      Corn Futures Decline By 1.09% to $145 per Tonne

3.      Sugar Prices Lose 1.03% in Value to $0.1254 per Pound

4.      Sesame Seeds - A Diamond In The Rough

5.      Cocoa Prices Fall 0.78% as Prices Are Expected to Trade Lower Due To Adequate Supply

6.      Nigeria Produces About 600,000tonnes of Soybean, Ranked 2nd in SSA

7.      Nigeria Produces 837,000 Tonnes of Papaya, 6.34% of Global Output

8.     Cocoa Price Gains 7% in April 2018 as Ivory Coast Is Seeking to Reduce Output

9.      Cocoa Rallies to 18-month High Amid Concerns of Tightening Global Supply

10.  Consumer Confidence Index Fell Sharply by 23 Points to -6.4 Points in Q1 2018

11.   Shrimps And Prawns Are Nigeria’s Third Largest Agricultural Export

12.  Corn Futures Traded Flat at $3.98 per Bushel

13.  Improved Wheat Production: An Aid to Nigeria’s Diversification Strategy

14.  Nigeria Produces 461,000mt of Sesame Seeds a Year

15.   Nigeria is World Second Largest Producer of Cashew Nuts

16.  Urban Retail Price Tracker - Strong Demand Push Commodity Prices Up

17.   Commodities Markets Diverged From Stock Markets and Inched Upwards

18.  Domestic Commodity Prices Such as Rice (10%) Have Increased In The Days Leading Up To Easter

19.  Nigeria is the Largest Producer of Yam in the World, With an Annual Production of 44.1 MT

20. Cocoa Prices Down Slightly by 0.04% to $2,557 per MT

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