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MXV-Index
News updates related to MXV-Index
Sugar and corn prices surged due to pressure from the energy market, pushing the MXV-Index into a nine-session winning streak.
The MXV-Index rose to 2,918 points, boosted by the energy sector. World sugar prices increased by nearly 4% as Brazil prioritized ethanol production over sugar.
Market
Sugar and corn prices surged simultaneously, pushing the MXV-Index to a nine-session winning streak.
Global commodity markets are buoyant as high oil prices boost demand for biofuels. Raw sugar prices rose nearly 4% while corn prices reached a one-month high...
Fed keeps interest rates unchanged at 3.5% - 3.75%: Brent crude reaches $107.4, silver retreats to a one-month low.
The MXV-Index rose to 2,819 points amid the Fed maintaining high interest rates. Brent crude oil prices reached their highest level since July 2022 due to escalating supply risks in the Middle East.
Soybean prices plummeted 5.7%, while WTI crude oil fell sharply to $93.5 per barrel.
The MXV-Index fell 1.3% on March 16 as a wave of sell-offs spread across agricultural and energy markets due to geopolitical pressures and signals of supply-side intervention.
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