Chicago corn futures have shot nearly 5% higher so far this week despite gratuitous geopolitical uncertainties, especially when it comes to the United States and its foreign grain customers. But based on Thursday’s supply and demand update from the U.S. government, an argument could be made for...
https://www.hellenicshippingnews.com/cbot-corn-rally-more-than-justified-by-us-supply-cuts/
Chicago corn futures rose on Friday and were on track for their biggest weekly gain in nearly two years after U.S. President Donald Trump paused some of his tariff increases and the U.S. Department of Agriculture (USDA) tightened its supply outlook. Soybean futures were flat but were still set to...
https://www.hellenicshippingnews.com/corn-heads-for-biggest-weekly-gain-since-may-2023/
Iron ore futures rebounded on Thursday, as an escalating Sino-U.S. trade war lifted hopes of more aggressive stimulus measures from Beijing to counter the impact of the hefty tariffs. On Wednesday, top metals consumer China, in response to U.S. President Donald Trump hiking duties on Chinese goods...
Malaysia’s palm oil stocks posted their first rise in six months in March, as production recovered and imports rose sharply, offsetting strong festive demand, data from the industry regulator showed on Thursday. Palm oil stocks at the end of March rose 3.52% from February to 1.56 million tons,...
US President Donald Trump on April 8 signed four executive orders directing new federal measures to support the nation’s ailing coal industry, including designating the fuel source as a critical mineral and promoting the use of coal to power artificial intelligence data centers. The orders also...
Chicago soybean futures extended gains on Thursday after shooting up 2% in the previous session when U.S. President Donald Trump said he would pause tariff increases on dozens of countries to allow time for trade negotiations. Trump’s stunning U-turn sent equities and oil prices sharply higher and...
https://www.hellenicshippingnews.com/soybeans-rise-after-trumps-tariff-u-turn/
Base metals in London climbed on Thursday, supported by improved market sentiment after U.S. President Donald Trump decided to temporarily pause the recently imposed hefty duties on several countries. The benchmark three-month copper on the London Metal Exchange (LME) gained 3.5% to $8,919 per...
Representatives from the steel and metals industry raised strong concerns about the broader ramifications of US tariffs, including impacts on derivatives and the serious risk of trade diversion, during a high-level dialogue hosted by European Commission President Ursula von der Leyen on April 7....
Base metals in China fell on Wednesday, with copper hitting an eight-month low, as the current 104% U.S. import tariff on Chinese imports heightened concerns about slowing growth. The most-traded copper contract on the Shanghai Futures Exchange (SHFE) dropped 1.8% to 72,130 yuan ($9,813.87) per...
A fresh round of tit-for-tat tariffs between the US and China has shaken the metallurgical coal market, threatening to derail US exports just as they were rebounding, and forcing suppliers to seek new buyers in an already oversupplied Asia. Washington’s additional 34% tariff on Chinese goods,...
https://www.hellenicshippingnews.com/us-china-tariff-spat-clouds-met-coal-market-outlook/