Argentine farmers have so far sold 32.7 million tonnes of 2020/21 soy, the Agriculture Ministry said on Tuesday in a report including data through October 20. The rhythm of sales was behind that of the previous season, when as of the same date last year sales of 33.9 million tonnes of the oilseed...
Australia’s Prime Minister Scott Morrison has promised the coal-rich country will achieve net-zero carbon emissions by 2050, while shying away from setting more ambitious goals ahead of the landmark UN climate summit. As one of the world’s largest coal and gas exporters, Australia will not strengthen 2030 emissions reduction targets crucial for climate change action. …
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The MEPS world average hot rolled coil price declined by 3.6 percent, month-on-month, in October, after reaching an all-time high figure in September. This brought to an end a fourteen-month price rally. The downturn in automotive production is widely regarded as the driving force behind the...
https://www.hellenicshippingnews.com/lack-of-semiconductors-short-circuits-global-hrc-prices/
Rains across key agricultural regions of Brazil over Oct. 18-24 improved soil moisture, aiding 2021-22 corn and soybean planting, data from the government agency and a local consultancy showed. The planting of first corn in the key states of Brazil, which accounts for 92% of the forecast area,...
https://www.hellenicshippingnews.com/rains-boost-soil-moisture-improve-growing-conditions/
The U.S. Crop Watch producers were busy over the last week as four more of the 22 fields were harvested and a fifth was started, and that bumped up overall yield expectations for corn. Crop Watchers reported that harvest activity in their areas last week was quick and efficient, but many of them...
https://www.hellenicshippingnews.com/corn-harvest-advances-yields-edge-higher/
Chicago wheat futures lost more ground on Wednesday, with profit-taking driving down the market which climbed to a two-month high earlier this week on strong demand and tightening supplies in top exporter Russia. Corn retreated from a three-week high scaled in the previous session and soybeans...
https://www.hellenicshippingnews.com/wheat-falls-on-profit-taking-tightening-supplies-check-losses/
Shanghai aluminium hit its lowest in nearly 10 weeks on Wednesday while the London contract fell near an eight-week trough as falling coal prices eased trader concerns over supply shortage. Aluminium smelting is an energy-intensive process and has been hit hard by China’s power crisis, pushing up...
https://www.hellenicshippingnews.com/shanghai-aluminium-near-10-week-low-as-coal-prices-tumble/
China’s top economic planner said on Tuesday it was studying a mechanism to stabilise coal prices over the long run, in its latest move to cool the red-hot market. The National Development & Reform Commission (NDRC) is looking into the costs and profitability of the coal sector in an effort to work...
China’s coal futures have slumped about 35% from their recent record high, a move that looks dramatic but is actually a long way from what is needed to provide relief from the country’s energy crisis. The main domestic thermal coal futures contract on the Zhengzhou Commodity Exchange (ZCE) CZCcv1...
https://www.hellenicshippingnews.com/chinas-physical-coal-prices-tell-different-story-to-futures/
Copper prices retreated on Tuesday, weighed down by a firmer dollar and worries that a power crisis and slower economic growth in top metals consumer China will erode demand. Three-month copper on the London Metal Exchange CMCU3 had eased 0.9% to $9,783 a tonne by 0950 GMT after rising by 1.7% on...
https://www.hellenicshippingnews.com/copper-stumbles-on-china-demand-worries-stronger-dollar/