In February, the prices of imported iron ore fluctuated slightly due to news factors. Some provinces and cities once again introduced favourable real estate-related policies, thus more downstream companies resumed production, which stimulated market sentiment and supported iron ore prices. The...
Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize its entire fleet of grain shipping containers with zero-maintenance IoT connectivity hardware. This enables real time transport intelligence across the entire journey, with user services made...
Chicago wheat futures slid on Wednesday, giving up much of the previous session’s gains and trading near a 17-month low reached earlier this week, on expectations for a Black Sea grain corridor deal between Russia and Ukraine. Soybeans eased, while corn firmed. “The wheat market is pricing in that...
https://www.hellenicshippingnews.com/wheat-futures-drop-on-black-sea-deal-hopes-soybeans-down/
The sale of Brazilian soybeans has reached 35.4% of the estimated production in the 2022/2023 cycle, according to agribusiness consultancy Safras & Mercado on Monday, lagging last year’s level and the historical average. Brazilian farmers had sold 48.5% of their crop at this time last year, while...
China’s decision to set a modest 5% economic growth target for 2023 may knock some optimism out of commodity markets, which had been anticipating a surge in demand from the world’s largest buyer of natural resources. The 5% target was set on Sunday as China kicked off its annual session of the...
Chicago wheat futures rose for the first time in three sessions on Tuesday, as the market recovered from its lowest in 17 months on support from dryness curbing U.S. yield potential. Corn and soybeans edged higher. FUNDAMENTALS * The most-active wheat contract on the Chicago Board of Trade (CBOT)...
China’s state planner underlined a greater role for coal in its power supply on Sunday, saying the fossil fuel would be used to improve the reliability and security of its energy system. Soaring global energy prices following Russia’s invasion of Ukraine and domestic supply disruption have prompted...
https://www.hellenicshippingnews.com/china-leans-on-coal-amid-energy-security-push/
A UK financial regulator’s move to launch an unprecedented probe into potential misconduct over the London Metal Exchange’s nickel trading crisis could last years, regulation experts say, heaping further damage onto the LME’s already bruised reputation. Sliding activity and shrinking liquidity, due...
Copper prices slid on Monday as disappointment with China’s growth target hit sentiment ahead of U.S. data that could influence the direction of interest rates and the dollar. Traders said that U.S. Federal Reserve Chairman Jerome Powell’s testimony on Tuesday and Wednesday will also be closely...
https://www.hellenicshippingnews.com/copper-slides-as-chinas-growth-target-disappoints/
China will aim to boost its grain production capacity by 50 million tonnes in 2023, Premier Li Keqiang said on Sunday, reiterating a goal set earlier this year. Grain acreage should be stable, with output above 650 million tonnes, he said in his work report to the opening of the annual meeting of...
https://www.hellenicshippingnews.com/china-to-increase-grain-production-capacity-by-50-mln-tonnes/