The U.S. Department of Agriculture’s last weekly U.S. crop progress report for 2022 should show a slight improvement in winter wheat condition ratings, according to the average of estimates from nine analysts surveyed by Reuters on Monday. Analysts on average expected the USDA to rate 33% of the...
https://www.hellenicshippingnews.com/u-s-winter-wheat-ratings-seen-improving-to-33-good-excellent/
Russian wheat prices rebounded slightly last week from a week earlier, when they fell on the extension of the Black Sea grain supply deal, analysts said. Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $317 a tonne free on board (FOB) on...
Prices of base metals rebounded on Tuesday, with copper leading the rally, as support for the property sector in China — the world’s top metals consumer — brightened the demand outlook. Three-month copper on the London Metal Exchange CMCU3 rose 1.8% to $8,100 a tonne by 0718 GMT, while the...
https://www.hellenicshippingnews.com/copper-leads-base-metals-higher-on-china-property-support/
Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains hitting significant multi-month lows and safe-haven gold rising. The protests added a new political dimension to investor concerns after months of stringent...
https://www.hellenicshippingnews.com/rare-china-protests-roil-global-commodities-markets/
The global thermal coal market has returned to where it was before Russia’s attack on Ukraine, with prices for most seaborne grades dropping back to pre-invasion levels while volumes remain steady. Seaborne thermal coal prices spiked after the Feb. 24 assault on Ukraine, reaching record highs amid...
https://www.hellenicshippingnews.com/seaborne-thermal-coal-returns-to-pre-ukraine-invasion-normal/
Chicago wheat edged higher on Tuesday, after hitting a more than three-month low in the previous session, although ample supplies from the Black Sea region following an extension of the export corridor deal curbed gains. Soybeans climbed to a two-week high, while corn eased. The most-active wheat...
https://www.hellenicshippingnews.com/wheat-recovers-from-3-month-low-black-sea-supplies-limit-gains/
Global miner Rio Tinto (NYSE:RIO) Ltd has reached a restitution agreement with an Aboriginal group whose rock shelters in Western Australia it destroyed two years ago for an iron ore mine, the groups said on Monday. The destruction of the Juukan Gorge sites that showed evidence of human habitation...
https://www.hellenicshippingnews.com/rio-tinto-reaches-historic-agreement-with-juukan-gorge-group/
Indonesian nickel miner PT Vale Indonesia INCO.JK expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals used in electric vehicle (EV) batteries, its director said on Monday. Vale on Sunday broke ground on the plant, which is expected to have a...
https://www.hellenicshippingnews.com/vale-indonesia-expects-to-complete-nickel-hpal-plant-by-2025/
The London Metal Exchange (LME) hopes to resume trading of its nickel contract during Asian hours within the next two weeks, an executive said on Monday. The world’s largest and oldest forum for trading metals, the LME was forced to suspend the nickel market and cancel all trades on March 8, after...
China sold 39,995 tonnes of wheat, or 100% of the total offer, at an auction of state reserves on Nov. 23, said the National Grain Trade Center on Monday. The wheat was sold at an average price of 2,815 yuan ($389.59) per tonne. Source: Reuters (Reporting by Dominique Patton; Editing by Muralikumar...