Ukraine is keeping its forecast of the winter wheat sowing area for the 2023 harvest unchanged at 3.8 million hectares despite a delay caused by unfavourable weather, deputy agriculture minister Taras Vysotskiy told Reuters. Ukraine sowed more than 6 million hectares of winter wheat for the 2022...
Copper prices edged higher on Wednesday, buoyed by a weaker dollar amid hopes the pace of U.S. interest rate hikes would slow down, although economic uncertainty lifted demand pressure. Three-month copper on the London Metal Exchange CMCU3 was up 0.1% at $7,530 a tonne, as of 0516 GMT, while the...
https://www.hellenicshippingnews.com/copper-climbs-as-dollar-eases-but-economic-uncertainty-weighs/
The European Union’s crop monitoring service MARS on Monday reduced further its forecast for this year’s drought-affected EU maize harvest but pointed to mostly favourable sowing conditions for winter cereals. The MARS report forecast the average yield in this year’s EU grain maize crop was...
https://www.hellenicshippingnews.com/eu-maize-yield-forecast-cut-again-sowing-seen-favourable/
Malaysian palm oil futures rose on Tuesday to their highest in nearly nine weeks, supported by weak currency and stronger rival vegetable oils and crude oil as traders awaited export shipments data for so far in October. The benchmark palm oil contract FCPOc3 for January delivery on the Bursa...
https://www.hellenicshippingnews.com/palm-oil-gains-nearly-4-on-weak-ringgit-commodities-rebound/
Speculators last week staged their biggest Chicago soybean oil buying spree in just over a year, lifting their bullish soyoil bets past their soymeal ones for the first time since June. Through Friday, CBOT soybean oil futures BOv1 had risen 16% this month and Malaysian palm oil futures FCPOc3 was...
China’s September coal production jumped 12.3% from a year earlier to 390 million tonnes, official data showed on Monday, reaching record average daily levels as mines resumed operation after heavy rainfall in the summer months. The average daily output was equivalent to 13 million tonnes,...
A surging soybean replacement crush margin that has spurred spot buying interest from Chinese crushers and tightening soybean supply for October and November shipments were pushing prices so high it may soon cap demand, market sources said Oct. 21. The soybean replacement crush margin in China has...
In early September, European steelmakers were promoting significant price increases, to protect margins against soaring energy costs. This effort was supported by blast furnace shutdowns and other capacity cuts. After gaining initial traction, prices weakened once more. By the start of October,...
https://www.hellenicshippingnews.com/mill-capacity-cuts-fail-to-deliver-price-aspirations/
Ukraine said seven vessels sailed off from its ports on Sunday carrying grain bound for Asia and Europe, but accused Russia of blocking the full implementation of Black Sea grain deal. “Russia is deliberately blocking the full realisation of the Grain Initiative. As a result, these (Ukrainian)...
Copper prices in London fell on Tuesday as a weaker yuan against the dollar made greenback-priced assets more expensive to holders of the currency in China, the world’s biggest metals consuming market. Three-month copper on the London Metal Exchange CMCU3 fell 0.2% to $7,541 a tonne by 0501 GMT,...
https://www.hellenicshippingnews.com/london-copper-falls-as-chinese-yuan-weakens-against-dollar/