Malaysian palm oil futures traded up on Thursday, tracking strength in rival oils on the Dalian, while the market is waiting for leads from a major industry conference due to be held in Kuala Lumpur next week. The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives...
Funds are having a hard time navigating copper’s current choppy trading patterns. They flexed out short positions in both late January and earlier this month as the copper price threatened to break on the downside only to be whiplashed in the subsequent sharp rebounds. It’s not the first time it...
https://www.hellenicshippingnews.com/copper-super-bulls-bide-their-time-in-the-options-market/
Indonesia’s palm oil output this year is expected to rise by 5% year-on-year to 57.6 million metric tons as more newly matured crops come into fruition, the Indonesia Palm Oil Association (GAPKI) said on Tuesday. In 2023, palm oil output grew by 7% from the previous year to 54.84 million tons...
The U.S. soybean crush likely fell in January to 5.897 million short tons, or 196.6 million bushels, as extreme winter weather impeded operations at some facilities, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate, gathered...
India’s economic growth has been among the highest in the world over the past two decades. According to the IEA, every year, the country adds a city the size of London to its urban population. This growth spurt has led to the vast construction of new buildings, factories and transportation...
Copper edged down on Wednesday, pressured by a firm U.S. dollar anddemand concerns stemming from a spike in inventories in Chinese exchange warehouses. Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.4%to $8,440 per metric ton by 0838 GMT, and the most-traded April copper...
https://www.hellenicshippingnews.com/copper-falls-on-firm-dollar-rising-stockpiles/
Ukraine’s President Volodymyr Zelenskyy said on Monday (Feb 26) that without new US military aid his country would be unable to defend a Black Sea shipping corridor that has allowed Kyiv to export millions of tons of grain to global markets. Ukraine launched the shipping corridor hugging its...
Chicago soybeans rose for a second session on Tuesday to recover from a three-year low as a reduced forecast of Brazil’s ongoing harvest lent some support, though ample world supplies kept a lid on prices. Corn was up slightly, paring gains after touching its highest in almost two weeks to also...
https://www.hellenicshippingnews.com/soybeans-extend-rebound-as-brazil-crop-outlook-assessed/
Chicago soybeans gained more ground on Tuesday, rising almost 1% as the market was supported by short-covering and expectations of lower output in Brazil, although ample world supplies kept a lid on prices. Corn rose to its highest in almost two weeks, while wheat gained for a second straight...
https://www.hellenicshippingnews.com/soybeans-up-1-on-short-covering-brazil-crop-outlook/
Metals – Chinese copper smelter charges plunge Copper treatment charges in China fell to the lowest in over a decade as domestic producers failed to implement the required voluntary production cuts. The spot treatment charges in China fell to US$19.8/t this week, the lowest since 2013, according to...
https://www.hellenicshippingnews.com/the-commodities-feed-copper-tcs-plunge-to-decade-lows/