Speculators are holding onto much more bullish views in Chicago-traded corn than traders expected following a historic dive in futures, though last week’s overall selling was on the heavier side with funds shedding length in corn, soybeans and soybean meal. Collectively across CBOT grains and...
https://www.hellenicshippingnews.com/funds-limit-cbot-corn-selling-amid-nose-dive-in-futures/
China’s market regulators warned industrial metal companies to maintain “normal market order” during talks on the significant gains in metals prices this year, the National Development and Reform Commission (NDRC) said. The NDRC, China’s top economic planner, along with the industry ministry, the state-owned assets regulator, the State Administration of Market Regulation, and the China …
The post Chinese regulators warn metal firms to maintain good market order first appeared on Hellenic...
Russian export prices for the summer’s new wheat crop fell last week following a decline in global benchmarks in Chicago and Paris, the IKAR agriculture consultancy said in a note on Monday. Russia, one of the world’s largest wheat exporters, usually starts harvesting in late June-early July. It...
https://www.hellenicshippingnews.com/russian-wheat-export-prices-down-with-global-benchmarks-2/
China’s recent measures aimed at cooling red hot industrial commodities prices will likely only have a temporary affect unless authorities take steps to curb consumption and potentially lower economic growth, analysts said. China’s cabinet said on Wednesday it will strengthen its management of commodity supply and demand to curb “unreasonable” price gains to prevent consumers …
The post Between A Rock And A Hard Place: China’s Taming Of Hot Commodities May Be Fleeting first appeared on Hellenic...
Industrial metals prices fell on Monday, after regulators in top consumer China warned domestic commodity companies to maintain “normal market orders” following a strong rally. Three-month copper on the London Metal Exchange was down 0.3% at $9,853.50 a tonne, by 0242 GMT, aluminium dropped 2.3% to...
https://www.hellenicshippingnews.com/base-metals-fall-as-china-warns-commodity-firms-on-prices/
The U.S. corn and soybean growing season will be among the most important in years with global prices at unusually high levels, and the Crop Watch producers are once again ready to provide weekly insights after this spring’s relatively efficient planting effort. Soybeans are harvested from a field...
https://www.hellenicshippingnews.com/crop-watch-expanded-project-to-cover-more-u-s-corn-and-soy/
Chicago corn futures slid more than 1% on Monday while soybeans dropped to a three-week low as improved crop weather in the U.S. Midwest weighed on the market. Wheat hit its lowest in one month on expectations of near record U.S. winter crop. “U.S. weather is improving for both corn and soybeans,...
https://www.hellenicshippingnews.com/corn-drops-1-3-soybeans-at-3-week-low-on-improved-u-s-weather/
Commodities at large witnessed volatile trade in last few sessions amid increasing uncertainty about Chinese purchases as well as Federal Reserve’s monetary policy In the last few weeks, Fed officials worked diligently to calm down market fears that inflationary pressure may cause the central bank to tighten monetary policy. A disappointing US non-farm payrolls report …
The post Volatility may continue in commodities; Fed’s next move, China’s comment on prices key first appeared on Hellenic...
China’s raw coal output rose 11.1 percent year on year to 1.29 billion tonnes in the first four months of 2021, official data showed. The Jan.-April volume increased by 12.5 percent from the level in the same period of 2019, putting the annual average growth of the past two years at 6.1 percent,...
https://www.hellenicshippingnews.com/chinas-coal-output-rises-in-first-four-months/
Russia’s agriculture ministry expects the country’s 2021 grain crop to decline to 127.4 million tonnes, including 80.7 million tonnes of wheat, the Interfax news agency reported on Friday, citing the ministry’s base forecast. Russia competes with the European Union for the rank of the world’s...