Has Iron Ore Reached its Top?

Consensus The consensus in the financial sector is that iron ore prices are looking overstretched. Almost daily we hear that supply will increase and demand will decrease in the second half of the year. If this is the case, then surely with over 100 million tons of inventory the upside is not limited, it is …

Oil Through the Looking Glass 8/6/20

Cuts and Imports It must be music to the ears of all oil producers: the oil guzzling Chinese mainland has increased their crude imports to all-time highs. Low prices have drawn Chinese buyers to boost imports, with purchases rising to 11.3 million bpd in May. If you throw in the news of the one-month extension …

Soy rises on China hopes but long term doubts remain

US domestic Soy prices have produced their highest close in nine weeks and their highest weekly percentage increase since March 27th.     The price increase is on the back of continued purchases of U.S. agricultural products by China. Committed to over 50 billion tonnes of purchases, China has come under fire for sourcing Soy …