Author archives: Edward Hutton

Copper Bulls Maintain Control

Having initially reacted negatively to the the Chinese stimulus two weeks ago the futures found buying support at the 55 day average. The bulls maintain control pushing the futures back to (and slightly above) the highs from the 21 – 05 – 20   Control, but not dominance, four days of upward price action is …

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American Farmers Awaiting Bumper Corn Crop Need Ethanol Demand

American corn farmers are feeling better about their prospects with billions more in government aid and optimal growing conditions. There’s only one downer — demand.   Much of the U.S. biofuel industry is still limping along even as the economy ramps up from coronavirus-related lockdowns. While some plants have switched to making hand sanitizer, that …

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The Iron Ore Market Is Polarized as Australia Booms, Brazil Lags

In the global iron ore market right now it’s a tale of two very different exporters. While mining majors in Australia are going flat out and the country may be shipping record volumes, rival Brazil has seen stunted flows with the coronavirus pandemic restraining operations.   The contrasting fortunes of the pair — which between them account more than …

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Vale expected to ship more iron ore to China in 2020

Brazil’s Vale SA expects iron ore shipments to China to rise in 2020, versus 2019, due to falling demand in other countries hurt by the coronavirus pandemic, according to a phone call between the miner and the China Iron and Steel Association. Production at Vale has not been impacted by the pandemic and it is …

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