FIS API Blog
Indonesia’s parliament approved sweeping changes to the nation’s mining law, allowing the world’s top nickel and coal producer to hand out longer contracts to companies pledging to invest billions of dollars to develop the industry. The amendments, cleared by lawmakers on Tuesday, will help Indonesia create a supply chain of mineral resources for industries such …
Continue reading “Indonesia Revamps Law to Unlock Billions of Mineral Riches”
Shipments from Australia including Port Hedland total 16.8 million tons in week to May 8, compared with 18.9 million tons a week earlier, according to Global Ports data in AHOY compiled by Bloomberg. * From Port Hedland: 9.7 million tons ** NOTE: Port Hedland used by miners including BHP Group, Fortescue Metals Group Ltd. and …
Continue reading “Australian Weekly Exports Drop to 16.8 Mln Tons”
Wheat futures in Chicago were on track for the lowest close in almost two months after the U.S. Department of Agriculture predicted record global supplies, topping analyst expectations. Corn fell and soybeans were flat. Wheat prices dropped for a fourth day, the worst losing streak since the middle of April, as the agency said world …
Continue reading “Wheat Extends Losses to March Lows on Record Global Stockpiles”
FIS Technical – Nickel Rolling 3 Month The rolling futures are now above the 8-21 period EMA’s and the 55 period MA indicating the near-term technical continues to firm. However the upside move at this point is within the last bear wave down meaning it is considered as a countertrend move. To view the full …
China boosted its estimate for soybean imports for the current marketing year to 91m tons, citing better crushing profits and the implementation of the phase-1 trade deal with the U.S., according to China Agricultural Supply and Demand Estimates (CASDE). * That’s 3.32m tons higher than last month’s projection SOYBEANS * China’s 2020-21 soybean imports are …
Continue reading “China Increases 2019-20 Soybean Import Forecast to 91m Tons”
