Author archives: Edward Hutton

Brazil Caps Best Month Ever for Soy Exports Amid Forex Woes

Brazil Caps Best Month Ever for Soy Exports Amid Forex Woes (Bloomberg) — Brazil never shipped so many soybeans in a single month as it did in April. A combination of currency weakness, record harvest and logistical improvements helped the nation export 16.3 million metric tons last month, according to preliminary data released by the …

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FIS Technical – Brent July Daily

FIS Technical – Brent July Daily The July futures are trading above the 8—21 period EMA’s and the USD 29.46 level. The upside move is now deep into the last bear wave, this means the technical phase is considered as neutral rather than bearish. To view the full reports please click on the link    …

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Conflicting Views on Iron Ore – Two Sides of the Fence

Conflicting Views on Iron Ore – Two Sides of the Fence Conflicting views in the Iron ore sector this morning with Citigroup calling for iron ore prices to fade to USD 70/ton as we approach May and seasonal weakness in China steel demand. The bank noted that the decline is taking longer than anticipated due …

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