FIS API Blog
The global iron ore market will have a surplus of 4 million tons this year on higher shipments and lower steel demand outside of China, according to Goldman Sachs Group Inc. in a revised projection. Previous expectation was a 30 million-ton deficit, analysts including Paul Young said in a report dated Thursday Market to move into a surplus in …
Continue reading “Iron Ore to Fall to $70 as Market Moves to Surplus, Goldman Says”
2020/21 OUTLOOK SOYBEANS Global soybean production in 2020/21 is forecast to surge to 362.8 million tons, up 8 percent from the 2019/20 estimate and 2.5 million tons above the 2018/19 record. Two factors are driving this increase: a rebound in plantings and yield in the United States and record area forecast in Brazil. Combined, Brazil …
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Supramax-13-05-20.pdf
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Capesize-13-05-20.pdf
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”
