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 …
Author archives: Edward Hutton
Supramax May 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Supramax-13-05-20.pdf
Capesize June 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Capesize-13-05-20.pdf
Panamax May 20 Morning Technical Comment – 240 Min
Iron Ore Offshore June 20 Morning Technical Comment – 240 Min Chart
Brent July 20 Morning Technical Comment – 240 Min
Indonesia Revamps Law to Unlock Billions of Mineral Riches
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”
Australian Weekly Exports Drop to 16.8 Mln Tons
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 Extends Losses to March Lows on Record Global Stockpiles
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
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 …