FIS Supramax Technical Report The index remains between support and resistance as it continues to edge higher on the back of the divergence. Momentum indicators would suggest the technical remains vulnerable to further tests to the downside. However price action has produced 5 waves down that have ended in a divergence suggesting the downside phase …
Category archives: Freight
Another low for Capesize rates due to long ballaster list
Capesize freight rate reached another low due to bearish market sentiment in both the Pacific and Atlantic basins. The Capesize 5 time charter average dived down further toward the $2,000 level on Wednesday, at $2,082, down $811 on-day. The lengthy ballaster tonnage list remained hard for the market to digest, which prompt some shipowners to …
Continue reading “Another low for Capesize rates due to long ballaster list”
USDA – 2020/21 OUTLOOK SOYBEANS
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 …
Capesize rates drag down by ballasters
It was another ugly day for the Capesize market as rates continued to deteriorate from oversupply of vessels and low shipping demand. The Capesize 5 time charter average plunged further by $949 on-day to $2,893 on Tuesday, due to sell off on the paper market. With the massive sell off, the market sentiment has become …
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
China Increases 2019-20 Soybean Import Forecast to 91m Tons
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”
