Category archives: Freight

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 …

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Aussie Pressured by Fed’s Push Back and China Beef Ban

Aussie Pressured by Fed’s Push Back and China Beef Ban The Australian dollar briefly rose above its 100-day moving average again this week in what appears to be a false break after Federal Reserve officials pushed back on the notion of negative U.S. rates. The currency had been stuck below the rolling gauge since January …

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Iron Ore Tests key Support But Refusing to Buckle

Iron Ore Tests key Support But Refusing to Buckle Onshore iron ore futures have held above key support levels this morning, having failed to break below the weekly pivot point at RMB 625.7. Fundamentally vulnerable on the back of a global slowdown due to the COVID-19 pandemic, there is increasing bearish rhetoric regarding the performance …

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Iron Rises With Brazil Flows, Australian Spat in Focus

Iron Rises With Brazil Flows, Australian Spat in Focus Iron ore futures gained as major producer Brazil continued to post lower shipment figures and investors tracked escalating trade tensions between China, the top iron ore buyer, and Australia, its largest supplier. Brazil’s daily average exports of iron ore and concentrated products was 1.04 million tons …

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China imports more energy products, soybeans in January-April

China imports more energy products, soybeans in January-April China, the world’s leading energy and food importer, bought more crude oil, natural gas and soybeans in the first fou r months of the year, customs data showed. The country imported some 170 million tonnes of crude oil in the period, up 1.7 percen t year on …

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