Category archives: Freight

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 …

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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 …

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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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