FIS API Blog
China’s top leaders should reveal on Friday how much they’re planning to spend on stimulus to support the post-virus economy, when they belatedly announce their economic policy blueprint for the rest of 2020. The centerpiece event will be the work report delivered by Premier Li Keqiang, which typically contains the economic growth and spending targets, …
Continue reading “What to Watch as China Unveils Stimulus in Policy Meeting”
Corn futures in Dalian fell to the lowest intraday level in almost two months amid speculation over the possibility of more import quotas and as the market awaits a delayed auction from state reserves. China is likely to utilize its entire low-tariff corn import quota of 7.2 million tons this year due to attractive import …
Continue reading “Dalian Corn Futures Drop to Lowest Level Since March”
Australian exports of wine, seafood, oatmeal, fruit and dairy are in danger of being targeted by China if Beijing decides to escalate a row over Canberra’s calls for an investigation into the origin of Covid-19, according to people familiar with the matter Chinese officials have compiled a list of potential goods that it could target …
Continue reading “China Mulls Targeting Australian Wine, Dairy on Coronavirus Spat”
Freight prices jumped on Monday with front month Capesize futures up over 10% on anticipation of a large stimulus package out of China later this week. This created a knock-on effect into the smaller vessels with the Panamax front month futures up over 5%. Oil futures performed well with a USD 3.00 move higher, as …
Continue reading “Commodities Bounce Back on Chinese Stimulus Anticipation and Vaccine Hopes”
Soybean futures climbed as life gradually returns to normal in China with more people dining out and more schools reopening, a trend set to increase demand for everything from meat to cooking oil in the top consumer. Soybean meal futures in Dalian headed for their best daily gain since March. Restarting schools and restaurants is …
Continue reading “Soybeans Advance on Brightening Prospects for Demand in China”
China’s industrial output increased in April for the first time since the coronavirus outbreak, adding to early signs of a recovery that economists cautioned would be slow and challenging. Industrial output rose 3.9% from a year earlier, reversing a drop of 1.1% in March, data showed Friday. Fixed-asset investment decreased 10.3% in the first four …
Continue reading “China’s Industrial Economy Improves While Consumers Remain Wary”
Wheat futures headed for their biggest weekly loss in a month on prospects for record global stockpiles, though prices held just above $5 a bushel on Friday with some areas still dry and on demand from importers. The July rice contract rose for a ninth day on tightness in U.S. old crop supplies. Soybeans advanced …
Continue reading “Wheat Set for Worst Week in a Month on Record Stockpile Outlook”
I own a springer spaniel called Molly, she is small and gentle and knows never to pick a fight with a bigger dog as she was on the losing end of an altercation a few years back. The Australian government has an economy that is largely dependent on exports to China, not just minerals, but …
Continue reading “Is Australia the fall guy for the China – U.S. phase one trade deal?”
* China will implement phase 1 trade deal with U.S. – COFCO exec * China needs to use huge soybean stocks from May-Sept -COFCO exec * Bad soybean crush margins to remain – COFCO exec * China’s soybean imports in 2019/20 seen at 87.50 mln T -exec * U.S. imports to be 13.70 mln T …
Continue reading “China likely to speed up buying of U.S. farm goods – COFCO exec”
Wheat futures in Chicago tumbled for a fifth day in the longest losing streak since January, dropping below $5 a bushel to the lowest in two months, on prospects for ample global supplies. Soybeans retreated for a third day, while corn eased as tensions between the U.S. and China over the coronavirus pandemic rekindled concerns …
Continue reading “Wheat Heads for Worst Run Since January as Crop Futures Decline”
