Tag archives: FZ

FIS Castaway – Eps.12 – Unprecedented Coverage in Unprecedented Times

This week the group discuss supply and demand in crude, freight, iron ore, and copper markets. We explore the reasons behind the freight markets jump, oil’s crawl upwards, and iron ore’s price stall, among other market news and trends. https://freightinvestorservices.com/blog/fis-castaway-eps-12-unprecedented-coverage-in-unprecedented-times/

The Baltic Dry Index – ray of hope or footnote in history?

COVID-19 will haunt a generation. Be it from personal loss of friends or family members, loss of employment or the loss of an investment. With nearly 8 million cases worldwide the pandemic has shown no sign of slowing down.   Global cases worldwide (source Bloomberg) Infection cases may continue to rise, creating further havoc for …

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Panamax futures remain buoyant on China soybean purchases

Panamax futures remained buoyant this week as China continued to buy US Soybeans, despite increased political tensions over Hong Kong. The Q4 futures rallied 5.5% on Wednesday as the world’s second largest economy was revealed as purchasing 10 cargoes of soybeans this month from the U.S. alone, according to Bloomberg. China needs beans and remains …

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Soy rises on China hopes but long term doubts remain

US domestic Soy prices have produced their highest close in nine weeks and their highest weekly percentage increase since March 27th.     The price increase is on the back of continued purchases of U.S. agricultural products by China. Committed to over 50 billion tonnes of purchases, China has come under fire for sourcing Soy …

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Oil market gripped by ‘rabid optimism’ for now at least

OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market, even as wrangling continued for a third day about whether to bring forward their next meeting.   Russia and several other OPEC+ nations favor extending the group’s current output curbs by one month.   The cuts …

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Brazil May Plant Biggest Soybean Crop Ever: Fertilizer Co. Yara

Fertilizer sales in Brazil has surged with farmers taking advantage of the stronger purchasing power in the past decade, Lair Hanzen, CEO for Yara International in the Americas, said Monday at a press briefing. “Brazil is getting ready to plant a new record soybean crop”   While the sharp decline of the Brazilian currency against the dollar boosted …

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American Exporters Sell Soy to China Despite Rising Tensions

American soybean exporters sold several cargoes to Chinese state-run buyers, according to people familiar with the matter, showing that some transactions are still going through even after officials in Beijing ordered a pause in some purchases.   Shippers sold as many as four cargoes of U.S. soybeans from the new crop, said the people, who asked not …

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