FIS API Blog
Europe’s wheat fields are facing diverging weather in the heart of the growing season. Parts of the Black Sea region and European Union faced dry spells throughout spring, hurting yield forecasts in the key exporters. Now rains are beginning to relieve crops in southern Russia and Ukraine, but dryness is persisting in western Europe. Weather in …
Continue reading “Weather Splits for European Wheat With Dry West and Eastern Rain”
The House of Representatives is poised to give final passage Wednesday to legislation that would sanction Chinese officials for human rights abuses against Muslim minorities, the latest in a series of moves by Congress and the White House to put pressure on the Beijing government. The measure was approved by unanimous consent in the Senate …
Continue reading “House Set to Back China Sanctions Amid Rising Tensions With U.S”
Soybean futures held on to Tuesday’s gain, the biggest since the end of April, as state-run Chinese companies return to the market for American supplies after a jump in Brazil’s currency made U.S. beans more competitive. Soymeal futures in Dalian climbed to the highest in over a month. China has been bidding on new crop …
Continue reading “Soybeans Hold Best Gain This Month as China Seeks More Supplies”
The U.S. is considering a range of sanctions to punish China for its crackdown on Hong Kong, people familiar with the matter said, as the Trump administration weighs whether to declare the former colony has lost its autonomy from Beijing. The Treasury Department could impose controls on transactions and freeze assets of Chinese officials and …
Continue reading “U.S. Mulls Sanctions on Chinese Officials, Firms Over Hong Kong”
Crop futures declined in Chicago on concerns that worsening U.S.-China relations could derail purchases of American farm products under the phase one trade deal. Soybeans fell for a second day and corn dropped for a third, while wheat snapped a three-day gain. Tensions have flared over China’s handling of the coronavirus and the country’s access …
Continue reading “Crop Futures Drop on Fear U.S.-China Spat May Disrupt Trade Deal”
The Chinese government abandoned its decades-long practice of setting an annual target for economic growth amid the storm of uncertainty unleashed by the coronavirus pandemic, and said it would continue to increase stimulus. Speaking at the National People’s Congress in Beijing on Friday morning, Premier Li Keqiang delivered an annual policy address that instead laid …
Continue reading “China Abandons Hard Growth Target, Shifts Stimulus Focus to Jobs”
Wheat futures climbed for a third day to the strongest level in more than a week on signs of lower winter crop yields in parts of the U.S. and as Russia’s production may come in smaller than thought. Drought conditions are limiting yield potential in southwestern and west-central Kansas, Aaron Harries, vice president of research and operations …
Continue reading “Wheat Highest in More Than a Week on Signs of Lower U.S. Yields”
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”
