FIS API Blog
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 house-price growth accelerated in April as the central bank’s credit easing gave the property market a much-needed lift out of the coronavirus shutdown. * New-home prices in 70 major cities, excluding state-subsidized housing, gained 0.42% in April, National Bureau of Statistics data released Monday showed. That’s up from a 0.13% increase in March. * …
Continue reading “China Home-Price Growth Accelerates in Property Market Boost”
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”
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 …
Wheat futures in Chicago were on track for the lowest close in almost two months after the U.S. Department of Agriculture predicted record global supplies, topping analyst expectations. Corn fell and soybeans were flat. Wheat prices dropped for a fourth day, the worst losing streak since the middle of April, as the agency said world …
Continue reading “Wheat Extends Losses to March Lows on Record Global Stockpiles”
