FIS API Blog
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 …
Continue reading “Soy rises on China hopes but long term doubts remain”
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 …
Continue reading “Oil market gripped by ‘rabid optimism’ for now at least”
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 …
Continue reading “Brazil May Plant Biggest Soybean Crop Ever: Fertilizer Co. Yara”
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 …
Continue reading “American Exporters Sell Soy to China Despite Rising Tensions”
Soybean futures in Chicago advanced as the dollar extended declines and President Donald Trump stopped short of spelling out tough new sanctions against China over Hong Kong and kept the phase one trade deal with Beijing intact. Corn increased, while wheat snapped two days of gains. The Bloomberg Dollar Spot Index tumbled to the weakest in …
Continue reading “Soybeans Climb as Dollar Drops and Trump Keeps Trade Deal Intact”
We are seeing History in the making when the European Union announced its 750 billion- Euro ($824 billion) recovery package, aimed at boosting economic growth and creating a swathe of new jobs. The capital injection will have global financial markets breathing a sigh of relief, following the commitment from China at the Two Session to …
Soybean futures on the Chicago board of trade continued to remain muted on the back of an increasing blame gain from the White house over a phase one trade deal that looked to be the saving grace for U.S farmers after a prolonged stalemate between the U.S and Chinese Government. Global commodities and Soybeans alike …
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”
