Chicago wheat futures rose 1.6% to hit a three-week high on Thursday, supported by growing expectations that an attack on Ukrainian ports after Russia’s withdrawal from a Black Sea export deal will have longer-term impact on global supplies. Corn gained 1%, while soybeans were flat on forecasts of...
Commodity News
Hydrogen sparks change for the future of green steel production
Steel’s sustainability dilemmas Here’s the dilemma: steel is a key material in modern societies. It provides us with houses, bridges, modes of transport and essential equipment and products. It isn’t simply a relic of the old industrial revolution – steel is also crucial in a low-carbon economy....
Feature: Türkiye’s summer wheat harvest hampered by severe drought
Halim Orta, a wheat farmer in the Thrace region, one of the granaries of Türkiye, had high hopes for the summer harvest when he sowed seeds in October last year. But the yield fell far short of expectations due to the severe drought that had badly affected agriculture throughout Türkiye. “The...
Critical minerals key to transition to low-carbon world, says GlobalData
Green energy technologies are in demand worldwide. Over 70 countries have set net-zero targets, and even more have pledged to lower their emissions. However, ambitious objectives to scale up green energy sources such as solar, wind, and nuclear are straining natural resources, particularly the...
METALS-Copper drifts lower on lack of China stimulus, rising output
Copper prices eased on Wednesday, weighed down by worries about a lack of major stimulus and weak demand in the world’s top metals consumer China combined with strong domestic output. Three-month copper on the London Metal Exchange CMCU3 fell 1% to $8,386 per metric ton by 1005 GMT, extending...
Brazilian miner Vale grows iron ore output by 6%, sales flat
Brazilian miner Vale posted 6.3%growth in second-quarter iron ore production, compared to the same period last year, the company announced in a securities filing on Tuesday. Vale said it mined 78.7 million metric tons of the key steel-making mineral during the April-to-June period. Compared with...
https://www.hellenicshippingnews.com/brazilian-miner-vale-grows-iron-ore-output-by-6-sales-flat/
Is trend yield back in play for the US corn crop? -Braun
The U.S. Corn Belt has experienced much more forgiving weather this month after an unusually dry June crashed both corn crop conditions and yield ideas. The latest crop conditions suggest July’s heat-free and rainier weather may have brought average corn yields back to the table, though that...
https://www.hellenicshippingnews.com/is-trend-yield-back-in-play-for-the-us-corn-crop-braun/
Several G20 members condemn Russia quitting Black Sea grain deal
Several G20 members condemned Russia’s move to quit an agreement that allowed safe export of grain from Ukraine, India’s finance minister said on Tuesday, as concerns rise in poorer countries over a rise in food prices following Moscow’s decision. Russia halted participation in the United...
Why Indian farmers worry despite ‘average’ monsoon rains
India has received average monsoon rains since the start of the season on June 1, despite concerns that an El Nino weather pattern could lead to lower rainfall this year. Delay in the arrival of the monsoon led to a large rain deficit up to mid-June, but heavy rains since the last week of June …
https://www.hellenicshippingnews.com/why-indian-farmers-worry-despite-average-monsoon-rains/
Soybeans, corn, wheat rise on US dryness, Ukraine supply woes
Chicago soybean and corn futures gained more ground on Wednesday, with forecasts of dry weather in the U.S. Midwest supporting prices. Wheat rose for a second session, as Russian air strikes damaged infrastructure at the Black Sea port of Odesa, a day after Moscow quit the export deal that...
https://www.hellenicshippingnews.com/soybeans-corn-wheat-rise-on-us-dryness-ukraine-supply-woes/