Whole milk powder futures rose on Wednesday, after the “surprise lift” in prices at GlobalDairyTrade, although ASB cautioned investors against expecting a “sustained” recovery until Chinese demand revives. SGX NZX whole milk...
Read MoreNov 15, 2022 | Markets expresso, Dairy
Prices rose by 2.4% at GlobalDairyTrade, their first gain in two months, and overcoming fears over soft demand from China, the top dairy importer. The gains were led by skim and whole milk powders, both of which appreciated by...
Read MoreNov 15, 2022 | Cocoa, Coffee, Corn and coarse grains, Cotton, News, Soybeans and oilseeds, Sugar, Wheat
Hedge fund positioning data revealed the extent of the market surprise at the Ivory Coast port strike which sent futures soaring, showing that it spurred a record level of closing of short bets – many at a loss. Managed money, a...
Read MoreNov 15, 2022 | Markets expresso, News, Wheat
It is amazing what difference a bit of rain seems able to make. The winter wheat crop in North Dakota improved by 13 points in the week to Sunday, to 86% rated “good” or “excellent” in the weekly round-up by US Department of...
Read MoreJitters over a resurgence of Covid cases in China overshadowed positive signs for dairy prices to undermine hopes for a positive result to Tuesday’s GlobalDairyTrade auction, with StoneX in fact foreseeing values dipping...
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