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Winners of Hedgeweek US Awards announced hedgeweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hedgeweek.com Daily Mail and Mail on Sunday newspapers.
Winners of Hedgeweek US Awards announced hedgeweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hedgeweek.com Daily Mail and Mail on Sunday newspapers.
By Bloomberg News (Bloomberg) China is clamping down on some corn imports amid concern that overseas purchases have spiraled out of control, prompting several feed mills to cancel their U.S. cargoes. Chinese customs authorities are restricting imports into free trade zones, which aren’t counted toward an official annual purchase quota, according to people with knowledge of the matter. Total U.S. corn cancellations are estimated to be less than 1 million tons, said two of the people, who asked not to be identified as the matter is private. The increased scrutiny by Beijing over its corn imports comes as the broader market focuses on whether the country will continue its heightened purchases of raw materials from grains to metals to fossil fuels. Prices across a variety of products have soared this year partly because of Chinese demand, raising import costs and sparking fears over inflation in the Asian nation. ....
MONEYWEB app instead? ‘Itâs not a market for the faint of heart,’ said Matt Bennett By Kim Chipman and Natalia Kniazhevich, Bloomberg 27 May 2021 07:59 Image: Andrey Rudakov/Bloomberg Wild swings in commodities ranging from US farm products to industrial metals are the latest sign that traders should brace for dizzying months ahead. Prices cooled off this week for commodities including corn, wheat, copper and iron ore, though traders and analysts alike say itâs too soon to count out agricultural crops and metals. The Bloomberg Commodity Spot Index, which includes energy, has tumbled 2.4% in the past two weeks, trimming returns to 19% for the year. ....
From Corn to Copper, Commodities Cool Off With China in Focus yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.