Brazilian Mining Giant Sells Mega Ships To China
Brazil’s cash-strapped mining giant Vale has sold four mega freighters to a Chinese consortium for US$423 million, local media reported Wednesday.
Brazil
Is It Time To Look Into Emerging Markets?
Many of the world’s greatest investors have been willing to buy at a time when the majority of the market was turning away from a particular sector.
More Countries Say To Join China-led AIIB
The AIIB has drawn a cool response from the United States, despite which European US allies including Britain, France, Germany and Italy have already announced they would join the bank.
BRICS Seeks New Paths to Develop
President Xi Jinping is preparing to attend the BRICS summit as the group is generating new initiatives amid slowing economic growth, observers said.
Grains Commentary
The overnight markets have continued where yesterday left off with gains being posted in nearly every market. The grain market seem to be gaining some interest again as the equity markets have lost nearly 4% in the past week, this lowers the overall bench market of returns for the year and gives some more runway to trade and place risk back on knowing that the equity benchmark is now up 11% rather than 15%.
Grains Commentary
Not sure if it’s the fact that Obama won the debate last night or the fact that earnings continue to fall below expectations but it appears that the market is quickly moving back to a risk off environment moving back to capital preservation mode.
Daily Grain Commentary
Could the dog be waking up? The overnight markets are showing signs of life again as things seem to be making an attempt of coming back to life for the bulls. The beans are trading 15-20 higher, meal has gained $4-5, oil gained 25-30, corn is up 4-5 and wheat is up 6-7.
Grain Commentary
The overnight markets have made a feeble attempt of recovering some of the devastating losses that have occurred in the past 2 trading session. The beans as of 8:00Cst are hovering near 10 cents higher in the session, meal has gained $3, oil increased by 40-50 points, corn increased by 6-8 and wheat has gained 8-10. Its Tuesday and the markets have been punished over the past few sessions, don’t be too quick to jump back on the bull wagon as there has been extreme technical damage and the beans have a gap that should be filled down to 1478 that dates back to June.
Daily Grain Report
The overnight session gives a bit for everyone as the market continues to digest the past USDA report. The corn market is the market back on the front page as supplies remain tight. The beans are also tight but not as tight as many had assumed and wheat is also shrinking on the supply side. The bottom line is that the USDA once again was able to absorb some early harvest into the old crop figures and as long as there is early harvest this pattern seems to work. The question is what do they do when there isn’t an early harvest? This is a debate for another time as it doesn’t matter today.
Grain Commentary Report
What a difference a month makes, just 30 days ago the bean and corn markets were pushing near all-time highs with thoughts of another 10% surge, there wasn’t many anticipating that the 10% move would be lower. The seasonal tendency all points towards September being a dismal month to be long grains, but this year was different…right? Apparently not. So what does the market do from here?