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06 Dec 2016 -
CFO Exclusive Report
Cash trend of China fishmeal has been moving upward with a moderately gaining up performance during the week. It has not only approached RMB11,800/ton while seasonal demand keeps on track, but also firmly located above RMB11,500/ton if RMB remains depreciation.
05 Dec 2016 -
Hammersmith
It was quite a down week for grain prices this week with corn down by about USD 5 m/t in both cash and futures. Soybeans and soymeal had the most negative week with soybeans down by about USD 7 m/t while soymeal was down by about USD 10 m/t. Wheat was down on the week too with US hard red winter wheat down by about USD 8 m/t and soft red winter wheat down by about USD 6 m/t........please click PDF to see more details
29 Nov 2016 -
CFO Exclusive
Cash trend of China fishmeal has been showing steady at RMB11,500/ton due to lunar holiday. Chinese lunar New Year is to be a short-term fact that pushes up breeding activity with its fishmeal demand and other related feeds consumption nationwide while there’s a measurably high season for those activities between December and mid January of 2017
28 Nov 2016 -
Hammersmith
There is a little less information in the report this week as many of the information sources are US based and didn’t work on Thursday or Friday. While the futures market was open on Friday most of the excitement came from earlier in the week...........please click PDF to see more details
22 Nov 2016 -
CFO Exclusive
China fishmeal RMB has been keeping downward since 2nd anchovy season was announced especially in South China. Most of transactions were done at below RMB 11,500/mt level. Most of Chinese importers are worry of a rapid fall in the yuan.
However, on the other side, Peru keeps reporting high % of juvenile & mini ban did support the fishmeal market at this moment.
21 Nov 2016 -
Hammersmith
Once again, it was not too exciting a week in the grain business – probably too much interest in how the last of the US harvest was going. Corn prices were up a very little in the futures market but were down in little for export as logistics seem to be working a little better and the export basis has slipped a bit. However, for CNF buyers, the rally in freight prices looks to be continuing and the small drop in
FOB NOLA prices was offset by increased ocean freight to almost everywhere.......please click PDF to see more detail
15 Nov 2016 -
CFO Exclusive
Per IMARPE record, total trial fishing at North-Center during 11-13 Nov 2016 reached 50,690mt with averaged 16,897mt daily. Overall the catching result is good but with high percentage of juvenile. The official fishing shall start on 15 Nov 2016.
14 Nov 2016 -
Hammersmith
Now then, what can we say about US grains and oilseeds – well not all that much. Corn prices were down by about USD 3 m/t on average although some traders had export corn prices higher on the week as tight logistics were a bigger effect than lower futures.........please click PDF to see more details.
07 Nov 2016 -
Hammersmith
This coming week is election week in the US, so it is possible that markets may do strange things as
we get closer to the voting – or the markets may do nothing as everyone sits on the side and waits to
see the election results. From the current reports it looks like things are just getting closer and closer,
although the NY Times still has Hillary at an 88 percent chance of winning.......please click PDF to see more details
01 Nov 2016 -
CFO Exclusive
China fishmeal RMB market is continuing firm and up mainly due to low quota rumor in Peru, In particular, RMB sharply depreciated about 1.4% in a week.