- The longer than usual Indian monsoon, which usually ends by mid to late September, is reducing exports of iron ore.
- (Market Watch) -- Shares of Ambac Financial Group Inc. dropped late Monday after Bloomberg News reported the troubled bond insurer may file for bankruptcy as early as this week.
- Hedge funds ramped up bullish bets on oil to the highest level since at least June 2006.
- (Hellenic Shipping) Asian coal import demand is expected to be improved with the Asian winter season being a cold one. Adding to this positive expectation some port congestion may be experienced in Australian and Indonesian ports as many forward fixtures for thermal coal have been recorded during the past weeks, and all these fixtures can’t be accommodated without delays. This congestion might well be the extra boost we all want and hope for the dry cargo market” says Cotzias.
- Coal burned to generate power may jump 12% next year on Asian demand for the fuel and supply constraints says DB.
(Bloomberg) Flooding across more than half of Thailand, the world’s largest rice exporter, may damage 11 percent of the nation’s rice plantation and lower output from the main crop by 3.9 percent, the Farm Ministry said.
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