- Morgan Stanley lifted its Brent oil forecast to $120 a barrel this year.
- The market is watching the Icelandic volcano eruption, with a lot of analysts of the view that the 2010 Russian crop failures were due to the huge volcanic eruption in Iceland during March/April last year.
- The US Department of Commerce reported that Q1 GDP rose by 1.8%, below expectations of 2.2%.
- Minneapolis wheat rose to new 35-month highs. (Disclosure: The Advisor is long)
- Barclays Capital said Shandong, China's second-ranked wheat-producing province, has received just 12mm of rain since September 2010, indicating that around 40% of the province's wheat crop has been lost".
- The USDA reports the sale of 4.6 million bushels of old-crop corn to China. (Disclosure: The Advisor is long)
- South Korea's consumer sentiment index rose to 104 in May, up from 100 the previous month, the Bank of Korea said
- India's wholesale price index for food articles rose 8.55% YoY
- Malaysian Bulker Carrier (MBC) is anticipating the dry bulk market to recover over the medium-term with an increase in coal imports by Japan.
No comments:
Post a Comment