Australia’s 2018/19 Wheat Production Forecast Lowered

Australia has lowered its wheat production forecast over the 2018-19 season, according to the latest crop forecast report, which was released on June 13, from the Australian Bureau of Agricultural and Resource Economics and...

Rio Tinto Reaches JV Agreement with Chinese Mining Giant

Australian mining giant Rio Tinto has inked a joint venture (JV) agreement with Minmetals, one of China's most powerful miners, for deepening cooperation in exploration of mineral deposits in China. The two businesses will establish...

China’s Lithium Giant to Buy $4.1 Billion Stake in Chile’s SQM

China’s lithium battery giant Tianqi Lithium Corp said on Thursday (May 17) that it will buy a 24 percent stake of Chile lithium producer SQM, the world’s second-largest lithium producer, for about 4.1 billion...

US Glycerine Market Expected In Delicate Balance In Second Half

The glycerine market in the United States is seeing finely balanced supply-demand movement as the next half year ramps up. Market players are trying to measure the shortage of glycerine supply in next few months in the face of a delicate supply-demand balance. With most of American glycerine producers sold out and fix their sales contracts for the third...

US Chemical Industry Could Be Hurt in Escalating US-China Trade Tensions

The escalating trade conflicts between the United States and China would come down hard on the US chemical industry which could suffer great losses from China's threatened tariffs. The US President Donald Trump announced recently that...

Dry Spell in Brazil Hits Second-Corn

Brazil’s northern growing regions are continually suffering dry weather, which peaks in June, July and August. The lasting drought is likely to hurt Brazil’s second-corn, prompting flashbacks to the ill-fated 2018 harvest. Second corn, also...

Avocado, the “Green Gold” of Global Trade

Local residents of Michoacán named avocado the “Green Gold” of Mexico. It’s the precious commodity drives Michoacán’s economy and feeds an American obsession. It is planted mainly in the fertile volcanic soil of Michoacán,...

Soybean Futures Plunge to Lowest Point in Two Years on US-China Trade War Fears

Soybean futures dropped more than 5% to the lowest level in two years on June 19th under the U.S. - China trade war, which has dimmed hopes that U.S. farmers might still have a...

China’s Anti-Dumping Deposits on U.S. Cargoes Bolsters Australian Sorghum

Australian sorghum prices are seen rallies one day after China announced to impose anti-dumping deposits on imports of U.S. sorghum equal to 178.6 percent of their value. The deposit was higher than expected and...

Brazil Trucker Strike Begins to Affect Global Commodity Markets

When people are so focused on the trade dramas between Trump and China, it’s easy to miss what’s going on in the other parts of the world. In Brazil, the truckers strike has crippled...

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EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...