China may purchase one million tons of US soybeans
China fulfills its annual purchase commitment by purchasing one million tons of U.S. soybeans. Coupled with the tight global supply of oilseeds, this has pushed up the price of soybeans.
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China fulfills its annual purchase commitment by purchasing one million tons of U.S. soybeans. Coupled with the tight global supply of oilseeds, this has pushed up the price of soybeans.
The recovery of the US PPI data, coupled with the sharp increase in oil prices, has led to an increase in the expectation of the Federal Reserve to raise interest rates. As a result, gold and various precious metal futures have weakened.
The volume of ships passing through the Strait of Hormuz has declined, coupled with the escalation of conflicts in the Middle East, causing market concerns over the disruption of crude oil exports.
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Insufficient spare refining capacity, restricted Russian oil exports, and geopolitical disturbances have led to the continuous depletion of global diesel inventories. As the winter season approaches, there is an expectation of a shortage of supply in diesel futures trading.
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