Shanghai zinc price soars to near 15-year high

Shanghai zinc prices rallied to their highest since July 2007 last week on worries over supply shortages in top consumer China. The most-traded May zinc contract on the Shanghai Futures Exchange rose as much as 5.4% to 28,995 yuan a tonne ($4,554.16), before settling up 3.2% at 28,395 yuan ($4,459.92). Benchmark zinc on the London Metal Exchange […]

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International Grains Council cuts forecast for 2021/22 global wheat crop

The International Grains Council (IGC) cut its forecast for the 2021/22 global wheat crop, reflecting diminished outlooks for Russia, Canada and the United States. In its monthly update, the inter-governmental body cut its 2021/22 world wheat crop outlook by 6 million tonnes to 782 million tonnes. The Council attributed the cut from last month to […]

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Global wheat stocks-to-use ratio seen declining in 2020/21 despite record output, says USDA

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The global wheat stocks-to-use ratio is anticipated to decline in 2020/21 despite record production, with consumption up more than 10 percent from the prior year on more use in China and India, the U.S. Department of Agriculture said in its latest monthly update. Global stocks are up only marginally from 2019/20. Approximately half of stocks […]

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