Capesize

17950

Sep-17
0.00 0.00%

Panamax

11175

Sep-17
225.00 2.05%

Iron Ore

76.5

Sep-17
0.85 1.12%

Sing 380

278.25

Oct-17

Coking Coal

208

Sep-17
0.00 0.00%

Nola Urea

212.5

Sep-17
0.00 0.00%

FIS Technical – Grains And Ferts


FIS Technical – Grains And Ferts

Beans – slightly firmer on the week on the back of some fund short-covering ahead of tomorrow’s USDA report and some drier weather forecasted for the balance of September. With demand solid and a few weeks more weather to get through, there looks to be some upside potential given we remain in a technically constructive zone…provided there is no bearish shock in tomorrow’s report.

Corn – still looks negative technically, however, there are signs we may be seeing some longer term support. Yield debate continues but eh heavy US and global stocks look  likely to maintain a tight fundamental lid on prices.

Wheat – remains very depressed fundamentally and technically.

Urea is still firmly in a bullish technical zone with the 200 day moving average in AG / M.East in play, though, our work suggests it may take a pause for breath between 237 and 240 before making a move towards this target. The normal Indian tender negotiations could well support this short-term assessment.

soy 11-9-17

To view the full report please click on the link