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Tag Archives: global

South America Update

Planting is going well in Brazil with the help of good weather: 93% complete in Mato Grosso, 81% in Parana, and 35% in Rio Grande do Sul. But the weather is not helping in Argentina. Early dryness held farmers to only 42% of corn planted, now excessive rain has halted planting and seedlings are suffering… read more

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IMF REVISES FORECASTS

Stagnation in Europe and a weaker-than-forecast recovery in Japan has led the International Monetary Fund to again cut its global growth outlook. The IMF sees a 30% chance the euro area will re-enter recession.

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FALSE DEALINGS

A warehouse fraud at China’s third-largest port has forced banks and trading houses to consider new controls in the country’s massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.

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BEIJING GOES FOR COAL

A report from the CME Group says unlike the US, China is making big bets on “clean coal” technology. In order to keep up with consumption, Beijing will double its ranks of coal fired power stations by 2040 alongside its large scale solar and wind projects. They are also one of the few countries establishing… read more

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