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Soybean futures prices on the Chicago Mercantile Exchange climbed to their highest level since September 2012 after traders positioned themselves ahead of the World Agricultural Supply and Demand Estimates (Wasde) May report and against a backdrop of continued tight bean supply
Seaborne coking coal prices surged up in both the cfr and fob markets on Friday May 14 due to increased buying interest and positive market sentiment in both markets.
Prices for containerized ferrous scrap in the key Taiwanese market surged this week amid strong demand for cargoes and limited offers from sellers waiting for more price increases.
Base metals prices on both the LME and SHFE were mainly weaker this morning, Friday May 14, and seem to have got some downward momentum, even though broader markets have seen a buy-the-dip mentality emerge.
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