From wheat to oil .. 5 goods worthy to follow up in the markets this week
The fragile ceasefire agreement in the Black Sea has revived the hope of raising global wheat shipping of the main source in Europe. The United States is expected to issue the latest report on wheat cultivation, indicating future production in the world’s largest export country. While the energy trading is rushing around the world to US liquid gas delays. Here are five goods that follow up in the global market this week: Wheat is expected to stop the ceasefire in the Black Sea between Russia and Ukraine through American mediation, to the increase in the export of the two countries of wheat and other agricultural products. Russia is on its way to the eighth largest wheat export country in the world for the eighth consecutive season, while the Ukrainian wheat shates are near the war levels. The agreement can lead to lowering the cost of levying products by reducing insurance costs for ships. The atom is expected to reach the cultivated wheat area in the United States in five years, which could improve the supplies in the largest producer and atomic export country in the world. The US Department of Agriculture will issue annual forecasts for agriculture on Monday, as well as a quarterly report on grain supplies. About a third of the wheat crop is used in the United States to produce ethanol locally. The farmers are also expected to be used after the atom as a safer option in light of the possibility of the demand for the export of crops by the rewashing duties that US President Donald Trump intends to impose. The buyer -owned buyer (Coldelco) maintained a state in Chile in its position as the largest buyer producer in the world by a minor difference from its competitors after announcing its superiority over the Australian “BHP group” in 2024, as the total production of “codelco” reached 1.44 million tonnes during the entire year, which included the production of the strike. ‘BHB’ reached 1.43 million tonnes, according to the estimates of “Bloomberg Intelligence”. ‘Codelco’ seeks to keep up with competition after decades of investments with a campaign to complete the basic projects that enable it to reach areas within its old mines, with larger amounts of metal. In terms of “bhb”, it began implementing a plan at a cost of $ 10.8 billion to renew old activities in Chile, where it runs “Ecconida”; The largest copper mine in the world. LNG is expected to increase the export capacity of LNG 60% in the next few years, according to “Bloomberg in NF”, which attracts the attention of global traders. The size of the standard US natural gas contracts in Asia has increased more than twice as much over the past year. The US market was also witness to the large number of contracts distributed in Europe, the Middle East and Africa. This increase reflects the growing interest of global energy suppliers with liquid gas. Oil increases Venezuela, the amount of oil exports to China to the highest level in about two years, with the Trump administration imposing secondary customs sanctions and duties. The consignments are expected to reach their highest level since June 2023, according to the initial data extracted from the delivery reports and the movement of ships that Bloomberg follows. China is the largest oil importer in the world, and it has historically been one of the largest rough buyers sold by the sanctions, such as Venezuela, Iran and Russia, at a much lower price than the standard price.