Analyst Insights

• Last week saw an extension of the agreement for 60 days.
• Russia’s ongoing complaints restricting their own exports.
• The political power struggle complicating the long term.

• Weather seems to be drier (due to El Nino effect?).
• Ratoon cane’s stalk isn’t developed, and leaves turn yellow.
• Cane volume may be lower than last year if dry season continues without rain.

• Spot and 2024 sugar prices unchanged.
• Beet planting nearing completion in most areas albeit later than hoped.
• Processors report slower-than-expected deliveries of contracted sugar.

For those seeking more than just analysis of the Dollar Index as a benchmark for currencies as a whole, this report looks at 8 major spot Forex pairings that make up the lions’ share of the vast global FX marketplace while ensuring that critical diversity key to the successful investor.

• Zimbabwe has voided all of its existing carbon credit contracts.
• It’s introducing a new revenue split arrangement for emissions reduction projects.
• Investors are now factoring in political risk and lower returns to global carbon markets.

• Strong feedstock demand from renewable diesel industry.
• Confidence the EPA will reconsider its Dec’22 eRINS mandate.
• Aviation fuel demand could be beneficial for agriculture.

• The shipping industry is facing unprecedented environmental and operational challenges.
• But technological advances can help the industry operate more efficiently.
• We spotlight some of the most innovative technologies available for the shipping industry.

• China liquid sugar and premix imports rise 42% YOY in Jan-Apr.
• High local sugar prices have driven the increased demand.
• Lower Thai and Indian sugar supply could slow premix and liquid sugar imports in H2’23.

• Drought for UK winter crops unlikely.
• But cool and wet weather increases disease risk.
• All crops now planted except 4ha of sunflower.