Positive price expectancies to Aussie wheat, soybeans and corn
Jose Salman
Published 2020년 11월 17일
US Department of Agriculture (USDA) and World Agricultural Supply and Demand Estimates (WASDE) report was good news for Australian farmers, many in the midst of a bumper harvest.
Analysis was that the report expected high prices for soybeans and corn and slightly higher prices for wheat and cotton.
For Australia's most important crop, wheat, there was little news from within the complex, apart from a slight ratcheting up of demand from China, but the spin-off from the strong fundamentals in soy and corn are set to increase demand.
Chinese imports would mark the highest amount of wheat the Asian giant has brought in since the mid-1990s.
The spin-off from the strong soybean sector will influence the entire oilseeds complex so Australian canola producers can look forward to a continuation of the current high prices, which are at decile 10 levels at present.
Analysis was that the report expected high prices for soybeans and corn and slightly higher prices for wheat and cotton.
For Australia's most important crop, wheat, there was little news from within the complex, apart from a slight ratcheting up of demand from China, but the spin-off from the strong fundamentals in soy and corn are set to increase demand.
Chinese imports would mark the highest amount of wheat the Asian giant has brought in since the mid-1990s.
The spin-off from the strong soybean sector will influence the entire oilseeds complex so Australian canola producers can look forward to a continuation of the current high prices, which are at decile 10 levels at present.
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