World: Summary of agricultural product conditions for the week 12-16 February 2024

Published 2024년 2월 17일

Tridge summary

The article provides an overview of the current conditions of various agricultural products. Corn prices remain steady, although futures have dipped due to anticipated large crop yields. Soybean meal prices have fallen due to expected high production. Fishmeal prices are stable, with no market activity due to the Chinese New Year. Rice prices have fallen in both international and domestic markets. Pig prices have dropped, while broiler and chicken egg prices are predicted to remain steady.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

See a summary of past agricultural product conditions<< Corn: Price stable Corn for animal feed at the animal feed factory silo The price is stable at 630 baht per item. On the Chicago Commodity Futures Market, February 15, 2024, the animal feed corn contract March 2024 delivery fell 6.50 cents, or 153%, to close at $4.1775/bushel. Corn futures fell to a new three-year low, pressured by expectations of a large crop. in the market The US Department of Agriculture expects Corn stocks will increase approximately 17% from the end of the 2023/2024 marketing year to 2.532 billion bushels at the end of the 2024/2025 marketing year, the highest since 1987/1988. Trend: Domestic corn prices are expected to be stable. Soybean meal: price decreased Soybean meal from imported soybean seeds The price dropped from 22.50 baht per kilogram to 22.30 baht per kilogram. The harvest in Brazil is still ahead of the 5-year average, with the harvest now over 50%. Weather conditions in the growing region ...

Source: Pasusart