Financial Overview of Agricultural Products

Published 2021년 4월 23일

Tridge summary

The article reports on the closing prices for various agricultural commodities, including wheat, corn, cotton, soybeans, and lean hog futures. Wheat markets saw gains in winter wheat and declines in spring wheat, with mixed production reports and predictions for Russian wheat production ranging from 75 to 79.5 MMT. Corn futures experienced losses after the NASS report and comments from Peter Navarro, with the new crop showing potential for record yields. Cotton futures closed at a premium of 3.60 cents through December, while coffee futures closed lower due to the ongoing Brazilian harvest and hot, dry climate in Vietnam. Soybean futures saw losses, but there was a recorded sale of 132,000 MT of new soybean crops to China. Lean hog futures closed with gains of $0.75 to $1.40, with anticipation for an inventory of pigs at 78,502m head, a 3.7% increase from the previous year.

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Original content

Wheat23 / June / 2020, 06:10:58 pm (ASERCA) - Domestic wheat markets closed on either side of the market on Tuesday, with gains for winter wheat and declines in spring wheat. HRW futures rose higher on the day with gains of 3¾3 cents. Chicago SRW wheat futures closed fractionally at 1½ cents higher. MPLS HRS futures fell 4-4 cents at the close. Day 6 of the KS harvest reports noted several-day rain delays for the central regions, with notes of wind and hail damage. Yields were still above expectations. French Agritel estimates Russian wheat production at 77.5 MMT. IKAR is at 79.5, the official Russian Ministry of Agriculture is at 75, and the USDA sees the 2020 Russian wheat crop at 77 MMT. The Japanese MOA issued a tender for 101,243 MT for wheat of American, Canadian and Australian origin. Results are expected on Thursday. Corn23 / June / 2020, 06:10:58 pm (ASERCA) - Corn futures in the first month closed 3¼ to 5 cents less after digesting the weekly NASS report and some ...

Source: Arriba El Campo