Global feed grain market: Focus on South American weather and US corn export demand

게시됨 2024년 11월 25일

Tridge 요약

The article provides an overview of the global corn market, focusing on price movements and supply-demand dynamics amid the escalating Russian-Ukrainian conflict. It highlights the impact of the conflict on corn export volumes, especially from Ukraine, and the potential for increased speculative long positions due to tensions and decreasing global corn inventories. The International Grains Council reports a minor increase in global corn production and consumption but a decrease in ending stocks, forecasting a decrease in China's corn imports and a slight increase in US corn export sales, which are on a pace to surpass the USDA target. Additionally, the article discusses the effects of high and low prices of corn in various countries like Ukraine and Brazil, where demand and planting decisions are influenced by these price fluctuations, and it touches on the global corn inventory-to-use ratio being at its lowest in 12 years, suggesting limited potential for price decline.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

On Friday (November 22), the Chicago Board of Trade (CBOT) March corn closed at $4.3525 per bushel, the same as a week ago; the spot price of No. 2 yellow corn for December shipment in the US Gulf was $5.1050 per bushel, down 0.4%. Euronext March corn closed at 211.25 euros per ton, up 0.5%; the FOB price of Argentine corn on the river was $209, up 0.5%; Brazil's B3 exchange corn futures were 73.41 reais per bag, down 1.7%. International crude oil futures rose this week, mainly because the escalation of the Russian-Ukrainian conflict caused supply concerns. The benchmark Brent crude oil futures were $75.17 per barrel, up 5.1% from a week ago. The ICE dollar index closed at 107.507 points, up 1.7% from a week ago. Up 0.78%. The sudden escalation of the Russian-Ukrainian conflict has triggered concerns about supply disruptions The Russian-Ukrainian conflict entered its 1,000th day at the beginning of this week. The tension between Russia and Ukraine escalated, and Ukraine used ...

출처: Foodmate