The global scenario does not seem favorable for soybeans

게시됨 2024년 9월 23일

Tridge 요약

The article, featuring Sol Arcidiácono, the commercial director of grains for Latin America at Hedgepoint, provides an in-depth analysis of the global grain market, focusing on the challenges and opportunities presented by price volatility. With the United States expected to have a record harvest, thanks to favorable weather conditions and an increase in sowing area, and China's selective but significant purchases, the market is experiencing a structural shift. This shift is further highlighted by the comfortable supply ratio of 13 to 15, indicating a less anxious market despite potential events that could cause volatility. The USDA anticipates growth in US soybean exports and milling, despite a decrease in China's purchases. Additionally, the US flour export industry is on the rise, with advance sales surpassing last year's record.

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원본 콘텐츠

In the Panel “The local market and international perspectives in a complex context”, of the Acsoja 2024 Seminar, international production, supply and demand were analyzed in a scenario of price volatility of the main productions. Sol Arcidiácono, accountant, master in finance and commercial director of grains for Latin America at Hedgepoint, a broker from Chicago, indicated that the price volatility observed today in international markets implies challenges and opportunities. This is a key moment, since the harvest and the commercial cycle in the United States begin in what is anticipated to be a record harvest. “This year we had an increase in area, the second largest profitability in history, with a perfect summer,” said the analyst. Meanwhile, sowing is being defined in South America, Brazil is already beginning, there the starting point is September 15. “In this cycle that we are leaving behind, China has been selective, but it has bought very well, reaching a record of 111 ...

출처: On24