Exports since the beginning of April (01-16) amount to 1.36 million tons, with Turkey being the key destination (≈408 thousand tons). Significant volumes also go to Italy (≈226 thou
원본 콘텐츠
Throughout the week, CBOT quotations remained in the lower range after attempts at recovery. Improved weather conditions in the U.S. and a revised crop estimate in Argentina (up to 61 million tons) increase supply, while the market is gradually losing its weather premium. Fund activity is focused on repositioning without forming a clear upward trend. This is reported by analysts at Spike Brokers. The fundamental balance is shifting towards surplus supply: South America is actively supplying, and the share of drought-stricken regions in the U.S. has decreased to ≈26%. The cost of production and potential reduction in acreage is not yet factored into prices. The physical market in Ukraine is responding cautiously. Prices on a CPT basis in Odessa increased by +$2 to $216 over the week, while FOB prices are holding near ≈$226 (≈-$17 y/y). Ukrainian origin is partially losing competitiveness in Northern Europe relative to the U.S. and Brazil. sand tons), Spain (≈117 thousand tons), as ...