Thailand: Weekly agricultural product summary, 26 - 30 August 2024

Published 2024년 8월 31일

Tridge summary

The article provides an overview of the current prices and trends for various agricultural products in Thailand and the United States. It reports that while corn prices are stable both domestically and on the Chicago Futures Market, soybean meal prices are experiencing a decline due to forecasted high yields and good weather conditions. Fishmeal prices, on the other hand, are expected to weaken due to higher stockpiles at Chinese ports and flat purchase volumes. Rice prices are also expected to remain stable, with increases in the foreign rice market being balanced by domestic price stability. Finally, live pig and poultry product prices are noted to be firm or stable in the face of varying demand and market conditions.

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

Original content

View summary of agricultural products in the past << Corn: Prices are stable Animal feed corn at animal feed factory silos is priced at 729 baht per bushel. On the Chicago Futures Market, on August 29, 2024, the animal feed corn contract for delivery in September 2024 increased by 6.50 cents, or +1.78%, to close at $3.7175 per bushel. Agricultural product contracts rose, supported by concerns about hot and dry weather in the Midwest, which could affect the forecast for a large amount of corn production in the United States. Trend: Domestic corn prices are expected to remain stable. Soybean meal: Prices are down Soybean meal from imported soybeans has dropped from 19.90 baht per kilogram to 19.60 baht per kilogram. The market price has dropped near its lowest point in 4 years due to the forecast for a still large yield, coupled with good weather for planting, while the purchase volume in the market continues to decline. On the Chicago Board of Trade, August 29, 2024, soybeans for ...

Source: Pasusart