Brazil: Wheat monthly conjunctural analysis as of March 2022
소맥
브라질
게시됨 2022년 4월 9일
Tridge 요약
wheat farming in brazil EMBRAPA.jpg The agents of the international wheat market were apprehensive in March, due to restrictions on cereal exports by Ukraine and Russia. In Ukrainian ports, activities have been paralyzed since the beginning of the conflict, and the planting of the next crop in the country could be hampered and/or impossible. As a result, wheat prices on US futures exchanges reached record levels in the last month.
원본 콘텐츠
wheat crop in brazil EMBRAPA.jpg The agents of the international wheat market were apprehensive in March, due to restrictions on cereal exports by Ukraine and Russia. In Ukrainian ports, activities have been paralyzed since the beginning of the conflict, and the planting of the next crop in the country could be hampered and/or impossible. As a result, wheat prices on US futures exchanges reached record levels in the last month. In Argentina, prices also had significant reactions. In the United States, considering the February and March averages, the first month of the Soft Red Winter on the Chicago Stock Exchange (CME Group) appreciated 39.6%, at US$ 11.2477/bushel (US$ 413, 28/t). On the Kansas Stock Exchange, the same-maturity contract for Hard Winter wheat advanced 31.8% to $10.9882/bushel ($403.75/t). In Brazil, negotiations took place only when agents had the greatest need to buy, in view of high domestic prices. State averages in March reached the nominal historical maximums ...