Global agricultural prices: Good prices in cereals and soybeans, China is buying up stocks in 2022
Wheat
Maize (Corn)
Soybean
Durum Wheat
Published Jan 13, 2022
Tridge summary
According to an analysis by Nikkei Asia on USDA data, by the first half of the agricultural year 2022, China will have acquired 69% of the world reserves of corn for livestock feed, 60% of rice and 51% of wheat at the base of human nutrition, with consequent sharp increases in prices all over the planet.
Original content
With the Covid-19 pandemic, therefore, a scenario of hoarding, speculation and uncertainty due to the effects of climate change has opened up, which pushes the race of individual states to essential goods, in order to guarantee the nutrition of the population. Emergency for Europe The emergency for Europe extends from gas to agricultural food products, where the international prices of cereals, which rose by 23.2% compared to the same month of the previous year, are pulling the sprint, while dairy products rise by 19. %, sugar increased by more than 40% and vegetable fats jumped by as much as 51.4% compared to last year. Faced with this scenario, what can be predicted for the prices of wheat, corn and soy in 2022? To answer, let's start with stocks. The graphs show that end-of-campaign stocks in the US are low for wheat (-43.2%), corn (-22.3%) and soy (-35%) and the same is true for durum wheat (-31, 8%) worldwide. The 2022 arable land situation in the US shows a decline in corn, ...
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