Analysis of global crop prices on July 5: Demand for sunflowers exceeds supply

Published 2024년 7월 6일

Tridge summary

Export prices for wheat and barley are decreasing due to positive harvest forecasts in Russia and a decline in global quotations. However, drought could impact growth. The sunflower market has an imbalance with oil factories lowering prices, but farmers refuse to follow suit, leading to decreased liquidity and processors raising purchase levels. The soybean complex remains stable due to a shortage of high-protein raw materials. The article also discusses the potential for record crop updates in Russia, but weather in August will be a key factor. The market remains fragmented with varying demand and prices for different crops.

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

Original content

Export prices for wheat and barley are declining on the back of optimistic news about the harvesting company in Russia and the dynamics of global quotations, but worsening drought could be a factor in growth. There was an imbalance in the sunflower market: oil factories lowered prices, but farmers did not support this trend, which led to a decrease in liquidity and forced processors to increase purchase levels again. And only in the soybean complex is everything stable due to the shortage of high-protein raw materials. World market Factors leading to rising prices: Factors leading to lower prices: Russian market Factors leading to rising prices: Factors leading to lower prices: Summary: Exporter prices in ports are gradually going down, reacting both to the decline in world prices and to the positive background of the new harvest. Thus, as of July 2, the pace of the harvesting campaign and yield in the southern regions of the Russian Federation were significantly higher than last ...

Source: Zol