World: Arable market report on 05 August 2024

게시됨 2024년 8월 5일

Tridge 요약

The article provides an overview of the current situation and forecasts for the cereals, oil, and currency markets. It discusses the impact of weather conditions on wheat production in Europe and favorable conditions in the US Midwest, leading to ample maize production which is weighing on cereals markets. However, the tighter global wheat balance is expected to provide support. The global wheat markets have seen modest increases, but US maize production continues to weigh on them. The article also mentions the harvest progress reports and production forecasts for various countries like France, Ukraine, Russia, and Australia, and the impact of weather conditions on these productions. Additionally, it discusses the Bank of England cutting interest rates and the current situation and future expectations for rapeseed and soyabean markets. Finally, it touches on the rise in US soyabean net sales and exports, the pressure on soyabean processors in the US due to biofuel producers' preferences, and the decline in Malaysian palm oil and rapeseed futures prices.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

While unfavourable weather impacts wheat production in several European countries, favourable conditions in the US Midwest support ample maize production weighing on wider cereals markets. Longer-term, the tighter global wheat balance will offer support. Favourable weather conditions for key maize growing states in the US support global maize production. However, a heatwave in Ukraine could impact the country’s crop and impact global supplies going forward. Firm domestic demand has supported prices however the outlook of the European spring barley crop as harvest progresses remains a watchpoint. Longer-term, barley will likely continue to broadly track the wider grains complex. Global wheat markets rose modestly last week (Friday to Friday) after broadly tracking sideways for most of the period. Chicago wheat futures (Dec-24) gained 2.5% on the week while Paris wheat futures (Dec-24) gained 0.3% for the same period. Concerns over lower European production and speculation that ...

출처: Ahdb