Crop price analysis on August 30: Worsening crop prospects drive prices up on the global market

게시됨 2024년 8월 31일

Tridge 요약

The article provides an overview of the current situation and forecasts for the market prices of key crops, including corn, soybeans, sunflower, barley, and wheat, in various global markets. It highlights record pace of barley exports and a decrease in wheat quotes, attributed to reduced harvest estimates in France and Germany, slowdown in tenders, and quality deterioration in Russia. Corn prices are not yet formed, with market uncertainty due to potential lower yields and freight costs impacts. Sunflower prices in Russia are strengthening due to increased trading activity and the need for a raw material base in oil mills. The dynamic of these market prices is influenced by various factors such as export duties, demand from China, harvest forecasts, and logistical challenges.

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

원본 콘텐츠

The yield data for corn, soybeans and sunflower at the start of the harvesting campaign do not inspire optimism in terms of the prospects for the gross harvest, but for price indicators this is becoming a growth factor. Barley exports are proceeding at a record pace: in the first two months of the season, about 35-40% of the potential for the entire season was sent abroad. Meanwhile, wheat quotes have fallen, but experts believe that a reversal of the trend should be expected in the fourth quarter. WHEAT World market Factors leading to price growth: A sharp decrease in wheat harvest estimates in France and Germany. Factors leading to a decrease in prices: A slowdown in tender activity, purchases by Tunisia and Jordan confirm stagnation of prices in the range of $215-220 per ton (FOB Black Sea). Russian market Factors leading to price growth: Deterioration in the quality of wheat in the Volga region and Western Siberia against the backdrop of heavy rains during the harvesting ...

출처: Zol