Updates on global soybean and palm oil markets

게시됨 2024년 12월 23일

Tridge 요약

The USDA report presented a stable outlook for soybean production across major countries, with the United States and Brazil maintaining production figures at 124.1 million and 169 million tons, respectively, and Argentina's production increasing to 52 million tons. The report anticipates the largest global soybean production due to record harvests in South America and near-record harvests in the United States, which could lead to pressure on prices. Despite a slight drop in November, soybean crushing in the United States is expected to reach an all-time high. However, soybean futures on the Chicago Board of Trade experienced significant losses due to these production forecasts and the depreciation of the Brazilian real. In Europe, there are concerns about demand for vegetable oils with the introduction of the E15 ethanol blend, while Indonesia plans to increase palm oil blending, which could influence corn consumption and soybean demand.

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

원본 콘텐츠

The USDA (United States Department of Agriculture) report on soybeans, released in December, indicated a neutral outlook, with few changes in global figures. Soybean production in the United States and Brazil was maintained at 124.1 million and 169 million tons, respectively, while Argentine production increased to 52 million tons. According to Luiz Fernando Roque, Market Intelligence Coordinator at Hedgepoint Global Markets, the record harvest in South America, especially in Brazil, and a near-record harvest in the United States should result in the largest global production ever recorded, putting pressure on prices on the Chicago Stock Exchange in the coming weeks. The planting of the Brazilian soybean crop is practically complete, with only a few areas in the South (Rio Grande do Sul and Santa Catarina) and in the North and Northeast (Maranhão, Piauí and Tocantins) still underway. The planting pace is above the historical average, making up for the delays that occurred in ...

출처: Portal Do Agronegocio