Market Review - Focus on mid-June

Published Jul 6, 2020

Tridge summary

The article provides an overview of the current situation and future expectations for various agricultural markets, including corn, soybeans, soybean meal, rapeseed meal, cotton meal, DDGS, fishmeal, whey powder, lysine, vitamins A and E, and pork and egg prices. It discusses the factors influencing the prices and supplies of these commodities, such as production schedules, export prospects, and the impact of the non-crown epidemic. The market trends and future outlook for each commodity are discussed in detail, with an emphasis on the current market dynamics and the various factors that could influence future price movements.

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

Original content

Market commentary-Focus on corn The price of corn is weakening today. Temporary reserve auction starts again, the market wait-and-see sentiment remains strong, there is no obvious upward trend in the arrival volume of processing enterprises, and market price fluctuations are limited. Due to the relatively limited stock of high-quality corn, the auction is expected Before the grain is exported, there is relatively limited room for corn price reduction, and there is room for continued rebound in the short term. In the medium and long term, with the continuous release of grain storage and the arrival of imported cereals, and the arrival of new season wheat, it is expected to be in mid-June The tight supply situation in the domestic corn market will only improve in the near future. Soybean meal US soybean export prospects improved, confirming soybean exports to China, and hoping for more exports to China, so US soybeans continued to rise overnight, A three-week high was reached. ...

Source: ZG3N