Weekly global agricultural product summary, 18 - 22 November 2024

Published 2024년 11월 22일

Tridge summary

The article provides an overview of the agricultural market, focusing on the stability of corn prices, despite tension in the Black Sea grain export region, and the decrease in soybean meal prices due to a decrease in market purchase volume and concerns about US government policies. Fishmeal and rice prices are expected to remain stable, while pig, broiler, and chicken egg prices are expected to remain firm or stable as well.

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

Original content

View summary of agricultural products in the past << Corn: Prices are stable Animal feed corn at animal feed factory silos is priced at 585 baht per bushel. On the Chicago Futures Market, on November 20, 2024, the animal feed corn contract for December 2024 delivery increased by 3.00 cents or +0.70%, closing at $4.3025/bushel, an increase due to rising tensions in the Black Sea grain export region, which supported corn contract prices. Ukraine fired several cruise missiles at Russia on Wednesday. This news raised concerns about significant supplies in the Black Sea, but the market reaction was not severe, as there was no immediate disruption to grain trade. Trend: Domestic corn prices are expected to remain stable. Soybean meal: Prices are down Soybean meal from imported soybeans has dropped from 18.60 baht per kilogram to 18.40 baht per kilogram. The United States has harvested about 96% of soybeans. On the Brazilian side, planting has been completed by almost 65%, which is still ...

Source: Pasusart