AGROMERCADO WEEK FROM 16 TO 20 JULY

WEEK AGROMERCADO FROM 16 TO 20 JULY

Generalized gains in the commodities market. Prices rose at the pace of an external demand that reactivated and generated optimism. Week of increases in the United States, with increases above 4% for corn; 3.4% for wheat; and 3.7% for soybeans. Investment fund purchases, in oversold markets, were primarily responsible for improvements, in an environment where the overall scenario has not changed, given that the US-led trade war against China and the battles it is challenging the European Union, Mexico and Canada are still far from being solved

Corn

The weekly balance on the Chicago Stock Exchange was positive for corn prices, where the September and December contracts gained 4.10 and 4.02 percent, from 134.34 to 139.86 and 139.66 to 145.27 dollars per tonne. Investment fund purchases have been fundamental to the price rebound, which is still very depressed due to the uncertain consequences of Trump's tariff crusade, which is now facing exportable goods from the United States. to such diverse destinations as China, the European Union, Mexico and Canada. In addition to technically compensating for an oversold market, in the shares of the funds, which were buyers during the five sessions, the climate and the possibility that the conditions seemed drier on the producing areas were present. In this sense, the opinion of speculators based on the weekly report of the USDA on crops. In this document, the agency weighted 72% of corn in good / excellent condition, below last week and as expected by operators. He added that 63% of plants are pollinated, well ahead of the average over the past five seasons (37%). On the other hand, the weekly report on US exports was positive for the corn market. Indeed, on Thursday, the USDA released sales 2017/2018 for 641,000 tons, above the range expected by operators, from 300,000 to 600,000 tons. The 2018/2019 cases were confirmed at 774 500 tonnes, also above the estimated private range of 200 000 to 500 000 tonnes.

Wheat

The weekly wheat balance in the United States was positive for prices. On the Chicago Stock Exchange, the September and December positions rose by 3.82 and 4%, after falling from 182.62 to 189.60 and from 188.31 to 195.85 dollars per ton. The same contracts on the Kansas Stock Exchange totaled 3.40 and 3.39 percent, from 180.69 to 186.84 and 189.69 to 196.12 per ton. Among the fundamentals that made possible the rebound of the cereal highlighted the complications that crops are showing in much of Europe, where in addition to the fall of the Russian crop are also expected lower volumes in Germany , in Poland and Great Britain. In France, the company Agritel has calculated the production of soft wheat at 34.20 million tons, 6.5% less than the previous year. As for clean crops, the USDA reported Monday the winter wheat harvest advance on 74% of eligible acreage, slightly ahead of the 71% average of the five previous seasons. About spring wheat, the body weighed 80% in good / excellent condition, unchanged from last week and far from the meager 34% in effect a year ago. On the other hand, the weekly report on US exports was neutral, given that the USDA eased Thursday sales of 300,000 tonnes of wheat, reaching within the market's expected range of 150,000 to 500,000 tons.

The weekly balance on the Chicago Stock Exchange was positive for soybean prices, where the positions of September and December gained 3.79 and 3.73%, from 300.84 to 312.23 and 302, $ 95 to $ 314.25 per tonne. Thus, oilseed prices have ceased to be the worst for nearly 10 years and are now the lowest since early March 2016. With the 25% Chinese tariff for the current US soybean and no solutions in sight for the war The president of the United States, Donad Trump, unveiled the fundamentals of the rebound observed during the week: occasional purchases made by investment funds in a market clearly outperformed, and speculation with a climate a little drier producing areas, which could avoid – in the opinion of the operators – the achievement of a record harvest. This latest speculation began after the weekly report on the USDA crops. In this paper, the agency weighed 69% of soybeans in good / excellent condition, down from 71% last week. The USDA noted that 65% of the plants went through the flowering stage and 26% of the plants formed pods. In contrast, the weekly report on US exports was slightly positive. On Thursday, the USDA reported 2017/2018 soybean sales for 252,300 tonnes, reaching within the market's expected range of 200,000 to 500,000 tonnes. Businesses in 2018/2019 reached 613,400 tonnes, above the range calculated by private companies, from 100,000 to 500,000 tonnes. It is important to note that among the operations is a purchase of 120,000 tons of Argentina

AGROMERCADO WEEK OF 16 JULY

AGROMERCADO WEEK OF 16 TO 20 JULY

AGROMERCADO WEEK OF 16 TO 20 OF JULIO

WEEK OF AGROMERCADO FROM 16 TO 20 JULY

WEEK OF AGROMERCADO FROM 16 TO 20 JULY