Tuesday , July 5 2022

Various quotes after the USDA report – 08.11.2013


In the afternoon of this Thursday, as well as every day in which updated estimates of the US Department of Agriculture are published, location Rosario Stock Exchange He attended a a large number of operators who remained in the search news and its impact on Chicago's market prices. As a reflection, there was a decline in the level of commercial activity. In addition, the local market had proposals for mutual purchases for contracted soybeans and various offers for cereals.

On the market Chicago, after knowing the estimation of the supply and demand of the USDA, the main grains adjusted Different balance in an unstable session. Futsal soya They were locked mild losses for the purchase at the end of the session after the prices fell before the release of the report in which The United States is on the rise. Derivatives wheat They also fell for it technical sales and forecasts of major global stocks. For its part, corn finished the session with earnings after USDA reduced the stock estimate in the United States, which is almost 1 Mt below the average operator expectations.


Open soybean purchases on the local market are in $ 8,700 / t for contracted deliveries, but excluding possible improvements of up to 100 pesos.

Soccer soccer in Chicago ended the day almost unchanged for shopping at the end of the session after much of the day was sold. Fruit oilers crashed once published a monthly report on the supply and demand of the USDA, although it reduced its estimates for US harvest, significantly increased the level of shares at the end of the campaign. The soya stock would reach 26 Mt, which would exceed commercial expectations that were 24.4 Mt and USDA estimates last month, which amounted to 24.1 Mt. The largest estimated shares are the product of a smaller volume of American soybean exports amidst sustained trade tensions with China. Global Supply Estimates pressure on soybean prices, since global actions of 112 Mt, 2 Mt are expected more than last month's estimate and 1 Mt above market expectations.


During the day, the offer for buying wheat was at the same time simultaneously with the delivery $ 6,200 / t, not excluding that the work has been done with some room for improvement. Values ​​opened by wheat of new crops were positioned at 175, 178, 182 and 185 dollars per ton for discharges in December, January, February and March, respectively.

Wheat futures in Chicago are closing the trading day low technical sales and in response to the largest global campaigns estimated by USDA in its monthly report on supply and demand, after production audit in the last 10 years in China. However, excluding China, global action in the rest of the world will fall by 1Mt. Although the Department of Agriculture estimates the more custom stock levels for this campaign in the United States, by reducing its stocks, the rise in global stock compliance has an intermittent effect on future cereals. On the other hand, the estimate of seed use has increased, confirming that in the 2019/20 season, the intentions of sowing wheat would be higher.


In that quarter on Thursday, the price was offered for corn with contract delivery $ 4,650 / t. In the future business segment, $ 130 was offered during the unloading in December, down from $ 4 yesterday, while for the new culture, the offered values ​​for February were $ 142 / t, $ 140 / t for March, US $ 138 / t for April, US $ 136 for May, US $ 135 / t for June and US $ 133 / t for July.

The corn fuels in Chicago closed the session gains after USDA cuts the stock estimate in the United States in your monthly bidding and demand report. The final action would be 44 Mt, 2 Mt below the forecast in October and almost 1 Mt below the average operator expectations. However, on the global level, the final actions of 2018/19. The years decreased from 159 Mt in October to 307.5 Mt in November. The increase is explained recently an official review of the production estimates of the Government of China, which added 143 million tons to its inventory calculation at the beginning of the 2018/19 season, and adopted by the USDA in its latest report.

Source link