Post by account_disabled on Dec 19, 2023 21:06:55 GMT -7
Corn: Prices increased this week as maize production is still sparse. causing little to enter the market This results in the price of animal feed corn at the animal feed factory silo. Increased from 645 baht per bag to 648 baht per bag. Chicago futures market, January 12, 2022, animal feed corn. For delivery in March 2022, the price is 598.75 cents/bushel. At present, plantations in South America are still worried about drought problems. from less than normal rainfall and higher temperatures. This has started to affect the growth and quality of corn production, which is in the good to very good range. While reporting on demand and supply of agricultural products from the US Department of Agriculture.
It is expected that corn supply in Brazil for the 2021/22 season will decrease from 118 million tons to 115 million tons and Argentina will decrease to 54 million tons. Trend: Domestic corn prices are expected to Telegram Number Data be stable. Soybeans: Prices will increase. Soybean meal from soybean seeds was imported this week. The price increased from 19.90 baht per kilogram to 20.10 baht per kilogram. Grown in Brazil and Argentina. Continuously faced with the problem of dry weather conditions. causing new production forecasts to decrease while demand remains high Starting to have more purchasing volume in the market. As for freight rates, they remain high and stable. As a result, the price of soybean meal from imported soybeans has increased and is likely to increase further. On the Chicago futures market on January 12, 2022, soybean seeds March 2022 delivery round, price is 1,398.50 cents/bushel and soybean meal. March 2022 delivery, priced at USD 416.2/ton. Due to weather problems, the forecast for soybean production in South America has decreased.
Brazil's soybean production decreased from 144.0 million tons to 139.0 million tons. Argentine soybean production dropped to 46.5 million tons, which was 3 million tons less than last month. This figure resulted in the production volume and soybean stocks. In the 2021/22 world season, production dropped to 372.56 million tons and stocks dropped to 95.20 million tons. Farmers in Brazil this week began harvesting their crops. Reduced rainfall in the central area will help the harvest proceed faster. Outlook: Prices of imported soybeans are expected to increase. Fishmeal: Prices are stable. Fishing in Peru this week The past continues to decline Because it is the end of the fishing season. The actual amount of fish caught so far has exceeded 95% of the quota. China side, main buyer Port purchase volume remains stable.
It is expected that corn supply in Brazil for the 2021/22 season will decrease from 118 million tons to 115 million tons and Argentina will decrease to 54 million tons. Trend: Domestic corn prices are expected to Telegram Number Data be stable. Soybeans: Prices will increase. Soybean meal from soybean seeds was imported this week. The price increased from 19.90 baht per kilogram to 20.10 baht per kilogram. Grown in Brazil and Argentina. Continuously faced with the problem of dry weather conditions. causing new production forecasts to decrease while demand remains high Starting to have more purchasing volume in the market. As for freight rates, they remain high and stable. As a result, the price of soybean meal from imported soybeans has increased and is likely to increase further. On the Chicago futures market on January 12, 2022, soybean seeds March 2022 delivery round, price is 1,398.50 cents/bushel and soybean meal. March 2022 delivery, priced at USD 416.2/ton. Due to weather problems, the forecast for soybean production in South America has decreased.
Brazil's soybean production decreased from 144.0 million tons to 139.0 million tons. Argentine soybean production dropped to 46.5 million tons, which was 3 million tons less than last month. This figure resulted in the production volume and soybean stocks. In the 2021/22 world season, production dropped to 372.56 million tons and stocks dropped to 95.20 million tons. Farmers in Brazil this week began harvesting their crops. Reduced rainfall in the central area will help the harvest proceed faster. Outlook: Prices of imported soybeans are expected to increase. Fishmeal: Prices are stable. Fishing in Peru this week The past continues to decline Because it is the end of the fishing season. The actual amount of fish caught so far has exceeded 95% of the quota. China side, main buyer Port purchase volume remains stable.