top of page

Agricultural Products Market Summary August 1, 2022

13 thg 8, 2022

Soybeans

The "bull market" prevails today. Information about China planning to introduce a $200 billion stimulus package has attracted new buying interest in the market. Additionally, news about China purchasing PNW corn from the U.S., PNW wheat from the U.S., and Gulf sorghum from the U.S. has further supported demand. Although China is not buying U.S. soybeans, higher crushing margins and a larger pig herd have contributed to boosting new buying interest.


The key factors currently affecting commodities are the low U.S. dollar, higher and stable demand in China, higher copper prices, and a more dovish Fed. There is some sentiment that funds are not interested in buying commodities until a real recession appears. Funds are also quite patient in buying soybeans, awaiting the U.S. export sales report tomorrow as they are concerned that U.S. export sales will be less positive. Trade estimates suggest that old crop sales could range from -300 to 300, while new crop sales are expected to be between 100-300 million bushels. The average forecast for U.S. ending stocks of soybeans for the 2021/22 season is 210 million bushels, compared to the USDA's forecast of 205 million bushels, and for the 2022/23 season, it is 207 million bushels compared to the USDA's 280 million bushels.

Related Posts

The global coffee market declines.

Coffee News October 2, 2024

2 tháng 10, 2024

Dữ liệu Tiến độ Cây trồng cho thấy 39% diện tích lúa mỳ mùa đông đã được gieo trồng, với 14% đã nảy mầm, cả hai chỉ số đều nhanh hơn 1% so với tốc độ trung bình.

Bản tin Nông sản ngày 02.10.2024

2 tháng 10, 2024

The dollar index rose by 0.4% on Tuesday and reached a 1-1/2 week high, supported by the weakening of the euro due to Eurozone consumer prices rising at the slowest pace in 3-1/2 years.

Metals News October 2, 2024

2 tháng 10, 2024

Related Post

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

bottom of page