CORN
Closing the first session of the week on August 7, bigwin138 the price of CBOT maize fell at 195 USD/ton as the rainy weather eased concerns about the stressful herd crop, however, the decline was limited by the recovery in the world. wheat market and concerns from wars in Russia and Ukraine
The August 8 CBOT corn price was $194 a tons, the rains in July helped the crop get through an important growing period, the US corn harvest could be the second largest in history.
CBOT corn price on August 9 was 195 USD/ton, the pressure of losses spread in the wheat market affecting corn prices.
CBOT corn prices on August 10 and August 11 were $196 per ton, USDA reported export corn sales of nearly 910 thousand tons, in line with analyst estimates.
WHEAT
Closing the first session of the week, CBOT wheat prices increased rapidly due to the intense war bigwin138 between Russia and Ukraine. Russia’s 2023/24 wheat exports are forecast to reach a record 48.1 million tons, for Ukraine, wheat exports will reach 2.56 million tons.
Wheat prices in the third session on August 8 continued to fall due to the pressure of profit-taking of investors when the price increased rapidly in the previous session.
Prices continued their losing streak on Wednesday as the war in Ukraine threatens supplies from the Black Sea.
Wheat prices rose slightly on Thursday, with USDA reported wheat export sales reaching more than 550,000 tons, analysts betting bearish ahead of Friday’s US government report.
Wheat prices fell at the end of the week, like corn and beans, demand cuts remained the main concern.
SOYBEAN
Soybean prices on August 7 were 520 USD/ton, the lowest level since the end of June due to favorable weather forecast for crops. The price did not change much in the 3rd and 4th session. Corn production may be cut by USDA according to analysts’ forecasts.
Soybean prices on August 10 were $519/ton, and a sharp drop in export demand for US soybeans supported new crop year contracts. Export sales reached nearly 430 thousand tons.
Soybean prices on August 11 were $507/ton, estimated new crop production and ending stocks bigwin138 were both lower than traders’ expectations.
Source: thitruonghanghoa.com
SHORT NEWS
DHL’s second-quarter report shows revenue and profit are falling due to fluctuating volumes and rates. Falling carrier demand, rising inflation and high inventories have pushed freight rates down.
Hapag-Lloyd announced a new bigwin138 General Rate Increase (GRI)/General Rate Adjustment (GRA) surcharge for shipments from India, Sri Lanka, Pakistan to the US East Coast.
Source: Phaata.com and vnexpress.vn
