CORN
CBOT corn prices fell in the first session of the week on July 17 amid profit taking and expectations that the US would upgrade its crop condition ratings.
Corn prices surged to their highest levels since late June on Tuesday and Wednesday on concerns about crop weather in the US and spillover support from rising soybean prices.
Thursday morning, CBOT corn prices were driven by profit-taking after prices rose to their highest in more than three weeks on Wednesday. Weekly corn export sales totaled nearly 730,000 tons, the USDA said on Thursday morning.
WHEAT
The increase in wheat prices at the end of last week caused traders to take profits, so in the second session, CBOT corn prices fell, Russia’s failure to extend the Black Sea grain deal did not lead to a sustainable increase in prices, but Russia said it would consider re-joining if it sees “concrete results” for certain requirements. The USDA says its wheat harvest is 57% complete from last week.
After Russia’s attack on Ukraine damaged infrastructure at the port of Odesa, wheat prices rose sharply.
Wheat prices continued to increase on Wednesday as tensions between Russia and Ukraine will slow exports from the main supplier in the Black Sea.
Wheat prices fell slightly on Thursday, the week’s wheat sales were reported by USDA to reach more than 170 thousand tons , this figure was lower than the market forecast of 200-500,000 tons.
SOYBEAN
CBOT soybean prices rose on Monday because of uncertainty over production potential for the U.S. crop. The size of this year’s crop is largely unknown because it depends on the weather in August, analysts said.
CBOT soybean prices rose on Tuesday on concerns that wetter weather in the United States could hurt yields.
Soybean prices rose for a fifth straight session to their highest in more than a month on concerns that hot and dry weather would strain crops in the US Midwest. The US Department of Agriculture said on Thursday morning, soybean export sales totaled nearly 890 thousand tons.
Source: dautuhanghoa.vn
SORT NEW
The Ministry of Transport recently requested the government to approve the “Planning for development of Vietnam’s inland port system in the period of 2021 – 2030, with a vision to 2050”. Orientation to develop the inland port for the purpose of organizing the transport of goods, especially those carried by containers, in a reasonable direction.
Source: baotintuc.vn
