CORN
In line with the market, corn prices rose in the first session of the week, this is the highest level in a month after Russia attacked Ukraine’s grain storage on the Danube. Brazil harvested 47% of the second crop in the southern region last week.
Corn prices fell for a third session, with the International Monetary Fund estimating that Russia’s withdrawal from a deal allowing Ukraine to export through the Black Sea could boost global cereal prices by 10-15%, but said it was continuing continue to assess the situation.
Corn prices continue to fall on Wednesday, Rain forecast for some dry and hot areas in the US Midwest has put pressure on the corn market, as the crop nears the end of the yield-determining pollination period.
Corn prices fell for a third straight session as investors began to reduce risks amid signs that the hot weather in the US West this week may be short-lived.
WHEAT
Wheat prices rose in the first two sessions of the week immediately after Russia attacked Ukraine’s ports and grain infrastructure, which included Russia’s attack on grain storage on the Danube. Russian export wheat prices rose last week after Russia pulled out of the Black Sea grain deal. US wheat exports last week totaled nearly 360,000 tonnes, the USDA said. The US winter wheat harvest is 68% complete.
Foreskin prices fell sharply on Wednesday on better-than-expected spring wheat forecast
Wheat prices were volatile on Thursday, as market traders waited for a clearer view of global grain exports out of the Black Sea. The US Department of Agriculture on Thursday morning said export sales of wheat totaled 233,200 tons for the week ending July 20.
SOYBEAN
CBOT soybean prices rose on Monday. Concerns about global food security are growing after Russia attacked Russian ports and infrastructure. USDA has confirmed the private sale of 121,000 tons of beans to China.
Due to profit taking, soybean prices fell on Tuesday. Traders continued to worry about weak export demand for US soybean supplies due to Brazil’s bumper harvest.
Contrary to wheat, soybean prices edged higher on Tuesday supported by a weakening dollar and news of US soybean export sales to unspecified points.
Chicago Board of Trade soybean futures fell on Thursday, as investors began to reduce risk amid signs that hot weather in the US Midwest this week could short-lived only.
Source: giacatloi.vn
SORT NEWS
China recently started the construction project of Binh Luc canal (China) with a total length of 135km and an investment of about 10 billion USD. This project is expected to promote trade with Southeast Asian countries.
Cai Mep – Thi Vai port is in a situation where investors compete for passenger ships. Each group of sand people has a separate wharf on the port. Experts say that when building a seaport, Ho Chi Minh City should pay attention to this. If talking about logistics, Ho Chi Minh City has advantages in ASEAN in terms of international trade and transportation. The city needs to invest in logistics in time to maintain and promote its strengths as the trade gateway of the whole southern region, making a greater contribution to the city’s economy and the southern key economic region.
Source: vietnamnet.vn
