CORN
CBOT corn prices rose on Monday, buoyed by rising wheat prices that pushed short-selling and technical buying to a three-week high. Concerns about slowed grain shipments from Black Sea ports added support after Russian attacks over the weekend targeting grain infrastructure in Ukraine’s Odessa region.
Corn prices steadied on Tuesday after USDA crop data showed planting progress in line with expectations and wet weather expected to slow planting next week, but competition emerged. Exports from Brazil and falling crude oil prices have limited price increases.
Corn prices closed lower Wednesday after the halt in Ethanol production, however, prices rebounded Thursday as investors worried that forecasts of wet weather in the U.S. Midwest could slow the pace of planting. farmers’ crops, while export sales data was higher than expected. The USDA said weekly US corn export sales in 2023-2024 were 1.3 million tons.
WHEAT
During the trading session on April 22, CBOT wheat prices increased, nearing a two-week high, this was the third consecutive session of increase as political tensions and short selling supported prices. Although tensions in the Middle East have eased, the threat remains. At the same time, concerns about dry weather conditions in the wheat belt are also causing prices to rise.
CBOT wheat prices rose and hit their highest level in more than two months on Tuesday and Wednesday on dry conditions in the United States and Russia and as USDA crop data showed a decline in growing winter crops. development.
Wheat prices turned higher on Thursday on concerns about dry conditions in wheat-producing regions in Russia and the US Plains. Changing wheat demand in India remains a concern for wheat traders, as the country reports inventories hitting a 16-year low and the possibility of the country being able to import rice. noodles for the first time since 2017 is increasing. The U.S. Department of Agriculture reported 2023-2024 U.S. wheat export sales of 82,000 tons for the week ended April 18, within analysts’ expectations.
SOYBEAN
Soybean prices increased in the first session of the week, supported by technical and selling activities after falling to the lowest level since February 29. Data on Saturday showed China’s soybean imports from the United States halved in March from a year earlier, as buyers sought more competitive supplies from Brazil’s bumper harvest.
CBOT bean prices steadied on Tuesday following gains in wheat markets. The US Department of Agriculture (USDA) reported late on Monday that 8% of the US soybean crop had been planted as of Sunday, far exceeding expectations according to analysts polled by Reuters, who expected guess 7% of what is grown.
Bean prices turned lower on Wednesday and Thursday due to export competition from South America with weak export sales data. USDA reports weekly U.S. soybean export sales for the current marketing year at 210,900 tons.
Source: thitruonghanghoa.com
SHORT NEWS
India’s 5% brokens were quoted at $528-536/ton this week, down from $538-546 last week. The price hit a record high of $560 last month.
m.vinanet.vn
Many businesses in the city. Ho Chi Minh City is in tax debt, tax authorities have implemented tax enforcement on a series of businesses with overdue tax debt, causing import and export freezes.
hlshipping. com
