WEEKLY MAIZE REPORT 13 DECEMBER 2017
|
|
- Eustace Mathews
- 6 years ago
- Views:
Transcription
1 90/91 91/92 92/93 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 WEEKLY MAIZE REPORT 13 DECEMBER 2017 Unigrain (Pty) Ltd Tel. No. : Fax. No. : INTERNATIONAL MARKET Table 1: CME Maize prices and weekly changes (cents/bushel) Currently 06/12/2017 Weekly change Monthly change (c/bu) (c/bu) CME Mar ¾ -3 ¾ -6 CME Jul ¼ 369 ¼ -4-6 From the table above we see that US maize prices did come under some pressure in the past week with CME March and July maize prices coming under some pressure. On a monthly basis US maize prices are also trading lower with March and July maize contracts ending 1.7% and 1.6% lower in the past month respectively. On the technical chart for March CME maize we see that the market did come under some pressure in the past week with March maize prices trading to new contract lows of $3.53/bushel in the daytime session yesterday. On the technical chart the moving averages and indicators remain under some pressure but the market is oversold and there could be some divergence between the RSI and prices. US maize prices did come under some pressure in the past week with the spillover weakness from the lower US soybean prices and the improved weather and growing conditions in South America and more specifically Argentina adding some support. The USDA report provided some short term support but profit taking by market long was seen on the higher prices. The USDA released their December supply and demand estimates in their report yesterday. Looking at the USDA numbers we see that: The USDA estimated the 2017/18 US maize ending stocks at billion bushels which was slightly lower than the market expectation seen at billion bushels and lower than the November USD estimate seen at billion bushels. Changes to the US supply and demand estimates included a 50 million bushel increase in the maize used in the production of ethanol. Figure 1 below presents the US maize production and ending stocks seen in the past few seasons. From the graph below we see that despite the slightly lower ending stocks us maize stocks in the 2017/18 season is still seen at record highs Figure 1: US maize production and ending stocks (mil bu) Production Ending stocks (mil bu) (RHS) As mentioned the USDA did raise their estimate for maize used in the production of ethanol. The maize used for ethanol production in the 2017/18 season was estimated at billion bushels which is also a new record high for maize used in ethanol production. Figure 2 below presents the maize used in the production of ethanol in the US as well as maize used for ethanol as % of total consumption. From the graph below we see that maize used for ethanol is expected to reach new record highs in 2017/18 and ethanol production represents 38.1% of total consumption.
2 90/91 91/92 92/93 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/ Figure 2: Ethanol usage of maize and % of total consumption (mil bu) Ethanol usage % of total consumption (RHS) In terms of the rest of the world the USDA estimated the 2017/18 world maize crop at million tons which was slightly higher than the November estimate seen at million tons. The USDA raised the maize crop estimates for the E and China while the maize crop estimate for the FSU regions was lowered slightly. The 2017/18 world maize ending stocks was estimated at million tons which is up from the November estimate seen at million tons. Figure 3 below presents the world maize production and ending stocks estimates seen in the past few seasons Figure 3: World maize production and ending stocks (000 tons) Production Ending stocks (mil tons) (RHS) The South American maize crop estimates was left unchanged with the Argentine maize crop seen at 42 million tons while the Brazilian maize crop was left unchanged at 95 million tons. Figure 4 below presents the South American (Argentina and Brazil) maize production seen in the past few seasons. From the graph below we see that the 2017/18 South American maize crop is seen near record high levels despite the earlier weather concerns in Argentina. 2
3 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/ Figure 4: Argentine and Brazilian maize production Argentina Brazil The weather map below presents the cumulative rainfall forecast for South America in the week ahead. From the weather map below we see that some light rainfall is forecasted in some of the key growing areas of Argentina in the week ahead. The weather forecast for the 2 nd week of the forecast (12-20 December) expects some widespread showers for most of the key producing areas of Argentina and Brazil which if realized should be beneficial for crop production. Figure 5 below presents the cumulative rainfall forecast for the week ahead. Figure 5: Cumulative rainfall forecast for week ahead LOCAL MAIZE MARKET Figure 6 presents the weekly % change in our local maize market as well as the weekly change in CME maize prices and the rand. From the graph below we see that the US maize prices did come under some pressure in the past week with March and July CME maize prices ending 1.06% and 1.08% lower in the past week respectively. South African maize prices ended mostly flat in the past week with March white and yellow maize ending 0.16% and 0.20% lower in the past week while new crop July white maize ended flat. South African maize prices ended mostly flat despite the weaker rand that was seen. The rand is currently trading around R13.65/$ compared to the R13.50/$ seen a week ago. 3
4 Figure 6: Safex WM and YM CME and rand/$ (% change) Mar CME Jul CME Rand/$ Safex Mar WM Safex Mar YM Safex Jul WM In the past week we did see that: The weather map below presents the cumulative rainfall for the week ending the 11 th of December. From the weather map below we see that some more widespread rainfall was seen for most of the eastern growing areas in the past week. Most of Mpumalanga, Gauteng and the eastern parts of the Free State did see some good rainfall amounts. At this stage the central and western parts of the North West province and the southern Free State could do with some rainfall. Figure 7: Rainfall seen in the past 7-days The weekly South African maize exports for the week ending the 8 th of December indicated that tons of maize was exported in the past week. The maize that was exported included tons of white maize and tons of yellow maize. This brings the cumulative maize exports for the season to date at million tons including tons of white maize and million tons of yellow maize. Figure 8 below presents the weekly South African white and yellow maize exports in the marketing season to date. From the graph below we see that there has been a solid increase in South African yellow maize exports in the past 2-3 weeks. 4
5 29-05 May May May May Jun Jun Jun Jun Jun Jul Jul Jul Jul Aug Aug Aug Aug Sep Sep Sep Sep Sep Oct Oct Oct Oct Nov Nov Nov Nov Dec Dec Figure 8: Weekly South African white and yellow maize exports White maize Yellow miaze Taking a final look at the producer deliveries we look at the pace of maize producer deliveries in the current season compared to the past few seasons. Figure 9 below presents the cumulative producer deliveries of white maize by the end of November in the past few seasons as well as the % of total deliveries seen by the end of November. In the 2017 to total deliveries is estimates as the CEC crop estimate minus tons of farm retentions. From the data in the graph below we see that on average in the past 5 years the deliveries at the end of November represented 96.3% of total deliveries and the average for the past 10-years is seen at 97.4%. In 2017 the deliveries by the end of November represents 97.5% of our estimate of total deliveries which is very much in line with the averages. The CEC will release their finalization of the 2017 crop in mid-february Figure 9: White maize deliveries end Nov and % of total Deliveries end of nov % of Total (RHS) Figure 10 below presents the cumulative producer deliveries of yellow maize by the end of November as well as the % of total deliveries seen by the end of November. From the data in the graph below we see that on average in the past 5-years around 96.9% has been delivered by the end of November while the 10-year average is seen at 97.4%. In the 2017 season the deliveries seen at the end of November represents 98.1% of our estimate of total deliveries which is slightly ahead of the pace. 5
6 Figure 10: Yellow maize deliveries end Nov and % of total Maize deliveries end Nov % of total (RHS) The weather forecast for the week ahead expects slightly drier conditions in the eastern growing areas of the country which will be welcomed in most areas after the widespread rainfall that was seen in the past week. Some rainfall is forecasted for the central parts of the country as well as the central and western parts of the North West province which is in need of some rainfall. The next rainfall even is expected from Monday-Wednesday next week. Figure 11 presents the cumulative rainfall forecast for the week ahead. Figure 11: Cumulative rainfall forecast week ahead FOCUS FOR THE WEEK US maize prices did come under some pressure in the past week with some technical selling that was seen while the improved weather forecast for Argentina also added some pressure to US maize and soybean prices. On the technical chart for March CME maize we see that the market we see that the market set new contract lows in the session yesterday $3.53/bushel and the moving averages and indicators remain under pressure which could limit some of the buying interest in the market. South African maize prices ended mostly flat for both the old and new crop contracts in the past week with the lower US maize prices being countered by the slightly weaker rand seen in the past week. The rand is currently trading around R13.65/$. Some good widespread rainfall was seen in the eastern parts of the county but some of the western growing areas are in need of some rainfall and not much rainfall is forecasted at this stage. There could be some rainfall in the 1 st half of next week. On the technical chart for March Safex white maize we see that our market did get some resistance in the R1965 area and prices pulled lower after that. The market has broken below the 9-day average and came under some more pressure. The shorter moving averages are under pressure but the indicators have flattened out. 6
7 Also see the technical graphs below Safex March-17 white maize prices CME March-17 corn prices 7
8 Daily MAWH8 Cndl, MAWH8, Trade Price 2017/12/13, , , , , +8.00, (+0.42%) SMA, MAWH8, Trade Price(Last), /12/13, SMA, MAWH8, Trade Price(Last), /12/13, SMA, MAWH8, Trade Price(Last), /12/13, SMA, MAWH8, Trade Price(Last), /12/13, /02/ /01/01 (JHB) Price ZAR T Auto MACD, MAWH8, Trade Price(Last), 12, 26, 9, Exponential 2017/12/13, , Value ZAR T Auto RSI, MAWH8, Trade Price(Last), 14, Wilder Smoothing 2017/12/13, Value ZAR T March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December Auto 8
9 Daily CH8 Cndl, CH8, Trade Price, 2017/12/13, 348, / 4, / 4, / 4, +1, (+0.29%), SMA, CH8, Trade Price(Last), 40, 2017/12/13, / 8+, SMA, CH8, Trade Price(Last), 9, 2017/12/13, 352+, SMA, CH8, Trade Price(Last), 100, 2017/12/13, / /03/ /12/28 (CHG) Price USc Bsh / MACD, CH8, Trade Price(Last), 12, 26, 9, Exponential, 2017/12/13, -2 3 / 8+, -2 1 / 8+ RSI, CH8, Trade Price(Last), 14, Exponential, 2017/12/13, March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December / / 4 1/8-2 Value 1-2 USc / 8+ 3 / 8+ Bsh 1/8 Value USc Bsh Auto 9
WEEKLY MAIZE REPORT 13 JUNE 2018
17/08/01 17/08/15 17/08/29 17/09/12 17/09/26 17/10/10 17/10/24 17/11/07 17/11/21 17/12/05 17/12/19 18/01/02 18/01/16 18/01/30 18/02/13 18/02/27 18/03/13 18/03/27 18/04/10 18/04/24 18/05/08 18/05/22 18/06/05
More informationWEEKLY MAIZE REPORT 06 FEBRUARY 2019
WEEKLY MAIZE REPORT 06 FEBRUARY 2019 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Maize prices and weekly changes (cents/bushel) Currently
More informationWEEKLY MAIZE REPORT 28 NOVEMBER 2018
WEEKLY MAIZE REPORT 28 NOVEMBER 2018 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Maize prices and weekly changes (cents/bushel) Currently
More informationWEEKLY MAIZE REPORT 11 JULY 2018
28 29 21 211 212 213 214 215 216 217 218 WEEKLY MAIZE REPORT 11 JULY 218 Unigrain (Pty) Ltd Tel. No. : +27 11 692 44 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Maize prices and weekly
More informationWEEKLY MAIZE REPORT 30 OCTOBER 2018
WEEKLY MAIZE REPORT 30 OCTOBER 2018 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Maize prices and weekly changes (cents/bushel) Currently 23/10/2018
More informationWEEKLY OILSEED REPORT 22 NOVEMBER 2018
WEEKLY OILSEED REPORT 22 NOVEMBER 2018 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Soybean prices and weekly change (cents/bushel) Currently
More informationWEEKLY OILSEED REPORT 27 JUNE 2018
WEEKLY OILSEED REPORT 27 JUNE 218 Unigrain (Pty) Ltd Tel. No. : +27 11 692 44 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Soybean prices and weekly change (cents/bushel) Currently 2/6/218
More informationWEEKLY OILSEED REPORT 31 OCTOBER 2018
WEEKLY OILSEED REPORT 31 OCTOBER 218 Unigrain (Pty) Ltd Tel. No. : +27 11 692 44 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Soybean prices and weekly change (cents/bushel) Currently 24/1/218
More informationCoffee market ends 2017/18 in surplus
Coffee market ends 217/18 in surplus World coffee production in coffee year 217/18 is estimated 5.7% higher at 164.81 million bags as output of Arabica increased by 2.2% to 11.82, and Robusta grew 11.7%
More informationWeekly Market Report 28 February 2018
Weekly Market Report 28 February 2018 CROP ESTIMATE COMMITTEE REPORT 2018/02/27: The Crop Estimate Committee (CEC) reported the South African maize crop at 12.22 million tons which was well above the market
More informationSeasonal trends in hectares planted, sales volumes on markets and market prices. Pieter van Zyl, Potatoes South Africa
Seasonal trends in hectares planted, sales volumes on markets and market prices Pieter van Zyl, Potatoes South Africa Producers plant between 5 and 54 hectares of potatoes each year. According to Figure
More informationCoffee market continues downward trend
Coffee market continues downward trend Since August 2017, the ICO composite indicator price has declined in each month except January 2018. The composite indicator decreased by 1.1% in March 2018 to an
More informationCoffee market ends 2014 at ten month low
Coffee market ends 2014 at ten month low Coffee prices continued to slide downwards in December 2014, with the monthly average of the ICO composite indicator at its lowest level since February. Recent
More informationCoffee market ends 2016/17 coffee year in deficit for the third consecutive year
Coffee market ends 2016/17 coffee year in deficit for the third consecutive year The ICO composite indicator continued its downward trend that started at the end of August, averaging 124.46 US cents/lb.
More informationmuch better than in As may be seen in Table 1, the futures market prices for the next 12 months
Dairy Outlook December 2009 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology prices are higher than last month, especially Class IV. The outlook for dairy prices
More information2018/19 expected to be the second year of surplus
2018/19 expected to be the second year of surplus Coffee year 2018/19 is expected to be the second consecutive season of surplus, as global output, estimated at 167.47 million bags, exceeds world consumption,
More informationCoffee Season 2013/14 Finishes in Balance but Deficit Expected Next Year
Coffee Season 2013/14 Finishes in Balance but Deficit Expected Next Year Coffee prices were volatile again over the course of September, mostly reacting to weather news from Brazil. Daily prices fell initially
More informationRecord exports from Brazil weigh heavy on the coffee market
Record exports from Brazil weigh heavy on the coffee market Coffee exports from Brazil reached a record high of 36.8 million bags in crop year 2014/15 (April to March), fuelled by domestic stocks and encouraged
More informationCoffee market remains volatile but lacks direction
Coffee market remains volatile but lacks direction Prices fluctuated significantly during August, with the ICO composite indicator dropping by 10 cents before jumping back up another 12 cents by the end
More informationDownward correction as funds respond to increasingly positive supply outlook
Downward correction as funds respond to increasingly positive supply outlook Coffee prices fell sharply at the end of April as institutional investors sold off their positions. The coffee market continues
More informationCoffee prices maintain downward trend as 2015/16 production estimates show slight recovery
Coffee prices maintain downward trend as 2015/16 production estimates show slight recovery The coffee market fell again in December 2015, reaching its second lowest monthly average of the year. This decrease
More informationCoffee prices rose slightly in January 2019
Coffee prices rose slightly in January 2019 In January 2019, the ICO composite indicator rose by 0.9% to 101.56 US cents/lb as prices for all group indicators increased. After starting at a low of 99.16
More informationWorld coffee consumption increases but prices still low
World coffee consumption increases but prices still low The coffee market stabilised slightly in February, but prices remain at very low levels. A lack of news regarding fundamentals with expectations
More informationCommitment of. Traders. Managed Money. Fund Positions
October 19, 2018 Market Summary Corn started the week off strong, closing Monday up 4 cents at $3.77 1/4, which marked the highest close since August 20th. Nov soybeans also managed their highest daily
More informationMONTHLY COFFEE MARKET REPORT
1 E MONTHLY COFFEE MARKET REPORT March 2014 Ongoing uncertainty over the Brazilian coffee crop has caused significant fluctuations in coffee prices during March, with monthly volatility of the International
More informationVolatility returns to the coffee market as prices stay low
Volatility returns to the coffee market as prices stay low Daily coffee prices hit their lowest level in 19 months during August, as commodity markets worldwide were negatively affected by currency movements
More informationQUARTERLY REVIEW OF THE PERFORMANCE OF THE DAIRY INDUSTRY 1
QUARTERLY REVIEW OF THE PERFORMANCE OF THE DAIRY INDUSTRY 1 The information in this document is from sources deemed to be correct. Milk SA, the MPO and SAMPRO are not responsible for the results of any
More informationRecord Exports for Coffee Year 2016/17
Record Exports for Coffee Year 2016/17 Total exports in September 2017 reached 8.34 million bags, compared to 9.8 million in September 2016. While coffee year 2016/17 registered a decrease in its final
More informationMONTHLY COFFEE MARKET REPORT
E MONTHLY COFFEE MARKET REPORT February 2014 February 2014 has seen significant developments in the coffee market, with prices shooting upwards at a startling rate. The ICO composite daily price has increased
More informationJuly marks another month of continuous low prices
July marks another month of continuous low prices In July 2018, the ICO composite indicator price decreased by 2.9% to an average of 107.20 US cents/lb, which is the lowest monthly average for July since
More informationCoffee market settles lower amidst strong global exports
Coffee market settles lower amidst strong global exports The ICO composite indicator price declined by 1.2% in February 2018 to an average of 114.19 US cents/lb. Indicator prices for all three Arabica
More informationMONTHLY COFFEE MARKET REPORT
E MONTHLY COFFEE MARKET REPORT May 2014 After five consecutive months of rising prices, the coffee market reversed lower in May. From a high of 179 cents/lb in April, the daily price of the ICO composite
More informationCoffee market ends 2015/16 in deficit for the second consecutive year
Coffee market ends 2015/16 in deficit for the second consecutive year The coffee market settled up by 5.5% in September, mostly driven by a steady increase in Robusta prices supported by concerns over
More informationMGEX Spring Wheat 2013
MGEX Spring Wheat 213 The Minneapolis Grain Exchange, Inc. (MGEX) has been the principal market for hard red spring (HRS) wheat since 1881, offering futures and options contracts based on this unique commodity.
More informationDairy Market. Overview. Commercial Use of Dairy Products. U.S. Dairy Trade
Dairy Market Dairy Management Inc. R E P O R T Volume 19 No. 11 November 2016 DMI NMPF Overview Four straight months of rising milk prices and three straight months of falling feed costs have brought some
More informationGrowing divergence between Arabica and Robusta exports
Growing divergence between Arabica and Robusta exports In April 218, the ICO composite indicator decreased by.4% to an average of 112.56, with the daily price ranging between 11.49 and 114.73. Prices for
More informationDairy Outlook. December By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology
Dairy Outlook December 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology The Class III market has taken a beating lately as cheese prices have drifted down and
More information2007 Sonoma Research Associates - All rights reserved.
2007 Sonoma Research Associates - All rights reserved. Practical Applications of the Price Elasticity of Demand Presented by Dan Karnowsky, President Sonoma Research Associates Presented at Competitive
More informationPrices for all coffee groups increased in May
Prices for all coffee groups increased in May In May 2018, the ICO composite indicator increased by 0.7% to an average of 113.34 US cents/lb, following three months of declines. Prices for all coffee groups
More informationCoffee market recovers slightly from December slump
Coffee market recovers slightly from December slump After reaching its lowest level in 22 months in December 2017, the monthly average of the ICO composite indicator price increased by 1.4% to 115.60 US
More informationDairy Market. May 2017
Dairy Market Dairy Management Inc. R E P O R T Volume 20 No. 4 May 2017 DMI NMPF Overview The rate of milk production growth began to moderate during the first quarter, but additional milk production continues
More informationFresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade
Million MT United States Department of Agriculture Foreign Agricultural Service December 21 Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade 21/11 Forecast: World Apple Trade Declines;
More informationDairy Market. November 2017
Dairy Market Dairy Management Inc. R E P O R T Volume 20 No. 10 November 2017 DMI NMPF Overview U.S. Cheddar cheese prices hit a 10-month high in October, while butter prices softened but remained well
More informationSoybean Oil and Palm Oil Account For An Increasing Share of World Vegetable Oil Consumption
United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 01-03 January 2003 Soybean Oil and Palm Oil Account For An Increasing Share of World Vegetable Oil Consumption Percent
More informationRecord exports in coffee year 2017/18
Record exports in coffee year 2017/18 Total coffee exports increased each year since 2010/11 with a new record reached in 2017/18 at 121.86 million bags, 2% higher than 2016/17. In the twelve months ending
More informationCorn and Soybean CORN OUTLOOK SOYBEAN OUTLOOK STATISTICS AND ANALYSIS
Corn and Soybean CORN OUTLOOK SOYBEAN OUTLOOK STATISTICS AND ANALYSIS CLAL (and its officers, employees and auxiliary persons) shall not be liable to clients, web users or anyone else for any loss or injury
More informationBrazil. Coffee Annual. Coffee
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 5/7/2015
More informationIndia. Oilseeds and Products Update. August 2012
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Oilseeds and Products
More informationJanuary 15th, By Jack Scoville
January 15th, 2017 By Jack Scoville Wheat: US markets closed lower on Friday and lower for the week in response to the USDA planted area estimates. USDA showed higher than expected planted area for all
More informationWheat Summary. MF Global Daily Report
US research@mfglobal.com April 7, 2011 Wheat Summary MF Global Daily Report MF Global Inc. 440 S. LaSalle 20th Floor Chicago, IL 60605 Review Markets that are being supported by weather concerns always
More informationDairy Market R E P O R T
Volume 18 No. 12 Dairy Market R E P O R T D e c e m b e r 2 0 1 5 DMI NMPF Overview The U.S. average all-milk price, which spent seven months of 2015 hovering around $16.70 per hundredweight, has moved
More informationDEVELOPMENTS IN STEEL SCRAP IN 2009
DEVELOPMENTS IN STEEL SCRAP IN 2009 AMERICAN SCRAP COALITION WASHINGTON, DC DEVELOPMENTS IN STEEL SCRAP 2009 The year 2009 demonstrated that the United States continues to experience a crisis with respect
More informationMONTHLY COFFEE MARKET REPORT
E MONTHLY COFFEE MARKET REPORT June 2013 Coffee prices fell sharply in June 2013, as market fundamentals, combined with an uncertain macroeconomic outlook, drove the ICO composite indicator price to its
More informationProblem Set #3 Key. Forecasting
Problem Set #3 Key Sonoma State University Business 581E Dr. Cuellar The data set bus581e_ps3.dta is a Stata data set containing annual sales (cases) and revenue from December 18, 2004 to April 2 2011.
More informationFebruary 11th, By Jack Scoville
February 11th, 2019 By Jack Scoville Wheat: Winter Wheat markets were lower for the week last week. Chicago SRW prices held firm on Friday in response to news that Egypt had bought 120,000 tons of SRW.
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 11/13/2009
More informationMonthly Economic Letter U.S. and Global Market Fundamentals
Monthly Economic Letter U.S. and Global Market Fundamentals August 2012 www.cottoninc.com After trading within relatively narrow bands throughout July, New York futures moved higher in early August, with
More informationFor personal use only
SEPTEMBER 216 GLOBAL DAIRY UPDATE European milk production has decreased for the first time since early 215, with volumes in June down 2 compared to last year. Last week we announced our annual results,
More informationDairy Market. Overview. Commercial Use of Dairy Products. U.S. Dairy Trade
Dairy Market Dairy Management Inc. R E P O R T Volume 21 No. 7 July 2018 DMI NMPF Overview Fallout from the developing tariff conflict between the United States and some of its major trading partners has
More informationDairy Market. Overview. Commercial Use of Dairy Products
Dairy Market Dairy Management Inc. R E P O R T Volume 21 No. 6 June 2018 DMI NMPF Overview U.S. dairy markets received a one-two punch during the first weeks of June in the form of collateral damage from
More informationBasis could avoid last fall s disaster Smaller corn crop should free up space for soybeans By Bryce Knorr
Basis could avoid last fall s disaster Smaller corn crop should free up space for soybeans By Bryce Knorr While the futures market has offered only occasional hope this summer, the picture in the cash
More informationSugar scenario in CIS countries:
Sugar scenario in CIS countries: on the way to self-sufficiency Andrey Bodin Eurasian Sugar Association Commonwealth of Independent States (CIS) consists of 11 countries CIS Moldova Belarus Population
More informationWorld Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing February 10, 2015
World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing World Wheat Production Country or Region Million Tons Percent Percent World 716.1 725.0 0.2 1.2 United
More informationCitrus: World Markets and Trade
United States Department of Agriculture Foreign Agricultural Service Citrus: World Markets and Trade Oranges Global orange production for 2012/13 is forecast to drop over 4 percent from the previous year
More informationSouth American Soybean Stocks (Argentina and Brazil) Expected to Increase in 2001/02 to Record Level Despite Record Exports
United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 02-02 February 2002 South American Soybean Stocks (Argentina and Brazil) Expected to Increase in 2001/02 to Record
More informationDairy Market R E P O R T
Volume 18 No. 8 Dairy Market R E P O R T August 2015 DMI NMPF Overview Milk prices in many major milk-producing countries have plummeted to levels that are producing severe financial stress for their farmers.
More informationMARKET NEWSLETTER No 93 April 2015
Focus on OLIVE OIL IMPORT TRENDS IN RUSSIA Russian imports of olive oil and olive pomace oil grew at a constant rate between 2/1 and 213/14 when they rose from 3 62 t to 34 814 t (Chart 1). The only exceptions
More informationDecember 17th, By Jack Scoville
December 17th, 2017 By Jack Scoville Wheat: US markets closed slightly lower again in Chicago last week as demand from the export market remains a big problem. Futures also closed lower in Minneapolis,
More informationGLOBAL DAIRY UPDATE KEY DATES MARCH 2017
MARCH 2017 GLOBAL DAIRY UPDATE European milk production decreased for the seventh consecutive month, while the US remains strong. The rate of decline in New Zealand production is easing. US exports continue
More informationCommitment of. Traders. Managed Money. Fund Positions
October 5, 2018 Market Summary The USDA will issue its October Supply and Demand report this next Thursday and will incorporate updated ending stocks data from last weeks report. Additionally, they will
More informationBrazil. Citrus Semi-annual. Fresh Oranges and Orange Juice
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 5/7/2014
More informationThe supply and demand for oilseeds in South Africa
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationNetworkers Business Update. December 2014
Networkers Business Update December 2014 Agenda Forecast Milk Price Global markets V3 Strategy Growing our share of New Zealand milk Page 2 Forecast Milk Price 110 100 2012/13 2013/14 2014/15 Forecast
More informationGlobal Considerations
What Does Being a Global Player Mean to the U.S. Dairy Sector? Global Considerations 2 1 A Decade of Change $8, 4,5 $7, 4, (Million $) $6, $5, $4, $3, $2, $1, 3,5 3, 2,5 2, 1,5 1, 5 (Million Lbs.) $ 23
More informationSugar Industry Update
January 19, 217 I Industry Research Sugar Industry Update Contact: Madan Sabnavis Chief Economist mailto:madan.sabnavis@careratings.com 91-22-6743489 Bhagyashree Bhati Research Analyst bhagyashree.bhati@careratings.com
More informationApril 16th, By Jack Scoville
April 16th, 2018 By Jack Scoville Wheat: Wheat markets were near unchanged in Chicago as weather and demand remained the dominant factors in the market. Kansas City was lower for the week, while Minneapolis
More informationSteel Market Report. AISI & WSA Data Charts. By Becky E. Hites
Steel Market Report AISI & WSA Data Charts By Becky E. Hites April 4, 2015 Information included in this report is believed to be true and the author has exercised due diligence in obtaining the data from
More informationSunflower & Soybean Forum
Sunflower & Soybean Forum 28 November 2016 Nico Hawkins General Manager Sunflower Sunflower: Supply & Demand National vs. International Marketing season SAGIS NAMC (S&D) International (USDA) Mar - Feb
More informationDairy Market. Overview. Commercial Use of Dairy Products
Dairy Market Dairy Management Inc. R E P O R T Volume 19 No. 2 February 2016 DMI NMPF Overview U.S. milk production continues to grow at an annual rate of less than 1 percent, and domestic commercial use
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 5/9/2011
More informationMilk and Milk Products: Price and Trade Update
Milk and Milk Products: Price and Trade Update June 217 * International dairy prices The FAO Dairy Price Index averaged 29 points in June, up 16 points (8.3 percent) from January 217 and 71 points (51.5
More informationWorld Dairy Situation. IDF SC DPE, Paris April 11, 2013
World Dairy Situation IDF SC DPE, Paris April 11, Current dairy situation Dairy production progressed in 2012 in supplying regions but is now stabilizing, even declining in some countries Export demand
More informationFruit and Tree Nuts. Situation and Outlook Report. Mil. short tons /91 92/93 94/95 96/97 98/ /01
United States Department of Agriculture ERS Economic Research Service FTS-291 March 2001 Fruit and Tree Nuts Situation and Outlook Report Citrus fruit production Mil. short tons $mil. 25 20 15 Other Lemons
More informationMONTHLY COFFEE MARKET REPORT
E MONTHLY COFFEE MARKET REPORT July 2012 Coffee prices rebounded in July 2012, with the ICO composite indicator increasing by 9.5% compared to June, following nine consecutive months of price falls. The
More informationCocoa Prepared by Foresight December 5, 2017
Cocoa Prepared by Foresight December 5, 2017 TABLES Cocoa Bean Price Forecast... P. 4 World Cocoa Supply/Demand, Crop Year... P. 7 World Cocoa Production... P. 8 Cocoa Crops in Major Producing Countries...
More informationMarch 25th, By Jack Scoville
March 25th, 2019 By Jack Scoville Wheat: Winter Wheat markets were higher and Minneapolis Spring Wheat prices closed slightly higher for the week. Chicago SRW prices are now above important resistance
More informationFebruary 12 th, By Jack Scoville
February 12 th, 2017 By Jack Scoville Wheat: US markets were higher last week. Prices surged after the monthly USDS supply and demand updates were released. USDA increased US export demand by 50 million
More informationChina s Export of Key Products of Pharmaceutical Raw Materials
China s Export of Key Products of Pharmaceutical Raw Materials During the period of the 62nd API China& INTERPHEX CHINA, China Pharmaceutical Industry Association released its annual Report on Analysis
More informationFresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade
United States Department of Agriculture Foreign Agricultural Service Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade 9 1, MT Deciduous Fruit on Seasonal Cycles 6 Northern Hemisphere
More informationIN THIS ISSUE FEBRUARY Financial Calendar: Late September 2014 Annual Results Announced. 26 March 2014 Interim Results Announced
FEBRUARY 2014 Welcome to our latest Global Dairy Update. This update is part of Fonterra s commitment to informing our farmers and wider stakeholders about the global dairy market, trends in New Zealand
More informationBecoming a Smarter Trader: The Market Impact of the Structure in the Sugar, Coffee, and OJ Markets
Becoming a Smarter Trader: The Market Impact of the Structure in the Sugar, Coffee, and OJ Markets Judith Ganes March 12 th, 2014 Increasing Reliance on a Few Suppliers for Global Needs Efficiency gains
More informationLETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT. November 2004
International Coffee Organization Organización Internacional del Café Organização Internacional do Café Organisation Internationale du Café E LETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT November
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 5/16/2016
More informationCultivation Pattern:
Introduction: Cumin seed commonly know as Jeera (Cuminum cyminum) belongs to Apiacae family. Though Cumin is a native of Egypt, it now mostly produced in India. India is the largest producer and consumer
More informationFebruary 25th, By Jack Scoville
February 25th, 2019 By Jack Scoville Wheat: Winter Wheat markets were mostly a little higher on Friday, but lower for the week. World Wheat prices were softer as well. USDA released its export sales report
More informationSoft Commodity Markets - Upcoming Milestones, and How the Market Could Be Affected
Soft Commodity Markets - Upcoming Milestones, and How the Market Could Be Affected September 15, 2014 Judith Ganes President J. Ganes Consulting, LLC Weather & Politics Current Weather Expectations El
More informationLETTER FROM THE EXECUTIVE DIRECTOR
E LETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT December 2008 Price levels in December confirmed the downward trend recorded in the coffee market since September 2008. The monthly average of
More informationSEP'17: 171 MAR'18: 182 SEP'18: 183 Daily Volume. Euronext milling wheat futures 20/05 30/05 09/06 19/06 29/06 09/07 19/07
Trade Weekly volume - thousand tonnes Total MY - million tonnes Weekly volume - thousand tonnes Total MY - million tonnes Weekly volume - thousand tonnes Total MY - million tonnes Million tonnes Production
More information