Prices for soybeans and corn grow on the background of active export

2018-10-08 12:08:48
Machine translation
Prices for soybeans and corn grow on the background of active export

on Friday futures for soybeans and corn in Chicago has grown with the support of the good exports and a slowdown in harvest due to prolonged rainfall in the United States, which, moreover, can degrade the quality of the crop.

 

On the stock exchange CBOT soy prices rose 3.6 $/ton to 6-week high 320,1 $/t and corn price increased to 145 $/t

 

Export sales of soybeans for the week rose by 74.7 percent to 1.521 million tonnes, which is 60.2 per cent higher than the corresponding period last year. While export shipments for the week fell by 12% to 720,46 thousand tonnes export Forecast for soybean made by only 365 vs. 49% on average for 5 years, but in the near future the situation will be corrected by the growth rate of exports.

 

Weekly export sales of corn totaled 1.43 million tonnes (92% more than a year ago), and the weekly export shipments rose to 1.4 million tons, which is 57% higher than last year. In the current season the exports of corn from the United States amounted to 32% against 29% in average on the specified date.

 

In August, the exports of corn from the US compared to August 2017 rose of 66.75% to 5.8 million tonnes, the export of corn ethanol – by 24.6% to 119.5 million gallons, while exports of DDG (waste from the processing of corn for ethanol) – 51.8% to 1,156 million tons.

 

the Price of soybeans to support export sales of soybeans of the new crop in Brazil, where already contracted 27.3 percent of the soybean crop 2018/19 MG, whereas on the same date last year the figure was only 14.1 percent.

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