Record crop puts pressure on US markets

2016-08-08 15:32:54
Machine translation
Record crop  puts pressure on US markets

on Friday the U.S. markets have been technical adjustments, the prices have not changed.

 

soybeans and corn are supported by the active export sales, despite forecasts of increasing yields.

 

the Logistic complications of shipping soybeans from Argentina and a bad harvest in Brazil are in constant demand for us soybeans from China. For the eighth trading session export data from the USDA soybean support quotes.

 

the Price of soybeans rose 6 $ and has reached level 362 $/tonne for November contracts.

 

Information about the capacity of Brazil's corn imports and a possible weakening of government control over the content of GMOs in the American grain support prices in the corn market. According to the forecasts of USDA, in season 2016/17 MG Brazil may increase corn imports to 1.5 million won, which significantly exceeded the previous season.

 

the Agency Informa has published a new forecast of corn production in the United States, according to which will be collected 14,694 billion bushels or altitude of 373.3 million tonnes of maize and 3,958 billion bushels or 107.7 million ton of soybeans.

 

Status of corn during the week have not changed significantly. Now in good and excellent condition are 76% of crops, which is 6% higher than last year.