The prices of agricultural products collapsed in the international market this Tuesday (12). The USDA (US Department of Agriculture) released its monthly supply and demand report, and it came in worse than the market had expected, which helped to intensify the declines.
In Chicago, the first soybean contract fell 3.5%; corn, 6.2%; and wheat, 5%. In New York, coffee retreated 3.3%; cotton, 4.2%; and sugar, 1%.
But Daniele Siqueira, an analyst at AgRural, attributes this drop basically to the financial market. Indications of areas and production were already given in the figures from the end of last month from Usda. As a result, investment funds were already exiting their positions.
To ratify the involvement of funds in this fall, Daniele mentions corn, which, even without major changes in Usda’s numbers, retreated 6.8% in the December contract.
One of the points of demand, among the factors that could influence demand, would be the drop in Chinese imports. Soybean purchases from the Asian country in the 2021/22 harvest (October to September) should fall to 90 million tons. Those for the 2022/23 period fall to 98 million.
Tuesday’s figures from Usda indicate ending stocks of 6.3 million tonnes of the oilseed in the United States at the end of the 2022/23 crop, a volume 18% lower than previously reported, but above what the market had expected.
Daniele says that, in addition to the performance of the financial market, the climate market will also weigh heavily in the coming weeks in this sector. It will define the productivity of crops.
Digital What is ahead in terms of technology for the field that can result in cost reduction, increased productivity and management optimization?
Digital 2 This is what FrÃsia, a cooperative in Campos Gerais, a region 120 km from Curitiba, intends to discuss with members and other producers in the country.
Digital 3 On the verge of completing one hundred years, and holding the 5th meeting of this type with the sector, the cooperative this time brought these discussions and presentations of advances in technologies to Curitiba, in order to further integrate the countryside with the city.
Cane Crushing in the center-south totals 188 million tons in this harvest, which began in April. The volume is 12% below the same period last year.
Productivity The data are from Unica (Union of the Sugarcane and Bioenergy Industry), which also reported a drop in average productivity per hectare of 77.5 tons of cane per hectare, 1.2% below that obtained in the crops of the year past.
Ethanol In this harvest, the sale of hydrous ethanol by the plants dropped to 4.3 billion liters, a volume 8% lower than in the same period of the 2021/22 harvest. Already sales of anhydrous rose 9.7%, to 2.7 billion liters.
Meat Exports for the first six working days of July indicate an increase in prices on the international market, according to data from Secex (Secretariat of Foreign Trade).
meats 2 The average price for a ton of beef was US$ 6,650 at the beginning of July, 22% more than in July 2021. A ton of chicken meat is at 2,287, up 33% over 2021.
fertilizers Imports for the first six working days of this month amounted to 9,680 tonnes per day, on average, 6.3% more than last year. The price of the input is, this year, 104% more than in the same period of 2021.
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