AGRICULTURAL MARKET INSIGHTS & TRENDS FROM AGRITEL
June 14, 2019
Every two weeks, Euralis Seeds will publish a newsletter, in partnership with Agritel, on trends and the agricultural market.
Lets’ see, how market situation has evolved since last two weeks.
Prices are still torn between contrasting fundamentals. On the one hand, the European rapeseed balance sheets will be very tight, with a production level under 18 million tonnes requiring imports that may exceed 5 million tonnes. On the other, the global soybean balance sheets remain sluggish, despite a potential fall in US plantings. Crude oil prices are still on a downward trend, unless OPEC’s meeting now scheduled for early July decides to cut output. With regard to demand (all oilseeds), there are renewed concerns about a slowdown in global growth.
The weather market is in full swing at this time of year, and traders are still focusing on the maize situation in the USA. The start of a water deficit in Russia must, of course, be monitored. Generally, maize has taken the lead over small grain cereals, including feed barley, mainly listed below wheat prices, which may rekindle buyer interest (particularly among feed manufacturers).
As the end of the cereal sowing period approaches, Australia is still subject to water deficit, which is becoming structural.
For further information, please, find below the full issue. The next edition of the AGRITEL newsletter will be on June, 28th, 2019.
English version : AGRITEL Newsletter 178 EN
French version : AGRITEL Newsletter 178 FR
Russian version : AGRITEL Newsletter 178 RU
Ukrainian version : AGRITEL Newsletter 178 UA
Others versions (romanian, hungarian, spanish, ukrainian, german, polish, slovak, bulgarian) are available, if you want to subscribe to this newsletter each two weeks, please send a mail in a contact form.
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