HOTLINE: (+84) 2513 918 531

VINIMEX are pleased to update market news on Apr 26 , 2019 as below .

Admin - 26/04/2019

COMMODITY MARKET MOVEMENT ON CBOT – Apr 25 , 2019 .

COMMODITY

CODE

LAST

CHANGE

%Change

VOLUME

LOW

HIGH

WHEAT

ZWK19

434.75

+2.5

+0.58%

33,953

428.25

437.5

CORN

ZCK19

347.5

+0.75

+0.22%

202,983

342.25

351.0

SOYBEAN

ZSK19

859.25

+4.0

+0.47%

107,964

853.5

862.75

SBM

ZMK19

306.0

+5.75

+1.86%

53,192

299.8

306.2

 

Weather : Drought continues to have minimal effect across the U.S., now covering just 12.4% of the country – the lowest level since the U.S. Drought Monitor started tracking this data nearly 20 years ago. And the latest cumulative 72-hour precipitation map from NOAA shows large portions of the Corn Belt expecting another 1” or more rainfall through next Monday.

 

General : Bargain buyers gave corn and soybean futures a small lift Thursday after incurring heavy losses earlier this week, but a tepid round of export data from USDA this morning kept gains minimized. Wheat futures were mixed, with Chicago SRW and MGEX spring wheat prices moving slightly higher, as Kansas City HRW contracts moved fractionally lower today. Tunisia purchased 3.4 million bushels of soft milling wheat from optional origins in an international tender that closed earlier today. The grain is for shipment in late May or early June.

SOYBEAN

US exporters sold 596,301 MT of 18/19 soybeans during the week ending on April 18, near the high end of expectations. That was a 56.6% jump from the week prior and 60.6% larger than this week last year. Unknown purchased 230,700 MT, with 212,113 MT for China. Soy Meal sales totaled 397,978 MT, with soy oil at 19,630 MT. Chinese customs data showed 4.92 MMT of soybeans imported in March, with 1.51 MMT US origin (down 50% yr/yr). IGC upped their 19/20 world soybean production estimate by 2 MMT, which also led to a 5 MMT jump carryout to 56 MMT. BAGE data shows the Argentine soybean harvest at 50.7% complete, above the 39.6% average.

 

CORN

 

This morning’s USDA Export Sales report showed old crop corn sales in the week of April 18 on the middle of the range of estimates at 779,872 MT. That was down from the previous week but 23.51% larger than the same week in 2018. Japan was the top buyer of 349,400 MT, with 310,500 MT sold to Mexico. New crop sales totaled just 3,000 MT. The report did show 60,000 MT in sorghum sales to China, with 190,000 MT in unshipped sales on the books for 18/19. The International Grains Council estimates show 19/20 ending stocks at 275 MMT, up 9 MMT from their prior estimate on larger carryover and an increase to production.

 

 

WHEAT

 

May options expire on Friday. USDA reported 425,255 MT in all wheat old crop export bookings for the week of April 18. That is up 33.8% from the week prior and 43.09% larger than the same time last year. Mexico was the lead buyer of 160,800 MT. There are nearly 5.25 MMT in unshipped 18/19 sales (80% larger yr/yr) with just under a month and a half left in the MY. New crop sales totaled 226,189 MT. IKAR expects Russian wheat production in 2019 to total 80.1 MMT. A total of 600,000 MT of optional origin wheat is sought in a Saudi Arabia tender. World wheat production for 19/20 was increased by 3 MMT according to IGC projections, with carryover for new crop up 4 MMT to 274 MMT. Their Russian production projection is 79.5 MMT.


Tin liên quan

Copyright © 2018 Dai Viet. Web design : NiNa Co., Ltd
twitter.comyoutube.comhttps://www.facebook.com/ViNaDaiViet/
Online: 6 | Tổng truy cập: 1824285