Post by account_disabled on Dec 27, 2023 1:55:07 GMT -5
Summary of agricultural product conditions for the week of 1-5 June 2020. Corn: Price increases This week, the buying and selling price of animal feed corn at the animal feed factory silo. Increased from 534 baht per bag to 540 baht per bag due to decreased production of animal feed corn entering the market. Less merchant stock The trend of prices is increasing. On the Chicago futures market on June 3, 2020, animal feed corn For July delivery, the price is 324.0 cents/bushel. Weather conditions are forecast to be favorable for the growth of maize. in the Mitwest farmland until next week. The U.S.
Department of B2B Email List Agriculture (USDA) reported corn crop progress at 93%, up from last week's 88% and the five-year average of 89%. Corn is now 78% grown, close to the average of 73. % and the corn yield quality assessment report was in the Good to Excellent range at 74%, an increase from 70% last week. On the demand side, the US Energy Information Administration (EIA) announced total ethanol production at 765,000. barrels per day This is an increase from last week's figure of 724,000 barrels per day. After the relaxation of lockdown measures The trend of corn prices in the international market is likely to be stable. Trend: Domestic corn prices are expected to be stable. Soybean: Price stable Soybean meal obtained from imported soybean seeds.
The price is maintained at 13.95 baht per kilogram. The amount of demand in the market remains stable. Plus the factor of problems between the United States and China. causing the price to be unable to increase Meanwhile, the situation of COVID-19 infections in Brazil, which is a major producer. Although there is still no better trend But it did not affect the export of soybean meal much. On the Chicago futures market on June 3, 2020, soybean seeds For July delivery, the price is 857.50 cents/bushel and soybean meal. For delivery in July, the price is 286.3 USD/ton. Ordering soybeans from the United States of China this week, amounting to 180,000 tons, for delivery in October and November. However, China has begun to delay orders for US agricultural products. After a dispute over Hong Kong's administration, the USDA reported 75% soybean cultivation, up from 65% last week.
Department of B2B Email List Agriculture (USDA) reported corn crop progress at 93%, up from last week's 88% and the five-year average of 89%. Corn is now 78% grown, close to the average of 73. % and the corn yield quality assessment report was in the Good to Excellent range at 74%, an increase from 70% last week. On the demand side, the US Energy Information Administration (EIA) announced total ethanol production at 765,000. barrels per day This is an increase from last week's figure of 724,000 barrels per day. After the relaxation of lockdown measures The trend of corn prices in the international market is likely to be stable. Trend: Domestic corn prices are expected to be stable. Soybean: Price stable Soybean meal obtained from imported soybean seeds.
The price is maintained at 13.95 baht per kilogram. The amount of demand in the market remains stable. Plus the factor of problems between the United States and China. causing the price to be unable to increase Meanwhile, the situation of COVID-19 infections in Brazil, which is a major producer. Although there is still no better trend But it did not affect the export of soybean meal much. On the Chicago futures market on June 3, 2020, soybean seeds For July delivery, the price is 857.50 cents/bushel and soybean meal. For delivery in July, the price is 286.3 USD/ton. Ordering soybeans from the United States of China this week, amounting to 180,000 tons, for delivery in October and November. However, China has begun to delay orders for US agricultural products. After a dispute over Hong Kong's administration, the USDA reported 75% soybean cultivation, up from 65% last week.