agriculturestocks
Soybean prices were lower due to profit taking and technical selling, compounded by a lack of follow-through buying after an initially strong start. Wet forecasts for key U.S. growing areas are delaying planting activities, leading to early discussions about some producers possibly switching to soybeans from corn, although no firm decisions have been made yet. Unknown destinations purchased 180,000 tons of U.S. soybeans, with 120,000 tons for the 2023/24 season and 60,000 tons for 2024/25. If these buyers include China, it could indicate potential retaliation for new U.S. tariffs, or a hedge a...
Invezz
New York cocoa futures on ICE rebounded this week, recovering from a sharp decline. July New York cocoa (CCc2) settled up $156, or 2.2%, to $7,322 per metric ton. This follows a nearly 20% drop on Monday. Dealers highlighted the extreme volatility in cocoa prices as the market attempts to stabilize after a significant fall of about 40%. Prices plummeted from a record high of $11,722 on April 19 to a low of $6,990 on May 3. Fundamentals remain supportive for cocoa, with forecasts predicting a large global deficit in the 2023/24 season due to poor crops in major producers Ivory Coast and Ghana. ...
Invezz
The US Department of Agriculture (USDA) has released its World Supply and Demand Estimate (WASDE) for May 2024, forecasting a significant increase in global cotton supplies for the 2024-25 season. According to the report, cotton production is expected to rise by 5.4 million bales, each weighing 480 pounds, with total global production projected at 119.05 million bales. This boost in production is anticipated to lead to a rise in both global consumption and ending stocks. Domestic and international cotton dynamicsThe report highlights that of the total production, 116.86 million bales will be c...
Invezz
In a significant move for international trade, the Indian Government announced on Friday the removal of tariffs on chickpeas until March 2025, a decision that is poised to greatly benefit Australian growers and the global pulse market. Chickpeas tariff suspension timed with planting seasonThe removal of the tariffs, effective immediately, aligns strategically with the upcoming chickpea planting season in Australia’s southern and Central Queensland and northern New South Wales regions. This policy shift is a relief to Australian farmers and traders who have been contending with challenging mark...
Invezz
There are a lot of reasons an investor might be interested in putting their money into agriculture. For one, it may seem like a safe bet since during a recession, people may cut back on haircuts or hold off on getting their car repaired but nobody stops purchasing food. Q4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard ...
ValueWalk
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