PKM Price gap between spot and long (6/12 months) is reduced to $14/T, which puts the spot price now at sub $300…. Great News!!! We still believe the price gap will close and become equal. On a slightly negative point, Covid is still having a major issue on labour in Asia and Argentina, which unless…
DetailsProtein Markets Long delays at Chinese ports are slowing soybean imports to a near halt as authorities demand rigorous testing of imported goods for Coronavirus US soybean pods are now 25% set vs 11% last week and 21% with conditions gaining 1% to 69% good to excellent from last week Brazil is…
DetailsA couple of really important matters have come to our attention – so passing these on. Fonterra has reviewed both its 19/20 and 20/21 milk pricing schedules. For the 19/20 season the price range has been reviewed to $7.10 to $7.20 which means a mid point of $7.15. In other words a 5 cent drop,…
DetailsProtein Markets Brazilian soybean production has been forecast up 2MMT to 126MMT for the 2019/20 season reflecting better than expected yields US soybeans are 48% blooming vs 31% last week and crop ratings down 3% to 68% good to excellent The Chinese agriculture ministry announced it expects soy imports…
DetailsThe FOB (free on board) price is firm and firming in the last 5 days. There is a shortage of labor due to the current covid situation this has put pressure on squeeze margins….this means the raw product cost is been elevated, and the lack of demand for palm oil internationally is another reason why…
DetailsGDT Price Index is up 8.3%!!! It’s also great to see WMP up 14%, average price US$3,208/MT 😁 Taking year on year stats this is a early elevation of price which we would normally see in August. What does this mean for you? well it means we don’t see a lot of negative reasons for…
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