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Overview of commodity markets on March 10, 2020
Corn prices in Brazil in the coming months will remain high, which may reduce the export availability of grain in 2020, despite the fact that the country expects a record harvest, according to market participants.
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Corn on the domestic market Brazil is trading with a premium over the export market. Although it is expected that corn prices will fall after June, the market will be the second crop corn prices, according to analysts, is unlikely to fall significantly. Of course, it can be expected that the collection of a large crop will loosen this tension, but the domestic demand for new crop is expected to be high.

Imports of soybeans to China in the first two months 2020 increased by 14.2%. According to the General administration of customs, published on Saturday, China, the world's largest market for soybeans in January and February imported 13,51 million tons of oil compared to 11,83 million tons a year earlier. Last month, customs said it will combine the preliminary trade figures for January and February. Early data in China usually are distorted due to the weeklong celebration of the New year. After Beijing issued additional duty-free quotas, exports of soybeans have grown even more. The country has already granted tariff preferences to some processors, told Reuters.

 



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Источники: IDK.Эксперт