{"id":9288,"date":"2024-07-29T16:05:32","date_gmt":"2024-07-29T20:05:32","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=9288"},"modified":"2024-07-29T16:05:32","modified_gmt":"2024-07-29T20:05:32","slug":"us-agriculture-prices-under-pressure","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/us-agriculture-prices-under-pressure\/","title":{"rendered":"US Agriculture Prices Under Pressure"},"content":{"rendered":"<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1690307025407-918\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<p align=\"center\">Agriculture prices declined rapidly last week, amid weakened demand and amplified competition from foreign producers.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"divider\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1690307041936-917\">\n<tbody>\n<tr>\n<td class=\"divider_container content-padding-horizontal\" align=\"center\" valign=\"top\" width=\"100%\">\n<table class=\"divider_content-row\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"divider_content-cell\" align=\"center\" bgcolor=\"#000000\" height=\"1\"><img decoding=\"async\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/1101116784221\/S.gif\" alt=\"\" width=\"5\" height=\"1\" border=\"0\" hspace=\"0\" vspace=\"0\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1690306182344-419\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"center\" valign=\"top\">\n<p align=\"left\">Wheat<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1707849986691-117\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<p align=\"center\">Wheat on Multi-Month Low, Production Raised Higher<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1690306477431-969\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><img decoding=\"async\" class=\"image_content\" src=\"https:\/\/files.constantcontact.com\/cdf199da001\/2fc9259f-3f2c-46e3-a989-a64f3140173b.png?rdr=true\" alt=\"\" width=\"600\" data-image-content=\"\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1690306567780-371\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<ul>\n<li>September wheat futures\u00a0were mixed last week over ongoing pressure from the winter wheat harvest and good demand for high-quality wheat.<\/li>\n<li>September wheat futures closed -3.5% on a weekly basis, hitting a 4-month low.<\/li>\n<li>Hot and dry conditions have increased the pace of the US winter wheat harvest which is now 71% complete compared to the average pace of 62% complete.<\/li>\n<li>USDA put the crop at 2.008 billion bushels, up 196 million bushels or 11% from last year\u2019s 1.812 billion bushels.<\/li>\n<li><a href=\"https:\/\/app.constantcontact.com\/pages\/dashboard\/home#\" target=\"_blank\" rel=\"noopener noreferrer\">July weekly exports averaged 399k mt, up +4.7% from the same period last year.<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1710161893065-835\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">Corn<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1707850239640-314\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<p align=\"center\">Corn Plummeted to a 4-year low, Pressure from Peers Lowers US Prices<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1694446374085-835\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><img decoding=\"async\" class=\"image_content\" src=\"https:\/\/files.constantcontact.com\/cdf199da001\/62746519-19d2-4675-9729-1cc068a72292.png?rdr=true\" alt=\"\" width=\"600\" data-image-content=\"\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1694446377176-849\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<ul>\n<li>Corn futures plunged below $4 per bushel in July, reaching a low not seen since October 2020, driven by an improved supply outlook and lackluster demand.<\/li>\n<li>Projections of substantial increases in global corn production, particularly from Brazil, have bolstered the supply outlook.<\/li>\n<li>Rainfall has aided crop development, with reports indicating that 67% of the U.S. corn crop is rated as good to excellent, leading to the accumulation of record-high corn stocks not seen since 1988.<\/li>\n<li>Demand remains tepid, as sluggish export sales and U.S. shipments trail behind Brazilian competition, intensifying downward pressure on prices.<\/li>\n<li>July weekly exports averaged 1,064k mt, increasing +126% as compared to the same period last year.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1710161966306-975\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">Soybeans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1707850652955-795\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<p align=\"center\">Prices Slope Downward Amid Strengthened Competition<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1694446493784-494\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><img decoding=\"async\" class=\"image_content\" src=\"https:\/\/files.constantcontact.com\/cdf199da001\/40e6c523-4c6f-4f4e-ac7d-882d76398913.png?rdr=true\" alt=\"\" width=\"600\" data-image-content=\"\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1694446496187-535\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<ul>\n<li>Soybean prices have dropped to $10.8 per bushel due to an abundant supply and relatively low demand, lowering prices by -1.8% on a weekly basis.<\/li>\n<li>The anticipated large global production for 2024\/25 is contributing to the price decline, with Brazil expected to produce an exceptionally large crop that will further increase global supply.<\/li>\n<li>Improved weather conditions in the US, with rain alleviating previous dryness, are benefiting crop yields.<\/li>\n<li>Strong competition from Brazilian and Argentinian soybeans, along with China&#8217;s increased purchases of cheaper Brazilian beans, is influencing the market.<\/li>\n<li>July weekly exports averaged 278.9k mt, up +2.6% from the same period last year.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"<p>Agriculture prices declined rapidly last week, amid weakened demand and amplified competition from foreign producers. Wheat Wheat on Multi-Month Low, Production Raised Higher September wheat futures\u00a0were mixed last week over ongoing pressure from the winter wheat harvest and good demand for high-quality wheat. September wheat futures closed -3.5% on a weekly basis, hitting a 4-month [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9288","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/comments?post=9288"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9288\/revisions"}],"predecessor-version":[{"id":9289,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9288\/revisions\/9289"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/media?parent=9288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/categories?post=9288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/tags?post=9288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}