{"id":9309,"date":"2024-08-14T09:44:08","date_gmt":"2024-08-14T13:44:08","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=9309"},"modified":"2024-08-20T09:45:13","modified_gmt":"2024-08-20T13:45:13","slug":"agriculture-prices-plummet-on-recession-fears","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/agriculture-prices-plummet-on-recession-fears\/","title":{"rendered":"Agriculture Prices Plummet on Recession Fears"},"content":{"rendered":"\n\n\n
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Agriculture commodities fell amid solid ex-US competition and oversupply concerns, coupled with recession fears for the US economy.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Wheat<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Prices reversed, exports remain strong<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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  • December wheat prices rebounded to $5.65 per bushel, driven by supply concerns as France faces its worst soft wheat harvest in over 40 years.<\/li>\n
  • According to analysts, the 2024-25 wheat production is expected to fall to 25.2 million tons, 27% below the five-year average.<\/li>\n
  • July US exports surpassed +8.4% on a yearly basis, adding further pressure for wheat prices to lower in the near term.<\/li>\n
  • Moreover, Ukraine’s grain exports surged to over 3 million metric tons for the 2024-25 season by July 26, up from 1.9 million tons the previous year, adding to the global supply abundance.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    Corn<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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    Corn futures reached 4-year low, despite strengthened exports<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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    • December corn futures plunged to below $4 per bushel in August, the lowest in nearly four years, amid an outlook of weak demand and strong supply.<\/li>\n
    • The USDA projects that global corn stockpiles for the 2024\/25 marketing year will rise to 311.6 million tons, an increase from 309.1 million the previous year, while production estimates have been raised to 1.23 billion tons.<\/li>\n
    • This data has contributed to cautious market sentiment, as rising supply and increased competition from Brazil exert additional downward pressure on prices.<\/li>\n
    • Additionally, ongoing economic uncertainties (fears of a potential US recession) and concerns about declining farm income intensify fears of oversupply and highlight the challenges posed by weak demand dynamics.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      Soybeans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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      Soybean prices plummeted amid increased competition<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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      • November soybean prices have dropped to $10.1 per bushel, marking an almost 4-year low, driven by abundant supply and relatively low demand.<\/li>\n
      • 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
      • Additionally, improved weather conditions in the US, with rain alleviating previous dryness, are also benefiting crop yields.<\/li>\n
      • Meanwhile, recent USDA export data shows that, although sales are substantial, they are below the typical pace, with new crop sales at a 20-year low.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

        Agriculture commodities fell amid solid ex-US competition and oversupply concerns, coupled with recession fears for the US economy. Wheat Prices reversed, exports remain strong December wheat prices rebounded to $5.65 per bushel, driven by supply concerns as France faces its worst soft wheat harvest in over 40 years. According to analysts, the 2024-25 wheat production […]<\/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-9309","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9309","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=9309"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9309\/revisions"}],"predecessor-version":[{"id":9310,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9309\/revisions\/9310"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/media?parent=9309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/categories?post=9309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/tags?post=9309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}