{"id":9336,"date":"2024-09-09T15:39:43","date_gmt":"2024-09-09T19:39:43","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=9336"},"modified":"2024-09-13T15:40:19","modified_gmt":"2024-09-13T19:40:19","slug":"agriculture-supported-by-low-supply","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/agriculture-supported-by-low-supply\/","title":{"rendered":"Agriculture Supported by Low Supply"},"content":{"rendered":"\n\n\n
Agriculture futures found support from low supply estimates, which reached multi-month lows.<\/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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Wheat futures strengthened due to limited supply from Europe<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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  • Wheat prices rose past $5.6 per bushel, rebounding from a 4-year low amid tightening global supply.<\/li>\n
  • Despite the availability of cheaper wheat from the Black Sea region, overall supply remains constrained.<\/li>\n
  • Additionally, Ukraine’s grain exports have soared 68% y\/y, solidifying its role as a major global exporter of wheat and corn.<\/li>\n
  • In Europe, heavy rains have damaged wheat crops in Germany and France, but low-cost exports from the Black Sea continue to satisfy global demand, further squeezing US export competitiveness.<\/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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    China’s weakened exports drive corn lower<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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    • Corn futures rebounded from their lowest level in nearly four years, driven by a robust production outlook.<\/li>\n
    • Futures remain above the $4 mark, but favorable weather conditions and anticipated record yields could influence this in the short term.<\/li>\n
    • USDA corn estimates see a yield of 183.1 bushels\/acre and an increase in ending stocks expected to surpass 600 million bushels.<\/li>\n
    • Meanwhile, sluggish demand from China, which has significantly decreased its imports compared to previous years amid economic uncertainties and changing policies, further exacerbates the downward pressure on prices.<\/li>\n
    • Despite record ethanol production rates providing some market support, the projected increase in ending stocks, expected to exceed 600 million bushels, indicates a challenging landscape for corn prices in the future.<\/li>\n
    • Similarly, in Brazil, low corn prices are influenced by a significant drop in exports to China compared to the previous year, reflecting a broader slowdown in global corn demand.<\/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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      Soybeans trade at 2020 levels, ending stocks surged above estimates<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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      • Soybean prices rose to $10\/bushel, rebounding from a 4-year low, driven by supply concerns as adverse weather in the Midwest raised fears of reduced yields.<\/li>\n
      • The recent hot and dry conditions in the US Midwest have heightened worries about the potential impact on the anticipated bumper corn and soybean harvests.<\/li>\n
      • This heat wave has bolstered prices in recent sessions, as it threatens to damage the soybean crop during a crucial stage of its development.<\/li>\n
      • While recent rainfall has alleviated dryness in some areas, uncertainty remains about whether it will be enough to allow the soybean crop to reach its full potential.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

        Agriculture futures found support from low supply estimates, which reached multi-month lows. Wheat Wheat futures strengthened due to limited supply from Europe Wheat prices rose past $5.6 per bushel, rebounding from a 4-year low amid tightening global supply. Despite the availability of cheaper wheat from the Black Sea region, overall supply remains constrained. Additionally, Ukraine’s […]<\/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-9336","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9336","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=9336"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9336\/revisions"}],"predecessor-version":[{"id":9337,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/9336\/revisions\/9337"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/media?parent=9336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/categories?post=9336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/tags?post=9336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}