bullish scenario
Written by admin on Jun 2nd, 2010 | Filed under: News
With the flow of the weeks the stage for the contributions of the grains becomes more bullish than first expected. While expectations are still very good in most of the country, everything indicates that the stocks of grain for the joint campaign will not be as tight as expected just a couple of months. In the case of barley, nobody believes that they exceed 2 million tones and speaks rather of figures in the environment 1.5 / 1.7 Mt, no wonder this downward adjustment, given the huge differential in prices that has had this cereal for wheat and maize consumption has soared in recent weeks. As
for wheat, the calculation of unsold stock is very uneven, ranging from half a million tons that promise from the producer sector to 750,000 t estimated by the manufacturers of both flour and feed.
For durum wheat the figures are not clear, it is not known the percentage could have gone to the animal feed industry, yet in Andalusia, the region that could accrue from this choice mainly for the manufacture of meal- might be talking about a half million tons unsold. In the context of the European Union, the climatic conditions are not as favorable as resulting in weeks ago. The UK is probably one of the countries most affected by the lack of rain, abnormally high temperatures for this time of year, which makes analysts and begin working with wheat production forecast below 16 million tons. In France the potential loss of income threatens to become reality, although in this case it rains there are forecasts for the coming days.
This will be noted in the final production of the Twenty, where most experts work with wheat volumes close to 130 million tones, far from the predicted 134 million based on average yields in the seeding phase. Finally, we have only to note that the offered price levels have not changed hardly anything in the last week or ports or national origins.
For durum wheat the figures are not clear, it is not known the percentage could have gone to the animal feed industry, yet in Andalusia, the region that could accrue from this choice mainly for the manufacture of meal- might be talking about a half million tons unsold. In the context of the European Union, the climatic conditions are not as favorable as resulting in weeks ago. The UK is probably one of the countries most affected by the lack of rain, abnormally high temperatures for this time of year, which makes analysts and begin working with wheat production forecast below 16 million tons. In France the potential loss of income threatens to become reality, although in this case it rains there are forecasts for the coming days.
This will be noted in the final production of the Twenty, where most experts work with wheat volumes close to 130 million tones, far from the predicted 134 million based on average yields in the seeding phase. Finally, we have only to note that the offered price levels have not changed hardly anything in the last week or ports or national origins.