November 23, 2024 | 13:21 GMT +7
Hotline: 0913.378.918
November 23, 2024 | 13:21 GMT +7
Hotline: 0913.378.918
Grains start lower in reaction to the election but quickly come off lows and corn even finds some buying. Livestock are mixed.
Grains start lower in reaction to the election but quickly come off lows and corn even finds some buying. Livestock are mixed.
Kevin Duling with KD Investors says he wasn’t surprised to see the lower trade in soybeans with the market fear of increased tariffs and a possibe trade war with China under the Trump Administration.
Trump has also threatened tariffs on Mexico is their president doesn’t help with the border and immigration crisis.
Duling says he is impressed at how well the grain market is handling the possible trade disruptions but thinks it may be because this could bring a huge flush of export business to the U.S. before January 20.
The stock market is also soaring, crude oil is lower and the dollar sharply higher in reaction to the election which isn’t all positive for the ag markets.
It may also be resulting in money flowing out of the ag markets, into the equity sector.
One exception is the cattle futures are rallying along with the stock market.
Duling says it will be interesting to see what all of these means for the Fed decision on Thursday.
Meanwhile, the market is also gearing up for the WASDE on Friday with trade estimates showing slightly lower yields, production and ending stocks.
agweb
(VAN) In its monthly grain market report, released on Nov. 21, the IGC revised total grains ending stocks lower by 8 million tonnes, to 576 million, a 3.5% decrease from the previous year.
(VAN) Vietnam's tea industry, one of the top five tea-exporting countries in the world, is facing a concerning reality as the average export price of Vietnamese tea is only 67% of the global tea price.
(VAN) Analysts at EastFruit have observed that fruits and vegetables are contributing to inflation in Russia, despite the government's efforts to combat it through fiscal policies and an increase in the key interest rate to 21%.
(VAN) Expanding high-quality tea varieties has become a strategic goal for Vietnam's tea industry to increase export value and escape the 'cheap price trap' when exporting tea to global markets.
(VAN) After implementing the OCOP program, several products from Bac Kan Province have established a strong presence in the market and are moving towards export.
(VAN) On November 20, a Vietnamese company exported nearly 10 tons of bird's nest to China's market through the Bac Luan II border gate in Quang Ninh.
(VAN) Many businesses believe that Halal market is huge and has a lot of potential; even in Vietnam, there are Muslims, and improving product quality is important.
