Brazil, August 16th ______________________________________________________________________ Increase in fuel prices in Brazil – Not the right time of the year! This week the oil company of Brazil, Petrobras, one of the largest Brazilian companies listed on the stock exchange, announced a new fuel price policy and as a result it has generated a 26% increase in the…
Thank you for subscribing to AgResource Weekly Newsletter! In this week’s report we take a look at new crop corn and soybean export sales, and what data as of early August means for final demand.
CBOT Corn Recovers; Cash Market Moves Closer to New Crop; US Yields to be Highly Variable: CBOT corn futures ended firm. Bearish enthusiasm waned as the market neared oversold territory and amid supportive weekly ethanol data. Ethanol production through the week ending August 11th totaled a solid 314 Mil Gal, up 13 Mil from the…
Wheat Extends Collapse on Relative Calm in Black Sea, Stronger US Dollar: World wheat futures ended steady to higher, with markets largely shrugging off Russian attacks at the Ukrainian port of Reni overnight – damage appears to be limited – as a cargo was allowed to leave the port of Odesa. Barges continue to operate…
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