Here are today's details:
In yesterday's report, we mentioned that Brazil is currently facing the centralized listing of second-season corn, and some areas of corn are stored in the open air. The latest news shows that due to the rapid progress of corn harvesting, a large number of soybeans are still in the warehouse, which makes it impossible to store corn, and a large number of corn is stored in the open air.
It is reported that since the beginning of this year, affected by multiple factors such as the conflict between Russia and Ukraine, international food prices have risen sharply, which has also brought reluctance to sell to some food exporting countries. Soybean sales in South America, Argentina and Brazil are generally slower than in previous years.
Recently, affected by the global interest rate hike and the expected economic downturn, the international oil and fat market first experienced a situation of oversupply.
Due to the current sluggish demand, the price of soybean oil in South America has fallen back to the level before the conflict between Russia and Ukraine.
In Asia, the recent sharp drop in palm oil prices has hit the export markets of Indonesia and Malaysia.
It is reported that India, as the world's largest importer of vegetable oil, has breached the contract and will no longer implement the palm oil import order currently signed.
At the same time, some local palm oil producers in Malaysia have suspended production because the crushing cost of palm fruit they bought from the market has reached RM 6,200, but at present, the price quoted by buyers in the spot market for crude palm oil is only RM 4,700 per ton.
In addition, with the overall downward trend of international grain and oil prices, Egypt also reduced its previous purchase of Indian wheat from the previous 500,000 tons to 6,543,800 tons.
In other respects, Argentine biotechnology company claims that its research and development of BH4 transgenic drought-resistant wheat has been approved by the FDA.
However, more news also shows that this does not allow GM wheat to be consumed or planted in the United States, and it needs to be approved by the US Department of Agriculture.
In the domestic market, the market prices of bulk raw materials such as grain, oil and food are also falling.
It is reported that at present, the price of wheat in China's main producing areas continues to decline. As for the purchase price of common wheat, the mainstream minimum purchase price has dropped from the previous 1.55 yuan to about 1.53 yuan, while the price of high-quality wheat is generally concentrated between 1.59- 1.6 1 yuan/kg, which is the common wheat in the previous market.
In addition, due to equipment failure in Yihain silo in Texas, wheat shipment is currently suspended.
It is worth noting that, just as the price of wheat fell, Hubei, a major wheat-producing province, recently announced the list of the first batch of entrusted warehouses to buy wheat in 2022. * * * There are 8 listed enterprises, which is the first province to announce the list of wheat warehouses purchased by the market this year.
According to the previous official announcement, the national purchase price of wheat market this year is 1. 15 yuan/kg, which is a third-class national standard. Judging from the current price, the probability of starting is not great.
In other aspects, the National Development and Reform Commission said today that the country will give priority to the production of rice, wheat and other rations, and consolidate and enhance the production capacity of corn.
Vigorously promote the strip compound planting of corn and soybean, further improve the production of oil crops such as soybean, rape and peanut, and improve the production level.