BUENOS AIRES (Dow Jones)--Soy prices in Argentina were unchanged on the week at the Rosario Grain Exchange on Thursday, despite a strong recovery in international soy prices after a dip early in the week due to fears that the H1N1 virus, or swine flu, would cut back demand for pork and related commodities. Farmers are concerned over new administrative requirements for conducting sales due to the government taking over the management of grain transaction registries that had previously been managed by privately owned exchanges. With it still unclear when actual payment will be received under the new government management, farmers were hesitant to make sales, said Roagro analyst Pedro Amuchastegui in a market note. In light volume, spot soybeans were traded for between 960 Argentine pesos ($258) and ARS970 ($260) per ton Thursday, unchanged from a week ago. May soybeans were priced at $260 per ton, unchanged from last Thursday. Soy prices are enjoying support from deteriorating prospects for Argentina's 2008-09 soy crop. The Buenos Aires Cereals Exchange slashed its forecast for 2008-09 soy production by over 2 million metric tons Wednesday, pegging output at just 34 million tons. Despite the record area planted with the oilseed and early expectations for up to 50 million tons, a brutal drought saw yields plummet. The exchange's forecast marks the lowest soy output in four years. Wheat The exchange saw spot wheat sales start again after a long break. A local miller paid ARS490 a ton on Thursday. Before the sale, spot wheat hadn't been traded in Rosario for over a month, when it sold for ARS460 per ton. With winter wheat planting starting, prospects for the new crop are dim. Argentina's 2009-10 wheat planting is expected to fall 18.6% on the year to 3.7 million hectares, the Buenos Aires Cereals Exchange said in its weekly crop report Wednesday. Parched soil and tight financing are seen causing the drop, the exchange said. The area planted with wheat is expected to be the lowest amount since planting records have been kept in the country, the exchange said. Another poor wheat crop is likely to press the government to sharply cut back wheat export permits next year and cause the largest buyer, Brazil, to again look to North American or Eastern European markets to satisfy its demand. During the 2008-09 season, Argentina's wheat production plunged to 8.3 million tons, the lowest output in 27 years, as farmers cut back on planted area and a brutal drought battered the crop. With domestic demand pegged at 7 million tons a year, Argentina will likely have very little, if any, surplus wheat to contribute to international markets next year. Corn Exporters bought spot corn for ARS390 and ARS400, compared with ARS380 a week ago. June 2009 corn sold at $107 per ton, up from $106 a week ago.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
33000.00 | + 100 | 34000.00 | + 800 |
ПФО |
32500.00 | + 500 | 33000.00 | + 500 |
СКФО |
37000.00 | + 4000 | 38000.00 | + 4500 |
ЮФО |
36000.00 | + 3000 | 37000.00 | + 3500 |
СФО |
35000.00 | + 2000 | 37000.00 | + 3000 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
76000.00 | + 2000 | 85000.00 | + 10500 |
ЮФО |
76000.00 | + 3000 | 77500.00 | + 2500 |
ПФО |
76000.00 | + 2500 | 77500.00 | + 2500 |
СФО |
77000.00 | + 3000 | 78000.00 | + 2000 |
Обсуждение