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Dollar remained steady in
Brazil and Argentina at 3.15 and 2.95 respectively, allowing relatively
fluent market.
Weather
conditions continued favorable for winter crops plantings, confirming
expectations for a decent increase on areas, both in Brazil and
Argentina, being the only feature cropswise as all harvesting is
practically finished.
No
question, the bottle-neck of logistics is the still unsolved mess created
by Chinese rejection of Brazilian soybeans, which congested most of
terminal elevators, flooded with stocks, and smashed soybeans and
products´ premiums, which will remain depressed until some light is
brought into this problem.
Corn
shipments remained steady in Argentina, however market still shows
competitive levels, on account of : High dollar, the tail of the harvest
and good prospects for Brazilian winter crop, which is expected to bring
some liquidity mid July onwards.
Argentine
wheat looks heavy, somehow trapped between the very slow demand from
Brazil and the good prospects from Northern Hemisphere. Market starts to
show signs from the large carry – over that Argentina keeps holding.
CURRENT VALUES:
CURRENT VALUES:
ARG WHEAT PORT SELLER BUYER
JUNE 04 UPRIVER 148 VS NB
JUNE 04 NECO 149 VS NB
JUNE 04 BBCA 152 VS NB
JULY 04 UPRIVER 150 VS NB
JULY 04 NECO 151 VS NB
JULY 04 BBCA 153 VS 146
JAN 05 UPRIVER 140 VS NB
ARG MAIZE PORT SELLER BUYER
JUNE 04 UPRIVER -2 N VS NB
JUNE 04 NECO 2 N VS NB
JUNE 04 BBCA 15 N VS NB
JULY 04 UPRIVER 0 N VS NB
ARG SBEANS PORT SELLER BUYER
JUNE 04 UPRIVER -140 N VS -170 N
JULY 04 UPRIVER -130 N VS NB
JULY 04 BBCA -120 N VS NB
ARG SBEANSPLLTS PORT SELLER BUYER
JUNE 04 UPRIVER - 87 VS NB
JULY 04 UPRIVER - 85 VS - 87
AS 04 UPRIVER -60 VS -64
OND 04 UPRIVER -20 VS NB
BRAZILIAN SBEANS PORT SELLER BUYER
JUNE 04 PARANAGUA -120 VS -135
JULY 04 PARANAGUA -115 VS -125
AUG 04 PARANAGUA -60 VS -70
JUNE 04 RIO GRANDE -140 VS NB
BRAZILIAN SBEANSPLLTS PORT SELLER BUYER
JUNE 04 PARANAGUA -63 VS -67
JULY 04 PARANAGUA -62 VS -65
AUG 04 PARANAGUA -48 VS -50
AS 04 PARANAGUA -43 VS -45
OND 04 PARANAGUA -6 VS -8
Previous reports:
April first
| April second | May First
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