Initiation Week Ideas

BEET PULP

Good start to the year everyone and hopefully be better than last year. At December 27, 2009 are being delivered 1.9 mill. Mt of beet in the north (1.072.215Tm for AEA and 832,680 MT for ACOR).
The factories are having trouble delivering beet and some have had to stop until the weather improves. At the moment there is still a good stock of pulp and consumption remains the same as last year, ie very low. We believe that while grain and barley in particular follow pulp prices cheaper than not be incorporated into formulas, which will lower consumption.
regard to imports, it seems that with the dollar recovering slowly and rising international prices, would be to have a small uptick in these early months. SOYBEAN MEAL



still remaining high basis, with rates rising as a result of the dollar and oil markets are overbought and speculated, with markets waiting for better news from South America.
data to consider:

1 - For the estimated annual total of U.S. exports have already embarked in week 17 to 52%, with China at the head of them.


2 - The U.S. soybean exports to 31/12/09 up to 28 amounted to 726,100 MT to China at the head (452 \u200b\u200b600)
3 - Magyp (Ministry of Ag.Ganaderia and Fisheries Argentina) on 31 December reported that it has sown and 87% (15,875 hectares) planned (18,179 hectares).

Another week without direction while soybean meal has taken an upward trend, which gradually being consolidated. Will it last long?