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BEET PULP

On April 25 Toro closed the factory, with a total of approximately 983.000Tm of beet delivered . Earlier this month it had made the Miranda plant leaving only 541,000 tonnes plant in La Bañeza that April 25 had collected 726,139 tonnes and would soon close for this season. According to the French
Agreste Conjounture of April 16, European production of sugar for the 2009/10 marketing year increased by 14%, an increase of 4.5% surface. The estimated balance for this year by the International Sugar Organization (ISO) is deficient in 9,400 metric tons (11,700 tons in MY 2008/09), leaving the total world supply of sugar to 157,000 tons and demand at 167,000 MT.
The results of the group Associated British Food (ABF), owner of British Sugar and Sugar Ebro, have exceeded market expectations with profits 39% higher than last year. According to ABF has been possible thanks to the excellent sugar campaign in the UK with 9% more than last year, the recovery of domestic prices in China, a major export of the group due to higher limits agreed by the WTO this year and also for the excellent campaign in South Africa and preferential export agreements to the European market. SOYBEAN MEAL



Beware the flour for the month of May, not many stocks and ships from South America appear until late May or early June can not come to English ports. This could take up the prices of flour for this month. Some importers are warning that possibly for the month of June that can happen is the same as in May, though still a long time.
data to consider:

1 - According to the Buenos Aires Stock Exchange Argentina soybean production will reach 54.8 mill. MT.
2 - also believes that it has harvested 63.5% of the suitable area (delay of 8% over last year), and that performance remains high (32.2 qq / ha).
3 - According to the Brazilian Abiove, soybean production in Brazil reached a record of 67 950. MT. (67.6 mill.Tm in March) We still have
clear whether or not we have reached the roof of the soybeans, there are many uncertainties in the markets. However we will not be quite clear that worldwide soybean until late May or early June, when boats arrive and even then depending on the time you can come and soybean factories Bunge and Cargill.

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BEET PULP

After the opening of Toro and La Bañeza last week, it seems that time may allow the beets go missing and closing factories to make ends meet. Total production would reach 3,200,000 tons of beet (3125.992 tons last year) although there are still areas to collect and it is doubtful quality due to bad weather. On April 9 were between 270 and 280,000 tonnes of beet, 90,000 to 185,000 for the Toro and Bañeza about. South
For the campaign usually begins in June, it is expected that 10,000 hectares. planted in Andalusia lost about 2,000 because of the rain storms that have received so far, so not expected to reach the 500,000 tonnes of beet this year. Regarding
prices remain more or less equal, the national pulp € 112/114 / t according to source and import on the 129 € / Tm.
seems particularly cereals and barley to picked up a bit these last few weeks with a stronger dollar can raise the prices of some imported pulp. However we do not see it happening the same with the national pulp, which has too many stocks and low demand. SOYBEAN MEAL


seems
man proposes and soybeans have, since the subida de éstas últimas semanas nadie la previó. Así que para arriba precios, aunque seguimos pensando en que tarde o temprano (mayo??) la soja tendría que bajar por fundamentales.
Los datos a tener en cuenta:

1- Las exportaciones USA para la semana pasada, han sido 460.000 Tm , con 158.000 Tm para esta campaña, superando las necesarias para cumplir con lo proyectado por el USDA.
2- Los stocks previstos para esta campaña en USA aumentaran en 2,2 mill.Tm,.
3- Según el USDA del 1 de marzo, para esta campaña que viene se sembrará un 1% más de soja.
4- En Argentina se ha cosechado el 27% a 9 de abril (retraso de 7,6% respecto al año anterior. Se estima harvest between 51 and 55 mill.TM.
5 - China is buying from USA, because of the conflict with Argentina soybean oil strikes in the ports to delay deliveries. China has imported 43.5 mill. of Tm.de USA. However according to World Oil China does not seem to take much to change supplier
6 - also produces good retention by the Brazilian to maintain prices.
7 - On the other hand has begun planting corn in the U.S. at a good pace, which is damaging to soybeans in price, since it is assumed that in the long run unless you overstep. corn to soybeans.
8 - According to Oil World Global soybean production could exceed demand by 20 mill. MT, which would push on falling prices, especially since the second half.

seems that soybeans have peaked in the latter correction, and that sooner or later be revised downwards.