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bus terminal and natural gas

With Sense Magazine, July 26, 2010. Recalling one of the most important gestures that helped end the Fujimori regime, this afternoon, dozens of Ayacucho gathered at the front of City Hall to participate in the laundering of flags, to reject what many called " betrayal "of the Mayor Germain Martinelli to the interests of the people of Ayacucho.

The event convened by the Front for the Defence of the People of Ayacucho was attended by representatives of organizations not only popular, so did several candidates for mayor of the provincial municipality of Huamanga, who were against the granting overly advantageous Terminal Terrestre to private.

During his brief interventions Sulca David Huancahuari and Orlando, both municipal council from the beginning maintained a critical attitude to this grant, referred to the dishonest act was shown throughout the bidding process and unfair attitude of their two colleagues who tipped the scales in favor of the mayor's interest to approve, against all odds, the aforementioned agreement of counsel.

was a matter of time

As is now generally known, in an impromptu council meeting held last Saturday morning, Martinelli Germain finally managed with the support of seven council members, approve the Regional Ordinance shielding future management contract for the Bus Terminal for Socicam Brazilian company, a consortium of property they use the service for 30 years without a single penny invested in the construction of the huge infrastructure.

But the passage of the Ordinance indicated could not have materialized without the surprise and-a-suspect clearly shift to the governing council of Socorro Arce and Walter Ascarza-both from the ranks of Fujimori, who until recently apparently acting days as opposed to the municipal system.

The truth is that for a week, a rumor had been feeding the suspicions against the two council members. It was said that a "black hand" had managed to convince Arce and Ascarza to vote for the adoption of the "legal stability", which will prevent any attempt to amend the grant from the bus station, standards even higher, considering the possibility that a Constituent Assembly could change the direction of the future contract.

But neither the protests nor the research initiated in the Congress or the complaints formalized in the Public Ministry and to the popular rejection expressed in high levels of disapproval of his administration, have failed to stop the desire of Mayor Martinelli to create legal conditions for the concession of the terminal.

Many news media especially radio have dared to point out the existence of a lucrative business around the concession, subject to different claims for defamation charge the mayor and representatives of the company Socicam. At this rate, nothing could be done to prevent Socicam becomes Terminal control. And while some claim that the administrative procedure is not over, chances are dwindling.

But the washing of the national flag and flag of Huamanga not only occurs in opposition to the free distribution of the Bus Terminal, but the government's willingness to export natural gas without having resolved the domestic demand.

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BEET PULP

Import prices of beet pulp have risen this week considerably. In Tarragona and talking about € 138 / t while the national pulp is at a discount around € 110/114 / Tm as factories. The reason is the same as for cereals, the supply has decreased, it holds good and there is less supply, so prices go up all influenced by the weather. The demand is almost equal, which is not going to sell more, and we believe that prices have been inflated speculatively (following cereals, particularly barley) and after normalization of the crops will stabilize. Remember that in the northern hemisphere harvests begin in October or so.

seems that in France are suffering from lack of rain in this campaign, with 50% less than a normal year This can influence the performance of beet for the new season, however, temperatures are still somewhat milder than normal.

In general we see these increases as being cyclical, that when we have more time, can bring down prices again. Meanwhile take the national pulp.

SOYBEAN MEAL

Good rally the last week of soybean meal (along with the rest of the complex) is now beginning to deflate (or not?) . Here are some details:

1 - The USDA estimated in its monthly supply and demand the following:

a) initial stocks drop to 4.75 mill tons. (5.02 mill.Tm above)

b) In USA mill production of 91.04 tons (90.08 mill.Tm above)

c) Milling mill.Tm 44.77 (44.63 mill.Tm above)

d) Exports 37.29 mill. T (36.74 mill.Tm above)

e) Stocks end mill.Tm 9.80 (vs. 9 , 63 mill.Tm expected)

f) Worldwide Tm 251.29 mill. (249.93 mil mt above) and stocks in mill.tm 67.76 (66.99 mill.Tm above)

2 - The Brazilian Association of Vegetable Oil Industries (ABIOVE) in its monthly report provides that Brazil will harvest 68.4 mill.Tm, reservations mill.Tm 3.7 (2.1 mill. Last season Tm), milling in 33.1 mill.Tm (30.7 mill.Tm campaign pass) and the production of soybean meal by 25.2 mill.Tm. Exports of soybean meal would come to 13.2 mill.Tm. (12 mill.Tm last year).

3 - In Argentina, the volume of soybeans for export commitment reaches almost to 25 mill.Tm (45% of the harvest), but only 40% of the crop has been exported (47% normally).

4 - China is basically self-sufficient in USA, and its projection CNGOIC estimated to increase from June 6 to 6.45 mill.Tm their stocks (5 mill.Tm imports in July, 4.5 mill . Tm mill.Tm August and 4 September).

5 - remains concerned about the possible dry weather in late July in USA, which could affect the crop soybeans. The girl seems to be returning and this could lead to the entry of hedge funds on the market.

continue with the Weather Market, any news can go up or down markets sharply.

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BEET PULP

still holding import prices as the dollar back each day. Not so the pulp in Guadalete national campaign starting price is down until it is over the 109 € / t, Miranda and The Bañeza remain the same. The Toro pulp warehouses are priced from about the 124 € / MT. Nothing new except in the south of Spain, with very weak consumer rebound but it seems that something, mainly due to the entry and the dry climate and the rise in grain prices.
The question is whether we believe that they keep rising cereals until the end of the year or not, bearing in mind that the crops are beginning or will soon begin.
continue to believe that grain prices will return to the past and pulp consumption will lower short-term.


SOYBEAN MEAL

Well so far the prices of flour in the low ports while the future in Chicago and the euro rise. The base or raw magic returns to the pitch, there is little use (although the future raise) the premiums down to match demand. Here are some details:

1 - According to USDA planting has been completed in USA and 95% have already emerged (93% last week and 97% 2008 / 9 and average). 13% of the plants already blooming (9% last week and 20% average). We are behind schedule.



2 - According to the Grain Exchange in Argentina is estimated that soybean production for this year will be 55 mil tonnes national historic record.
3 - According to the Department of Agriculture soybean plantings this year in USA Ha.un mill is 79 million more of you than the previous year, mainly due to good weather at the time of planting, growing at 3.2 mill.Tm final production.
4 - The weather starts to have an impact on prices, increases in the values \u200b\u200bof soybeans in the Chicago market and others were due to the likelihood of entry of "La Niña" in the coming months (incredible). According to the report of the NOAA Climate Prediction Center (USA) "there are favorable conditions to initiate a transition to La Nina conditions. July-September 2010 most of the models indicates the arrival of La Niña. Many of these models indicate that conditions La Niña will strengthen and persist in the Northern Hemisphere winter 2010/11. "
5 - Another bullish factor is that China (and not) are still buying soybeans to the U.S., hence the export sales will reach 541 000 MT for two weeks (40% more than the previous one) and 715 000 tonnes last week. Weather

total market, if the weather is fine at low prices if not up, the feeling is that the August comes and we do not know what to say, and any news keeps the high volatility in the market. Yet so far, so good (other than exports due to the Sino-Argentine problem seems to have already fixed) and both stocks and production seems that time will be good. We continue to believe that until flowering occurs USA ae mid to late August will not have sufficient grounds to know if prices will rise or fall until the end of the year.

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