Squirtle Walking Sprite Sheet

BEET PULP

With rising grain prices pulp was also drawn up, but demand had risen sufficiently to cause such a rise. The situation is complicated with prices in ports very expensive or even absent (Tarragona € 164 / t, Cartagena 180 € / t) and a national pulp is still missing about a month to start. However there are still leftover pulp stocks to last until the joint campaigns and real consumption is very low with cumulative production from feed manufacturers who agree with concern the current situation. French prices stay above the 117 € / t unchanged this week.
We note with concern the current market situation with high prices in general, but also with low demands do not justify these prices and the fact that the general consumer is not financially prepared to withstand these increases, which only have the option of reducing its production to wait for better times. It gives us the feeling that reality does not justify the price increases that have occurred and possibly meet again in a month at lower prices than the current, time will tell.

SOYBEAN MEAL

follows the same pattern of behavior in recent months as we near the end of the month the flour goes up in price in the future (and market) and as it approaches the 10 day report of the month is adjusted.
Here are some details:

1 - The USDA gave a weekly exports for 2009/10 marketing year of 167,700 t (181.000Tm last week) with China in the lead with 114.000Tm. And for the 2010/11 crop exports amounting to 824.100Tm (2.49.500Tm last week.) The market expected a total of between 900/1.000.000Tm exports.
2 - Last week, the USDA estimated that 64% of soybean crops were good-excellent, like the previous week and above last year. The positive note is the increase of a regular point for the week.



3 - As the weather traders remain concerned that many areas of Indiana and Ohio are too dry and any plant that is maturing performance may be affected in the end, even the "syndrome sudden death. " I put a map of moisture below



4 - Funds still overbought with a net long position of 130,950 contracts (8029 contracts less than last week) in soybean to 24 August.
5 - From August 24 to September 18 is expected to go 1.44 mill.Tm soybean by Argentine ports (665.000Tm last year at this time)
6 - is also concerned about the phenomenon of La Niña Argentina, which could extend at least until the end of the year, which together with that certain areas are low humidity recorded in the field, might suggest that by 2010/11 will not as favorable as the present.

Can the final month of September for the fall in soybean meal? We believe that for this to happen have to be several situations, the first that the euro back to levels of 1,30 / 1,35 against the dollar, second that the oil rises to $ 80 levels and third consequence of the above the soybean oil price hike too. The question is Can this happen? We must follow the market and watch as other fundamental as the weather are entering the field of play and may change the current scene.