Runny Nose And Pneumonia

BEET PULP

about to end the 2009/10 campaign pulp prices have gone crazy, is hardly pulp mills and the prices are around the 160 € / t in the market is not expensive because the ports are located near the 180 € / Tm. As mentioned in previous reports, all due to price increases in cereals, which make up the products sympathy. But according to the latest report of the IGC global wheat production will be the third best in history and will record corn production, then what happens? Just that speculation has gone into the raw materials having no security at world stock since there is no clear fundamental take us to this price range in cereals. We believe that until the funds are reduced raw materials very overbought, we have no price decreases.

In addition to day 14, started the French campaign of sugar beet, which is expected to last until mid-December or early January. The prices are already at 145 € / t. older.

Also expected to increase production of beet for the campaign in 2011 in USA as a 73.000Tm ERS-USDA.

SOYBEAN MEAL

Well it seems that this week's collection of benefits and therefore prices down, the weather also helps in the fall and harvest USA goes really well. The only negative is still buying from China, but that's normal.

Let data:

1 - A September 23 USDA gave some soybean meal exports 107 600 tonnes per week (131,600 metric tons last week) with the expected range between 75/150.000TM and soybean 1.737.600Tm (1083700 last week) with 950/1.200.000Tm expected range.
2 - The National Cereals, Oils and China reported imports expected to be placed on the 4.5 mill.Tm for mill.Tm September and 3 October.

3-September 26, USDA estimated that 63% of soybean crops were good-excellent.

4 - Funds still overbought to 17/9/2010 in soybean with a global position bought from 20.3% to 20.5% of open interest.

5 - Improving weather in Brazil but there is still the risk of the phenomenon of the girl.

6 - Regarding the weather in Argentina also seems to have improved in the last week. Soybean exports provided between 09/29/2010 and October 21 will 367,000 tons (538,000 metric tons last week)

The drop in futures prices and the market we've had this week, may correspond to an adjustment in the funds. Of Today time seems to still run down and with the permission of the multinationals do not go up the bases, should have their impact on market prices. However this week detected a turnover lower than other weeks and a pressure from vendors to put soy cheaper.