Agri commodity stocks remain comfortable and are expected to limit price gains to modest levels throughout 2016 for grains and oilseeds, while hogs, sugar and coffee prices are expected to head higher. Cattle prices are expected to remain fairly stable, report Rabobank analysts. While weather problems paint a bright price outlook for coffee and sugar, grains and oilseeds are likely to be more stable prospects. Record production of grains and oilseeds from South America coupled with decent crops elsewhere materialised in very high global stock levels, which weigh on prices and limit volatility. The dollar strength, which we expect to continue through 2016, will. Read more...
Markets turmoil is mostly related to concerns about the Chinese economy, which has led to the Dow Jones Industrial Average declining 10.7 per cent.Soon after, however, it gained 988 points, recovering 6.3 per cent, according to Professors Ron Plain and Scott Brown, University of Missouri. They write that, on Thursday, the Commerce Department said the U.S. economy grew at an annual rate of 3.7 per cent during the second quarter. This follows a dismal 0.6 per cent growth rate in the first quarter. Meat demand usually correlates with economic growth. USDA says frozen red meat and poultry stocks totaled 2.403 billion pounds on July 31, up 2.5 per cent from the month before and. Read more...
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