Sperm Lifespan In Cervix

Maize prices climbed after the USDA report

The monthly report from the U.S. Department of Agriculture has surprised the experts. Maize prices hit highest level since July 2010. That of soybeans and wheat are also up considerably.

In an already tight market, the monthly report from the U.S. Department of Agriculture always follow market operators, could only set fire to the powder.

"Stocks U.S. corn were revised sharply downwards (-1.8 million tons), far beyond expectations of the experts who had forecast a decline of 500,000 tons. And that, due to increased consumption for ethanol. More disturbing than this level, the ratio of inventories to consumption fell below 6%, the lowest level for thirty years, "says Cedric Weber, head of market analysis in Agricultural Supply & Demand.

In 2008, at the time of the riots, this ratio was higher. This finding is particularly important that the United States alone account for 45% of total production. This is not the only bad news. "It should be noted that the estimate of corn production Argentina stays on top of the range to 22 million tonnes and could be further lowered, the consensus being around 20 million tonnes, "says Cedric Weber.

Shortly after the opening of markets in Chicago, the price of corn has gone a touch higher since July 2008, to 6.95 dollars a bushel, up 3% (21 cents). It remains nevertheless still well below the record of February 2008, to over $ 7.30.

This is not the first time that USDA takes markets by surprise. In October 2010, he had already lowered its forecast of 4% Harvesting corn overseas for marketing 2010-2011. Maize prices were then taken 15% in two sessions.

wheat at the highest for three years in Paris

Such a situation was not without effect on wheat prices. Its price has hit the 281 euros in Paris, a record for three years.

USDA has undertaken very little change this month on global stocks of wheat, but the situation remains extremely tense especially after a drought in China. This has already affected 35% the next harvest. Even Recent rainfall can not do anything. Moreover, political instability in North Africa pushes Egypt, Iraq, Turkey, Algeria and Bangladesh to import massive wheat. Now if this cereal is not lacking, its stocks are very poorly allocated.

Of the eight major exporters of wheat, five (Russia, Ukraine, Kazakhstan, Australia, Canada) have sustained heavy weather damage that put them in difficulty exporting. The United States account for 60% availability and are, at once, face serious logistical problems with high saturation of the ports.

Finally, on soybeans, the USDA has left unchanged its assessment report to the U.S. last month. The end of season stock remains at a very low level, to 3.82 million tonnes. The only surprise comes from the lowering of the Argentine production. In Chicago, soybeans opened up 1%.

LAURENCE BALL

The USDA report

Source: http://www.lesechos.fr/entreprises-secteurs/finance-marches/actu/0201139236599-les-cours-du-mais-grimpent -after-the-report-usda.htm