commodities
sexta-feira, novembro 01, 2002
bloomberg 14:56 31oct2002
oybean Futures Rise After Export Sales Surge to 15-Year High2002-10-31 14:56 (New York)
Soybean Futures Rise After Export Sales Surge to 15-Year High
Chicago, Oct. 31 (Bloomberg) -- Soybean futures rose becausea government report showed overseas demand for U.S. soybeans at a15-year high as processors sought to lock in supplies afterdrought slashed production by the world's biggest producer. U.S. exporters sold 1.648 million metric tons of soybeanslast week, the highest weekly tally since at least 1987, the U.S.Department of Agriculture said. Processors are eager to securesupplies for their livestock-feed and vegetable-oil mills becauseof dwindling global stockpiles, analysts said. ``We're getting better-than-anticipated demand at a time whenwe are producing less,'' said Jerry Gerlach, an independentcommodity trading adviser in West Des Moines, Iowa. ``The questionnow is will the surge in orders continue.'' Soybeans for January delivery rose 8.25 cents, or 1.5percent, to $5.665 a bushel on the Chicago Board of Trade, thehighest closing price for a most-active contract since Sept. 18.Soybean futures were up 34 percent this year, reaching a 3 1/2-year high of $5.91 on Sept. 11, because of crop losses to droughtin the U.S. Midwest and Great Plains. The weekly sales figure was the highest since the AgricultureDepartment began keeping computerized records in 1987, saidCarolyn Hendricks, supervisor of the department's export salesdivision. China, the biggest importer of U.S. soybeans, has increasedpurchases 62 percent since the crop year began Sept. 1 comparedwith the year-earlier period, the report showed.
Crop Forecasts
Prices have also been buoyed by weeks of dry weather incentral Brazil that have delayed planting of the soybean crop tobe harvested beginning in March, heightening concern aboutshrinking supplies. The U.S. is the world's largest soybeanexporter, followed by Brazil and Argentina. Grain traders and speculators will be watching soybean-harvest estimates from private crop-forecasting companies as theAgriculture Department prepares its next supply-and-demand report,scheduled for release on Nov. 12. West Des Moines, Iowa-based FCStone LLC will release itsestimates tomorrow before trading opens, followed by Sparks Cos.next week, traders said. U.S. farmers will probably gather 2.65 billion bushels, or72.22 million tons, of soybeans by the time they finish harvestingin the next few weeks, the smallest crop in three years, accordingto the Agriculture Department. Drought parched fields across mostof the Midwest and Plains for most of the growing season, stuntingplant development.
Global Reserves
Global reserves of unsold beans are forecast to decline to26.11 million tons by Aug. 31, down 18 percent from 31.74 milliontons a year earlier, the Agriculture Department said in an Oct. 11report. That would leave processors with a 50-day supply of beans,down from a 63-day reserve a year earlier. Worldwide demand is forecast to increase 3.5 percent by Aug.31 from a year earlier to 189.99 million tons, the report said.
--Joe Carroll in Chicago (312) 692-3745 or atjcarroll8@bloomberg.net, with reporting by Roger Runningen inWashington, through the Washington newsroom. Editors: Enoch, *Cox.
fsp 01nov2002
fsp 01nov2002
Deterioração
Os dados de quebra de safra na Austrália não param de surpreender. Os mais recentes mostram que a produção total de grãos do país deverá ficar abaixo de 15 milhões de toneladas, menos da metade dos 34 milhões do ano passado. Só a quebra de trigo será de quase 15 milhões de toneladas.
Preços recordes
O óleo de soja atingiu preço recorde ontem no contrato de dezembro, em Chicago. A quebra na produção de soja e a redução de oferta de outros óleos, como os de canola e de palma, "puseram fogo no mercado", diz Seneri Paludo, da Agência Rural, de Curitiba.
Soja pega carona
O contrato de dezembro do óleo de soja subiu para 21,84 centavos de dólar por libra-peso. A soja pegou carona e teve reajuste de 1,5% no primeiro contrato, subindo para 565,25 centavos de dólar por bushel na Bolsa de Chicago.
