Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

Deep Fundamental Analysis

Mint Finance

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Commodities

<ul>
<li>Last El Niño was one of the strongest on record, and typically are followed by La Niña, but this transition has yet to occur. </li>
<li>Latest ONI Reading and trend shows possibility of La Niña developing in August-October, could coincide with winter. </li>
<li>Historically, adverse weather changes and high hurricane incidence are likely to spoil bearish bets against corn and lead to sustained price recovery.</li>
</ul>


Last El Niño was one of the strongest on record, and typically are followed by La Niña, but this transition has yet to occur. 
Latest ONI Reading and trend shows possibility of La Niña developing in August-October, could coincide with winter. 
Historically, adverse weather changes and high hurricane incidence are likely to spoil bearish bets against corn and lead to sustained price recovery.


Will Delayed La Niña Onset Fuel Weather Risks Firing up Corn Prices?

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

<ul>
<li>Wheat, Corn and Soy gained on Monday even as US indices and commodities tumbled over recession woes. </li>
<li>Weaker dollar supports stronger US exports of agri-commodities. Grains and oilseeds rise as dollar weakens.</li>
<li>Technical indicators and fundamental outlook remains bearish for agri-commoties. IV remains subdued at multi-month lows. </li>
</ul>


Wheat, Corn and Soy gained on Monday even as US indices and commodities tumbled over recession woes. 
Weaker dollar supports stronger US exports of agri-commodities. Grains and oilseeds rise as dollar weakens.
Technical indicators and fundamental outlook remains bearish for agri-commoties. IV remains subdued at multi-month lows. 


Wheat, Corn and Soy Remain Insulated From Global Shakedown

<ul>
<li>North Dakota accounts for 51% of total US spring wheat production. The region's projected 2024 crop yield 15% higher YoY at an average of 54.5 bushels per acre.</li>
<li>Large old-crop corn inventories record yield of 183-185 bpa collectively dragging corn prices down.</li>
<li>Wheat vols rebounded last week after falling the prior week. Prices face uncertainty as strong exports, lower production in EU &amp; China provides support against massive US harvest.</li>
</ul>


North Dakota accounts for 51% of total US spring wheat production. The region's projected 2024 crop yield 15% higher YoY at an average of 54.5 bushels per acre.
Large old-crop corn inventories record yield of 183-185 bpa collectively dragging corn prices down.
Wheat vols rebounded last week after falling the prior week. Prices face uncertainty as strong exports, lower production in EU &amp; China provides support against massive US harvest.


[CB 30/2024] Corn & Soy Tumble on Improving Weather; Chinese Demand Likely to Support Soy

Energy Transition | AI | Shifting World Order, Mint Finance

Amrutha Raj

Energy Transition | AI | Shifting World Order

Thematic (Sector/Industry)

<ul>
<li>June witnessed heavy selling across major US crops across corn, beans and wheat with wheat taking the biggest hit.</li>
<li>Grain prices have been bearish on favorable supply. The adage of ‘rain makes grain’ has changed this summer to ‘grain falls like rain’ ahead of WASDE report.</li>
<li>Positive revisions are expected for major Wheat exporting countries US &amp; Russia, even as EU reels from adverse weather. US grain forecasts will follow suit and outweigh concerns</li>
</ul>


June witnessed heavy selling across major US crops across corn, beans and wheat with wheat taking the biggest hit.
Grain prices have been bearish on favorable supply. The adage of ‘rain makes grain’ has changed this summer to ‘grain falls like rain’ ahead of WASDE report.
Positive revisions are expected for major Wheat exporting countries US &amp; Russia, even as EU reels from adverse weather. US grain forecasts will follow suit and outweigh concerns


[WASDE Preview] Bounty Harvest of US Wheat & Corn; But Brace for Weak EU Forecast

<ul>
<li>Recent acreage report shows benign planting figures and solid ending stocks for Corn sending its prices lower. Wheat also declined on higher stocks, while Soybeans rebounded.</li>
<li>Wheat faces headwinds &amp; tailwinds. Fundamentals are dragged down by favorable weather in exporting countries &amp; imminent US harvest; Strong US demand &amp; weak EU forecast has supported prices.</li>
<li>Soybeans appear well supported from an unlikely ally in Trump. Import Duty tit-for-tat could see China slapping duty on Soy imports.</li>
</ul>


Recent acreage report shows benign planting figures and solid ending stocks for Corn sending its prices lower. Wheat also declined on higher stocks, while Soybeans rebounded.
Wheat faces headwinds &amp; tailwinds. Fundamentals are dragged down by favorable weather in exporting countries &amp; imminent US harvest; Strong US demand &amp; weak EU forecast has supported prices.
Soybeans appear well supported from an unlikely ally in Trump. Import Duty tit-for-tat could see China slapping duty on Soy imports.


[CB 27/2024] Wheat & Bean Up on Improving Demand as Corn Tumbles on Benign Planting & Solid Harvest

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Soybean Active Contract (S A COMDTY)

Will Delayed La Niña Onset Fuel Weather Risks Firing up Corn Prices?

Delayed La Niña threatens corn harvest. Harvest disruptions & rising hurricanes can sharply turn bearish corn sentiments into a rally. Neutral ENSO...

Mint Finance

Wheat, Corn and Soy Remain Insulated From Global Shakedown

Wheat, corn, and soy futures exhibit surprising strength despite broader market declines, driven by the weakening US dollar, although year-to-date...

Mint Finance

[CB 30/2024] Corn & Soy Tumble on Improving Weather; Chinese Demand Likely to Support Soy

82% of the US winter wheat harvested, 2% more than average. Wheat vols on the rise on conflicting fundamentals. Beans remains volatile amid Chinese...

Mint Finance

[WASDE Preview] Bounty Harvest of US Wheat & Corn; But Brace for Weak EU Forecast

Rains makes grains. But this June, Grains have been falling like rains. Grain prices have come crashing with bounty harvest. What will WASDE report...

Mint Finance

[CB 27/2024] Wheat & Bean Up on Improving Demand as Corn Tumbles on Benign Planting & Solid Harvest

Corn prices down 3% last week. Wheat prices cropped up 1.65%. Soybean prices were up 1.79% on fears of trade war escalation.

Mint Finance

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