segunda-feira, 08 de janeiro, 2018

Extreme weather threatening wheat in America and Russia

Extremely low temperatures in the United States are still threatening wheat crops in major agricultural regions of the country. The extreme climate is providing support to prices in the Chicago market, second evaluation of Wheat Flour & Consulting. According to T&F, the wheat market has been driven by temperatures below zero in the North American Plains, in addition to the prognoses that continue to lack of moisture. "These factors raised the possibility of a reduced harvest, although it is still difficult to quantify the damage by cold until the crops emerge from your winter dead asleep", comments the analyst Luiz Fernando Pacheco. "We have a menacing climate for the crops in the United States and even in Russia, where the harvest is also vulnerable to damage because there is a lot of snow cover," he said in a statement to Reuters news agency the Ole Houe, Consulting analyst IKON Commodities (of Sydney , Australia). The United States Department of agriculture (USDA) reported still on last Tuesday (02.01) that the winter wheat in the U.S. State of Kansas at the end of December (before the cold snap this week) was 37% in good to excellent condition, far below the 51% a month before. "However, market operators estimate that wheat could have difficulties to continue advancing if there is clear evidence of losses in crops, given the abundant world stocks, fueled by a Russian record harvest," P.
Agrolink - 08/01/2018 Noticia traduzida automaticamente
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