Thursday, May 27th, 2021
Time: 09:30 AM - 10:30 AM
Featured Speaker(s): Matthew Revell, Jeff Doran, Sterling Smith
The May edition of Bloomberg’s 2021 agricultural outlook comes at a critical time for Grains, Oilseeds and the wider Agricultural market at large. The discussion will aim to answer key questions around weather, fundamentals and price action.
Joining Bloomberg is Jeff Doran from Planalytics to provide his views on meteorology, the latest conditions across the United States, a look-back on Brazil and what to expect for the Northern Hemisphere through the start of Summer. We also welcome Sterling Smith, Director of Agricultural Research at Sompo International to provide colour on market fundamentals, price movers, forecasts for acreage, yields and what to look during the key crop season.
Robust demand-side themes, driven by multi-year high buying of Agricultural products from China have combined with a series of supply side concerns, with the market having come in to the latest crop year with tight stocks following weak production across the complex last year. Severe weather across much of South America, critically key growing states in Brazil for Corn have compounded the story, as did acreage projections coming in the March WASDE for both Corn and Soybeans. With strong planting progress and beneficial rains now being seen in much of the US, could we see some cooling off, or will we stay at elevated price levels in preparedness for weather shocks later through the year and resilient demand?