Miller Magazine Issue: 112 April 2019

111 MARKET ANALYSIS APRIL 2019 This day market cautious on weather conditions all over the world. Last USDA reports didn’t include the US flooding impact but we get another reason to pay attention to the weather: snow storm in the USA, Asians sowers, low-temperature con- dition in Europe. Some regions faced with lack of soil moisture too. Planting will delay for sure, and grain markets will be hig- her as hopes for a deal between the US and China has the mar- ket cautiously optimistic one more time, as China and EU also. It was mildly encouraging to hear that the Chinese commerce ministry has confirmed that it is a request by the USA Grains Council to lift anti-dumping tariffs on DDGs. By now means does this assure that they will comply with the request, but it is a positive step. A second cyclone blizzard hit the USA limited the movement and processing of corn, soybeans, and wheat. The USA Agriculture Department currently has no program to cover the catastrophic losses of grains in storage from the wi- despread flooding, they even can’t calculate it for sure. Such words could be part of the manipulation. Who runs the market? Elena Faige Pitek (Neroba) Head of Analytics Marcopolo Commodities SA “Last USDA reports didn’t include the US flooding impact but we get another rea- son to pay attention to the weather: snow storm in the USA, Asians sowers, low-tem- perature condition in Europe. And grain markets will be higher as hopes for a deal between the US and China has the mar- ket cautiously optimistic one more time, as China and EU also.”