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OUTLOOK SEMINAR. ANNUAL MEETING AFOA October 9, 2013. Fundamental Factors in the formation of Prices. World Macro-Economic Conditions. Basic supply/ demand input. Energy. Market. Investments. Exchange. Growth in Consumption of Protein. Source: USDA, Oil World.
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OUTLOOK SEMINAR ANNUAL MEETING AFOA October 9, 2013
Fundamental Factors in the formation of Prices World Macro-Economic Conditions Basic supply/ demand input Energy Market Investments Exchange Growth in Consumption of Protein
Area and Production of Grains and Oilseeds Area and Production of Grains and Oilseeds Source: USDAOil World
RELEVANT MARKET FACTORS PAST 18 MONTHS • Crop Losses in Soy in South America • Increase in the Brazilian Corn Crop • Crop Losses in Corn and Soy in the U.S. • September/October 2012 • March/April 2012 • May/June 2012 • Record Soy and Corn Crops in South America • Progress of Northern Hemisphere Crops • Continued Growth in Palm Oil Production • 2013
WORLD CROP SUPPLY/DEMAND (Mln. Tonnes, Mln. Hectares)
MARKET ISSUES • Political / Financial Issues • Final Northern Hemisphere Crop Results • Rebound in 13/14 Livestock Demand • Crude Oil / Energy Issues • Southern Hemisphere Plantings / Weather • Palm Oil Supplies / Stocks • Biofuels Issues: Political / Economic? • Farm Economics 2014?