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Analyst Insights Alberto Carmona

124 Insights

Alberto Carmona

Graduated at the University of Seville (Spain) and University of Paderborn (Germany) with a Bachelor in Economics and Business Administration and an Executive MBA from Institute San Telmo (partner school of IESE). Worked in Abengoa Bioenergy from 1999 through 2017 when I founded NixAl Commodities, an Ethanol boutique focused on market intelligence, risk management and engineering. Professional background in financial and commercial activities, promoting and financing renewable energy projects in Europe, Brownfields and Greenfields. I have been active in the international development of Bioethanol since 2001 having lived and worked in The Netherlands, Brazil and U.S., the three main markets, while leading global trading operations, risk management and lobbying.

Wheat Sinks on Black Sea Supply; Corn in Brief Rally

  • The week was slightly positive for corn, while wheat fell across all geographies.
  • Dry weather in Brazil has lifted corn prices.
  • Increased Black Sea shipments hit wheat prices.

Alberto Carmona

1 week ago

3 min read

Higher Corn Production Forecast Rattles Market

  • There was another negative week for grains after November WASDE reports forecasted higher global production.  
  • Price support is coming mainly from very tight previous crop stocks and farmers holding back on new crop. 
  • Unless there is further Black Sea disruption, there continues to be downside risk.

Alberto Carmona

2 weeks ago

4 min read

Efficient Corn, Wheat Progress Points to Downside Risk

  • After a poor performance in the US, a rally in soybeans and wheat on Friday pulled Chicago corn prices higher.
  • With corn harvesting and wheat planting running well across all regions, we continue to see downside risk in the market.
  • Only negative fundamentals, such as weather challenges and supply disruptions out of the Black Sea could push prices higher.

Alberto Carmona

3 weeks ago

3 min read

Black Sea Grains Corridor Back In Action

  • Appetite for US corn is waning as price points remain too high compared to regional competitors.
  • The weather is presenting issues for both corn and wheat as it threatens to slow planting and harvesting.
  • The situation in the Black Sea seems to be stabilizing as the new grains corridor begins operating.

Alberto Carmona

1 month ago

3 min read

USDA Reduces US Corn Production Forecast

  • A positive week for grains futures.
  • Black Sea grains line-up continues to increase.
  • October WASDE lowered US corn production estimates slightly.

Alberto Carmona

1 month ago

4 min read

Chicago Corn Continues its Recent Rally

  • Russian corn production could reach new highs this season.
  • US corn harvest continues; 59% of crop under drought.
  • Wheat prices fall as more vessels leave Ukraine.

Alberto Carmona

2 months ago

5 min read

USDA Quarterly Forecast Reports Low Wheat & Corn Results

  • Another negative week for Wheat on higher quarterly stocks.
  • USDA reported Corn stocks at 5% below what the market was expecting, at 1.36 billion bushels.
  • US is expected to have warm and dry weather, Brazil is expected to receive rains.

Alberto Carmona

2 months ago

4 min read

US Corn Harvest Well Underway Despite Hot & Dry Weather

  • Hot and dry weather in US shouldn’t affect the Corn being harvested.
  • Chicago Corn average price remains unchanged, US Corn harvesting is 9% complete.
  • Russian Wheat is 78.7% harvested and is heading for a 90 million tonnes harvest.

Alberto Carmona

2 months ago

4 min read

US Corn Acreage & Global Wheat Create Price Fluctuations

  • US Corn harvesting has started and is 5% complete same level as last year.
  • In Brazil, Safrinha Corn is 93,1% harvested vs. 98,5% last year.
  • The French government increased their production forecast to 11.5 million tonnes.

Alberto Carmona

2 months ago

4 min read

Corn Crop Varies Across US & EU, Wheat Unchanged

  • No surprises are expected on the Wheat front.
  • US Corn condition worsened 3 pts to 53% good or excellent vs. 54% last year.
  • French Corn is 80% in good or excellent condition and Corn harvesting in Ukraine has started.

Alberto Carmona

3 months ago

3 min read

Extreme Weather Impacts Corn And Wheat Harvests

  • Low Mississippi water levels are putting pressure on Chicago Corn.
  • September’s WASDE should clarify any changes to corn yields.
  • Brazil rains expected to delay harvesting pace.

Alberto Carmona

3 months ago

3 min read