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Analyst Insights Alberto Carmona

142 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.

Will La Niña Impact South America’s Grains Crops?

  • The fundamental picture remains unchanged from two weeks ago.
  • Worries surrounding the potential impact of La Niña on South America’s corn and soybean crops continue to grow.
  • Meanwhile, China’s corn buying remains strong as it looks to feed its recovering pig herd and also fulfill the Phase One Trade Agreement.

Alberto Carmona

3 years ago

4 min read

The WASDE Slashes Global Grains Stock Estimates

  • The November WASDE was bullish for corn and soybeans with a significant reduction to the US’ ending stocks.
  • On a global scale, corn stocks were cut by 9m tonnes, soybeans were cut by 2.2m tonnes, and wheat was cut by 1m tonnes.
  • The bulk of the reductions came from the US, but in corn’s case, the USDA also reduced Ukrainian production by a sizable 8m tonnes and EU production by 2m tonnes 

Alberto Carmona

3 years ago

5 min read

La Niña Looms Over Corn and Wheat Development

  • Rains have arrived in the world’s key corn and wheat regions. With this, weather-related bullishness has now reduced slightly.
  • However, we still have the uncertainty of La Niña ahead of us, which causes dry weather in South America, Europe and southern US.
  • All these areas are in critical stages of crop development for wheat and corn.

Alberto Carmona

3 years ago

4 min read

Will Typhoons in China Harm Corn Production?

  • Our 2020/21 forecast (Sep/Oct) remains unchanged.
  • We think the average price will sit in the range of 3.4 to 3.8 USD/bu.
  • The average price, since the start of the crop (Sep/Aug) is running at 3.72 USD/bu. 

Alberto Carmona

4 years ago

5 min read

Corn: China Will Struggle to Fulfill Phase One Trade Agreement

  • China’s Phase One Trade Agreement is still a tough one to fulfill.
  • From the 36.5 billion USD committed in 2020, only 11 billion USD has been realised.
  • It will certainly be a challenge to fulfill this in the last quarter of the year, and it will no doubt be bullish if China goes for it. 

Alberto Carmona

4 years ago

4 min read

How Much More Corn Will China Buy?

  • Grains rallied in almost all geographies last week, with Brazilian Corn being the only exception.
  • This came in response to the news of China’s large supply. 
  • The momentum with the harvests, coupled with China’s strong purchasing appetite, is positive for the market.

Alberto Carmona

4 years ago

3 min read