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.

Poor US Weather Heightens Grains Volatility

  • Cold, wet weather in US adds to grains volatility created by Russia’s invasion of Ukraine. 
  • Ukrainian corn plantings remain subdued, with Agricultural Ministry forecasting crop losses of 22%. 
  • Prices should remain high unless Ukrainian plantings pick up.  

Alberto Carmona

2 years ago

3 min read

Grains Volatility Intensifies with Ukrainian Plantings in Danger

  • The April WASDE didn’t address Russia’s military presence in Ukrainian fields.  
  • Agricultural Ministry suggests that 20% of Ukrainian area is under Russian control, hitting plantings. 
  • Volatility and high prices to persist.  

Alberto Carmona

2 years ago

3 min read

Volatile Grains Market Eyes Ukraine Conflict and Plantings

  • Ukraine-related volatility likely to continue with no end in sight to conflict. 
  • Ukrainian plantings are much lower on the year, focus on domestic, not export market. 
  • Fertiliser availability is an issue for global grains production.  

Alberto Carmona

2 years ago

3 min read

EU Ups Grains Production as Ukraine Outlook Worsens

  • Ukraine won’t sow full grains area this season.
  • EU allows farmers to use previously set aside land to up production; US may follow.
  • Hit to global output from lack of fertiliser should keep prices high.

Alberto Carmona

2 years ago

2 min read

Ukrainian Corn Plantings Suffer as War Rages On

  • Ukrainian corn plantings are down following Russia’s invasion. 
  • The FAO thinks between 20-30% of the country’s area will be left unplanted or unharvested. 
  • Any planted corn should suffer poor yields with field access limited.  

Alberto Carmona

2 years ago

2 min read

Ukrainian Grains Production Faces Severe Delays

  • The USDA overlooked three key issues in the March WASDE. 
  • Ukrainian corn plantings and wheat harvesting will likely be delayed. 
  • Global grains yields should also be poor with fertiliser supply limited.  

Alberto Carmona

2 years ago

3 min read

Low Fertiliser Supply Drags Down Global Grains Output

  • Ukrainian grains production should be poor due to the ongoing war. 
  • Yields in other countries should also dip on reduced fertiliser supply. 
  • Prices should remain high with Black Sea supply suspended.  

Alberto Carmona

2 years ago

3 min read

Grains Exports Suspended as Russia Invades Ukraine

  • All grains rallied last week as Russia invaded Ukraine. 
  • Exports were suspended, jeopardising over 2m tonnes of nominated shipments. 
  • This has worsened an already tight supply picture.  

Alberto Carmona

2 years ago

3 min read

Grains Production Estimates Slashed as Impact of La Niña Shows

  •  La Niña has prompted widespread reductions to global grain production estimates. 
  • South America’s recent rains came too late to save yields. 
  • Dry weather should hit the region again soon, tightening global grain stocks.  

Alberto Carmona

2 years ago

3 min read

Russia Bans Fertiliser Exports

  • Russia has banned nitrate-based fertiliser exports. 
  • This could hinder grains crop development in major regions, including Brazil. 
  • Meanwhile, La Niña has hit soybean and corn yields in South America.  

Alberto Carmona

2 years ago

2 min read

Conflict Continues Between Key Grains Suppliers

  • The conflict between Russia and Ukraine, as well as La Niña, are both worrying for grains. 
  • The conflict could disrupt supply with Russia and Ukraine responsible for 30% of global wheat exports. 
  • Any disruptions to these flows will have a major impact on prices.  

Alberto Carmona

2 years ago

3 min read