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.
Last week’s correction was healthy on one side, as the market has rallied almost 90% since last August.
The USDA’s increase of Chinese imports is based on real needs: the rapid increase of its pig herd and the Government’s low stocks.
When compared with corn and soybeans, wheat is the only grain that looks well supplied in 2020/21. However, the 9m tonnes of lower ending stocks leaves wheat stock variation just 4m tonnes positive, down from the 13m tonne stock build we had before.
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
3 years ago
5 min read
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.