hEDGEpoint Global Markets, specialized in hedging, risk management and market intelligence solutions, is holding a webinar on February 22, 23 and 24 to discuss macroeconomic perspectives and trends for agricultural and energy commodities in 2022. The online event will take place at 17pm to 19pm and will be open to the company's customers, investors and partners.
“Our experts in market intelligence and risk management will share, in this series, their perspectives for 2022”, says the market intelligence manager at hEDGEpoint, Thais Italiani.
Participation in the Webinar is free. Registration on event website.
In relation to the oil and refined products market, exhibitors will address bullish perspectives regarding the prices of energy commodities. “It seems to be the case that North American producers, together with OPEC+, are not as responsive to high oil prices on the global market”, highlights market intelligence analyst, Heitor Paiva. Geopolitical factors should also influence prices, especially amid the obstacle between the European Union and Russia, with natural gas being the target, according to him. “We have an inflationary energy market right now,” he adds.
In grains and oilseeds, the focus will be on the failure of Brazilian and Argentine harvests due to the drought resulting from La Niña and how tighter supply should impact demand. According to grain analysts, Alef Dias and Pedro Schicchi, soybeans should be the most affected crop. “Given the severe deterioration in harvest conditions, mainly in Paraná and Rio Grande do Sul, our estimates already point to lower production. Furthermore, the lower supply of Argentine soybean meal and oil, as well as the recovery of the Chinese pig herd, should stimulate processing and exports”, highlights Dias.
With the South American crashes, the US domestic market should remain strong, with the domestic use of both commodities surpassing the previous harvest's figures. Analysts will also bring insights for the next North American harvest, looking at the climate issue and fertilizer costs -- which rose sharply last year. The panel will also address the wheat market, which is expected to see a recovery in global stocks following shortages in the current harvest. However, there are still many risks that deserve attention, such as snow cover in the USA and Russia.
In the sugar market, experts highlight the importance of understanding the 2022/2023 Brazilian harvest and its seasonality to measure the tightening of trade flow, especially from April onwards. Previously, it is estimated that the price range should remain between Chinese import arbitrage and export parity. Furthermore, the entry into a third year of global deficit contributes to a scenario of tighter stocks, which, in turn, could revive sugar demand and prices.
The coffee market faces the possibility of two consecutive deficits in 21/22 and 22/23, with problems in the Brazilian harvest. The 21/22 break, in addition to a negative biennial, was a result of La Niña, which generated a dry period during flowering. Furthermore, the drought affected vegetative growth in 22/23 - a harvest that was also impacted by three frost events last year. “The coffee market should register a reduction in ending stocks and a tightening of the stock/use ratio in 21/22 and 22/23, which generates support for prices in NY. The counterpoint is the macroeconomic issue -- which affects commodities in general, and is not exclusive to coffee”, highlights market intelligence analyst, Natália Gandolphi.
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The event is part of the Cooperative's transparency actions and serves to provide and approve accounts for the year 2021
Microgeo participated in the event and presented MICROGEO technology – a balanced component that nourishes, regulates and maintains the continuous production of Biological Fertilizer through the Continuous Liquid Composting Process (CLC)
