Procurement Resource

🌽🌱 𝐑𝐞𝐟𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐨𝐧 2024: 𝐀 𝐘𝐞𝐚𝐫 𝐨𝐟 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 🌾🐄 2024 marked a year of resilience and adaptation for the 𝐚𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐬𝐞𝐜𝐭𝐨𝐫. Despite facing hurdles, farmers demonstrated their capacity to optimize resources and manage uncertainties. 🔸 𝐂𝐨𝐫𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: The 𝐔.𝐒. 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐝 𝐢𝐭𝐬 𝐭𝐡𝐢𝐫𝐝-𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐜𝐨𝐫𝐧 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐥𝐞𝐯𝐞𝐥, setting a record national average yield of 183.1 bushels per acre. Yet, reduced acreage resulted in a total production decrease of 198 million bushels compared to 2023. 🔸 𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: Soybean production came close to record levels, falling just 0.2 bushels per acre short of an all-time high. Late-season dryness played a pivotal role in curbing yields, leaving 𝐭𝐨𝐭𝐚𝐥 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐣𝐮𝐬𝐭 3 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐮𝐬𝐡𝐞𝐥𝐬 𝐬𝐡𝐲 𝐨𝐟 𝐭𝐡𝐞 2021 𝐫𝐞𝐜𝐨𝐫𝐝. 🔸 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐈𝐦𝐩𝐚𝐜𝐭𝐬: While lower feed prices provided relief to livestock producers, grain farmers faced limited market opportunities. USDA's December 𝐖𝐨𝐫𝐥𝐝 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐒𝐮𝐩𝐩𝐥𝐲 𝐚𝐧𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬 (𝐖𝐀𝐒𝐃𝐄) 𝐫𝐞𝐩𝐨𝐫𝐭 highlighted these dynamics, reflecting a projected 4% decline in net farm income to $140.7 billion in 2024. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞 ➡️https://lnkd.in/gsNkWubJ #Agriculture #Corn #Soybeans #FarmEconomy #Resilience #USDA #WASDE #AgriculturalSupply #EconomicResearchService #marketprices #soybeanproduction #cornproduction #agriculturereport #WorldAgriculturalSupply #ProcurementResource #cornpricetrends #cornproductioncostreport #soybeansmanufacturing

🌍 2024 𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐃𝐞𝐜𝐥𝐢𝐧𝐢𝐧𝐠 𝐏𝐫𝐢𝐜𝐞𝐬 𝐀𝐦𝐢𝐝𝐬𝐭 𝐆𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐒𝐡𝐢𝐟𝐭𝐬 🛢️ As we reflect on 2024, 𝐠𝐥𝐨𝐛𝐚𝐥 𝐨𝐢𝐥 𝐩𝐫𝐢𝐜𝐞𝐬 have experienced a 3% decline, marking a second consecutive year of losses. This downturn can largely be attributed to several key factors: 1️⃣ 𝐒𝐥𝐨𝐰𝐝𝐨𝐰𝐧 𝐢𝐧 𝐏𝐨𝐬𝐭-𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐃𝐞𝐦𝐚𝐧𝐝 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲: Despite early optimism, global demand recovery has been slower than expected, particularly in major markets like China. 2️⃣ 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐄𝐜𝐨𝐧𝐨𝐦𝐲: With China’s economic growth moderating, oil demand projections have been revised downward by both OPEC and the IEA, leading to expectations of market surpluses as we approach 2025. 3️⃣ 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐍𝐨𝐧-𝐎𝐏𝐄𝐂 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬: The U.S. has been a major contributor, with its crude oil production reaching a record high of 13.46 million barrels per day in October. The EIA projects further increases, potentially reaching 13.52 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐩𝐝 𝐢𝐧 2025, adding to the global supply glut. 4️⃣ 𝐆𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬: From the ongoing Russia-Ukraine conflict to military actions in Yemen, regional instabilities are raising concerns about the security of key oil supply routes. Tighter sanctions on Iranian exports and shifting geopolitical strategies under President-elect Donald Trump may disrupt supply dynamics further. 5️⃣ 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐈𝐧𝐝𝐢𝐚𝐧 𝐃𝐞𝐦𝐚𝐧𝐝: While growth in China’s manufacturing sector is slowing, government stimulus efforts may help stabilize the economy. Additionally, rising energy demand in India is expected to lend some support to the oil market moving forward. 🔮 Looking ahead, the Federal Reserve’s interest rate decisions in 2025 will be closely watched. Lower rates generally stimulate economic growth and energy demand, potentially providing a boost to oil prices. However, ongoing geopolitical uncertainty and potential supply disruptions remain key risk factors. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞 ➡️https://lnkd.in/gekAuMgr #OilMarket #EnergyTrends #Geopolitics #OPEC #USProduction #ChinaEconomy #CrudeOil #EnergyInvesting #MarketOutlook #oilprices #oilmarket #globaloilprices #procurementresource #crudeoilproductioncost #oildemand #keyriskfactors #globaldemandrecovery

🎉🌟 𝐇𝐚𝐩𝐩𝐲 𝐍𝐞𝐰 𝐘𝐞𝐚𝐫 𝟐𝟎𝟐𝟓! 🌟🎉 As we step into the new year, we reflect on the successes, growth, and lessons learned in 2024. At 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞, we are filled with gratitude for the trust, support, and collaboration from all our partners, clients, and teams. Here’s to a new year filled with exciting opportunities, continued success, and reaching new milestones together! 🌱✨ Wishing everyone a prosperous and fulfilling 2025. Let’s make this year even better! 🚀 #HappyNewYear #NewYear2025 #Gratitude #SuccessAhead #ProcurementResource #Opportunities #Growth #NewBeginnings #Teamwork #LookingAhead 🎊

Stay informed on the commodities market with The Commodity Compass, our fortnightly newsletter. Get essential updates on price trends and market movements across F&B, Metals, Chemicals, Energy, and Precious Metals. We break down the factors driving price changes and offer guidance to help you navigate the shifting market with confidence. #newsletter

🔑 𝐂𝐡𝐢𝐧𝐚'𝐬 𝐂𝐨𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐬𝐮𝐩𝐩𝐥𝐲 & 𝐏𝐫𝐢𝐜𝐞 𝐃𝐞𝐜𝐥𝐢𝐧𝐞 🔑 China's coal production is significantly outpacing demand, driving prices down to an 18-month low of 790 𝐲𝐮𝐚𝐧 𝐩𝐞𝐫 𝐭𝐨𝐧. 𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 🔹 𝐎𝐯𝐞𝐫𝐬𝐮𝐩𝐩𝐥𝐲 𝐒𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧: Despite the usual winter heating season driving coal use, large inventories and slow economic growth are suppressing demand. Analysts predict prices could fall further to 730 yuan per ton before the Lunar New Year. 🔹 𝐑𝐞𝐜𝐨𝐫𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐋𝐞𝐯𝐞𝐥𝐬: Domestic coal output is reaching new highs, with stockpiles growing by 12% in recent months. The government’s focus on 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 over emissions reductions is pushing for record coal production, targeting 4.8 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐭𝐨𝐧𝐬 𝐛𝐲 2025. 🔹 𝐖𝐞𝐚𝐤 𝐃𝐞𝐦𝐚𝐧𝐝: Buyers are hesitant to enter the market, waiting for price stabilization. Activity at key coal ports has dropped significantly, with vessel traffic in the Bohai Sea at just 50% 𝐨𝐟 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫'𝐬 𝐥𝐞𝐯𝐞𝐥𝐬. 🔹 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐚𝐥 𝐃𝐞𝐦𝐚𝐧𝐝: While global demand for coal continues to break records, especially in 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧, China remains a key player, consuming more than half of the world’s coal. Despite growing renewable energy, coal’s dominance in power generation remains unchallenged. 🔹 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐨𝐫 2024: Production growth may keep prices subdued, even as demand sees a modest rise next year. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞 ➡️ https://lnkd.in/gHEy93iE #CoalMarket #EnergySecurity #ChinaCoal #PriceForecast #EnergyIndustry #RenewableEnergy #SupplyChain #CommodityPrices #globalcoaldemand #CoalpricesinChina #coalproduction #coaluse #coalports #renewableenergysources #coalpricetrends #coalproductioncostreports #coalindustry #coalmarket #coalmarketreport #procurementresource #marketanalysis #marketresearch

🌍📉 𝐍𝐢𝐜𝐤𝐞𝐥 𝐏𝐫𝐢𝐜𝐞𝐬 𝐖𝐢𝐭𝐧𝐞𝐬𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐜𝐥𝐢𝐧𝐞 📉🌍 The 𝐠𝐥𝐨𝐛𝐚𝐥 𝐧𝐢𝐜𝐤𝐞𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 is experiencing a significant downturn, with prices trending downward across major markets. This decline is driven by a mix of factors: 🔸 𝐖𝐞𝐚𝐤𝐞𝐧𝐞𝐝 𝐃𝐞𝐦𝐚𝐧𝐝: Slower growth in industries like stainless steel and EV batteries. 🔸 𝐒𝐮𝐫𝐠𝐢𝐧𝐠 𝐒𝐮𝐩𝐩𝐥𝐲: Increased production from key exporters like Indonesia. 🔸 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐔𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲: Global economic challenges impacting industrial metals. 🌟 𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬? 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬: A chance to secure raw materials at lower costs. 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Potential re-evaluation of strategies in the commodities sector. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬: An opportunity to innovate and capitalize on affordable inputs. ⚡ As the market recalibrates, keeping a close eye on supply-demand dynamics will be key to navigating these changes effectively. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞 ➡️ https://bit.ly/4gN2YCP #stainlesssteelindustry #nickeloremarket #EVbatterysector #nickelprices #nickelproduction #globalnickelmarket #commodities #GlobalMarketTrends #Sustainability

📉 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐏𝐚𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐚𝐜𝐞𝐬 𝐇𝐞𝐚𝐝𝐰𝐢𝐧𝐝𝐬: 𝐃𝐞𝐜𝐥𝐢𝐧𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 & 𝐅𝐚𝐥𝐥𝐢𝐧𝐠 𝐏𝐫𝐢𝐜𝐞𝐬 📉 The 𝐂𝐡𝐢𝐧𝐞𝐬𝐞 𝐩𝐚𝐩𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 is currently grappling with several challenges, as demand continues to decline and paper prices face a downward spiral. 📉📦 🚨 𝐊𝐞𝐲 𝐈𝐬𝐬𝐮𝐞𝐬: 🏭 𝐒𝐥𝐨𝐰𝐢𝐧𝐠 𝐝𝐞𝐦𝐚𝐧𝐝 in key sectors like packaging and printing is putting pressure on manufacturers. 💸 𝐅𝐚𝐥𝐥𝐢𝐧𝐠 𝐩𝐚𝐩𝐞𝐫 𝐩𝐫𝐢𝐜𝐞𝐬 are squeezing margins for paper producers, affecting profitability. 🌏 𝐆𝐥𝐨𝐛𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 such as supply chain disruptions and fluctuating raw material costs further exacerbate the situation. Despite these obstacles, some producers are adapting by exploring innovative solutions and diversifying into higher-value products. The outlook for 2024 remains uncertain, with analysts closely watching both domestic and international market trends. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞 ➡️ https://lnkd.in/g-N7vArK #chinapapermarket #papermarket #paperprices #automotivesector #priceindex #lowerprices #paperfactories #chinesepapermarket #news #procurementresource #internationalmarkettrends

🎄✨ 𝐌𝐞𝐫𝐫𝐲 𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬 𝐟𝐫𝐨𝐦 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞! 🎄✨   As we wrap up this year, we take a moment to celebrate the joy, warmth, and success that this season brings.   At 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞, we are grateful for your trust, collaboration, and support throughout the year. 🌟   May this Christmas bring happiness, prosperity, and new opportunities to you and your loved ones. Here's to a brighter, successful year ahead!   𝐌𝐞𝐫𝐫𝐲 𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬 & 𝐇𝐚𝐩𝐩𝐲 𝐇𝐨𝐥𝐢𝐝𝐚𝐲𝐬! 🎁🎅 #MerryChristmas #HappyHolidays #ProcurementResource #SeasonOfJoy #Gratitude #NewOpportunities #Christmas2024 #HolidayWishes #WarmWishes 🎄✨

🚨 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐆𝐚𝐬 𝐏𝐫𝐢𝐜𝐞𝐬 𝐒𝐮𝐫𝐠𝐞 𝐚𝐬 𝐖𝐢𝐧𝐭𝐞𝐫 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐞𝐬: 𝐀 𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 ❄️ In 2024, 𝐧𝐚𝐭𝐮𝐫𝐚𝐥 𝐠𝐚𝐬 𝐩𝐫𝐢𝐜𝐞𝐬 𝐚𝐜𝐫𝐨𝐬𝐬 𝐀𝐬𝐢𝐚, 𝐄𝐮𝐫𝐨𝐩𝐞, 𝐚𝐧𝐝 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐡𝐚𝐯𝐞 𝐬𝐞𝐞𝐧 𝐝𝐫𝐚𝐦𝐚𝐭𝐢𝐜 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐨𝐟 30% 𝐭𝐨 50%, with further hikes expected in the coming months. This price surge is primarily driven by colder-than-average weather forecasts, expected to dramatically boost heating demand in key regions. 🌍 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 𝐄𝐮𝐫𝐨𝐩𝐞 & 𝐀𝐬𝐢𝐚: Facing tight gas inventories, both regions are scrambling to replenish their stockpiles, adding further pressure to an already strained supply chain. 𝐏𝐨𝐰𝐞𝐫 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐈𝐦𝐩𝐚𝐜𝐭: The rising cost of natural gas is increasing global power generation expenses, contributing to inflationary pressures and posing a potential economic threat, especially in countries like China and Europe. 𝐂𝐨𝐚𝐥 𝐯𝐬. 𝐆𝐚𝐬: With gas prices skyrocketing, there's speculation about a shift toward more coal use despite its higher carbon emissions, as industries seek cost-effective alternatives for power generation. The synchronized cold weather across major markets like China, Japan, and Europe is exacerbating the situation, pushing cities like Seoul, Shanghai, and Tokyo to experience harsher-than-usual winter conditions. In Europe, countries such as Italy and Germany are also facing subnormal temperatures, which is significantly ramping up demand for natural gas and coal reserves. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞 ➡️ https://lnkd.in/g2Q2sVFH #naturalgasprices #globalgasmarkets #Europe #NorthAmerica #China #Japan #globalpowergenerationcosts #Germany #Italy #supplychain #procurementresource #naturalgasproductioncost #naturalgas

Keep up with the latest in the commodities market with The Commodity Compass, our new fortnightly newsletter. Offering essential highlights on price trends and market dynamics, we cover key commodities across F&B, Metals, Chemicals, Energy, and Precious Metals categories. We analyze the drivers behind price shifts and provide insights to help you confidently navigate the ever-changing commodities landscape. #newsletter #thecommoditycompass