Prices remain firm.
Three sources report seed arrivals as “25,000”, “30,000- 35,000” and “30,000-40,000” bags per day over the past week. As you may recall, seed arrivals from the previous week as “32,000”, “around 40,000” and “40,000-50,000” bags per day. It is reported that the decline is mainly due to winter season and normal decrease in arrival during this period. Some manufacturers continue to report that the new crop might not be as large as they originally forecasted. So far the revised numbers are down ~10 percent from the original estimate.
The U.S. guar imports for November totaled ~15,200 metric ton. To recap, the previous 10 months (Jan-Oct) totaled 218,000 metric ton to average 21,800 metric ton per month.
Please balance our comments with others.