Articles By Marcela Caetano

The US Department of Agriculture has slightly reduced its estimate for US soybean production, missing market expectations, while keeping ending stocks in 2024/25 unchanged, the World Agricultural Supply and Demand Estimates (WASDE) report showed on Friday October 11.

Soybean sowing has started in the Brazilian state of Rio Grande do Sul, while wheat harvest is in its early stages but is delayed in comparison to the same period last year, state agency Emater/RS said in a report released on Thursday October 10.

Corn sowing reached 18.6% of the projected sown area of 6.3 million hectares in Argentina, a 4.8 percentage points weekly advance, with rain bringing relief to dry areas in the center of the country, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 10.

Brazil’s soybean crop was once again heading toward a new record, as in previous crop years, despite concerns regarding the lack of rain for sowing to pick up.

Brazilian soybean and corn exports are expected to fall year on year in October, while soymeal shipments are forecast to increase, the country’s grain exporters association Anec said in its weekly report on Wednesday October 9.

The USDA is expected to cut its US soybean production and yield estimates for the 2024/25 year and increase its forecast for ending stocks in its World Agricultural Supply and Demand Estimates (WASDE) report to be published on Friday October 11, a Fastmarkets poll of 10 traders and analysts showed on Wednesday October 9.

Brazilian soybean exports fell by 4.5% in September to 6.1 million tonnes, while corn shipments were 26.6% lower year over year, customs data released on Friday October 4 showed. The country exported 6.4 million tonnes of soybeans a year earlier.

The end of the year will be tricky regarding origination for Brazilian crushing industries, and annual stoppages may take longer than usual due to a lack of soybeans, sources said.

Brazil’s soybean exports totaled 5.5 million tonnes in September 2024, steady compared with the corresponding month last year, while corn exports dropped by 29.2% year on year, Brazilian grain exporters’ association Anec said in its weekly report on Tuesday October 1.

Corn planting advanced slowly in Argentina and reached 10.5% of the projected sown area of 6.3 million hectares amid dry weather, while wheat and sunflower areas could benefit from rain reported this week, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday September 26.

Brazil’s Paraná state agency Deral increased its estimate for soybean production to 22.4 million tonnes in the 2024/25 marketing year from the previous projection of 22.33 million tonnes, it said in a report on Thursday September 26.

Argentina's 2024/25 soybean crop is expected to reach 52 million tonnes, while corn production was forecast at 47 million tonnes, the Buenos Aires Grain Exchange (BAGE) said in its first estimate for the country's new crop on Wednesday September 25.

Argentina's total production of grains and oilseeds in 2024/25 is projected at 143.2 million tonnes, up 9.3% from the previous crop year's 131 million tonnes, the Rosario Grain exchange (BCR) said on Tuesday September 24.

Brazilian grain exporters association Anec slightly increased its estimates for September corn shipments to 6.68 million tonnes, while keeping the soybean exports forecast unchanged, its weekly report showed on Tuesday September 24.

Russian wheat is expected to be the primary beneficiary of the 250,000 tonnes added to Brazil's wheat import quota, which was announced by the Brazilian government at the end of the week to September 20, market participants told Fastmarkets.

Argentina's soybean crush for August posted a major year-on-year gain, but recorded a month-on-month drop, according to data from the Argentina Secretariat of Agriculture, Livestock and Fisheries (Sagyp) released on Friday September 20.

Brazilian soybean exports reached 4.37 million tonnes in the first three weeks of September, while corn shipments amounted to 4.7 million tonnes, according to customs data released on Monday September 23.

Argentina’s Secretariat of Agriculture, Livestock and Fisheries (Sagyp) increased its projection for corn planted area in the 2024/25 by 1.1%, to 9.6 million hectares, while increasing final estimates for last crop year soybean output, according to a monthly report released on Thursday September 19.

US weekly soybean net sales for the 2024/25 crop year were up by 21% to 1.78 million tonnes in the week to September 12, from 1.47 million tonnes in the previous week and above market estimates, the US Department of Agriculture (USDA) reported on Thursday September 19.

Soybean planting for the 2024/25 crop has started in Brazil's Paraná and reached 1% of the 5.8 million hectares projected area in the week to Monday September 16, summer corn sowing reached 46% of the 267,800 hectares projected area, according to state agency Deral’s weekly report released on Tuesday September 17.