Articles By Marcela Caetano
Brazilian corn exports reached 3.9 million tonnes in the first three weeks of October, while soybean shipments reached 2.9 million tonnes, customs data showed on Monday October 21.
Argentina’s soybean sowed area is expected to increase by 7.2% in 2024/25 crop, to 17.8 million hectares, due to a lower planted corn area, country's Secretariat of Agriculture, Livestock and Fisheries (SagyP) said in its first estimate for the soybean new crop on Thursday October 17.
Wheat harvest has reached 3% of the 1.3-million-hectare projected area in Brazil’s Rio Grande do Sul, advancing slowly amid weather concerns, while soybean sowing remains below 1%, state agency Emater/RS said in a report released on Friday October 17.
US weekly soybean net sales for the 2024/25 crop year reached 1.7 million tonnes in the week to October 10, up by 35% from 1.26 million tonnes the previous week, landing within market estimates, the US Department of Agriculture reported on Thursday October 18.
Corn and sunflower sowing and wheat crop conditions improved in the week to October 16 amid significant rain reported in the past few days, the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday October 17 showed.
The Brazilian Association of Vegetable Oil Industries (Abiove) increased its 2024 estimates for soymeal and soyoil exports to 22.1 million tonnes and 1.3 million tonnes respectively, while also projecting an increase in soybean imports for the year, its monthly report showed on Thursday October 17.
Soybean crushing in Brazil’s largest agricultural-producing state, Mato Grosso, reached 910,540 tonnes in September and a record volume so far in 2024, the state’s agriculture institute IMEA said in its weekly bulletin late on Monday October 14.
Brazilian grain exporters association Anec raised its estimates for corn and soybean exports in October to 6.2 million tonnes and 4.3 million tonnes, respectively, the association said in its weekly report on Tuesday October 15.
Brazilian food agency Conab has slightly reduced its estimate for the country's soybean crop in 2024/25 to 166.05 million tonnes from the 166.3 million tonnes projected in September, and corn output was adjusted to 119.7 million tonnes from the previous 119.8 million tonnes forecast, according to a report on Tuesday October 15.
Brazilian corn exports reached 2.5 million tonnes in the first two weeks of October, while soybean shipments amounted to 1.8 million tonnes, according to customs data released on Monday October 14.
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.