Articles By Marcela Caetano
The USDA attaché in Argentina has projected that the country´s corn output in 2024/25 will total 49 million tonnes, 2 million tonnes lower than USDA estimate, while wheat production was forecast at 18.6 million tonnes, 600,000 tons higher than USDA’s official estimate, according to a report published late on Thursday July 25.
US weekly 2023/24 soybean net sales fell by 61% in the week ended July 18 to 88,600 tonnes from the previous week’s 360,100 tonnes. This was below market expectations and down by 63% from the previous four-week average, the US Department of Agriculture reported on Thursday July 25.
Brazil’s second corn crop safrinha harvest reached 79.6% of the 16.2 million hectare projected area, a 5.4 percentage point advanceand ahead of the 47.9% completion rate seen at the same period of 2023. in the week to Sunday July 21, national food agency Conab said late on Monday July 22.
Brazilian grain exporters association Anec reduced its July soybean export estimates to 10.4 million tonnes from last week´s 10.7 million tonnes forecast, its latest weekly report showed on Tuesday July 23.
Argentina crushed 3.96 million tonnes of soybeans in June, up by 31.3% from the 3 million tonnes from a year earlier, data from Argentina’s Secretariat of Agriculture Livestock and Fisheries (SAGyP) released late on Friday July 19.
Brazilian soybean exports remain strong in July, while corn, soymeal and soyoil exports continue at a slower pace in a year-over-year comparison, customs data showed late on Monday July 22.
The Brazilian government has suspended the country’s exports of poultry meat to China — its main importer — on Friday July 19, as well as restricted shipments for another 43 countries after the confirmation of a case of Newcastle disease in a commercial poultry production unit in the state of Rio Grande do Sul.
US weekly soybean net sales rose by 73% in the week ended July 11 to 360,100 tonnes, from the previous week’s 208,000 tonnes. This was within market expectations and was up by 13% compared with the previous four-week average, the US Department of Agriculture reported on Thursday July 18.
Brazilian grain exporters association Anec increased its July soybean export forecast to 10.7 million tonnes from the previous estimate of 10.3 million tonnes, its latest weekly report showed on Wednesday July 16.
The Brazilian Association of Vegetable Oil Industries (Abiove) raised its estimate for the country’s soybean crop output in 2023/24 to 153.2 million tonnes, a 700,000-tonne increase from last month’s 152.5 million tonnes projection, its monthly report showed on Tuesday July 16.
Brazilian soybean exports kept at a strong pace in July, while corn shipments struggled to keep up with last year’s figures, customs data showed late on Monday July 15.
The Rosario Grains Exchange (BCR) has cut its estimates for Argentina’s wheat crop area, leading to a reduction in the country’s output to 20.5 million tonnes from last month’s forecast of 21 million tonnes, the exchange said in its monthly report on Friday July 12.
The USDA cut its forecast for US ending stocks for 2024/25 below expectations, while reducing US soybean crop output in line with the average market projections, its World Agricultural Supply and Demand Estimates (WASDE) report showed on Friday July 12.
Wheat planting for the 2024/25 crop year advanced by 7.6 percentage points during the week to Wednesday July 10 in Argentina to 92.9% of the projected area of 6.3 million hectares, as crops start to show damages caused by severe winter, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday July 11.
Brazil’s food agency Conab raised its second corn crop production forecast to 90 million tonnes for the 2023/24 crop year in its monthly supply and demand report released on Thursday July 11.
US weekly soybean export sales dropped by 9% in the week to July 4 to 208,000 tonnes, from the previous week’s 228,400 tonnes, and by 40% from the previous four-week average, the US Department of Agriculture reported on Thursday July 11.
Brazilian soybean and soyoil exports started the month at a strong pace, while corn shipments were taking longer to pick up, customs data showed late on Monday July 8.
Sales of Argentine old crop and new crop soybeans declined in the week to June 26, while corn sales were up and wheat was mixed, according to data released by Argentina’s agriculture secretariat on Wednesday July 3.
US weekly soybean export sales slipped by 19% in the week to June 27 to 228,400 million tonnes from the previous week’s 282,900 tonnes, the US Department of Agriculture reported on Friday July 5.