Articles By Marcela Caetano
President-elect Donald Trump’s victory in the US could bring different outcomes across the soybean complex. A potential trade war with China could have several impacts on global commodity markets, especially beans, with Chinese demand potentially shifting to other origins such as South America, sources have told Fastmarkets.
US weekly soybean net sales for the 2024/25 crop year totaled 2 million tonnes in the week to October 31, down by 10% from 2.27 million tonnes the previous week and landing within market estimates, the USDA reported on Thursday November 7.
The USDA is expected to reduce its US soybean production and yield estimates for the 2024/25 crop year and cut its forecast for both global and US ending stocks in its World Agricultural Supply and Demand Estimates (WASDE) report to be published on November 8, a Fastmarkets poll of eight traders and analysts showed on Wednesday November 6.
Export inspections of US soybeans were down 17.8% to 2.15 million tonnes in the week ended Thursday October 31, from the 2.62 million tonnes recorded a week earlier, within the range of analysts’ expectations, data from the USDA showed on Monday November 4.
Soybean sowing reached 10% of the projected area of 6.8 million hectares in Brazil’s Rio Grande do Sul in the week to Thursday October 31, while weather conditions remain favorable for corn crops, state agency Emater/RS said in a report released late on Thursday.
The 2024/25 soybean sowing process has begun in Argentina and has reached 3.3% of the projected area of 19 million hectares, the Buenos Aires Grain Exchange (BAGE) said in its weekly report on Thursday October 31.
The USDA’s attaché in Argentina increased its estimates for the country’s soybean output in the 2024/25 marketing year by 1 million tonnes to 52 million tonnes, while also increasing its harvested area and soybean crush forecasts, a report released late on Wednesday October 30 showed.
US weekly soybean net sales for the 2024/25 crop year rose by 6% in the week to October 24, to 2.27 million tonnes from 2.1 million tonnes million tonnes the previous week, landing within market estimates, the US Department of Agriculture reported on Thursday October 31.
Brazil’s soybean crop in 2024/25 is forecast at a record 167 million tonnes, up by 9% year on year, as the sowing delay should not compromise crop development and rain should allow for it to pick up, while corn output is expected to increase by 3 million tonnes to 125 million tonnes, Rabobank said in a report on Wednesday October 30.
Brazilian corn exports amounted to 5.3 million tonnes in the first four weeks of October, ended on Friday October 25, while soybean shipments totaled 3.9 million tonnes in the same period, customs data showed on Tuesday October 29.
Brazilian grain exporters association Anec reduced its estimates for the country’s October soybean and corn exports to 4.57 million tonnes and 5.9 million tonnes respectively, the association said in its weekly report on Tuesday October 29.
The Fishing and Maritime Cabotage Skippers’ and Officials’ Center (Centro de Patrones y Oficiales Fluviales de Pesca y de Cabotaje Marítimo) in Argentina has announced that it will join the transport stoppages in the country on Wednesday October 30, interrupting the loading of cargoes at ports.
Argentina's wheat exports are expected to reach 13.3 million tonnes in 2024/25, up by 73% from 7.7 million tonnes in 2023/24, and could be the second highest in history, the Rosario Grain Exchange (BCR) said late on Friday October 25.
Soybean sowing reached 3% of the projected area of 6.8 million hectares in Brazil’s Rio Grande do Sul in the week to Thursday October 24, while wheat harvest picked up as producers took advantage of dryer weather between rainy periods, state agency Emater/RS said in a report released late on Thursday.
The USDA attaché in Brazil increased its estimate for the country's 2024/25 soybean crop by 1 million tonnes to 161 million tonnes and projected record soybean exports next year at 102 million tonnes, a report showed late on Wednesday October 23.
US weekly soybean net sales for the 2024/25 crop year totaled 2.1 million tonnes in the week to October 17, up by 26% from 1.7 million tonnes the previous week and landing within market estimates, the US Department of Agriculture reported on Thursday October 24.
Argentina's soybean crush rose 116% year over year in September to 4.1 million tonnes, according to data from the Secretariat of Agriculture, Livestock and Fisheries (SAGyP) released on Monday October 21 — the highest level recorded in September in data going back to 2015.
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.