Articles By Marcela Caetano
The US Department of Agriculture has slightly reduced its estimate for US soybean production and ending stocks in 2024/25 while projecting higher global production and ending stocks, the World Agricultural Supply and Demand Estimates (WASDE) report showed on Thursday September 12.
Brazil’s food agency Conab slightly increased its corn crop production forecast to 115.72 million tonnes and estimated the country's grain and oilseeds total production at 298.41 million tonnes in 2023/24 in its last report regarding the crop year, released on Thursday September 12.
Brazilian grain exporters association Anec reduced its estimates for soybean exports in September to 5.5 million tonnes while increasing corn shipments estimates to 6.4 million tonnes, its weekly report showed on Tuesday September 10.
The USDA is expected to increase its soybean production estimates for the 2024/25 year, with higher US and global ending stocks for the new crop, a Fastmarkets poll of eight traders and analysts showed on Tuesday September 10.
Brazilian soybean and corn exports started September at a strong pace, with soybean reaching 1.3 million tonnes, while corn hit 1.5 million tonnes, in the first week of the month, customs data released on Monday September 9 showed.
US weekly soybean net sales for the 2024/25 crop year rose by 55.7% to 2.6 million tonnes in the week to August 22, up from 1.6 million tonnes in the previous week and above market estimates, the US Department of Agriculture reported on Thursday August 29.
US weekly soybean net sales for the 2024/25 crop year fell by 36.6% to 1.65 million tonnes in the week to August 29, from 2.6 million tonnes in the previous week and landed within market estimates, the US Department of Agriculture reported on Friday September 6.
The 2024/25 corn sowing has started early in Argentina amid concerns over a lack of rain and the impact of leafhoppers on new crop planted area reduction. The old crop harvest has come to an end, reaching 46.5 million tonnes, reflecting a 25.6% increase from a year earlier, according to the weekly report published by the Buenos Aires Grains Exchange (BAGE) on Thursday September 5.
Brazilian soybean, corn and products exports fell in August, compared to the same month a year earlier, according to customs data released on Thursday September 5.
The Argentine Oilseed Crushers Union (SOEA) has reached an agreement to increase the basic income for workers in the oilseed industry in Argentina by 26%, it announced on Thursday September 5.
Brazilian soybean exports are expected to reach 5.6 million tonnes in September, up 1.4% versus the 5.5 million tonnes exported in the same period a year earlier, while corn shipments continue to lag in comparison to the previous year's figures, according to the weekly report published by Brazilian grain exporters association Anec on Tuesday September 3.
Export inspections of US soybeans were up by 18.4% to 496,860 tonnes in the week to Thursday August 29 from the 419,563 tonnes recorded a week earlier, data from the USDA showed on Tuesday September 3.
Brazil’s soybean 2024/25 soybean crop is expected to reach a record output of 169.9 million tonnes, up by 12% from the 152 million tonnes in the previous marketing year, while corn production was forecast at 134.1 million tonnes, up by 5 million tonnes year on year, local consultancy Céleres said in its first estimate for the new crop on Monday September 2.
Brazil's Rio Grande do Sul soybean production in 2024/25 is expected to rise by 18.59% from the previous crop year to 21.6 million tonnes, while corn production is forecast at 5.3 million tonnes, state agency EMATER/RS said in its first estimate for the new crop year.
A correction has been issued for this report.
Soybean sowing in Brazil’s 2024/25 marketing year will be delayed because of a longer wait for regular volumes of rain, which could reduce the ideal window for the sowing period of the second corn crop, weather and grain analysts said on Wednesday August 28 during the Datagro Abertura de Safra conference.
The prospect of lower prices should not intimidate Brazilian soybean producers in the new crop year — Brazilian consultancy Datagro expects Brazil to harvest an even bigger soybean crop than initially estimated for 2024/25 and has pegged the country’s new soybean crop output at 167 million tonnes.
As the corn harvest entered its final stretch, sunflower sowing began in Argentina, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday August 22.
US weekly soybean net sales for the 2024/25 crop year rose by 24.6% to 1.67 million tonnes in the week to August 15, above the 1.34 million tonnes reported last week, and higher than market estimates, the US Department of Agriculture reported on Thursday August 22.
Argentina crushed 4.38 million tonnes of soybeans in July, up by 71.7% from 2.55 million tonnes a year earlier, according to data from the country’s Secretariat of Agriculture, Livestock and Fisheries (SAGyP) released late on Tuesday August 20.