Articles By Marcela Caetano
Brazil's Rio Grande do Sul wheat cropis projected at 4.06 million tonnes for 2024 , a 55.27% increase from 2.6 million tonnes in the previous crop year, state agency Emater/RS said in its first estimate for the winter crop on Friday June 28.
The Argentine Oilseed Crushers Union (SOEA) announced another strike in Argentinean port units on Thursday June 27 to protest the “Ley de Bases y Puntos de Partida” labor reform law and new tax rules, which will affect the ports of Rosario, San Lorenzo and Bahia Blanca.
Argentina crushed 3.97 million tonnes of soybeans in May, up by 13.6% from a year earlier, but the share of imported soybeans remained high even at the peak of the harvest, reflecting higher availability from Paraguay and lower-than-expected domestic farmer sales.
US soybean weekly export sales were down by 49% in the week to June 20 at 282,900 million tonnes from the previous week’s 556,500 tonnes, the US Department of Agriculture reported on Thursday June 27.
The second corn crop harvest in the Brazilian state of Paraná reached 42% of the 2.4 million-hectare sowed area, an advance of 13 percentage points, in the week to Monday June 24, state agency Deral’s weekly report showed on Tuesday June 25.
Brazil’s grain exporters association Anec reduced its June soybean export forecast to 14.5 million tonnes from the previous estimate of 14.8 million tonnes, but the projection remains a record for the month despite the reduction, the association said in its latest report released on Tuesday June 25.
Brazilian soybean exports amounted to10.9 million tonnes in the first three weeks of June, with soyoil exports improving and corn shipments at slow pace, customs data showed late on Monday June 24.
Export inspections of US soybeans were up by 0.3% to 342,293 tonnes during the week to Thursday June 20, compared with the 341,170 tonnes recorded a week earlier, data from the US Department of Agriculture showed on Monday June 24.
The US has allowed the import of used cooking oil (UCO) from Brazil, the South American country's government announced on Thursday June 20 after the US accepted Brazil's international sanitary certification.
US soybean weekly export sales were up by 48% in the week to June 13 at 556,500 million tonnes from the previous week’s 377,100 tonnes, the USDA reported on Thursday June 21.
The Buenos Aires Grains Exchange (BAGE) increased its wheat sowing area estimates for Argentina by 100,000 hectares, to 6.3 million ha, since improvements in grain and input prices have stimulated wheat sowing in key areas in the central and southern part of the agricultural area, the exchange said in its weekly crop report update.
Argentina’s government no longer requires an export license application (DJVE) for 40 products such as rice corn oil, popcorn and wheat bran, according to a resolution published by the country’s bioeconomy secretariat on Wednesday June 19.
Brazil’s grain exporters association Anec raised its June soybean export forecast to 14.8 million tonnes, which would be a June record; soymeal shipment projections were also increased, the association said in its latest report released on Tuesday June 18.
The Brazilian Association of Vegetable Oil Industries (Abiove) reduced its estimate for the country’s soybean crop output in 2023/24 to 152.5 million tonnes, down by 1.4 million tonnes from the previous forecast of 153.9 million tonnes, its monthly report showed on Tuesday June 18.
Soybean crush volumes in Brazil’s largest agricultural-producing state, Mato Grosso, reached a monthly record of 1.16 million tonnes in May, the state’s agriculture institute IMEA said in its weekly bulletin late on Monday June 17.
Brazilian soybean exports totaled 7.3 million tonnes in the first two weeks of June, with wheat exports advancing year on year while corn and soyoil exports lagged, customs data showed late on Monday June 17.
US soybean crush totaled 183.6 million bushels in May, a 3.2% year-over-year increase and a May record, the country’s National Oilseed Processors Association (NOPA) showed on Monday June 17.
Argentina's wheat production is expected to reach 21 million tonnes in 2024/25, up 44.8% from last year's 14.5 million tonnes, the Rosario Grains Exchange (BCR) said in its monthly report on Thursday June 13, in its first estimate for the country's new wheat crop.
Brazil’s food agency Conab increased its second corn crop production forecast and decreased its soybean output estimates in its monthly supply and demand estimates update for the 2023/24 crop year, released on Thursday June 13.
Brazil’s soybean forward sales for the 2023/24 crop year reached 65.7% of the country’s 147.6 million tonne estimated crop by the end of May, a monthly gain of 13.7 percentage points, local consultancy Datagro said on Wednesday June 12.