Articles By Marcela Caetano
The USDA cut its forecast for Brazil’s old crop soybean crop, but not by the extent that market participants anticipated, and it pegged global and US ending stocks for 2023/24 above expectations, according to its World Agricultural Supply and Demand Estimates (WASDE) report on Wednesday June 12.
The president of the Brazilian Senate, Rodrigo Pacheco, announced on Tuesday June 11 that part of the provisional legal act regarding the use of accumulated tax credits from the PIS/Cofins tax would be returned to the executive branch following intense backlash from the country’s industry, including the agricultural sector.
Brazil’s grain exporters association Anec raised its soybean export estimates for June by 1.7 million tonnes to 13.7 million tonnes; soymeal and corn projections were also increased, the association said in its latest report released on Tuesday June 11.
Brazilian soybean exports totaled 3.6 million tonnes in the first week of June, while in the whole month last year, the country sent abroad 13.7 million tonnes, customs data showed late on Monday June 10.
Soybean and corn harvests are nearing completion in Brazil´s Rio Grande do Sul, on the back of sunny weather which has allowed fieldwork to advance, according to a report by state agency Emater/RS on Thursday June 6.
Brazilian soybean and soy product markets stalled on Wednesday June 5, with market participants reassessing margins after the government changed key tax credit rules.
US soybean net export sales for the 2023/24 crop year totaled 189,600 tonnes in the week to May 30, down by 43% from the previous week’s 329,400 tonnes, data from the US Department of Agriculture showed on Thursday June 6.
Brazilian soybean exports totaled dropped by 7.3% year on year in May, and are also expected to post another decline in June, the country´s grain exporters association Anec said in its latest report released on Wednesday June 5.
Soybean crop losses in Brazil’s Rio Grande do Sul amounted to 2.7 million tonnes due to floods in early May, the state agency Emater/RS said in a report released on Tuesday June 4.
Soybean crop loss in Brazil´s Rio Grande do Sul is calculated at an average 1.8 million tonnes, reducing the country´s soybean output projection to 148.4 million tonnes after the state was hit by heavy rains and flooding in early May, local consultancy Céleres said on Monday June 3.
With Argentina’s corn exports to China set to begin in July, analysts and market participants project a slow start with minimal immediate effect, but long-term ramifications remain uncertain and could become more significant starting from the next crop.
US soybean net export sales for the 2023/24 crop year amounted to 329,400 tonnes in the week to May 23, up by 18% from the previous week’s 279,400 tonnes, data from the US Department of Agriculture showed on Friday May 31.
The second corn crop harvest in the Brazilian state of Paraná advanced by 2 percentage points in the week to Monday May 27 to 4% of the sowed area...
Brazil’s grain exporters association Anec reduced its estimates for the country’s soybean, soymeal and corn exports in May...
Brazilian soybean exports totaled 11.2 million tonnes in the first four weeks of May, 39% lower than the 15.58 million tonnes sent abroad in the full month of May 2023...
Corn harvest in Mato Grosso, Brazil’s main agricultural-producing state, reached 1.94% of the 6.9-million-hectare sowed area in the week to Friday May 26...
Brazilian 2023/24 soybean crop output was cut to 147.57 million tonnes from 147.9 million tonnes due to floods in the state of Rio Grande do Sul...
The excess rain and soil humidity hindered the advance of soybean harvest in the Brazilian state of Rio Grande do Sul, according to a report by state agency Emater/RS on Thursday May 23.
US soybean net export sales for the 2023/24 crop year totaled 279,400 tonnes in the week to May 16, up by 5% from the previous week’s 428,900 tonnes, data from the US Department of Agriculture showed on Thursday May 23.
Brazil´s second corn crop is expected to reach 96.7 million tonnes, down by 10.7% year on year due to lower estimates for Mato Grosso do Sul and Paraná, local consultancy Agroconsult said on Wednesday May 22.