Brazil
Brazil’s beef exports to China will be halted starting Thursday after a case of mad cow disease was confirmed in the northern state of Para, the country’s agriculture and livestock ministry said on Wednesday.
This week, a Brazil-based consultancy cut its soybean production estimate for the country by 2.1 million metric tons. Between Brazil and Argentina’s drought-impacted crops, the situation has the market’s attention.
Harvest is underway in South America. Argentina hasn’t seen ideal weather, but it’s a different story for Brazil. AgResource Company’s Dan Basse just returned from Brazil where he got a first-hand look at the crops.
After a week in Mato Grosso, the AgResource team estimates a final yield estimate of 60.3 bu. per acre, which is 8 bu. more than CONAB’s current forecast.
Brazil is a top-five producer of 34 agricultural commodities. As Brazilian farmers start to plant this fall, forecasts show the 2022/23 crop harvest could be the largest ever.
By Nayara Figueiredo SAO PAULO, Feb 22 (Reuters) - U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha
For the upcoming crop season, CONAB forecasts Brazilian farmers will produce more than 300 million tons of soybeans, corn, cotton, rice, wheat and soybeans. That’s an all-time high.
With threats to global food supplies, ag companies are stepping up to ensure wheat has a seat at everyone’s table. Embrapa is taking a shot at filling the wheat void through GMO wheat trials.
Brazil’s second corn crop, also known as the safrinha, is expected to produce a record 3.465 million bushels in the 2021/22 crop season. That’s 45% higher than last year.
“Right now, Ukraine’s grain silos are full,” says David Beasley, executive director of the World Food Programme. “At the same time, 44 million people around the world are marching towards starvation.”