Brazil
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.”
The end of the South American monsoon has come earlier than average this year due to La Niña. The drier finish on the Safrinha crops will limit their yield potential.
USDA will give an updated look at supply and demand in the April WASDE report. From Ukraine to South America, Joe Vaclavik discusses possible supply and demand adjustments in Friday’s report.
Volatility is here to stay in the grain markets — but so could higher prices.
AgResource Company released the latest soybean crop production estimate for Brazil, showing a crop size of 119.5 MMT. A recent crop tour shows the weather took a major toll on the crop in the Southern portion.
China has agreed to resume imports of Brazilian beef following more than three months of suspension due to two atypical cases of Bovine Spongiform Encephalopathy (BSE) were discovered in Brazil.