Brazil
Jon Scheve discusses the likelihood of a market rally, and what needs to happen for it to become a reality.
Ag economists have little doubt Brazil will remain the world’s top exporter of soybeans, but with potential safrinha corn production problems, economists aren’t confident Brazil can hang on to the top spot in corn.
What caused the price pressure again this week? Naomi Blohm of Total Farm Marketing by Stewart-Peterson and John Payne of hEDGEpoint Global join U.S. Farm Report to discuss what the market is watching.
Pay attention to the national corn yield, the number of planted corn acres and Brazil’s corn and soybean crops.
Brazil is seeing a sudden shift in weather with heavy rains now forecasted over the next two weeks. While it will bring relief to drought areas, it could cause harvest delays and issues planting the safrinha corn crop.
According to the meteorologists at BAMwx, the upcoming month in Brazil could be comparable to this past August for U.S. soybeans.
Analysts say it’s go-time for the impacts of South American weather, but Argentina’s new president, and major policy changes, also spooked the markets this week. Chip Nellinger and Brian Grete explain why.
AgResource Company forecasts 80% of the soybean crop is planted as of today, but for some farmers it’s been a year of replant for both corn and soybeans.
Fields in central Brazil are baking in high temperatures and low levels of moisture. One meterologist says farmers there are now questioning whether they will plant their second corn crop, the so-called safrinha crop.
The focus of the soybean market continues to be South American weather and crop expectations. Jerry Gulke says whether or not forecasted rains occur will set the direction for the market into next week and beyond.
Recent WASDE reports had assumed another record Brazilian soybean crop and Argentina returning to normal, but the El Niño weather pattern might have something to say about that.
Let this sink in: One state in Brazil — Mato Grosso — produces the equivalent of Illinois and Iowa’s soybean production combined. Here’s a look at South America’s growing regions, crop calendar and production capacity.
Weather in Brazil is as big of a market mover as forecasts in the U.S. Why has Brazil grown so aggressively? One economist recently spent six months in Brazil and says a combination of factors is aiding their growth.
We have gradually resigned ourselves to Brazil being the leader, but last year they also took the top spot for corn exports, a tougher fact to swallow. There is more going on for the 2023-2024 growing season in Brazil.
Brazil briefly wore the global corn export crown in 2012 because of the U.S. drought. With the ability to churn out three corn crops per year and a supply deal with China, Brazil might be set to maintain that title.
The 2022/23 crop season could post two records in Brazil: a record 313 million tons of soybeans, corn, cotton, rice and wheat and a record storage deficit of more than 100 million tons.
It didn’t start with the swing of an ax in the Amazon or by an explosion in Kiev. Both contributed, but the shifts in global grain flows is a multifaceted prism through which the future is continuing to evolve.
Grain farmers might have started their Cinco de Mayo celebration early on Friday, with grain prices seeing some big gains.
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.”
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.