Articles By Marcela Caetano
Argentina’s Secretariat of Agriculture, Livestock and Fisheries (SagyP) increased its soybean sowed area estimate to 18 million hectares, up by 0.6% from the previous month’s 17.9 million ha forecast for the 2024/25 crop, while keeping corn and wheat estimates unchanged, its monthly report showed on Thursday December 19.
US soybean net sales rose by 21% to 1.4 million tonnes in the week to Thursday December 12, compared with 1.17 million tonnes the previous week, but 27% lower than the prior four-week average, weekly data from the USDA showed on Thursday December 19.
Brazilian grain exporters association Anec increased its estimates for December soymeal, corn, soybeans and wheat in its weekly report on Tuesday December 17.
Brazilian corn exports amounted to 2.37 million tonnes in the first two weeks of December, while soybean exports advance was slow, with 953,876 tonnes shipped in the first half of the month, customs weekly data showed on Monday December 16.
The Brazilian Association of Vegetable Oil Industries (Abiove) increased its estimates for Brazil’s soybean output in 2024/25 by 1 million tonnes to 168.7 million tonnes and raised its 2025 soybean export forecast to 104.4 million tonnes, both record volumes, while also elevating its projection for soyoil exports, Abiove’s monthly report showed on Thursday December 12.
Brazilian food agency Conab has trimmed its estimate for the country's total corn crop in 2024/25 to 119.63 million tonnes while marginally increasing its projection for soybean output to 166.2 million tonnes, its monthly report showed on Thursday December 12.
US soybean net sales plummeted by 49% to 1.17 million tonnes in the week to December 5, from the previous week’s 2.3 million tonnes, and by 42% from the prior four-week average, landing below market projections, weekly data from the USDA showed on Thursday December 12.
Farmers in Brazil’s largest agricultural-producing state of Mato Grosso sped up the pace of forward sales of soybeans and corn in November, backed by higher prices, good soybean crop conditions and the need to raise funding to lock in input costs for the second corn crop, Mato Grosso’s agriculture state agency IMEA said late on Monday December 9.
The US Department of Agriculture has kept its US soybean ending stocks estimate unchanged while increasing its global forecast, the World Agricultural Supply and Demand Estimates (WASDE) report showed on Tuesday December 10.
Brazilian grain exporters association Anec increased its estimates for soybean, corn, soymeal and wheat in its weekly report on Tuesday December 10.
Brazilian corn exports totaled 1.17 million tonnes in the first week of December, while soybean exports totaled 665,672 tonnes, customs weekly data showed on Monday December 9.
Brazilian corn exports amounted to 4.7 million tonnes in November, down by 36.2% year on year, while soybean shipments fell by 50.9% to 2.5 million tonnes, official customs data showed.
The EU and Mercosur — the trade bloc that includes Argentina, Brazil, Paraguay and Uruguay — announced on Friday December 6 the end of negotiations for the free-trade agreement between the blocs, but questions linger about the potential impacts on trade flows of agricultural products.
Brazilian soybean export estimates are expected to reach 97.1 million tonnes in 2024, below the previous forecast of 98 million tonnes, while corn shipments are projected to reach 37.6 million tonnes, also below the forecast of 39.5 million tonnes from last month, Brazilian grain exporters’ association Anec said in its weekly report on Thursday December 5.
US soybean net sales fell by 7% to 2.3 million tonnes in the week to November 28 from the previous week’s 2.5 million tonnes, but up 17% from the prior four-week average and landing at the higher end of market projections, weekly data from the USDA showed on Thursday December 5.
Brazil’s Mato Grosso agricultural state agency IMEA increased its estimate for the state’s second corn crop area by 0.7% to 6.84 million ha from the previous month’s forecast, and its production output by 0.68% to 45.8 million tonnes, while keeping its estimates for the 2024/25 soybean crop unchanged, IMEA’s weekly report showed on Monday December 2.
Brazil is expected to set new records in the 2024/25 crop year, with soybean output projected at 172.2 million tonnes, exports at 103.4 million tonnes and crushing at 56 million tonnes, data from local consultancy Agroconsult showed on Thursday November 28.
Brazilian corn production is expected to reach 132.7 million tonnes in 2024/25, up by 3.5% from the previous year's crop of 128.2 million tonnes, with the second corn crop (safrinha) sowed area projected at 17.8 million hectares, an all-time high, data from local consultancy Agroconsult showed on Thursday November 28.
US soybean net sales surged by 34% to 2.5 million tonnes in the week to November 21, from the previous week's 1.86 million tonnes, a marketing-year high, landing above market projections, while exports fell by 15%, weekly data from the USDA showed on Friday November 29.
Brazil’s Paraná state agency Deral has trimmed its estimates for the 2024/25 soybean production to 22.3 million tonnes from the previous 22.4 million tonnes forecast, while slightly reducing its summer corn and wheat output projection, its monthly report showed on Thursday November 28.