Articles tagged under: Brazil
Traders Focused on Brazil Planting Progress
Published February 22, 2023
Traders continue to watch harvest and second crop corn planting progress in Brazil. Loewen and Associates market analyst Matt Hines says the pace continues to lag. "They're around 25-30 percent complete right now, but typically this time of year they're…CONAB Drops Brazil’s Safrinha Corn Crop Estimate
Published February 10, 2023
CONAB says Brazil’s farmers will produce a record 152.9 million metric tons of soybeans this season. The Brazilian crop supply agency kept the soybean export forecast steady at 93.9 million tonnes. The second crop corn forecast was reduced slightly due…Record Trade Surplus for Brazil
Published January 3, 2023
Brazil posted a $62 billion trade surplus in 2022. Exports totaled a record $335 billion for the year. That’s up 19 percent from the previous year. The higher prices for agricultural commodities are credited for much of that growth. The…Brazil Extends Ethanol Tariff Suspension
Published December 30, 2022
There’s good news from Brazil for the U.S. ethanol industry. Brazil is suspending the 20 percent ethanol import tariff that was scheduled to expire. The Renewable Fuels Association said it is happy to have extra time to find a permanent…Two Sides to South American Crops
Published December 2, 2022
The Northern Ag Expo took place November 29-30. Martinson Risk Management Agency Market Analyst Randy Martinson was one of three experts on a grains outlook panel. Martinson says Brazil's growing conditions are something to be watching. "You can't quite call…Lula Defeats Bolsonaro
Published November 3, 2022
Results of Brazil’s presidential election caused protests to break out and roadblocks were set up throughout the country. President Jair Bolsonaro lost the election by about two percentage points to former President Luiz Inácio Lula da Silva. Besides the short-term…Traders Monitoring Brazil
Published November 3, 2022
Cornbelt Marketing market analyst Sam Hudson says traders continue to watch developments in South America while soybean shipments out of the Gulf struggle. "In a time where we're trying to get as many beans out of the country as we…Soybean Planting Off to a Good Start in Brazil
Published October 21, 2022
Soybean and Corn Advisor President Michael Cordonnier says it was a good week. "The long-term forecast calls for a drier south and wetter eastern Brazil so both areas may get what they want in the next week or two." Dry…Brazil Starts to Plant Soybeans
Published October 10, 2022
While U.S. farmers are harvesting corn and soybeans, Brazilian farmers are starting to plant. Corn and Soybean Advisor President Michael Cordonnier says soybean planting is at least ten percent complete. Brazil is expected to hit another record for corn and…