Articles tagged under: Brazil
Market Prices Are All About Perception
Published February 18, 2022
Total Farm Marketing Senior Market Advisor Brian Doherty says perception is more important to the market than yield estimates of the Brazilian crop size. "You've got the USDA figures, you've got CONAB figures, you've got other private estimate figures. When…CONAB Data Slows Thursday’s Lower Grain Market Move
Published February 11, 2022
Profit taking became the main market feature on Thursday. Global Commodity Analytics and Consulting President Mike Zuzolo thinks Brazil’s CONAB numbers gave the market a reason to not press the market early in session. "Especially given the fact we saw…CONAB Cuts Corn and Soybean Production Estimates
Published February 11, 2022
In its February report, Brazil’s national ag agency, CONAB, cut their soybean production estimate to 125.5 million metric tons for the current growing season. That’s down from CONAB’s January forecast of 140.5 million tonnes. If realized, Brazil’s 21/22 soybean crop…Russian Fertilizer Manufacturer to Purchase Brazilian Oil Company
Published February 7, 2022
Russia’s leading fertilizer company, Acron, is purchasing Brazil’s state-run oil company. Acron and Petrobras have been discussing this possibility since 2018. This announcement is expected to be finalized during Brazilian President Jair Bolsonaro’s trip to Russia next week.Brazil Farmers Hesitant to Sell Soybeans
Published January 25, 2022
China is trying to make the switch to buying mostly Brazilian soybeans, but that hasn't happened yet. StoneX Group Chief Commodities Economist Arlan Suderman says Brazilian farmers don’t want to sell their soybeans yet. "Farmers are bulled up, because of…USDA Lowers South American Production Estimates
Published January 12, 2022
Due to the lingering drought conditions, USDA lowered South America's corn production. Brazilian corn production dropped from 118 million metric tons to 115 million metric tons. Argentina’s corn production is now at 54 million metric tons. USDA reduced Brazil’s soybean…What’s Hot, What’s Not in the Markets
Published January 10, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management analyst Randy Martinson says triple digit temps in South America will stress crops. The export demand pace for wheat is at a historic low.…Brazilian Soybeans Entering Critical Stage of Production
Published December 30, 2021
According to Progressive Ag Marketing market analyst Brian Strommen, Brazil’s soybeans are entering the critical pod fill stage. "This is a timeframe where South American weather becomes more critical. It's something to be watching and there are estimates for a…Melby: Brazil’s Soybeans Are a Tale of Two Crops
Published December 28, 2021
Brazil’s soybean crop continues to vary widely. "Northern Brazil is probably getting too much rain for ideal conditions, but it's a beautiful crop," says Kory Melby, a Brazilian Ag Consultant. "From Parana south, the crop can't catch a rain and…