Articles tagged under: Brazil
Brazil Suspends Soy, Corn Import Duties
Published April 20, 2021
Brazil has suspended import duties on soybeans, corn, soybean meal and soybean oil until the end of the year. The Brazilian agriculture ministry said this decision was due to rising commodity prices and fears of inflation.Pay Close Attention to South America
Published April 14, 2021
NAU Country Vice President of Farm Services Rich Morrison says traders continue to pay close attention to the South American crop for any production and supply issues. "The Brazilian crop estimates have been big. Looking out at the satellite maps…Congestion at Brazil’s Largest Port Worsens
Published March 24, 2021
Brazil normally starts shipping soybeans out of Santos in January, but that window was pushed back due to a late planting and harvest season. Shipments of the new sugar crop are expected to begin in early April. The soybean and…South American Weather Sets the Corn Market Direction
Published March 23, 2021
South American weather will dictate the direction of the corn market. "We're focusing on what goes on in the north, central and eastern parts of Brazil where the big Safrinha crop areas are at where corn got in so late,"…Cordonnier: CONAB Report Doesn’t Reflect Quality Problems
Published March 11, 2021
CONAB, Brazil’s crop supply agency, raised their latest soybean production estimate to more than 135 million tonnes. Soybean and Corn Advisor President Michael Cordonnier says the increase comes from an acreage increase. "They increased acreage 200,000 hectares. It's a big…CONAB Boosts Corn and Soybean Production in Latest Report
Published March 11, 2021
Brazil’s crop supply agency CONAB released their March production report on Thursday. CONAB raising planted soybean acreage by 200,000 hectares and increased soybean production from 133.8 million metric tons to 135.1 million tonnes. Soybean planted area was raised from 38.2…USDA Boosts Brazilian Soybean Production in March Report
Published March 9, 2021
USDA made slight changes to South American production estimates in the March Supply and Demand report. Brazil’s corn production is estimated at 109 million tonnes, unchanged from February. Brazilian soybean production was raised one million tonnes from February to 134…Grain Markets Caught in a Volatile Trend
Published March 4, 2021
The grain markets remain caught in a volatile sideways trend. Progressive Ag Marketing market analyst Tom Lilja says the pace of Brazil’s harvest and corn planting is underpinning the corn and soybean markets. "Brazil's second crop corn plantings are behind…Brazil Harvest Delays Push Second Crop Corn Planting
Published February 24, 2021
Farmers in northern Brazil are struggling with wet weather and deteriorating crop conditions as harvest lags. Brazilian agriculture consultant Kory Melby says getting the second crop corn planted is a priority. "That is more worrisome than the soybeans, because the…