Articles tagged under: Brazil

Brazilian Production Offsets Argentine Crop Losses

Published March 22, 2023

AgroConsult expects Brazil to export a record 96 million tons of soybeans this year. Soybean production is estimated at 155 million metric tons, up 2 million metric tons from the last forecast. Meanwhile, South American crop consultant Michael Cordonnier is…

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Brazil’s BSE Case Dubbed “Atypical”

Published March 3, 2023

The confirmed Brazilian BSE case has been confirmed as 'atypical.' The discovery on February 20 triggered an automatic ban on Brazilian beef sales to China. Three additional markets, Thailand, Iran, and Jordan, also implemented temporary bans on Brazilian beef. The…

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Brazil Confirms BSE Case

Published February 24, 2023

Beef sales between Brazil and China are suspended while a case of BSE is investigated. China represented 62 percent of Brazilian beef sales last year. Two cases of BSE were confirmed in Brazil in 2021 and exports to China were…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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