Articles tagged under: South America

Even With Erratic Weather, Brazilian Production Rises

Published November 9, 2023

CONAB is forecasting Brazilian soybean production at 162.4 million metric tons, up more than five percent from last year. "They increased the area 110,000 hectares from last month," explained Soybean and Corn Advisor President Michael Cordonnier  Brazil is faced with localized…
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Weather Worries

Published October 1, 2023

All eyes are on South American weather. Nutrien Ag Solutions Senior Science Fellow Eric Snodgrass says at least two inches of rain is needed before planting can begin. "The long-range forecast says they should have enough moisture to get it…
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China Transitions to South America for Soybeans

Published February 10, 2023

February is typically the time of year when the pace of U.S soybean exports begins to slow with the South American crop becoming available. Midwest Market Solutions President Brian Hoops says cancellations have happened. "China probably canceled some soybean purchases,…
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Exports Influenced by Strong U.S. Dollar

Published July 8, 2022

The U.S. dollar is at a 20-year highs, slowing global demand for grains. "I think the bigger impact is when we start looking at competing against South America and their production," said AgMarket.Net market analyst Jacob Burks. Monetary policy will…
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U.S. Soybean Exports Still Strong

Published April 24, 2022

U.S. soybean exports remain strong in a time when South American production should be coming to market. Advance Trading Commodity Research Analyst Brian Basting is researching the contra-seasonal export pace of soybeans. "The full realization of those smaller crops, especially…
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South American Crop Forecast

Published April 8, 2022

In the April supply and demand report, USDA raised Brazilian corn production two million tons to 116 million metric tons. The adjustment reflects an increased crop production area with no change in the yield expectations. As expected, Brazil’s soybean production…
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Smaller South American Soybean Production Brings Demand to U.S.

Published March 13, 2022

South America’s soybean production outlook is shifting, due to dry conditions. U.S. Soybean Export Council CEO Jim Sutter says 10 and 20 percent of the crop soybean crop has been lost. "That situation is shifting demand back, counter-seasonally to the…
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Argentina Tries to Hold Onto Soybean Supplies

Published March 13, 2022

Argentina’s drought is having a major impact on their soybean crop. Over the weekend, Argentina’s agricultural ministry suspended soybean oil and meal export registrations. Now, export taxes will be raised for the world’s largest exporter of soybean meal and oil.
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