Brazil on pace for record corn production, exports
Corn exports from Brazil have increased by 221% in the first half of 2022 as importers seek to replace Ukrainian corn that isn’t making it to market due to the ongoing war with Russia.
China expected to import less soybeans
Slower economic growth, high prices and COVID-related restrictions have lowered China’s soybean import expectations for 2021-22, according to a report from the US Department of Agriculture’s Foreign Agricultural Service (FAS)
Argentina grain exports stymied by trucker protest
Loaded grain trucks were not getting to Argentina’s largest port on June 29 as a truck driver protest against high fuel prices brought the country’s agricultural exports to a near standstill, Reuters reported.
Russia may switch grain export tax to rubles
Russia is considering a gradual switch for state export taxes for grains and sunflower seeds from US dollars to rubles at the behest of commodities traders.
Grain market review: Wheat
World wheat markets are at their highest price levels since 2008 as reduced supplies, held back by the conflict in Ukraine, a move by India to limit shipments abroad, and the weather.
Brazil corn production revised upward
Brazil is projected to harvest a larger second corn crop this year as timely rainfall has lessened the severity of drought in the South American country.
Brazil’s soybean production facing fertilizer challenges
Brazil is expected to slow its soybean planting expansion in 2022-23, with just a 0.5% increase year-over-year, down from the 3.8% annual growth rate last year.
Argentina farmers dealing with uncertainty
The upcoming presidential election and troubling economic conditions have cast a cloud of uncertainty over Argentina grain and oilseed producers entering the 2019-20 crop season, according to an April 11 Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA). The report noted that during the 2018-19 marketing year, producers experienced a sudden...
Brazilian corn production on the upswing
Expanded acreage and good weather during the safrinha growing season is expected to increase Brazil’s 2018-19 corn production by 18% over the previous market year. That trend is expected to continue into the next year, according to an April 8 Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department...