There’s a rather wide difference between the United States Department of Agriculture and its Brazil counterpart, Companhia Nacional de Abastecimento (Conab) when it comes to Brazil soybeans.
USDA, Conab widely differ on Brazil soybeans
USDA holds steady on Brazilian production estimates
Soybean and corn production in Brazil remains uncertain after a pair of conflicting reports released April 11.
Louis Dreyfus withstands commodity price drop to post stable profits
While less chaotic than 2022, war and weather continued to disrupt supply last year
Louis Dreyfus Company's (LDC) profits last year held close to the bumper levels of 2022, with the agricultural commodity giant saying its global trading network helped it withstand falling prices.
USDA raises U.S. carryout, tightens Brazilian production
World wheat carryout estimate downgraded, but well above previous year
Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.
U.S. grains: Soy, corn futures end higher after setting multi-year lows
Beneficial rains have eased concerns about crop damage in Brazil from drought
Chicago Board of Trade soybean futures dropped to their lowest level in more than two years on Thursday and corn futures set a three-year low before the markets turned higher on short covering and technical buying, analysts said.
U.S. grains: Soy futures drop near two-year low, corn sets three-year low
Wheat ended nearly unchanged after touching seven-week low on Tuesday
Chicago Board of Trade soybean futures tumbled near a two-year low on Wednesday as Brazilian crops benefited from improved weather and challenged U.S. exports on the global market, analysts said.
CBOT weekly outlook: USDA estimates, weather pulling prices down
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17.
U.S. grains: Corn plunges on robust supplies, sluggish US demand
Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield
Chicago corn futures plunged to a three-year low on Friday after the U.S. Department of Agriculture reported that U.S. corn stocks swelled to their highest levels since 2018
StoneX slashes Brazil soy outlook
Reading Time: 2 minutes Agribusiness consultancy StoneX on Jan. 2 cut its estimate for Brazil’s soybean crop in 2023-24 due to lack of rain in key farmlands. It now forecasts a 152.8 million tonne harvest, down from its previous estimate of 161.9 million tonnes. The cut means StoneX no longer forecasts a record crop in Brazil, the world’s largest […] Read more
USDA Brazil attaché cuts soybean projections for 2023/24
Several firms have dropped Brazil soybean projections on seeding delays, weather
With Brazil having faced opposing weather extremes, there’s little surprise the United States Department of Agriculture attaché cut their soybean production estimate for 2023/24. The Brasilia desk reduced its call from a record 162 million tonnes to 158.5 million in its latest report.
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