Tag: soybean

• Monday, April 22nd 2024 - 12:28 UTC

  Downward revision reported for Argentine 2024 agricultural exports

  

  Argentina's 2024 exports of soybean, corn, wheat, sunflower, and barley have been projected to reach barely US$ 29.3 billion, which would represent a US$ 5.7 billion recovery from 2023 but a US$ 1.7 billion slump compared to the last five years' average, the Grain Stock Exchange in Rosario (BCR) announced in its latest Guía Estratégica para el Agro (GEA) report. The new figures represent an 18% downward revision from December's calculations.

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• Tuesday, August 29th 2023 - 06:34 UTC

  Brazil manages record soybean exports, at lower prices, but much will now depend on the US crop

  

  Despite the slow pace of soybean trade in the past five years, the first seven months of 2023 have seen Brazil achieve a record volume of exports, reaching over 70 million tons, as reported by the country’s National Supply Company (Conab) last week.

• Thursday, June 29th 2023 - 08:19 UTC

  Brazil declares a record harvest of soy beans, 156 million tons in 2023

  

  The Brazilian Association of Vegetable Oil Industries (Abiove) reported that the soybean harvest in Brazil, already completed in 2023, exceeded expectations, leading to an upward revision in export forecasts for soybean grain, meal, and oil this year. Soy remains Brazil’s primary export product.

• Monday, April 10th 2023 - 12:54 UTC

  More dramatic estimates from Argentine agriculture and soy crop

  

  The Safras & Mercado consultancy revised Argentina's soybeans production estimate for 2022/2023 of some 24.8 million tons, dramatically down from the previous forecast in March of 31.4 million tons.

• Wednesday, March 29th 2023 - 10:46 UTC

  Boom year for Brazilian farmers with record soybean crop and drought punishing Argentine production

  

  Brazil’s soybean output and exports in 2023 will be higher than expected, Brazilian oilseed lobby Abiove announced this week, as local farmers harvest a bumper crop. Abiove now estimates Brazil’s soy production at a record 153.6 million tons, one million more than the last projection last January.

• Tuesday, March 28th 2023 - 11:11 UTC

  Argentina becoming net importer of soybean to feed its grain processing industry

  

  Argentina’s soybean imports are expected to more than double this season due to the devastating impacts of the historic drought on the country’s 2022/23 harvest, the country’s Rosario grains exchange said in a report.

• Wednesday, January 18th 2023 - 10:40 UTC

  Paraguay trade deficit reached US$ 1,3billion in 2022 speared by a 16,1% increase in imports

  

  Mercosur junior member Paraguay ended 2022 with a negative trade balance of US$ 1,288.9 million, as a result of a 16,1% increase in total imports according to the country's Central Bank, BCP.

• Saturday, December 17th 2022 - 07:09 UTC

  Fears of a record breaking global soybean harvest, and insufficient demand

  

  Brazil is on track for a record-high Brazilian soybean harvest in the marketing year 2022-23 (January-December 2023), based on forecasts from commodity consultancies and government-owned institutions. The likely estimate means a looming oversupply expected to remain until at least mid-2023.

• Wednesday, December 14th 2022 - 09:19 UTC

  China takes 52,5 million tons of Brazilian soy in eleven months of 2022

  

  In the eleven months of 2022, China imported 52.464 million tons of soybeans from Brazil, according to data from the latest Foreign Trade Secretariat (Secex), a department of the Ministry of Economy.

• Monday, November 28th 2022 - 10:59 UTC

  Argentine producers want unreined dollars, not “traps”

  

  Argentine rural producers have voiced their rejection of Super Economy Minister Sergio Massa's proposal to create a reload version of the soybean dollar and insisted on the need to leave currency exchange free.