Brazil’s record soybean crop is only about 25 percent harvested but already, analysts say it is set to make a big impact on the export market.
Experts at Grain Cycles say Brazil’s soybean exports are about to pick up steam, and when they do, they are going to accelerate. The South American country has also already sold some of its first corn crop which they usually hold for feed purposes. Analysts say U.S. growers have until mid-July to get our corn out to market.
USDA’s Supply and Demand forecast comes out March 8th with Conab’s Brazil outlook being released the following day.
Related Stories
National Cotton Council’s Gary Adams joins us to discuss the USDA’s Great American Cotton Plan, crop conditions, prices, and efforts to boost domestic demand.
The agreement establishes a new system to monitor water deliveries to Texas and sets limits on how far Mexico can fall behind on its treaty obligations.
China’s expanding farm assistance in Cuba bears watching as food trade becomes part of regional influence.
Reduced slaughter numbers and stronger export demand are helping push livestock by-product values higher.
LSU economist Dr. Michael Deliberto says fewer planted acres could tighten supplies and support prices for producers.
The Rural Mainstreet Index remained below growth neutral for the fourth straight month as grain prices stay under pressure.
