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
As farmers and ranchers navigate rising input costs, lawmakers are considering a roughly $15 billion aid package to help, which would be tied to the spending bill for the war with Iran.
Lower costs improve competitiveness, but demand remains uncertain.
Corn and soybean shipments continue to move at a steady pace as spring trade flows develop.
Herd growth and exports supporting dairy outlook.
Strong exports continue to support corn despite larger supplies.
Crush demand is supporting soybeans despite biofuel uncertainty.
